AP Photo/Nati Harnik
- Rocket Companies, which owns Quicken Loans, went public on Thursday, boosting founder and chairman Dan Gilbert's fortune to about $34 billion.
- Gilbert is close friends with Warren Buffett and has partnered with the investor and Berkshire Hathaway CEO several times over the years.
- For example, Gilbert and Buffett pranked Quicken employees with a fake sale in 2014, Berkshire insured a $1 billion Quicken marketing stunt the same year, and Buffett agreed to finance a bid for Yahoo by Gilbert and other investors that ultimately failed.
- Visit Business Insider's homepage for more stories.
Rocket Companies' founder and chairman Dan Gilbert saw his net worth soar to $34 billion after the parent company of mortgage lender Quicken Loans went public on Thursday.
Gilbert — who is also the majority owner of the Cleveland Cavaliers basketball team and the founder and controlling shareholder of StockX, the online sneaker marketplace — now boasts a fortune roughly half the size of Warren Buffett's, according to the Bloomberg Billionaires Index.
See the rest of the story at Business Insider
NOW WATCH: What makes 'Parasite' so shocking is the twist that happens in a 10-minute sequence
See Also:
- Harding Loevner's global stock fund has trounced the market for over 30 years. Here's an inside look at the simple 4-part stock-picking criteria that helped the firm balloon to $72 billion.
- The best investing stories of July: How to win the next phase of COVID-19 — 'hidden' high-upside businesses — record-cheap value stocks
- MORGAN STANLEY: The government's recession response has the stock market heading for a massive upheaval. Here's your best strategy to capitalize on the shift.
from Business Insider https://ift.tt/33GUGdp
No comments:
Post a Comment