Quicken founder Dan Gilbert awake, responsive after stroke
Dan Gilbert, the billionaire founder of mortgage giant Quicken Loans Inc. and owner of the NBA's Cleveland Cavaliers, is "awake, responsive and resting comfortably," a day after suffering a stroke.
"Dan was not feeling well Sunday morning so he was taken to the hospital by a family friend," Quicken Loans Chief Executive Officer Jay Farner said in an emailed statement.
"While under care at the hospital, he suffered a stroke and was immediately taken in for a catheter-based procedure, then moved to recovery in the intensive care unit."
Gilbert, 57, is a prominent Michigan real estate investor who bought several buildings in Detroit during the last U.S. recession and moved his company from the suburbs to the city, helping spark a revival in the Motor City's downtown core.
He purchased a majority stake in the Cavaliers basketball team in 2005, winning the franchise's first NBA championship with superstar LeBron James just over a decade later. Closely held Quicken Loans has grown to become the largest home mortgage lender in the U.S. and Gilbert's personal fortune now totals about $8.9 billion, according to the Bloomberg Billionaires Index.
Gilbert's companies "will continue under the normal, everyday direction of their respective CEOs," Farner said.