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Dan Gilbert, a businessman, team owner, and lawyer, was born on January 17, 1962, in Detroit, Michigan. He graduated from Michigan State University and Wayne State University. As of April 2021...

1. Background and Education

Dan Gilbert was born in Detroit, Michigan, on January 17, 1962. He attended Michigan State University and graduated from Wayne State University. He is a businessman, team owner, and lawyer.

2. Career and Wealth

Gilbert founded Rock Financial in 1985, which brought him great wealth. He currently serves as the chairman of Quicken Loans, a US-based mortgage lending company. He has also been involved in the NBA as the owner of the Cleveland Cavaliers.

3. Ownership of the Cleveland Cavaliers

Dan Gilbert became the owner of the Cleveland Cavaliers in 2005. The purchase price for the team was $375 million, and the current value of the franchise is estimated to be $1.51 billion.

4. Personal Wealth

Dan Gilbert's personal wealth is estimated to be $7 billion. This wealth was primarily acquired through his entrepreneurial endeavors, such as Quicken Loans and other business ventures.

5. Gilbert's Role in the NBA

Dan Gilbert is known for his ownership of the Cleveland Cavaliers, but his influence extends beyond the team. He has been an active participant in NBA management and has made significant contributions to the league.

Conclusion

Dan Gilbert, a native of Southfield, Michigan, is a prominent businessman, team owner, and lawyer. He acquired his wealth through various business ventures, including Quicken Loans. As the owner of the Cleveland Cavaliers, Gilbert has played a significant role in the NBA and has made a lasting impact on the league.