Mat Ishbia: The Mortgage Mogul and NBA Owner

Mat Ishbia is an American billionaire businessman who is best known as the CEO and chairman of United Wholesale Mortgage (UWM), one of the largest mortgage lenders in the United States. He is also the majority owner of the Phoenix Suns of the NBA and the Phoenix Mercury of the WNBA.

Biography

Mathew Randall Ishbia was born on January 6, 1980, in Detroit, Michigan. He is the son of Jeff Ishbia, who founded UWM in 1986. Ishbia grew up in Troy, Michigan, and attended Ernest W. Seaholm High School. He went on to play basketball at Michigan State University, where he was a member of the 2000 NCAA championship team.

After graduating from college, Ishbia joined UWM as a loan officer. He quickly rose through the ranks and was named CEO in 2012. Under his leadership, UWM has grown into a mortgage powerhouse, originating over $612 billion in mortgages in 2022.

In 2020, Ishbia and his brother Justin purchased the Phoenix Suns and Phoenix Mercury for a reported $4 billion. The purchase made Ishbia the youngest majority owner of an NBA team.

Career Highlights

  • CEO and chairman of United Wholesale Mortgage (UWM), one of the largest mortgage lenders in the United States
  • Majority owner of the Phoenix Suns of the NBA and the Phoenix Mercury of the WNBA
  • Named to the Forbes 400 list of richest Americans in 2022

Notable Work

  • United Wholesale Mortgage (UWM)
  • Phoenix Suns
  • Phoenix Mercury

Net Worth

Mat Ishbia’s net worth is estimated to be $6.9 billion.

Social Media Presence

  • Instagram: @matishbia
  • Twitter: @Mishbia15
  • Facebook: @matishbia

Personal Life

Mat Ishbia is married to Renee Ishbia. They have three children.

Hobbies and Interests

  • Basketball
  • Golf
  • Philanthropy

Controversies

Mat Ishbia has not been involved in any major controversies.

Charitable Work

Ishbia is a major supporter of the Boys & Girls Clubs of America. He also founded the UWM Foundation, which provides scholarships and grants to students in need.

Health Issues

Ishbia is in good health.

Education

  • Ernest W. Seaholm High School
  • Michigan State University

Early Career

  • Loan officer at United Wholesale Mortgage (UWM)

Upcoming Projects

Ishbia is currently working on expanding UWM’s international presence. He is also focused on growing the Phoenix Suns into a championship contender.

Style and Fashion

Ishbia is known for his casual and understated style. He typically wears jeans, a t-shirt, and sneakers.

Fan Base

Ishbia has a large and loyal fan base. He is often praised for his business acumen and philanthropy.

Political or Social Activism

Ishbia is not a vocal supporter of any particular political or social cause.

Trivia

  • Ishbia is a member of the Michigan State University Athletics Hall of Fame.
  • He is also a recipient of the Ernst & Young Entrepreneur of the Year Award.

Mat Ishbia is an American success story. He is a self-made billionaire who has achieved great things in business and philanthropy. He is also a devoted husband and father. Ishbia is an inspiration to many, and he is sure to continue to make a positive impact on the world.