Michigan has some wealthy people living here. Some of the richest people in the world live in Michigan. Who is the most wealthy person in the state of Michigan?

Regardless of how someone accumulates their fortune, these folks in Michigan have deep pockets. The piles of money these people have accumulated aren't child's play. These Michigan peeps have billions upon billions of dollars in the bank.

How much is a billion dollars?

One billion dollars in U.S. currency equals 1,000 million dollars. This large numerical value holds significant importance when discussing vast quantities.

One million dollars is hard to imagine. The things I could do with one thousand million dollars would be limitless.

Who are some of the richest people in the state of Michigan?

These are the richest people in Michigan. The rankings are based on the Forbes' "2023 World's Billionaire" list. We will start with the poorest of the wealthiest in Michigan.

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#905 - Roger Penske, chairman and CEO of Bloomfield Hills-based car dealer Penske Automotive Group is worth $3.2 billion.
#636 - Little Caesars Pizza co-founder Marian Ilitch is worth $4.3 billion.
#591 - The Meijer family. The siblings were split up this year and ended up in a 20-way tie for 591. Doug, Hank and Mark are worth $4.6 billion each and ranks them alongside Mark Cuban, Charles Dolan and Jack Dorsey.
#486 - Mat Ishbia is chairman and CEO of Michigan-based mortgage lender United Wholesale Mortgage, now UWM Holdings. Matt was fun to watch when he played MSU Basketball in the early 2000's and has done well. Go Green.
#344 - Ronda Stryker, a third-generation heir and director at medical device company Stryker Corp., based in Kalamazoo. She is worth $6.9 billion. Her siblings, Jon and Pat, were #636 and #905 with $4.3 billion and $3.2 billion.
Canva/Google Streetview/Jason Miller Getty Images
Canva/Google Streetview/Jason Miller Getty Images
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Dan Gilbert is ranked #92 on Forbes’ 2023 “World’s Billionaire List,” thus making him the wealthiest person in Michigan. This guy is rolling in the cash, he's the chairman for Detroit-based Rocket Companies Inc. Dan's net worth is $18 billion. Dan didn't make his money by sitting around, he started hustlin at a young age.

  • Dan Gilbert cofounded what would become Quicken Loans, the largest mortgage lender in the U.S., in 1985 at 22 years old.
  • Quicken, which originated $320 billion in mortgages in 2020, went public as Rocket Companies in August 2020 at a $36 billion valuation.
  • He also owns the NBA's Cleveland Cavaliers.
  • He and his companies have invested $5.6 billion to purchase and rehab a swath of buildings in downtown Detroit, with a plan to create 24,000 jobs.
  • He also cofounded online sneaker sale platform StockX, which became a unicorn in 2019 and was most recently valued by investors at $3.8 billion.

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