Each year, Forbes publishes its list of the world’s richest people, allowing us all to find out with one click which of our neighbors has the largest bank account. It will come as no surprise to learn that most of the world’s richest are in positions of responsibility in finance, technology, and real estate; What may be surprising is how many of them have ties to Michigan. Here, in reverse order, we take a look at which Michigan sons and daughters have the largest wallets.
10. Marian Ilitch – Net worth: $ 3.7 billion
Marian Ilitch, an 86-year-old Detroit resident, can thank her for her wealth of pizza. In 1959, she and her late husband, Mike, founded Little Caesars Pizza; In the space of a few years, they had expanded their empire to include everything from restaurants and entertainment to sports and games. Since her husband’s death, Ilitch has maintained full ownership of the pizza chain, as well as the Detroit Red Wings and MotorCity Casino Hotel.
9. Tom Gores – Net worth: $ 4.1 billion
Entrepreneur and investor Tom Gores’ wealth comes from his position as the founding owner of the multi-million dollar private equity firm Platinum Equity, and as the sole owner of the Detroit Pistons of the National Basketball Association. The University of Michigan graduate currently has a fortune of $ 4.1 billion, making him the 504th richest person in the world.
8. Hank and Doug Meijer – Net worth: $ 6.4 billion
In 2017, brothers Hank and Doug Meijer stepped down as co-chairs of the family-owned supermarket chain Meijer, but continue to actively participate in the company as members of its board of directors. The company, which was founded by his father and grandfather in 1934, currently operates more than 230 stores in the Midwest, with estimated sales of $ 17.4 billion. Currently based in Grand Rapids, Michigan, the brothers share a wealth of $ 6.4 million.
7. Dan Gilbert – Net worth: $ 6.6 billion
In 1985, Dan Gilbert co-founded Rock Financial; Within just a few years of its inception, the company would become the largest independent mortgage lender in the U.S. In one of the fastest (and most profitable) setbacks of all time, Gilbert sold the company for $ 532 million in 1999 to Intuit (which quickly renamed it Quicken Loans); Three years later, he bought it back for just $ 64 million.
6. Eli Broad – Net worth: $ 6.7 billion
Entrepreneur and philanthropist Eli Broad took his first steps in business at the age of 20; A few years later, he co-founded Kaufman & Broad, a company that quickly became America’s most prolific home builder. In 1971, it expanded its portfolio with the acquisition of Sun Life Insurance Company of America; 27 years later, he sold it to American International Group (AIG) for $ 17.8 billion. These days, Broad is as well known for his philanthropic endeavors as he is for his business interests, but despite the large sums he has invested in medical education and research, he still has a very healthy fortune of $ 6.7 billion.
5. Stryker Round – Net worth: $ 7.1 billion
Ronda Stryker, a Portage, Michigan resident, can boast the title of the 298th richest person in the world thanks to her $ 7.1 billion fortune. As the granddaughter of Homer Stryker, founder of the medical equipment manufacturer Stryker Corporation, Stryker inherited a portion of the company after the death of her parents and currently serves as one of its directors (the only one of her siblings to do so). As Forbes notes, Stryker has a prolific history of charitable giving, having awarded $ 100 million to a new Homer Stryker medical school at Western Michigan University, and more than $ 20 million to the College’s Department of Global Health and Social Medicine. of Harvard Medicine.
4. Stephen Ross – Net worth: $ 7.7 billion
Originally from Detroit, Michigan, Stephen Ross made his fortune as president and majority owner of The Related Companies, a real estate development firm with a presence in most of the world’s major sites and a portfolio of assets valued at more than $ 60 billion. Dollars. In addition to his activities with Related, Ross owns 95% of the Miami Dolphins and Hard Rock Stadium.
3. Andrew Beal – Net worth: $ 9.9 billion
Andrew Beal was born in Lansing, Michigan, in 1952 and has since become one of her richest children. As the founder and sole owner of Beal Financial Corporation, Beal presides over a financial empire that has more than $ 7 billion in assets. The billionaire who became …