8 MI Billionaires Among America's Richest People: See New List

Daniel Gilbert, who is worth an estimated $26.7 billion, is the richest person in Michigan, according to the Forbes 400 ranking of the wealthiest Americans released Tuesday.

Overall, Michigan has eight billionaires on the elite Forbes list. They’re worth a combined $80.1 billion.

America’s super-rich have never been wealthier. The 400 richest people in the country are worth a record $6.6 trillion — $1.2 trillion richer than they were last year, due mainly to surging stock markets and “AI mania," Forbes said.

It took a net worth of $1.7 billion to make the Forbes 400 a decade ago, and those with fortunes of $3.8 billion were “comfortably within the top half of the ranking,” Forbes said, noting that now, “that lofty sum is the minimum required.”

Gilbert grew his wealth in the mortgage industry after he cofounded what would become Rocket Mortgage, the second-largest mortgage lender in the U.S., in 1985 at 22 years old. He is the 37th richest person in the country.

Other Michiganders in the ranking include:

Mat Ishbia
Net worth: $9.5 billion
Industry: Mortgage Lender
Ranking nationally: 135
Philanthropy score: 1

Ronda Stryker
Net worth: $8.6 billion
Industry: Medical Equipment
Ranking nationally: 157
Philanthropy score: 3

Roger Penske
Net worth: $7.7 billion
Industry: Cars
Ranking nationally: 187
Philanthropy score: 1

Marian Ilitch and Family
Net worth: $6.9 billion
Industry: Little Caesars Pizza
Ranking nationally: 214
Philanthropy score: 2

Doug Meijer and family
Net worth: $6.9 billion
Industry: Supermarket
Ranking nationally: 214
Philanthropy score: 1

Hank Meijer and family
Net worth: $6.9 billion
Industry: Supermarket
Ranking nationally: 214
Philanthropy score: 1

Mark Meijer and family
Net worth: $6.9 billion
Industry: Supermarket
Ranking nationally: 214
Philanthropy score: 1

Elon Musk remained at the top of the list. He also became the first person on the list to surpass $400 billion. That was $152 billion richer than Larry Ellison, the second-richest American, and a difference that’s more than Warren Buffett’s entire net worth, Forbes said.

The 10 richest people in America are:

1. Elon Musk, 54, $428 billion, Tesla, SpaceX (Texas)
2. Larry Ellison, 81, $276 billion, Oracle (California)
3. Mark Zuckerberg, 41, $253 billion, Facebook (California)
4. Jeff Bezos, 61, $241 billion, Amazon (Florida)
5. Larry Page, 52, $179 billion, Google (California)
6. Sergey Brin, 52, $166 billion, Google (California)
7. Steve Ballmer, 69, $153 billion, Microsoft (Washington)
8. Jensen Huang, 62, $151 billion, semiconductors (California)
9. Warren Buffett, 95, $150 billion, Berkshire Hathaway (Nebraska)
10. Michel Dell, 60, $129 billion, Dell Technologies (Texas)

This year’s ranking includes 14 newcomers, including four who are worth $10 billion or more.

President Donald Trump ranks 201st on the list with a net worth of $7.3 billion. Within the real estate industry, Trump ranks eighth in the sector, led by Donald Bren of California, with a net worth of $19.2 billion, and Stephen Ross of Florida, who is worth about $17 billion.