Daniel Gilbert made a fortune with Quicken Loans. He founded the massive mortgage lender in 1985 when he was 22. It became the largest mortgage lender in the U.S.
Gilbert has made real estate investments in downtown Detroit, purchasing and upgrading old properties with a plan to create 24,000 jobs. He owns the pro basketball team, the Cleveland Cavaliers, and he has plans to bring a professional soccer team to Detroit.
Alice Walton is another heir of Sam Walton, founder of the Walmart superstore chain. She has a net worth of $66.9 billion. Walton is the only daughter of Walton but is one of three siblings.
She has an interest in art and opened Crystal Bridges of American Art in her birth town of Newport, Arkansas. It is a museum of modern art featuring famous works from Andy Warhol, Mark Rothko, and Norman Rockwell.
Susan Alfond inherited her wealth from her father’s business. She has a net worth of $2.6 billion. Harold Alfond established the Dexter Shoe Company after buying an old mill in Maine and converting it into shoemaking.
Susan Alfond shares the fortune with one remaining sibling. The siblings cashed out in 1993 by selling the company to Berkshire Hathaway for $420 million in stock. Alfond’s shares are worth billions in today’s market.
Mack C. Chase
In New Mexico, Mack Chase is the wealthiest resident with $700 million in net worth. The oil and gas tycoon hit black gold in the Permian Basin oilfields of Texas and New Mexico. Chase first began working on wells with his father and brother and then went off on his own in 1968.
In 1979, The self-made oilman partnered with John Grey and founded Marbob Energy with a pumping service company in southeast New Mexico. Chase split with Gray and branched out into Mack Energy Corp., a new firm.
Hedge fund manager John Overdeck is also co-founder and co-chairman of a New York City firm, Two Sigma Investments, that manages $66 billion. It is a data-driven hedge fund that uses algorithms and lots of data to price securities. At age 16, Overdeck was a math whiz who won the International Mathematical Olympiad.
In 2019, Forbes named him one of the wealthiest hedge fund managers. With a net worth of $6.5 billion, Overdeck is New Jersey’s top dog. He supports many charitable causes and has donated $195 million to his philanthropic foundation.