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2 Cleveland sports owners make Forbes' list of 400 wealthiest Americans

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Posted at 8:57 AM, Oct 04, 2018
and last updated 2018-10-04 09:06:46-04

The rich once again have grown richer and two Cleveland sports owners landed on Forbes' 400 wealthiest Americans list.

Coming in at the No. 71 spot, Dan Gilbert, 56, is a business mogul with his hands in the mortgage business, real estate development and a sports franchise. 

He owns the Cleveland Cavaliers and is the co-founder of Quicken Loans, the largest online mortgage lending company.

In September, news broke that Gilbert was looking to sell off his casinos. Some were surprised at reports of Gilbert looking to exit the casino business, a move that may have been speculated by his interest to own a pro football or baseball team.

Browns owners Jimmy Haslam, 64, came in at No. 302 on the list with a net worth of $2.7 billion. Haslam is also the CEO of Pilot Flying J, a truck stop company found in 1958 by his father who paid $6,000 for a gas station in Virginia.

In 2012, Haslam became the majority stakeholder of the Browns.

Haslam and Gilbert join Amazon founder and CEO Jeff Bezos who breaks Bill Gates' 24-year run at the top spot.

The minimum net worth a person must have to make it on the list is $2.1 billion. Even with these high net worths, more than a third of the country's billionaires, 204 to be exact, weren't rich enough to make it on the list. Imagine that.