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Cavs owner Dan Gilbert jumps 132 spots on Forbes 400 Richest Americans list

4:18 AM, Sep 17, 2013   |    comments
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CLEVELAND -- Cleveland Cavaliers and Horseshoe Casino owner Dan Gilbert jumped more than 100 spots on the Forbes 400 Richest Americans list.

According to our sister publication The Detroit Free Press, Gilbert's net worth is listed at $3.9 billion.

He jumped to 118, up from 250 last year -- a gain of 132 spots on the Forbes list.

MORE | The Forbes 400 Richest People In America

Gilbert, 51, is the founder of Quicken Loans and a major downtown Cleveland and Detroit. He owns two of Ohio's four casinos -- in Cleveland and Cincinnati, through his company Rock Ventures and Rock Gaming subsidiary.

Gilbert also owns the minor league hockey team Lake Erie Monsters of the American Hockey League, the Arena Football League's Cleveland Gladiators and the NBA Developmental League's Canton Charge (Cavs d-league affiliate).

Three Ohioans made the list as well.

Highest ranking among them is Leslie Wexner, 76, of New Albany, who is Chairman and CEO of L Brands. His company includes stores like Bath & Body Works and Victoria's Secret. Wexner's $5.7 billion estimated net work ranks 73rd on the list.

Brookville, Ohio's Clayton Mathile, 72, ranks 273rd at about $2 billion net worth.

A little closer to home, Catherine Lozick, 68, of Cuyahoga Falls, ranks 327th on the list with $1.7 billion.

Overall on the list, Microsoft founder Bill Gates is still the nation's richest individual with a net worth of $73 billion. He has held that spot for 20 years.

EXTRA | Bill Gates stays atop Forbes list of richest Americans

He was followed by Warren Buffett, the head of Berkshire Hathaway, with $58.5 billion. Larry Ellison, the founder of Oracle, was third, with $41 billion.

Two other observations from the list: 

• The rich got richer. While many of the top rankings didn't change, the fortunes of those on the list grew. 

• The aggregate net worth went up. It increased this year to $2 trillion, up from $1.7 trillion last year, and is the highest combined value.

Gannett/WKYC-TV

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