Daniel Gilbert (born January 17, 1962) is an American businessman and founder of Quicken Loans and Rock Ventures. Gilbert has several sporting franchises, including Cleveland Cavaliers from the National Basketball Association, Monsters Cleveland from the American Hockey League, Cleveland Football League from Arena Football League, and NBA G League's Canton Charge. He operates the Quicken Loans Arena in Cleveland, Ohio, where the Cavaliers, Monster, and Gladiator.
Gilbert is chairman of JACK Entertainment (formerly Rock Gaming), who opened his first Horseshoe Casino (now JACK Cleveland Casino) in downtown Cleveland in May 2012.
Video Dan Gilbert
Early life and education
Gilbert was born into a Jewish family in Detroit, Michigan. He grew up in Southfield, Michigan, where he attended Southfield-Lathrup High School. He holds a bachelor's degree from Michigan State University and Juris Doctor from Wayne State University Law School, and is a member of the State Bar of Michigan. While in college, he obtained a real estate agent license and while in law school, he worked part-time at his parents' Real Estate agent.
Maps Dan Gilbert
Quicken Loans
Gilbert, realizing that the real potential is derived from the mortgage and not in selling the house, founded Rock Financial in 1985, with Ron Berman, his younger brother Gary Gilbert, and his friend Lindsay Gross. The company grew to become one of the largest independent mortgage lenders in the United States and in the late 1990s, launched its internet strategy and quickly positioned itself as the fastest-growing online mortgage lender. In the fourth quarter of 2017, the company became the largest retail mortgage lender by volume in the United States.
In 2000, Intuit Inc. software maker buy Rock Financial. It was renamed the national web operations Quicken Loans and grew substantially as the premier provider of direct home loans to consumers on the internet, offering mortgages in all 50 states. Gilbert remains in the company as CEO. In 2002, he led a small group of private investors who bought Quicken Loans and its national affiliate, Title Source, Inc., from Intuit and continued to serve as chairman of Quicken Loans, Inc.
In 2010, Quicken Loans moved its headquarters and its 1,700 employees to downtown Detroit. After moving all 3,600 Michigan-based team members into Detroit's urban core by the end of 2010, the company now has some 17,000 staff in downtown Detroit and a total of 24,000 across the country, making Detroit the largest company in Detroit, a minority company, and taxpayers.
Sports franchise ownership
In 2007, Gilbert bought the dead Hockey League American Grizzlies franchise, transferred it to Cleveland and renamed it Lake Erie Monsters (now Cleveland Monsters).
In early 2012, Gilbert became the new owner of the Cleveland Gladiators Arena Football League.
Gilbert became the majority owner of the Cleveland Cavaliers in March 2005 and made a complete overhaul of the front office, coaching staff, player personnel, and game presentations. During Gilbert's tenure, the Cavs won six Central Division championships (2009, 2010, 2015, 2016, 2017, 2018), five Eastern Conference championships (2007, 2015, 2016, 2017, 2018), and one NBA (2016) 52 years of Cleveland sports curse. Also in 2016, Gilbert's Lake Erie (now Cleveland) Monsters won the AHL main prize - Calder Cup - gave Gilbert two championships in eight days.
In 2011, Gilbert bought Thunderbirds New Mexico from what became the NBA Developmental League (now called the G League), and moved it to Canton, Ohio (about an hour's drive south of Cleveland) renaming them with Canton Charge, and making them affiliates Cavaliers.
Relationship with LeBron James
The relationship between Gilbert and LeBron James has been documented as very tense, especially since "The Letter."
"The Letter"
Gilbert received national attention July 8, 2010, when the NBA basketball superstar and native Ohio player LeBron James announced that he would leave the Cavaliers for the Miami Heat on a special ESPN television dubbed the Decision . After a special, Gilbert publishes an open letter on the Comic Sans font (dubbed nationally as "The Letter" as a counter to The Decision) to Cleveland Cavaliers fans where he strongly criticizes how James made his announcement. On July 12, 2010, NBA Commissioner David Stern fined Gilbert $ 100,000 for his statement in the letter. Gilbert has since regretted the open letter, which he wrote in 45 minutes when the emotions began to rise, and that was downgraded from the team's website after a few weeks but remained widely available on the Internet. Although some members of the media criticized Gilbert for this letter, many Cleveland Cavaliers fans embraced it because of it and even offered to pay a fine. Gilbert insists on donating money to charity.
Four years later when James opted out of his contract with Miami, Gilbert and James met privately. Gilbert apologizes to LeBron for an open letter, stating "LeBron, we have five good years together and one bad night, like a good marriage and then one bad thing happens and you never talk to each other again." James also expressed his regret to Gilbert about The Decision. The two embraced, and James then returned to Cleveland on free agent's day later. James explained his return to Cleveland in his Sports Illustrated writing I've met Dan, face-to-face, man-to-man We've been talking about it Everyone makes mistakes I make mistakes Who keeps me revenge? "
Then, in 2017 James re-visited the letter, commenting on GQ Magazine he felt the letter was racially nuanced, and in an interview with Uninterrupted, James described the letter as impolite.
Other businesses and investments
Gilbert is a founding partner in Rockbridge Growth Equity LLC (RBE) private equity group. This partnership invests in a thriving business in financial services, Internet technology, consumer direct marketing, and the sports and entertainment industries. RBE has significant investment in Gas Station TV, Robb Reports, RapidAdvance, Northcentral University, Protect America, AccountNow, Purchase Power, Triad Retail Media, One on One Marketing, and Connect America.
