Mat Ishbia

Mat Ishbia (#488)

Global Rank #488

Country Rank #192

Country United States

Mat Ishbia is listed among the world billionaires tracked by Iconic Billionaires.

$ 8 B
Mortgage lender
United States
M
46 Years

Snapshot

Quick Facts

Global Rank #488

Country Rank #192

Net Worth $7.7B

Previous Worth $7.7B

Worth Change +$0.0B

Country United States

Industry Mortgage lender

Age 46 Years

Gender M

Worth As Of May 4, 2026

Residence Bloomfield Hills, Michigan

Citizenship United States

World Billionaires List United States Billionaires Mortgage lender

Profile Data

Personal Stats

Age 46

Source Of Wealth Mortgage lender

Self Made Score 5

Philanthropy Score 1

Residence Bloomfield Hills, Michigan

Citizenship United States

Marital Status Divorced

Children 3

Education Bachelor of Business Administration, Michigan State University

Net Worth Change +$0.0B +0.0% from previous worth

Previous Net Worth $7.7B

Current Net Worth $7.7B

Worth as of May 4, 2026

About Me

Mat Ishbia is chairman and CEO of Michigan-based mortgage lender United Wholesale Mortgage, now UWM Holdings, founded by his father Jeff in 1986. He owns a 61% stake in the company, which went public through a merger with a blank check company in 2021. Launched as a side gig while Jeff worked as an attorney for his day job, UWM grew to become America's largest wholesale lender in 2015. Mat joined the firm in 2003 after graduating from Michigan State and became CEO in 2013. His brother Justin is also a billionaire and owns a 19% stake in the company. In 2023, the Ishbia brothers bought a majority stake in the NBA's Phoenix Suns in a deal that valued the team at $4 billion.

Achievements

Forbes List Highlights

A snapshot of the list placements and rankings connected to Mat Ishbia.

#383

Billionaires (2026)

#130

Forbes 400 (2025)

#22

World's Richest Sports Team Owners (2025)

#13

Richest U.S. Sports Team Owners (2024)

Insights

Did You Know?

Ishbia was on the Michigan State team that won the NCAA men's basketball championship in 2000 and worked alongside coach Tom Izzo for a year before joining UWM.

In 2021, Ishbia pledged $32 million to Michigan State athletics and another $14 million to help fund former football coach Mel Tucker's $95 million contract.

Wealth Growth

Net Worth Growth Over Time

Tracking Mat Ishbia's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth

Period Change Worth Movement

Current Net Worth: $7.7B (May 4, 2026)