Dan Gilbert is the founder and chairman of Rock Ventures & Quicken Loans. The esteemed entrepreneur also holds majority stakes in NBA team Cleveland Cavaliers, AHL’s Lake Erie Monsters, Cleveland Gladiators of Arena Football League & Canton Charge of NBA Development League.
He also operates Quicken Loans Arena (Cleveland) & holds the chair for Rock Gaming. Here’s Billionaire Entrepreneur Dan Gilbert’s inspiring success story, whose Net worth is USD 24.7 billion.
Daniel Dan Gilbert was born on January 17, 1962, in Detroit.
He had his schooling at Southfield-Lathrup High School and later graduated from Michigan State University.
Gilbert attained his Juris Doctor degree from Wayne State University Law School & holds membership with Michigan State Bar.
His career began with his stint at his family’s real estate business, Century 21 Real Estate.
Gilbert came up with his Rock Financial (1985), which emerged as one of the largest loan creditors across the country. Later on, with its internet launch, the business enterprise also rose to one of the top names in the virtual world.
Intuit Inc. purchased Rock Financial in 2002 & the web operation was renamed to Quicken Loans, which grew up to be the leader in direct-to-consumer housing loans provider on the internet- extending mortgages to all 50 states.
The same year, he collected a small group of traders to collect Quicken Loans & its affiliated establishment Title Source. To date, Dan is the chairman of Quicken Loans.
Dan is a co-founder of Rockbridge Growth Equity. The business enterprise has considerable investments in numerous areas- Robb Report, Connect America, One on One Marketing, Triad Retail Media, Purchasing Power, AccountNow, Protect America, etc.
Additionally, Dan serves as a principal for Detroit Venture Partners & has invested in a large number of consumer-based technology-centered companies. In 2007, he released Bizdom.
In 2009, Dan & his partners successfully supported the referendum to bring casino video games to Ohio’s four most significant towns. Horseshoe Cleveland, the first of those casinos, was released in 2012.
In the following years, Rock Ventures formed Athens Acquisition LLC (a Rick Gaming affiliate) & purchased most stakes in Greektown Superholdings.
In 2005, Gilbert purchased maximum stakes of the Cleveland Cavaliers. 2 years later, he acquired Utah Grizzlies AHL franchise & renamed it Lake Erie Monsters.
He again purchased New Mexico Thunderbirds (NBADL) & renamed it Canton Charge in 2011. He made the team a D-League affiliate of the Cavaliers. The following year, he bought Cleveland Gladiators.
One of the essential highlights of Dan’s career is the foundation of Rock Financial, which rose to be one of the largest independent mortgage loan providers in America.
Dan is married to Jennifer Gilbert & together, the couple has five children.
Gilbert is a great philanthropist who has joined up with The Giving Pledge. He has even established two research clinics on the study of Neurofibromatosis in Washington & Israel.