Originally posted on Waiting For Next Year  |  Last updated 3/5/13
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?]
Ios_download En_app_rgb_wo_45

Furious Brad Stevens blasts Celtics after lackluster game

Did Bryce Harper deserve the MVP?

Duke 5-star commit posts moving message after successful surgery

Ex-LSU commit still supports Les Miles

Report: Ray Lewis gave Bills pregame pep talk

Report: Marshawn Lynch out a few weeks to recover


Peyton Manning to miss at least two more weeks

Notre Dame DT: Committee 'spit in our faces' with ranking

LaRon Landry suspended indefinitely by NFL

Don’t blame Mike Pettine for benching Johnny Manziel. Blame Johnny.

Danny Ainge: Celtics’ Marcus Smart has shown ‘propensity to get injured’

Ravens claim Jimmy Clausen off waivers, send Joe Flacco to IR

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!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
Get it now!
Ios_download En_app_rgb_wo_45

10 storylines for Week 13 of the college football season

Ranking the 10 best games of 2015 college football rivalry week

Examining the Mavericks' hot start

Johnny Bench(ed): Manziel demoted to third string

Mike Trout, four years in

Tom Brady on ‘Rex Ryan!’ line call: It’s ‘in the playbook’

Five NFL teams trending downward

Not so fast, USC: Eagles Chip Kelly buys Philly-area home

The five best hockey fights from Week 7

Bart Starr doesn’t remember Green Bay Packers career

Today's Best Stuff
For Publishers
Company Info
Follow Yardbarker