Mat Ishbia
$10.04B
$146.3M (-1.4%)
as of 07/05/24
About Mat Ishbia
Mat Ishbia is chairman and CEO of Michigan-based mortgage lender United Wholesale Mortgage, now UWM Holdings, founded by his father Jeff in 1986.
He owns a 71% stake in the company, which went public through a merger with a blank check company in 2021.
Launched as a side gig while Jeff worked as an attorney for his day job, UWM grew to become America's largest wholesale lender in 2015.
Mat joined the firm in 2003 after graduating from Michigan State and became CEO in 2013.
His brother Justin is also a billionaire thanks to his 22% stake in the company.
In early 2023, the Ishbia brothers bought a majority stake in the NBA's Phoenix Suns in a deal that valued the team at a record $4 billion.
Personal stats
Citizenship
United States of AmericaSource of wealth
Mortgage lenderResidence
Bloomfield Hills, MichiganMarital status
DivorcedBirth date
01/06/80 (age 44)Number of children
3Education
Bachelor of Business Administration, Michigan State UniversitySelf-made
inherited and growingMat Ishbia’s fortune is worth
167K
troy ounces of gold
154K
median U.S. household
100K
median U.S. income
0.201%
U.S. credit card volume
0.04%
GDP of the United States
0.03%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
Ishbia was on the Michigan State team that won the NCAA men's basketball championship in 2000 and worked alongside coach Tom Izzo for a year before joining UWM.
Net worth over time
Real-time ranking
Financial assets
NYSE | UWMC-US
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