Mat Ishbia, 41, is CEO of Pontiac-based United Wholesale Mortgage with over 8,000 employees. The company was previously known was United Shore Financial Services.
He is already a billionaire on paper and ranked 188th place on the Bloomberg Billionaires Index, which puts his net worth at just under $12 billion.
His company went public in January on the New York Stock Exchange and is valued at over $16 billion.
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Mat’s dad Jeffrey Ishbia started UWM in 1986, but nearly all of the company’s growth happened since Mat took over day-to-day control in 2013.