He oversees more than 25 companies with around $13 billion in assets through his Beverly Hills-based private equity firm Platinum Equity LLC. Although the manufacturing industry employs roughly 18.5% of the workforce in Birmingham, according to DataUSA, incomes are high in the city due likely to the fact that 26.3% the largest proportion of the workforce is employed in management occupations. 31 on last years ranking. The Wall Street Journal's Future Of Everything Festival, Fans Surprised to See Justin Bieber Hanging Out in Downtown Detroit This Week, Flints Claressa Shields Earns Spot on the 2022 Forbes 30 Under 30 List, 5 Michigan Billionaires Make the Big Forbes Wealthiest List for 2021, Kanyes Film, Kims Billions, & No Rocky : The Dish. Marian Ilitch- Net worth: $4.3 billion (#630 wealthiest in the world) Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. To put things in perspective, Daniel Gilbert, the owner and co-founder of Quicken Loans and the wealthiest man in Michigan, according to Forbes, has a net worth of $51.9 billion. 1,511 with $1.5 billion. Now, its Michigans turn. Top 10 Highest-grossing Live Concert Tours Of 2023: From - Forbes India Roger Penske: Chairman & CEO Penske Automotive Group- Net Worth $3.2 billion. These days, Broad is as well known for his philanthropic endeavors as his business interests, but despite the large sums hes plowed into education and medical research, he still sits on a very healthy fortune of $6.7 billion. But first, some notes about Census data: The Census Bureau measures median household incomes up to $250,000, with households earning more being denoted as $250,000+. What could Joe Bidens economic plans mean for Michiganders? Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. He sold the company to financial software company Intuit Inc. for $532 million in 1999, but bought it back three years later for $64 million. Quicken, which originated $320 billion in mortgages in 2020, went public as Rocket Companies in August 2020 at a $36 billion valuation. Besides that sector, healthcare and education employ a large proportion of the workforces of Michigans richest cities. The List is Out: These Are the 10 Richest People in Michigan for 2023 Lisa Marie Published: April 6, 2023 Money With the cost of just about everything hitting record highs, many are feeling the pinch in their wallets when it comes to some expenses. Angela Mulka , angela.mulka@hearstnp.com. Ranked at No. To top things off, Array took on $575 million of new debt to pay the investment vehicle an additional $589 million special cash dividend. Both Lake Angelus and Bloomfield Hills have median property taxes paid in excess of $10,000 a year. After guiding the company through the dot.com crash and the rise of competitors like Google and Apple, Ballmer left the company in 2014 to refocus his efforts on philanthropy (according to Forbes, hes donated over $2 billion to charity, something that, while significant, has barely scratched the surface of his $51.4 billion fortune), and the NBAs Los Angeles Clippers, which he bought in 2014 for a reported $2 billion. In 1985, Dan Gilbert co-founded Rock Financial; within just a few short years of inception, the company would grow into the largest independent mortgage lender in the US. - Residence: Ypsilanti On the other end of the spectrum, No. Its not killing them at all.. Formerly known as Rap Genius, the digital media site was originally launched with a hip-hop focus to allow, Read More 10 Things You Didnt Know About Rap Genius Founder Tom LehmanContinue. restrictions, which you can review below. Race driver turned car dealer Roger Penske landed at No. 905 with $3.2 billion. The Detroit News View Comments Five Michigan billionaires have made Forbes list of the 400 wealthiest Americans for 2021 and the names aren't much of a surprise. In conjunction with research firm Statista, Forbes conducted an anonymous survey of 70,000 Americans who work for companies of 500+ employees. The Latest Census Data Shows The Richest Cities In Michigan - Forbes Ronda Stryker Net Worth: $7.1 billion, 4. Real Time Billionaires - Forbes A native of Detroit, Michigan, Stephen Ross made his fortune as the chairman and majority owner of The Related Companies, a real estate development firm that has a presence in most major sites across the world anda portfolio of assets valued at over $60 billion. The proposed annual tax would charge 2% on a persons wealth between $50 million and $1 billion and 3% on all wealth above $1 billion. He and his father William P. Young, who bought Absopure Water Co. Inc. in 1957 founded the company in 1967, shortly after Young graduated from the University of Detroit Mercy. (February 2018) Note: The list includes families who, according to reliable sources, have a combined net worth of 1 billion US Dollars and above. Its easier to make money when youre wealthy, said Frank Clemente, executive director of Americans for Tax Fairness. 10 richest people in Michigan in 2020 - Tuko.co.ke - Tuko News A total of six Michiganders appear on the Forbes 2021 list of the 400 wealthiest Americans. Doug Meijer & family (tie)- Net worth: $4.6 billion (#586 wealthiest in the world) Her son, Bill Ford Jr., is executive chairman of the automaker. This Week In Credit Card News: Changes In Amazons Credit Cards; Is Goldman Sachs Ending Apple Partnership? Their grandfather Hendrik, a Dutch immigrant, started the companyback in 1934. A year later, Gores launched a $25 million economic development program called FlintNow. Another granddaughter, Pat Stryker is worth $2.2 billion and comes in at No. Forbes lists 10 billionaires in Michigan. President Joe Biden unveiled his plan last month to reverse some of Donald Trumps tax cuts for corporations. Opinions expressed by Forbes Contributors are their own. In the No. Is It Against the Law to Drive Barefoot in the