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2020 was a good year for Michigan billionaires – the richest gained $45 billion
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Today 2:24 PM
Cleveland Cavaliers owner Dan Gilbert makes remarks during the arena renaming event where Quicken Loans Arena was officially changed to Rocket Mortgage FieldHouse, April 9, 2019, in Cleveland. John Kuntz, cleveland.comcleveland.com
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On Aug. 5, 2020, Dan Gilbert was worth an estimated $7.5 billion. On Aug. 20, he was worth $45 billion.
Forbes released its annual World Billionaires List this week, noting 86% of the world’s wealthiest people are richer than they were a year ago. The world now has 2,755 billionaires, 660 more than last year.
2020 was a good year to be a billionaire – and Michigan’s richest were no exception.
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Rep. Peter Meijer, the new GOP congressman from West Michigan s 3rd Congressional District, grew up watching The Daily Show when comedian Jon Stewart would roast lawmakers for their hypocrisy by contrasting their past comments with videos of their new change of heart.
Meijer was turned off by how politicians principles could be so squishy that they could condemn a president for doing something, but four years later praise a new president for doing the same thing just because their party is in charge. The segments made an impression on Meijer, who decided he d never act that way.