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?]
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

DeMarcus Cousins was ‘praying’ for a better supporting cast with Sacramento

Report: Nets trading Bojan Bogdanovic to Wizards

Elliott spoke with police after 'best friend' caught with gun

Jets reportedly believe Jay Cutler can compete in AFC East

Report: 'Melo could waive no-trade clause for Clippers after season

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Rivers: Paul medically cleared to play, could return Thursday

Trea Turner missed part of Nats camp Wedneday for jury duty

Hernandez's prison calls to Pouncey could come up in trial

Josh Hamilton experiences pain in reconstructed knee, leaves camp

Report: Pacers gauging trade market for Paul George

Washington eyeing Romo as potential Cousins replacement?

The top 10 MLB third basemen heading into spring training

The Aesthetic: Pushing the boundaries of the three-pointer

NBA coaches who should be fired soon

Box Score 2/22: Not everyone is happy with the new intentional walk rule

Teams and players who could be dealing at the NBA trade deadline

As NHL trade deadline nears, seven teams who could be dealing

Nintendo is finally, thankfully embracing sports and eSports

The 'Did the Kings just make the Pelicans into a super team?' quiz

Will the Timberwolves start showcasing their potential?

'Playmakers' in Ice Cube's league who can help the Cavs

Box Score 2/21: It's trade heartbreak season

The guard tandems you'd want in a 2-on-2 tournament

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.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

The top 10 MLB third basemen heading into spring training

The Aesthetic: Pushing the boundaries of the three-pointer

NBA coaches who should be fired soon

QUIZ: Name every MLB pitcher to win the MVP award

Teams, players who could be dealing at the NBA trade deadline

As NHL trade deadline nears, seven teams who could be dealing

Nintendo is finally, thankfully embracing sports and eSports

The 'Did the Kings just make the Pelicans into a super team?' quiz

Will the Timberwolves start showcasing their potential?

'Playmakers' in Ice Cube's league who can help the Cavs

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker