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Mat Ishbia

Mat Ishbia

Mat Ishbia (#648)

Global Rank #648
Country Rank #257
Country United States

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

  • $ 6 B
  • Mortgage lender
  • United States
  • M
  • 46 Years

Snapshot

Quick Facts

Global Rank #648
Country Rank #257
Net Worth $6.3B
Previous Worth $6.3B
Worth Change +$0.0B
Country United States
Industry Mortgage lender
Age 46 Years
Gender M
Worth As Of May 4, 2026
Last Refreshed 24 Jul 2026, 12:00 AM
Residence Bloomfield Hills, Michigan
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 $6.3B
Current Net Worth $6.3B

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.

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: $6.3B (May 4, 2026)

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