Dan Gilbert Net Worth: Dan Gilbert is a self-made billionaire who has a net worth of $3.5 billion dollars. Dan Gilbert is the CEO of Quicken Loans, and owner of the Cleveland Cavaliers and the Lake Erie Monsters. Quicken Loans was originally Rock Financial, a company Gilbert began with his brother and some childhood friends, but changed its name when it was purchased by the company that created Quicken and TurboTax, Intuit, Inc.
Born Daniel Gilbert on January 17, 1962, in Detroit, Michigan, US, he is best known for founding mortgage company Quicken Loans Inc., where he continues to serve as its chairman. He started his career back in 1985, when Gilbert saw a great potential in starting business in originating mortgages. Thus, he sat up a small mortgage company called Rock Financial, along with Ron Berman, Lindsay Gross and his younger brother, Gary Gilbert. Turning out to be a success, he sold Rock Financial to Intuit for $532 million in 1999. Then he made a wise move buying it back 3 years later for $64 million. Today Quicken Loans is nation's largest online lender, as it is anticipated to issue $80 billion in loans this year. As of 2010, Quicken Loans moved its headquarters and 1,700 of its employees to downtown Detroit. In addition, Gilbert has made several other major investments in the bankrupt city of Detroit, including his recent $600 million purchase of Greektown Casino and Hotel. Apart from the above, he is the majority owner of the NBA's Cleveland Cavaliers, the AHL's Lake Erie Monsters, the AFL's Cleveland Gladiators, as well as the NBA Development League's Canton Charge. Furthermore, he serves as operator of the Quicken Loans Arena in Cleveland, Ohio and chairman of Rock Gaming, which opened its first Horseshoe Casino in downtown Cleveland in May 2012.