The world’s richest real estate magnate worth £24bn | World | News
Dan Gilbert is reportedly the richest person in the global real estate industry as of November 2024, with an estimated net worth of £24 billion, according to Statista.
Gilbert co-founded and is the majority owner of Rocket Mortgage, formerly known as Quicken Loans, the world’s biggest online lender, and owns several sports franchises, including the Cleveland Cavaliers, Cleveland Monsters, and Cleveland Charge.
The billionaire has spent the past several years acquiring almost 100 properties in downtown Detroit, an area which is now even referred to as “Gilbertville.”
Gilbert is a chairman at Rocket Mortgage, a company that revolutionised mortgage lending through technology and customer service, making the process more accessible and efficient.
He founded Rock Ventures, a private holding company that manages his companies, investments, and real estate.
In 2005, Gilbert made a landmark purchase of the Cleveland Cavaliers for about £311 million, a record price at the time.
He expanded his sports portfolio in 2006 with the acquisition of the Cleveland Monsters, a professional ice hockey team and under his ownership, the Cavaliers won their first NBA championship in 2016, though the period following LeBron James’s departure in 2018 was marked by controversy and challenges.
Gilbert is a founding partner of Rockbridge Growth Equity, which invests in various sectors including financial services, tech, and entertainment.
His investments also span sports-tech through Courtside Ventures, start-up funding with Detroit Venture Partners, and companies like StockX, Fathead, and Veritix.
Gilbert has backed projects like Bizdom, a non-profit supporting entrepreneurship, and has partnered with Caesars Entertainment to bring casinos to Ohio, including Jack Cleveland Casino.
Gilbert’s portfolio includes real estate with his company, Rock Ventures, as well as investments in digital platforms like Dictionary.com.
He has also made strategic investments in various industries, including technology, finance, and entertainment, further solidifying his presence in the business world.
