Daniel Gilbert Net WorthReal Name: Daniel Gilbert
Date of Birth: 01/17/1962
Place of Birth: Detroit, Michigan
2017 Net Worth: $4.7 Billion
Profession: Founder of Quicken Loans
Daniel Gilbert Biography
Daniel “Dan” Gilbert was born in Detroit, Michigan in January of 1962. He grew up in the Southfield area of Michigan and attended Michigan State University. He also has a JD from Wayne State University Law School and is still a member of the State Bar in Michigan. While Gilbert was attending college, he earned his real estate agent’s license and worked part time at his parent’s Century 21 Real Estate Agency while he attended law school.
Gilbert believed that the real potential to make money was not so much in selling homes, but rather in mortgages. Along with a few friends, Gilbert founded Rock Financial in 1985. The company soon grew into one of the largest independent mortgage lenders in the country. By the late 1990’s, Rock Financial had launched an Internet strategy and was soon the fastest growing direct mortgage lender to be found online.
Software maker Intuit Inc. purchased Rock Financial in 2000 and renamed its online operation Quicken Loans. Gilbert remained as CEO of the company and it grew substantially under his guidance, becoming the leading provider of direct to consumer home loans, offering mortgages in all 50 states.
Gilbert has invested in several sports leagues including the NBA Cleveland Cavaliers, American Hockey League team the Lake Erie Monsters, the Cleveland Gladiators, as well as an NBA development league team Canton Charge. Gilbert also owns Rock Ventures Group, an investment firm, which has purchased numerous buildings in the downtown Detroit area including Chase Tower, Two Detroit Center parking garage, and the historic Madison Theatre Building, as well as the Dime Building, First National Building as well as some smaller locations on Woodward Avenue. This makes Rock Venture’s downtown investments totaling more than 9 million square feet; four million is commercial pace, the other 3.6 million is parking space.
Gilbert has a net worth of $ 4.7 billion. He lives with his wife and 5 children in Franklin, Michigan, where he is well-known for his charitable works in the area.