MAT Ishbia just made a big deal to become the owner of two basketball teams.
But what is his net worth? Here’s everything you need to know.
Who is Mat Ishbia?
Mat Ishbia is the Chairman and CEO of an independent mortgage broker.
Michigan-based United Wholesale Mortgage (UWP) was founded in 1986 by Mat’s father.
Mat grew into America’s largest wholesale lender in 2015 and now owns a 71 percent stake in it.
After graduating with a Bachelor of Business Administration from Michigan State University, he joined in 2003 and quickly became CEO just 10 years later.
Mat shared his career path on his LinkedIn page: “Over nineteen years ago, I combined my passion for people and teamwork to build the #1 mortgage lender in the nation, where team members are encouraged to be themselves and award-winning to be family culture is lived.”
He added: “At our firm we treat our team members and brokerage partners like family and we believe that great things happen when you are willing to work hard and have a positive attitude.
“We are committed to growing the wholesale channel and are always looking for new ways to enhance our industry-leading service, products and proprietary technology to further support independent mortgage brokers.”
On December 20, 2022, Mat and his brother Justin, who owns 22 percent of UWP, signed a deal to become the primary owners of two basketball teams.
The $4 billion deal will see them replace Robert Sarver on the NBA’s Phoenix Suns and hold a majority stake in the WNBA’s Phoenix Mercury.
Mat, who was born in January 1980, played for the Michigan State basketball team for four years.
He competed in three Final Fours and won the National Championship in 2000.
He also spent a year coaching alongside Tom Izzo.
What is Mat Ishbia Net Worth?
According to Forbes, Mat’s net worth is $4.7 billion.
He is the 555th richest person in the world.
Despite the wealth, however, he has lost nearly $5 billion in 2022.
Mat inherited much of his fortune after his lawyer father, Jeff, started the business when his son was about six years old.
Who is Mat Ishbia’s wife Emily and do they have any children?
Mat’s wife Emily is a model and blogger.
The couple has been married since 2014.
Emily, who is in her 30s, is active on social media and has over 25,000 Instagram followers.
Her estimated net worth is between $1 million and $5 million.
The couple have three children together.
https://www.the-sun.com/news/6961332/what-is-mat-ishbias-net-worth/ What is Mat Ishbia Net Worth?