Who are the Richest Billionaires in Michigan?

By Stacker

January 11, 2023

MICHIGAN—The first billionaire ever is thought to be Standard Oil magnate John D. Rockefeller back in 1916, or perhaps Henry Ford in 1925. Fast forward some 100 years to 2021: as the COVID-19 pandemic continued to rage, a record-breaking 660 people became billionaires globally, growing the previous year’s number by 30%.

While the US is home to the most billionaires out of any other country, Americans are somewhat split in their feelings on the billionaire class. According to Pew Research Center data, Americans became somewhat more critical of billionaires between 2020 and 2021. Many Americans view the ultra-rich—as a group rather than as individuals—negatively.

Meanwhile, Amazon CEO Jeff Bezos is projected to become the world’s first trillionaire by 2026.

The US’s wealthiest billionaires are mostly concentrated within just a couple of industries: finance and investments, and technology. Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. Stacker compiled a list of the richest billionaires that are residents of Michigan, using data from Forbes. Billionaires are ranked by net worth as of Jan. 3. Forbes lists 10 billionaires in Michigan.

#10. Alan Zekelman
– Net worth: $1.7 billion (#1,675 wealthiest in the world)
– Residence: Bloomfield Hills, Michigan
– Source of wealth: steel

#9. William Young
– Net worth: $2.0 billion (#1,446 wealthiest in the world)
– Residence: Ypsilanti, Michigan
– Source of wealth: plastics, Self Made

#8. Roger Penske
– Net worth: $2.7 billion (#1,090 wealthiest in the world)
– Residence: Birmingham, Michigan
– Source of wealth: cars, Self Made

#7. Marian Ilitch
– Net worth: $4.3 billion (#627 wealthiest in the world)
– Residence: Bingham Farms, Michigan
– Source of wealth: Little Caesars Pizza, Self Made

#6. Mat Ishbia
– Net worth: $4.3 billion (#624 wealthiest in the world)
– Residence: Bloomfield Hills, Michigan
– Source of wealth: mortgage lender

#5. Mark Meijer & family
– Net worth: $4.5 billion (#592 wealthiest in the world)
– Residence: Grand Rapids, Michigan
– Source of wealth: supermarkets

#4. Doug Meijer & family
– Net worth: $4.5 billion (#592 wealthiest in the world)
– Residence: Grand Rapids, Michigan
– Source of wealth: supermarkets

#3. Hank Meijer & family
– Net worth: $4.5 billion (#592 wealthiest in the world)
– Residence: Grand Rapids, Michigan
– Source of wealth: supermarkets

#2. Ronda Stryker
– Net worth: $6.5 billion (#378 wealthiest in the world)
– Residence: Portage, Michigan
– Source of wealth: medical equipment

#1. Daniel Gilbert
– Net worth: $16.6 billion (#97 wealthiest in the world)
– Residence: Franklin, Michigan
– Source of wealth: Quicken Loans, Self Made

This article has been re-published from Stacker pursuant to a CC BY-NC 4.0 License.

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