Originally written on Waiting For Next Year  |  Last updated 10/22/14
Mike Illitch may be willing to deficit spend his way to a World Series, but it is Cleveland Cavaliers owner Dan Gilbert who is officially the wealthiest person to live in Detroit, Michigan, per Forbes. Gilbert, the founder of Quicken Loans, Rock Ventures, Rock Gaming and owner of the Cleveland Cavaliers — among other smaller companies and teams — is worth an estimated $3.5 billion, up from $1.5 billion in March 2012, because of the extraordinary growth of his privately held mortgage financing company. Forbes reports that the nation’s largest online lender closed $70 billion in mortgages last year, up from $30 billion in 2011. Gilbert is also said to be purchasing Greektown Casino in Detroit, while being one of the main investors of a light rail system that will hope to improve the economic conditions of the rustbelt town. When compared to the rest of the world, Gilbert, 51, slots in 354th overall. This compares to Cleveland Browns owner Jimmy Haslam who is said to be worth $1.8 billion, leaving him off of the top 500 as ranked by Forbes. [Related: WFNY Podcast – Diminishing returns in baseball stats?]
MORE FROM YARDBARKER

C-USA hired PR firm to help Marshall’s playoff chances

Wilson denies rumored Harvin rift, blames media for scrutiny

Report: Cowboys could limit DeMarco Murray's touches

Lakers announce Steve Nash to miss season with back issues

Is Mack Brown the best option for SMU?

Jeremy Kerley on new contract: 'Bentleys for everybody'

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Buss: Any FA who won’t play with Kobe ‘probably a loser’

NFL to start airing its own anti-domestic violence PSAs

Ex-Bronco John Boyett punched cabbie, told cops to call Elway

Former NFL QB still feels effects of concussions every day

Robert Klemko given four-week suspension from The MMQB

Michael Vick: Percy Harvin won't be a monster here

NFL teams facing potential must-win scenarios in Week 8

WATCH: Jeremy Lin poses as Adidas employee for prank

WATCH: Peyton screams at fans to 'shut the f- up!'

Father auctioning off infant son's soccer club allegiance

Love thanks T'Wolves fans in essay for not burning his jersey

WATCH: Browns WR 'kicks out' son over favorite player snub

Memorabilia dealer wants Todd Gurley reinstated immediately

Aaron Rodgers gave girlfriend Olivia Munn a 'special ring'?

The 10 college football programs with most to gain in Week 9

Most disappointing potential dynasties of divisional era

WATCH: OHL hockey coach goes off on reporter: ‘F*** you!’

PK Subban as Michael Jackson at Canadiens' Halloween party

NBA News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

NFL teams facing must-win scenarios in Week 8

Programs with a lot on the line this week

Wilson denies rumored Harvin rift

Lakers: Steve Nash out for season

Is Mack Brown SMU's best option?

Are sports leagues finally getting serious about domestic violence?

Brian Urlacher rips Jay Cutler

On Kevin Love, Kyrie Irving and embracing newfound roles

Top NFL storylines: Week 8

Kiffin's mom worried for son's safety

Report: Goodell will have to testify

Penguins do 'O Canada' following tragedy

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.