Owners/Lending and mortgages
Dan Gilbert
Dan Gilbert, 64, founded Rocket Companies, the largest US mortgage lender, and still holds 57% of its shares. Forbes puts his net worth at $20B; he has owned the Cleveland Cavaliers since 2005.
Net worth over time
Forbes estimates of Dan Gilbert's net worth each year, next to the Forbes value of the Cleveland Cavaliers. From 2012 to now the net worth went from $1.5B to $20B, about 13 times as much.
Net worth
Forbes, in billions of dollars
Cleveland Cavaliers
Forbes team value, bought 2005
Yearly points are from the Forbes billionaires lists, mostly the spring World's Billionaires list; the last point is the latest Forbes real-time figure, which can differ a lot from the spring list. Years without a published figure are skipped.
The businesses in detail
| Company | What it does | Size | Role and stake |
|---|---|---|---|
| Rocket Companies (NYSE: RKT) | Makes home loans, mostly online; collects payments on 9.5M loans; owns home-search site Redfin | 2025 revenue $6.695B, net loss $234M, adjusted net income $628M; 23,500 staff; market value $32.39B (7 Oct 2026) | Founder and chairman, not an executive; beneficial owner of 57.12% (filing dated 10 Oct 2025) |
| Rock Ventures | Private holding company for his other businesses | More than 110 affiliated companies | Founder, 2007 |
| Bedrock | Buys, restores and manages buildings in Detroit and Cleveland | Over $7B committed to more than 100 properties (Forbes) | Founder, 2011 |
| StockX | Online resale marketplace for trainers, streetwear and watches | Valued above $3.8B in April 2021; about 1,200 staff (2021) | Co-founder, 2015 |
| Rock Entertainment Group | Runs the Cavaliers, two minor league teams and Rocket Arena | Cavaliers 2025-26 revenue $512M, operating income $48M (Forbes) | Owner; Nic Barlage is chief executive |
How the main business makes money. Rocket lends people money to buy or refinance homes, mostly online and by phone. It earns fees when a loan is made. It also earns a monthly fee for servicing, which means collecting the payments on a loan. That servicing book covered 9.5M loans worth $2.1 trillion at the end of 2025. Rocket closed $130.4B of new loans in 2025.
Biggest deals.
- Sold Rock Financial to Intuit for $532M (1999 per Forbes, 2000 per Wikipedia), then bought it back about three years later for $64M.
- August 2020: listed Rocket on the New York Stock Exchange, raising $1.8B; he held about 79% then.
- 2025: Rocket bought Redfin for $1.75B and Mr. Cooper, a loan servicer, for $9.4B in shares at announcement.
- 2019-20: left casinos, selling Greektown in Detroit for $1B and control of Jack Entertainment to its managers.
- July 2026: sold a Cavaliers minority stake to Blue Owl's HomeCourt fund. Details are on the Cleveland Cavaliers page.
Career path
- 1985
Co-founds Rock Financial at 22 with $5,000 earned selling pizzas
- 1999
Sells it to Intuit; it is renamed Quicken Loans
- 2002
Buys Quicken Loans back
- 2005
Buys the Cavaliers for a then-record $375M
- 2010
Moves his companies to downtown Detroit; founds Bedrock in 2011
- 2016
Cavaliers win the NBA title; StockX launches
- 2020
Rocket Companies lists on the stock market
- 2025
Rocket buys Redfin and Mr. Cooper; Cleveland is awarded a WNBA team
- 2026
Sells a minority Cavaliers stake to Blue Owl's fund
Teams and sports assets
Owns now 7
- teamCleveland CavaliersNBA · basketball · USSince 2005 · majority; bought Gordon Gund's last 15% in April 2021 · $375M (reported)
- teamCleveland MonstersAHL · ice hockey · USSince 2006 · through Rock Entertainment Group
- teamCleveland ChargeNBA G League · basketball · USSince 2011 · through the Cavaliers
- teamCleveland WNBA team (starts 2028)WNBA · basketball · USSince 2025 · awarded to his group · $250M expansion fee
- arenaRocket Arenabasketball and ice hockey · USSince 2005 · operator; owned by the Gateway Economic Development Corporation
- sports businessRock Entertainment Sports Networkmulti-sport (regional TV) · USjoint venture with Gray Media
- sports business100 Thievesesports · USSince 2017 · investor
Other investments and assets
- Companies and funds: Rockbridge Growth Equity, Detroit Venture Partners, Courtside Ventures and a 2017 stake in esports team 100 Thieves.
- Property: Bedrock is the largest private landowner in downtown Detroit. Its Hudson's Detroit tower, 681 ft tall, opened in 2025.
- Family in the business: Brother Gary co-founded Rock Financial and holds a Cavaliers stake. Former wife Jennifer Gilbert holds 11.16% of Rocket and left its board on 30 September 2025.
Giving and politics
- He signed the Giving Pledge in 2012. In 2021 he pledged $500M over ten years for Detroit.
- He has given more than $95M for research into neurofibromatosis, a rare disease.
- In 2023 he announced nearly $400M for a rehabilitation facility at Henry Ford Health.
- He gives to both parties. Quicken Loans gave $750,000 to Donald Trump's 2017 inauguration; he gave $75,000 to a fundraiser for Hillary Clinton and other Democrats.
How they run their teams
- He spends when the team can contend: the 2025-26 Cavaliers had the NBA's highest payroll.
- Cleveland.com reported in December 2025 that he was unhappy with a 15-14 start and getting more involved.
- Nic Barlage leads the sports group and spoke for it on the Blue Owl deal.
What they have said
- His group decides fast, without committees; he would visit Cleveland often but not move there.
- He expected Donovan Mitchell to extend and said the young roster could compete with anyone in the East.
- Having a purpose beyond profit has made his companies more profitable, not less.
- After a White House meeting he said he had briefed the president's team on progress in Detroit and Cleveland.
- He and Jennifer Gilbert say big problems need big solutions, the idea behind their research funding and Detroit work.
Little-known facts
- At 12 he ran a pizza delivery round with neighbourhood children on bikes.
- He often paid cash for Detroit buildings because lenders would not finance them.
- Mr. Cooper began as Nationstar, a Fortress company chaired by Wes Edens, now the Milwaukee Bucks governor.
Quick answers
What is Dan Gilbert's net worth?
Forbes puts Dan Gilbert's net worth at $20B, in its real-time estimate of 26 October 2026. Forbes' figure for 2012 was $1.5B.
What NBA team does Dan Gilbert own?
He has owned the Cleveland Cavaliers since 2005. Forbes values the Cleveland Cavaliers at $5.5B (October 2026).
Where does Dan Gilbert's money come from?
Dan Gilbert, 64, founded Rocket Companies, the largest US mortgage lender, and still holds 57% of its shares.
How old is Dan Gilbert?
Dan Gilbert is 64, born on 17 January 1962.
What other teams does Dan Gilbert own?
Besides the Cavaliers, Dan Gilbert's current team holdings include Cleveland Monsters, Cleveland Charge and Cleveland WNBA team (starts 2028).
Open questions
- His exact Cavaliers percentage and the price of the 2021 Gund buyout were not found. The AP put Gund's last share at 15%; Wikipedia says 10%.
- The Blue Owl stake size (5% to 10%) and $5.5B valuation rest on one Sportico source.
- StockX's current revenue and value, and his share of it, were not found.