Dan Gilbert
Dan Gilbert was born in Detroit, Michigan, United States on January 17th, 1962 and is the Entrepreneur. At the age of 62, Dan Gilbert biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
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Daniel Gilbert (born January 17, 1962) is an American businessman, investor, and philanthropist.
He is the cofounder of Quicken Loans and the maker of Rock Ventures.
He is the owner of the Cleveland Cavaliers of the National Basketball Association.
Gilbert owns several sports franchises, including the American Hockey League's Cleveland Monsters and the NBA G League's Canton Charge.
He runs the Rocket Mortgage FieldHouse in Cleveland, Ohio, home to the Cavaliers and Monsters. Gilbert is the chairman of JACK Entertainment (formerly Rock Gaming), which opened its first Horseshoe Casino (now JACK Cleveland Casino) in downtown Cleveland in May 2012.
Early life and education
Gilbert was born in Detroit, Michigan, to a Jewish family. He grew up in Southfield, Michigan, where he attended Southfield-Lathrup High School. He earned his bachelor's degree from Michigan State University and a Juris Doctor from Wayne State University Law School, as well as a member of the State Bar of Michigan. He obtained a real estate agent's license and served part-time at his parents' Century 21 Real Estate firm while attending law school.
Personal life
Gilbert and his wife Jennifer Gilbert and their five children live in Michigan. His wife serves on the Boards of the Gilbert Family Neurofibromatosis Institute at Children's National Medical Center in Washington, D.C., and also serves on the boards of ORT America and the Israeli and Overseas Committee of the Jewish Federation of Metropolitan Detroit. Gilbert was admitted to the hospital and treated for a stroke on May 26, 2019.
Business career
Ron Berman, Lindsay Gross, and his younger brother Gary Gilbert formed Rock Financial in 1985. The firm unveiled its internet campaign in the late 1990s, becoming the first online direct mortgage lender. The corporation was the country's largest retail mortgage lender by number in the fourth quarter of 2017.
In 2000, software developer Intuit Inc. purchased Rock Financial and renamed the national web service Quicken Loans. Gilbert and a group of private investors purchased Quicken Loans and Intuit's national title company, Title Source, Inc. Gilbert served as the chairman of Quicken Loans, Inc. in 2021.
Gilbert and Detroit, Michigan, and the city of Detroit, announced an agreement in 2007 to relocate the company's headquarters to downtown Detroit. By the end of 2010, all 3,600 Michigan-based employees had moved into Detroit's urban core.
Quicken Loans made its public debut on the New York Stock Exchange in August 2020 under the ticker symbol "RKT." Gilbert remained the majority owner, controlling 79% of the company's shares as of 2020.
Gilbert became the majority owner of the Cleveland Cavaliers in March 2005 and undertook a complete overhaul of the front office, teaching staff, player personnel, and game presentation. During Gilbert's tenure, the Cavaliers won six Central Division championships (2009, 2010, 2015, 2016), five Eastern Conference championships (2007, 2015, 2016), and one NBA championship (2016), which brought an end to the Cleveland sports curse.
Gilbert bought the dormant Utah Grizzlies American Hockey League franchise in Cleveland and renamed it the Cleveland Monsters (previously Lake Erie Monsters). Gilbert won the Calder Cup, the AHL's highest award in 2016, giving Gilbert two championships in less than eight days.
Gilbert purchased the New Mexico Thunderbirds from what was then the NBA Developmental League (now called the G League) and moved them to Canton, Ohio, renaming them the Cavaliers' affiliate. The Cleveland Charge, which is based on 2022, was named as the Cleveland Charge in Cleveland.
On an ESPN television special dubbed The Decision, Ohio native LeBron James reported that he was leaving the Cavaliers for the Miami Heat. Gilbert wrote an open letter to Cleveland Cavaliers supporters after the special, in which he criticized how James made his announcement. Gilbert was later disciplined by NBA Commissioner David Stern for his remarks. Gilbert later said he regretted the letter and has since apologized to James.
"I've met Dan, man-to-man, face-to-man," James later revealed. We've figured it out. Everybody makes mistakes. I've made mistakes before, as well.Who am I to hold a grudge?"
Gilbert is a founding partner of Rockbridge Growth Equity LLC (RBE). The partnership invests in growing companies in financial services, internet technology, consumer-direct marketing, and the sports and entertainment industries.
RBE has significant investments in Gas Station TV, Robb Report, and RapidAdvance, among other areas.
Gilbert is also an investor in Courtside Ventures, a venture capital fund investing in early-stage technology and media companies with a focus on sports, and is a founding partner of Detroit Venture Partners (DVP), a venture capital firm that invests in start-up and early-stage technology companies based in Detroit. [23] LevelEleven, iRule, and Marxist Labs are among the companies that have invested in.
Gilbert cofounded StockX, a stock exchange for things that are in high demand, limited edition items such as sneakers, which is also available in many languages. Gilbert is also invested and involved in the operation of several consumer-based technology-based companies, including Fathead, Veritix, Xenith, StyleCaster, and Quizzle.
Gilbert founded Bizdom in 2007, which supports both tech and brick-and-mortar entrepreneurship in Detroit and Cleveland by supporting on-the-ground service providers.
Gilbert and a group of colleagues won a statewide referendum in November 2009 to bring casino gaming to Ohio's four largest cities. Both Cleveland and Cincinnati operate urban-based casinos under Caesars Entertainment Corporation, part of Caesars Entertainment Corporation. In May 2012, Jack Cleveland Casino, the first of the casinos, opened in Cleveland, Ohio.
Rock Ventures, the umbrella company for Gilbert's investments and real estate holdings, announced that it had formed Athens Acquisition LLC, a Rock Gaming affiliate, and acquired the majority interest in the Greektown Casino-Hotel in downtown Detroit. Gilbert purchased Dictionary.com and Thesaurus.com in late 2018.
Gilbert made a multimillion-dollar investment into the esports company in November 2017, including former Call of Duty player and 100 Thieves CEO Matthew "Nadeshot" Haag.
In August 2010, Quicken Loans and 1,700 of its workers migrated to downtown Detroit, where Gilbert and the company are leading the revival of Detroit's urban core.
Bedrock Detroit has bought many buildings in downtown Detroit, including the historic Madison Theatre Building, Chase Tower, Two Detroit Center, Dime Building, the First National Building, the David Stott Building, and the former Federal Reserve Bank of Chicago, all located in the city. Bedrock Detroit has also purchased numerous buildings on the city's Woodward Avenue, including One Woodward Avenue and the 1001 Woodward office tower.
Gilbert was named co-chair of the Blight Removal Task Force in September 2013. In May 2014, the corporation unveiled a detailed strategy to demolish all blighted buildings and parking lots in the City of Detroit.
He bought Book Tower in Detroit in 2015.
Gilbert was named one of "America's Most Interesting Mayors" in a 2017 Politico Magazine article, naming him as if he were Mayor of Detroit due to his role in the city's growth.
Gilbert was hired by Detroit Mayor Mike Duggan in September 2017 to lead a committee that made a bid for Amazon to expand its second North American headquarters to Detroit. Amazon narrowed its list of potential headquarters locations in 2018, excluding Detroit from its list of contenders.