Daniel Gilbert is a famous American businessman and founder of ‘Quicken Loans and Rock Ventures.’ Daniel owns numerous sports franchises such as the NBA G League’s Canton Charge, the American Hockey League’s Cleveland Monsters, and the Arena Football League’s Cleveland Gladiators. Daniel co-owns the National Basketball Association’s Cleveland Cavaliers.
He runs Quicken Loans Arena in Cleveland, Ohio, where the Cavaliers, Monsters, and Gladiators reside. Daniel Gilbert serves as the Chairman of JACK Entertainment (Former: Rock Gaming). In May 2012, JACK Entertainment opened its first Horseshoe Casino (Current: ACK Cleveland Casino) in Cleveland’s downtown. Continue reading to find the net worth of Daniel Gilbert as of 2019.
Early Life & Biography:
Daniel Gilbert was born on 17th January 1962 in Detroit, Michigan, the US, to a Jewish family. He was raised in Southfield, Michigan and studied at Southfield-Lathrup High School. Daniel Gilbert graduated with his Bachelor’s degree from Michigan State University. Daniel Gilbert earned his Juris Doctor from Wayne State University Law School. Presently, he is a member of the State Bar of Michigan.
During his college days, Daniel Gilbert got a real estate agent’s license. While in law school, Daniel worked part-time at his parent’s Company called ‘Century 21 Real Estate agency’.
Daniel Gilbert and his wife, Jennifer Gilbert along with their five children live in Franklin, Michigan. Jennifer serves in the Gilbert Family Neurofibromatosis Institute at Children’s National Medical Centre in Washington DC. Jennifer serves on board of ORT America. Also, Jennifer serves for the Israeli and Overseas Committee of the Jewish Federation of Metropolitan Detroit.
Career, Awards & Nominations:
In 1985, Daniel Gilbert noticed that was a big opportunity in growing mortgage industry. He along with Ron Berman, Lindsay Gross and Gary Gilbert (his younger brother) established the Company, ‘Rock Financial.’ Later, this Company became the largest independent mortgage lenders in the USA. In 1999, ‘Rock Financial’ was the quickest mortgage lender over the internet.
In 2000, when ‘Rock Financial’ was sold to ‘Intuit Inc.,’ it got renamed to ‘Quicken Loans.’ Later the Company provided online home loans directly to customers from all 50 states. Presently, Daniel Gilbert serves as the Chairman of ‘Quicken Loans.’
Daniel Gilbert invested in the NBA franchise Cleveland Cavaliers. He owns most of the Lake Erie Monsters (American Hockey League), Cleveland Gladiators (Arena Football League) and Canton Charge, an NBA Development League.
According to Forbes magazine, Daniel Gilbert is listed as one of the richest persons in every State (2018). Daniel Gilbert is ranked no.274 amongst billionaires (2018) and ranked no. 91 on amongst Forbes 400 (2017).
Net Worth & Earnings:
The net worth of Daniel Gilbert is $6 billion. Daniel Gilbert is named as one of the 500 richest businessmen in the world as per FORBES. Daniel Gilbert is considered an American self-made entrepreneur. He earned most of his wealth as the founder and CEO of ‘Quicken Loans’ Company. Also, Daniel Gilbert owns Cleveland Cavaliers of NBA; American Hockey League team, the Lake Erie Monsters.
In 1985, Daniel Gilbert, Ron Berman, Lindsay Gross and Gary Gilbert (his younger brother) founded ‘Rock Financial.’ In 1999, he sold ‘Rock Financial’ to Intuit Inc for $532 million. After three years, Daniel Gilbert bought back his Company at $64 million. Currently, ‘Quicken Loans’ is USA’s largest online lender issuing loans of $80 billion. In 2010, ‘Quicken Loans’ moved headquarters and 1,700 employees to Detroit’s downtown for enhancing the city. Daniel Gilbert spent $600 million for purchasing Greektown Casino and Hotel of Detroit.
Daniel Gilbert owns Cleveland Cavaliers of NBA, Lake Erie Monsters of AHL, and Cleveland Gladiators of AFL. He is associated with the NBA Development League’s Canton Charge. Daniel runs Quicken Loans Arena in Cleveland, Ohio. In May 2012, Daniel as the Chairman of Rock Gaming opened the first Horseshoe Casino in Cleveland’s downtown.