Wednesday, March 3, 2021

Dan Gilbert is now the world's 16th richest man after his net worth skyrocketed by $25 billion on Tuesday

Posted By on Wed, Mar 3, 2021 at 12:40 PM

click to enlarge Dan Gilbert. - WIKIPEDIA/STEVE JENNINGS
  • Wikipedia/Steve Jennings
  • Dan Gilbert.

Dan Gilbert is now the planet's 16th-richest human being after his net worth soared by $25 billion Tuesday, fueled by speculative day-trading on the stock market.

Bloomberg reported that his single-day increase in wealth represented the biggest daily jump up in the history of their list of wealthiest billionaires alive.

Gilbert owns more than 70% of the Rocket family of companies, under which Quicken Loans, the Cleveland Cavaliers, and Bedrock Real Estate are all housed, and which went public earlier this year, sending Gilbert's personal fortune into the stratosphere.

The news of Gilbert's bounty is yet another dismal reminder that as hundreds of thousands of people have died from COVID-19 and millions more have been plunged into the depths of poverty and despair, billionaires like Gilbert continue to rake in unprecedented sums.

The City of Cleveland, the USA's poorest big city, continues to dole out millions each year for Gilbert's Rocket Mortgage FieldHouse upgrade and recently okayed another handout for his Quicken Loans branch downtown.

We live in a broken world. There's not much more to say.

A version of this article was originally published by our sister paper, Cleveland Scene. It is republished here with permission.

Stay on top of Detroit news and views. Sign up for our weekly issue newsletter delivered each Wednesday.

Tags: , , , ,

We welcome readers to submit letters regarding articles and content in Detroit Metro Times. Letters should be a minimum of 150 words, refer to content that has appeared on Detroit Metro Times, and must include the writer's full name, address, and phone number for verification purposes. No attachments will be considered. Writers of letters selected for publication will be notified via email. Letters may be edited and shortened for space.

Email us at

Support Local Journalism.
Join the Detroit Metro Times Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the Metro Times Press Club for as little as $5 a month.

Read the Digital Print Issue

December 1, 2021

View more issues


Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Best Things to Do In Detroit

© 2021 Detroit Metro Times - Contact Us

Website powered by Foundation