Gilbert is an investor at Courtside Ventures, a venture capital investment fund in early stage technology and media company with a focus on sports and founding partner of Detroit Venture Partners (DVP), a venture capital company that funded the start-up and early-stage technology company based in Detroit. [23] Some DVP companies have invested including, LevelEleven, iRule and Marxent Labs.
In addition, Gilbert recently founded StockX, a stock market for limited edition products that are in great demand such as sneakers. Gilbert is also invested and involved in the operation of several consumer technology-based businesses, including Fathead, Veritix, Xenith, StyleCaster, and Quizzle.
Gilbert launched Bizdom in 2007. Currently, the nonprofit promotes technological and brick-and-mortar entrepreneurship in Detroit and Cleveland by supporting field service providers, and leverages its relationship with Quicken Loans and the Rock Ventures Family Company to accelerate the growth and development of small businesses.
In November 2009, Gilbert and a group of partners successfully backed a statewide referendum to bring casino games to four of Ohio's largest cities. Through a joint venture with Caesars Entertainment Corporation, the groups operate urban casinos in Cleveland and Cincinnati. The first of the casinos, Horseshoe Cleveland, opened in May 2012. In 2013, Rock Ventures, an umbrella entity for Gilbert investment and real estate ownership, announced it has formed Athens Acquisition LLC, a Rock Gaming affiliate, and earned a majority interest in Greektown Superholdings Inc. , owner of the Greektown Casino-Hotel located in downtown Detroit.
According to the professional Call of Duty player Matthew "Nadeshot" Haag, Gilbert has made a multi-million dollar investment to the Nadeshot eSports team called 100Thieves.
Detroit initiative
Quicken Loans moved its headquarters and 1,700 team members to downtown Detroit in August 2010, where Gilbert and the company helped lead the revitalization of Detroit's urban core. Today, Gilbert's business employs more than 17,000 people in the city.
In 2011, Gilbert's Bedrock Detroit purchased several buildings in downtown Detroit, including the historic Madison Theater Building, Chase Tower and Two Detroit Center (parking garage), Dime Building (renamed Chrysler House), First National Building, and three buildings on Woodward Avenue. In 2012, Bedrock Detroit bought the former Federal Reserve Bank of Chicago Detroit Branch, One Woodward Avenue, 1201 Woodward (Kresge Building), and five small buildings on Woodward Avenue and Broadway Street, with a total area of ​​630,000 square feet in downtown Detroit. In 2013, Bedrock Detroit purchased 1001 Woodward office towers, several smaller buildings in the downtown area and announced, along with The Downtown Detroit Partnership and Detroit Economic Growth Group, a structuring plan to revitalize downtown Detroit.
Bedrock Detroit in downtown Detroit real estate investment covers over 90 properties (buildings and/or store front) of 15 million square feet.
In 2015, he bought the Book Tower in Detroit, MI.
In September 2013, Gilbert was appointed joint chair of the Bright Removal Task Force. The group designated by the Obama Administration, publishes a detailed plan in May 2014 to remove all the structures and buildings in Detroit City.
In September 2017, Detroit Mayor Mike Duggan appointed Gilbert to lead the committee to make a Super Bowl offer like an online giant Amazon to bring the second North American headquarters to Detroit.
Philanthropic and political donations
In September 2012, Gilbert and his wife Jennifer joined The Giving Pledge, committed to giving half of their fortune to philanthropy. Initiated by Warren Buffett and Bill Gates in 2010, Giving Pledge is a campaign to encourage the richest people in the world to make a commitment to deliver most of their wealth for philanthropic purposes.
Gilbert's eldest son was born with Neurofibromatosis. Gilbert founded two Neurofibromatosis research clinics at the Children's National Medical Center (CNMC) in Washington, D.C. and at Dana Children's Hospital at Sourasky Medical Center in Tel Aviv, Israel. Gilbert also serves on the board of the Children's Tumor Foundation, the Cleveland Clinic, and the Children's Hospital Foundation (CNMC affiliate); and is the vice chairman of the M-1 RAIL non-profit initiative dedicated to promoting light rail transport in downtown Detroit.
In 2015, Gilbert donated $ 750,000 to President Christ Christie's nomination.
In September 2016, Gilbert donated $ 5 million to Wayne State University Law School, representing the largest donation in the history of law school. In October of that year, Gilbert also donated $ 15 million for a $ 50 million Breslin Center renovation project planned at Michigan State University.
Personal life
Gilbert lives in Franklin, Michigan with his wife Jennifer Gilbert and their five children. His wife served at the Gilbert Family Neurofibromatosis Institute at Children's National Medical Center in Washington, D.C. and also serves on the ORT Council of America and the Committee of Israel and Foreign Affairs of the Metropolitan Jewish Federation of Detroit.
Awards and honors
Gilbert Company has achieved the following awards under its watch:
Quicken Loans
- 12-time winner: Highest Customer Satisfaction Award JD Power (eight for Primary Mortgage Primary, four for Mortgage Service)
- 13 times Fortune 100 Best Company to Work (2005-2017)
Cleveland Cavaliers
- 2016 NBA Champion
- Best 2016 ESPY Team Award
Monster Cleveland
- Calder 2016 Cup Winner
References
External links
- Blog Dan Gilbert: Choose Thinking
Source of the article : Wikipedia
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