Mat Ishbia is a prominent figure in the mortgage industry, who is the owner of the Phoenix Suns. He is serving as both the president and CEO of United Wholesale Mortgage, one of the largest mortgage lenders in the United States. With his extensive knowledge and experience in this field, he has helped to transform UWM into the largest wholesale lender in the U.S. mortgage market.
In recognition of his extraordinary contributions to business growth and development, Mat Ishbia was ranked #234 on Forbes’ list of richest individuals – an impressive achievement indeed! It’s clear that his hard work and dedication have paid off handsomely over time.
Mat Ishbia was born in Birmingham, Michigan, on January 6th, 1980. Ishbia comes from a wealthy family, and his parents’ names are Jeffrey Alan and Joanne Ishbia. His father is the founder of United Wholesale Mortgage (UWM) in Michigan. His brother Justin owns a 22% share in the company.
Ishbia attended a private high school before getting his Business Management bachelor’s degree from Michigan State University in 2002. Ishbia, who played basketball for Michigan State University for four years, joined UWM after winning the National Championship in 2000 and reaching three Final Fours.
Mat Ishbia Career
After graduating from Michigan State University in 2003, Mat joined his father’s mortgage company as the 12th employee. He started working hard and made significant contributions to the growth of the company over the years. His commitment paid off when he was appointed president of the company in 2013.
Under Ishbia’s leadership, United Wholesale Mortgage (UWM) grew significantly, becoming America’s largest wholesale lender by 2015. This remarkable achievement was a testament to Ishbia’s vision and business acumen. In September 2020, UWM merged with a special-purpose acquisition company, marking yet another milestone for the company.
Since then, UWM has grown into a team of more than seven thousand employees and became a public company on January 22nd, 2021, under the ticker UWMC. As it stands now, UWM is currently recognized as one of America’s largest wholesale mortgage originators.
They are committed to growing their wholesale channel further while continuously improving their service offerings through industry-leading products and proprietary technology that support independent mortgage brokers.
Overall, Mat Ishbia’s leadership at UWM has been instrumental not only for his company but also for advancing innovation within the broader financial sector. As such a successful entrepreneur and businessman, he serves as an inspiration to many aspiring professionals looking to make their mark in this dynamic industry.
Mat Ishbia Biography
|Real Name||Mathew Randall Ishbia|
|Birth Date||6 January 1980|
|Age (as of 2023)||43 Years|
|Birth Place||United States|
|College||Michigan State University|
|Height||in feet inches – 5’ 9” – in Centimeters – 175 cm|
|Weight||in Kilograms – 87 kg – in Pounds – 191 lbs|
|Who is his wife?||Emily Clarke|
Mat is married to Emily Ishbia, and they have three children, two sons, and a daughter. Emily’s age or birth date is unknown, but she must be over 30 as a mother of three. Emily is a full-time housewife who practices jiujitsu at Roots Jiujitsu in her free time. She lives with her wealthy husband and children in a large mansion located in Bloomfield Hills, Michigan.
Mat Ishbia Net Worth
Mat Ishiba is a well-known name in the business world thanks to his impressive net worth. Currently, he is estimated to be worth around U.S. $5 billion, which places him at 502nd position on the list of the richest people in the world. The majority of Mat Ishbia’s wealth comes from United Wholesale Mortgage (UWM), which happens to be the largest wholesale lender in the U.S. mortgage market.
Interestingly enough, Mat has been associated with UWM for a long time as he serves as both its President and Chief Executive Officer. It was founded by his father, Jeff Ishbia, back in 1986 and has since grown into one of America’s most successful businesses.
SFS Corp., a company controlled by both Mat and his father, Jeff, owns about 94% of UWM, according to their recent proxy statement filed with the U.S. Securities & Exchange Commission. Moreover, it is essential to note that Mat Ishbia holds an impressive 75% stake in these shares which translates into approximately $500 million annually!
- Mat Ishbia enjoyed cycling and hiking and was not successful in basketball. He supports the Democratic party and is a fan of the Spartans.
- Mat Ishbia is the CEO of United Wholesale Mortgage, which is the biggest wholesale lender in the U.S. mortgage market.
- He is also among the top 500 billionaires globally.