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Dan Gilbert (Company photo)
Bloomberg Businessweek writes about Rocket Companies Chairman Dan Gilbert and his challenges in the mortgage business, his philanthropy, his wealth, and his desire to fully recover from a May 2019 stroke and walk again.
Reporter Brad Stone writes in the story titled: “Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again”:
Six years ago, he suffered an ischemic stroke on the right side of his brain while watching a light show over the city’s river. He lost the use of the left side of his body and has been undergoing intensive physical rehabilitation ever since—taking testosterone shots to stimulate muscle growth and stem cell injections to turbocharge his brain’s healing.
Just recently, he took a few unaided steps without a cane. “It’s been a rough, rough ride, a slow comeback,” he says in a Detroit conference room adorned with paraphernalia and trophies from the Cleveland Cavaliers, the NBA team he purchased in 2005. Gilbert uses a wheelchair much of the time, standing only with an occupational therapist by his side to greet a visiting reporter...
The publication also discusses Gilbert’s philanthropy, urban development efforts, and role in professional sports, writing that “he has either spent or committed $7.5 billion to revitalize Detroit, his hometown, and Cleveland, where he bought the Cavs and naming rights for its basketball arena."
The publication notes that Gilbert, who is worth about $30 billion, would like to give away his fortune while he’s still alive.
“One thing that people don’t realize is that it’s fun building it, but it’s more fun to give it away. It really is,” he tells Businessweek.
To read the full story, click here. (Bloomberg requires a subscription to read)
