Dan Gilbert's Net Worth Skyrocketed by $25 Billion Tuesday, Making Him World's 16th Richest Man

PHOTO BY JORDAN BUZZY
Photo by Jordan Buzzy
Dan Gilbert is now the planet's 16th-richest human being after his net worth soared by $25 billion Tuesday, fueled by speculative day-trading on the stock market.

Bloomberg reported that his single-day increase in wealth represented the biggest daily jump up in the history of their list of wealthiest billionaires alive.

Gilbert owns more than 70% of the Rocket family of companies, under which Quicken Loans, the Cleveland Cavaliers and Bedrock Real Estate are all housed, and which went public earlier this year, sending Gilbert's personal fortune into the stratosphere.

The news of Gilbert's bounty is yet another dismal reminder that as hundreds of thousands of people have died from Covid-19 and millions more have been plunged into the depths of poverty and despair, billionaires like Gilbert continue to rake in unprecedented sums. 

The City of Cleveland, the USA's poorest big city, continues to dole out millions each year for Gilbert's Rocket Mortgage FieldHouse upgrade and recently okayed another handout for his Quicken Loans branch downtown. 

We live in a broken world. There's not much more to say.

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About The Author

Sam Allard

Sam Allard is the Senior Writer at Scene, in which capacity he covers politics and power and writes about movies when time permits. He's a graduate of the Medill School of Journalism at Northwestern University and the NEOMFA at Cleveland State. Prior to joining Scene, he was encamped in Sarajevo, Bosnia, on an...
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