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Dan Gilbert
Daniel Bruce Gilbert (born January 17, 1962) is an American billionaire businessman and philanthropist. He is the co-founder, majority owner, and chairman of Rocket Mortgage, and founder of Rock Ventures. He is also well-known as the owner of the Cleveland Cavaliers of the National Basketball Association, the Cleveland Charge of the NBA G League, and the Cleveland Monsters of the American Hockey League. As of May 2025, Forbes estimated his net worth at US$22.5 billion, making him the 88th richest person in the world.
Gilbert was born to a Jewish family in Detroit, Michigan. Gilbert's father, Sam, owned Sakesy's, a Detroit bar, and his grandfather managed a Detroit carwash. At age 12, Gilbert organized a pizza delivery service with children on bikes delivering in the neighborhood. He grew up in Southfield, Michigan, where he attended Southfield-Lathrup High School. While attending college he worked delivering pizzas himself. He earned his bachelor's degree from Michigan State University and a Juris Doctor from Wayne State University Law School, and he is a member of the State Bar of Michigan. While in college he earned a real estate agent's license, and while in law school, he worked part-time at his parents' Century 21 Real Estate agency.
Gilbert founded Rock Financial in 1985 with Ron Berman, Lindsay Gross and his younger brother Gary Gilbert. In the late 1990s, the company launched its internet strategy, becoming an early online direct mortgage lender. In the fourth quarter of 2017, the company became the largest retail mortgage lender by volume in the United States.
In 2000, software maker Intuit Inc. purchased Rock Financial and renamed the national web operation Quicken Loans. In 2002, Gilbert and a group of private investors purchased Quicken Loans and its affiliated national title company, Title Source, Inc., from Intuit. As of 2021, Gilbert was the chairman of Quicken Loans, Inc.
In 2007, Gilbert and the city of Detroit announced an agreement to move the company's headquarters to downtown Detroit. All 3,600 Michigan-based employees moved into Detroit's urban core by the end of 2010.
In August 2020, Quicken Loans went public under the name Rocket Companies and made its debut on the New York Stock Exchange under the ticker symbol "RKT". As of 2020, Gilbert remained the majority owner, controlling 79% of the company's shares.
In 2005, Dan Gilbert bought the Cleveland Cavaliers for $375 million, which was then a record price for an NBA team. Since then, he has overseen significant improvements to the team's facilities.
In 2006, Gilbert also purchased the Cleveland Monsters, a professional ice hockey team in the American Hockey League. The team is affiliated with the NHL's Columbus Blue Jackets.
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Dan Gilbert
Daniel Bruce Gilbert (born January 17, 1962) is an American billionaire businessman and philanthropist. He is the co-founder, majority owner, and chairman of Rocket Mortgage, and founder of Rock Ventures. He is also well-known as the owner of the Cleveland Cavaliers of the National Basketball Association, the Cleveland Charge of the NBA G League, and the Cleveland Monsters of the American Hockey League. As of May 2025, Forbes estimated his net worth at US$22.5 billion, making him the 88th richest person in the world.
Gilbert was born to a Jewish family in Detroit, Michigan. Gilbert's father, Sam, owned Sakesy's, a Detroit bar, and his grandfather managed a Detroit carwash. At age 12, Gilbert organized a pizza delivery service with children on bikes delivering in the neighborhood. He grew up in Southfield, Michigan, where he attended Southfield-Lathrup High School. While attending college he worked delivering pizzas himself. He earned his bachelor's degree from Michigan State University and a Juris Doctor from Wayne State University Law School, and he is a member of the State Bar of Michigan. While in college he earned a real estate agent's license, and while in law school, he worked part-time at his parents' Century 21 Real Estate agency.
Gilbert founded Rock Financial in 1985 with Ron Berman, Lindsay Gross and his younger brother Gary Gilbert. In the late 1990s, the company launched its internet strategy, becoming an early online direct mortgage lender. In the fourth quarter of 2017, the company became the largest retail mortgage lender by volume in the United States.
In 2000, software maker Intuit Inc. purchased Rock Financial and renamed the national web operation Quicken Loans. In 2002, Gilbert and a group of private investors purchased Quicken Loans and its affiliated national title company, Title Source, Inc., from Intuit. As of 2021, Gilbert was the chairman of Quicken Loans, Inc.
In 2007, Gilbert and the city of Detroit announced an agreement to move the company's headquarters to downtown Detroit. All 3,600 Michigan-based employees moved into Detroit's urban core by the end of 2010.
In August 2020, Quicken Loans went public under the name Rocket Companies and made its debut on the New York Stock Exchange under the ticker symbol "RKT". As of 2020, Gilbert remained the majority owner, controlling 79% of the company's shares.
In 2005, Dan Gilbert bought the Cleveland Cavaliers for $375 million, which was then a record price for an NBA team. Since then, he has overseen significant improvements to the team's facilities.
In 2006, Gilbert also purchased the Cleveland Monsters, a professional ice hockey team in the American Hockey League. The team is affiliated with the NHL's Columbus Blue Jackets.