Dan Gilbert Tops List Of Michigan's Richest People: Patch PM

METRO DETROIT, MI — Worth an estimated $5.9 billion, Detroit businessman Dan Gilbert, 55, is Michigan’s richest person, according to Forbes’ latest rankings of the richest individuals in each state. The self-made billionaire owns the home mortgage company Quicken Loans, the Cleveland Cavaliers NBA team, multiple casinos, and about 100 business and real-estate enterprises under his Rock Ventures umbrella.

Gilbert’s fortune pales in comparison with the wealth accumulated by Microsoft cofounder Bill Gates, who is not only Washington state’s richest resident, but also the richest person in the world with a fortune estimated at $88.9 billion. Gates is about $12.9 billion richer this year than last, largely due to the rising stock market, Forbes said. Read the rest of the story here.

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