Thursday, September 22nd, 2011 at 9:15 am  |  10 responses

Cavs Owner Dan Gilbert Ranked Among 400 Richest Americans

Despite having absolutely lost his mind when LeBron James left Cleveland, Cavs owner Dan Gilbert appears to have done OK for himself ever since. From the News Herald and ESPN: “Dan Gilbert can’t be mentioned in the same financial breath with moguls Bill Gates or Warren Buffett, but the Cavaliers majority owner is still one of the richest men in Michigan with an estimated net worth of $1.5 billion. The 49-year-old was ranked 293rd in Forbes 400’s richest Americans on Wednesday.”

“Losing LeBron didn’t seem to affect Cavs owner Dan Gilbert’s bottom line. He’s back on Forbes 400 for 1st time since ’07 at $1.5 bn. Appears Forbes has added around 50% to Gilbert’s net worth in last year no less. Lost LeBron but meanwhile he now owns 2 casinos in Ohio. Regardless of what Cavs franchise value is now, he used team popularity to get voters to give him sweetheart casino deal.Can’t be dismissed.”

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  • http://www.thestranger.com/seattle/deeply-embarrassed-white-people-talk-awkwardly-about-race/Content?oid=9747101 Allenp

    You mean he’s a hypocrite?

  • http://www.slamonline.com UNFROZEN CAVEMAN LAWYER


  • T-Money

    losing lebron doesn’t affect him because he had him when it was time to vote on those two casinos. that’s why i don’t take the numbers seriously – they don’t account for collaterals. there is no way dan gilbert, a detroit guy, gets to build two casinos in ohio if he doesn’t own the cavs. none.

  • LA Huey

    Allenp, “hypocrite”?

  • http://cnbc.com JTaylor21

    Is this the same dummy that tried to play the victim after Bron left?

  • bike

    Something tells me that most, if not all, nba owners would rank pretty high in the richest department. Don’t why they highlight this guy. And most nba owners dabble in a lot of other things that make money so Gilbert purchasing a couple of casinos is no big deal.

  • http://slamonline.com nbk

    He owns a basketball team. If he got to that point he clearly understands how to make money without LeBron James. The fact that he is a deceitful *sshole well, that has been obvious since july 2010, at the latest.

  • Rik Smits Mullet

    Yeah so lets a agree that this fool doesnt need more money.
    End this lock out now owners.
    Owning a sports team is the dumbest investment ever.
    Let the season start greedy owners.

  • Allenp

    He pretended like Bron shafted him when Bron actually made him millions with helping those casino deals go through forget about the Cavs.

  • daveh

    Gilbert puts the scum and the bag into scumbag. Why many delusional Cavs fans (what’s left of them) and hypnotized local media shills like Terry Pluto still kiss that guy’s lying ass, I have no idea.