State of Michigan? Rocket Companies Inc. Chairman Dan Gilbert speaks at Crain's Newsmakersluncheon in February 2020. The 61-year-old Gilbert is in good company rounding out the 10 Richest People in Michigan with the following; As you can see, it's a bit of a family affair when it comes to Michigan's billionaire club. By browsing this site, we may share your information with our social media partners in accordance with our Privacy Policy. Together thecouple founded Little Caesars Pizza in 1959. On Aug. 5, 2020, Dan Gilbert was worth an estimated $7.5 billion. Gilbert's net worth is listed by Forbes as$30.9 billion. Tied with Broad, Dan Gilbert, Quicken Loans Inc. chairman, landed at No. Estimated wealth tax, if passed: $295 million, United Wholesale Mortgage (NYSE: UWMC) Rings The Opening Bell The New York Stock Exchange welcomes United Wholesale Mortgage (NYSE: UWMC), today, Friday, January 22, 2021, in celebration of its listing. Did you know the franchise had a name-the-team contest to come up with their moniker? - Residence: Bloomfield Hills He is the CEO of Plymouth-based plastic container maker Plastipak Packaging Inc. - Residence: Grand Rapids Page co-founded the internet search engine company in 1998. While millions struggled through the pandemic, the rich got richer. Here are the 5 richest people in Michigan. We had to chuckle and lacked some empathy, when the article stated, "Nearly half of all billionaires are poorer than they were a year ago", yet still were billionaires. 298 on Forbes' list with $5.8 billion. Marian Ilitch and her late husband, Mike, co-founded Detroit-based Little Caesars Pizza in 1959. Copyright 2023 by WDIV ClickOnDetroit - All rights reserved. Roger Penske,chairman and CEO of Bloomfield Hills-based car dealerPenske Automotive Group, rose 148 spots to No. She placed No. Ronda Stryker- Net worth: $7.1 billion (#316 wealthiest in the world) 3, followed by Bill Gates at No. share our stories with your audience. UWM went public on the stock exchange in January, elevating his wealth similar to Gilberts. Not related to the Stryker family, Brown was the company's former CEO. The name Buccaneers was, Read More The Five Most Expensive Tampa Bay Buccaneers Jerseys Ever SoldContinue, The power of digital media is undeniable, and one company that has shown this fact is Genius. 2020 was a good year to be a billionaire and Michigans richest were no exception. Dan Gilbert: Rocket Companies- Net Worth $18 billion, Ronda Stryker:Stryker Corp- Net Worth $16.9 billion, Mat Ishbia:Wholesale Mortgage Chairman and CEO- Net Worth $5.4 billion, Doug Meijer: Meijer- Net Worth $4.6 billion, Mark Meijer: Meijer-Net Worth $4.6 billion, Hank Meijer: Meijer- Net Worth $4.6 billion, Marian Ilitch:Little Caesars Pizza- Net Worth $4.3 billion, Jon Stryker: Stryker Corp- Net Worth $4.3 billion, Pat Stryker: Stryker Corp- Net Worth $3.2 billion. For a select few, though, those unaffordable expenses seem like pocket change. These folks dont make their wealth from their paycheck, they make their wealth from their assets.. Those on the list saw their fortunes increase by more than $5 . Hank and Doug Meijer. - Residence: Portage Forbes lists 9 billionaires in Michigan. John Overdeck, founder of Two Sigma Investments hedge fund, is the wealthiest person in N.J. with a net worth of $6.1 billion, according to Forbes. Collectively, the wealthy on the Forbes list had a net worth of $875 billion, which the magazine says set a new record. The list included ten richest currently living in Michigan, which is two fewer compared to the Forbes list. Stryker has a net worth of $7.5 billion with a 6 percent stake in the company that she inherited from her parents, Forbes said. 591. Portage, Michigan, resident Ronda Stryker can boast the title of 298th richest person in the world thanks to her $7.1 billion fortune. Licensed under CC BY-SA 3.0 via Wikimedia Commons, By BrokenSphere (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons, "Justin Verlander, Mike Ilitch and Alex Avila" by Dave Hogg on Flickr - Originally posted to Flickr as "No Hitter Awards". News Here are the 5 richest people in Michigan Angela Mulka , angela.mulka@hearstnp.com Oct. 8, 2021 Comments On Forbes' annual list of billionaires in 2021, membership rose to 2,755 people,. Richest Billionaires in Michigan | Stacker Interestingly, Orchard Lake Village is the only place among the top 5 richest cities in Michigan where the median property taxes paid by homeowners is less than $10,000, at approximately $8,258 per year. He resides in Franklin. Indeed, Michigan is a beautiful state with its fair share of very wealthy cities. 5 Michiganians make Forbes list of wealthiest Americans Serena enjoys learning about language and culture and taking road trips with her beagle Ralph. 158 with $9.1 billion. Mat Ishbia, president and CEO of United Wholesale Mortgage, is new to the list in 2021. He edged out Jeff Bezos, whose wealth stems from Amazon, by $100 billion. Ann Arbor, home of the University of Michigans main campus, managed to make the top-50 list of the richest Michigan cities, coming in at No. 6 Grand Beach is located deep in southwestern Michigan, astride Lake Michigan near the Indiana border. The 400 richest Americans have a massive amount of wealth. At the same time, however, more than a quarter of the workforce (26.6%) are employed in management occupations, according to DataUSA, which helps explain the high incomes there. Roger Penske. 4 richest city in Michigan is Orchard Lake Village, also a suburb of Detroit, northwest of the city. The founder of Quicken Loans, owner of the Cleveland Cavalier and a real estate mogul who's used some of his fortune to buy up dozens of downtown Detroit properties, Gilbert is worth $4.7 billion and ranks 341st in the world. Thank you! Who is the richest person in NC? SAS founder James Goodnight | Raleigh