Mat Ishbia is a well-known American businessman and billionaire who is currently serving as the CEO and President of the United Wholesale Mortgage (UWM) company. He was born on January 6, 1980, in Birmingham, Michigan, and was raised in a businessman family. Ishbia attended Michigan State University, where he played basketball for four years, winning the National Championship in 2000. He graduated from Eli Broad College of Business in 2003 and began handling his family’s company, UWM, as its CEO and President in 2013.
Under Ishbia’s leadership, UWM has become the number one mortgage company in the US, employing over 7,000 employees. In 2021, UWM recorded an estimated net sale of $107.7 billion USD, setting a new benchmark for sales.
Ishbia’s father, Jeffrey A. Ishbia, founded UWM in 1986, and his younger brother, Justin Ishbia, holds a 23% stake in the company. Justin is also a founding partner of Shore Capital and a member of the Vanderbilt University Board of Trust and the Rush University Medical Center Board of Trustees.
Apart from his professional life, Ishbia enjoys playing basketball, a passion he developed during his university years. He is also a devoted family man and has two children with his wife, whom he has been married to for over a decade. In 2021, He made headlines for finalizing the purchase deal for the Phoenix Suns Basketball team, further cementing his position as a prominent businessman in the US.
Table of Contents
About Mat Ishbia
Mat Ishbia is a prominent American businessman who operates as the CEO and President of United Wholesale Mortgage (UWM). Since he took over the reins of the company, it has become the number one mortgage services provider in America. The group has a crew of 7,000 employees working underneath one roof at its head offices in Pontiac, Michigan.
With Ishbia at the helm, UWM has set a new benchmark for sales in 2021, with an estimated net sale of $107.7 billion USD. In this article, we will take a closer look at the life and career of this billionaire businessman.
Social Media Profiles & Wikipedia
Mat Ishbia is active on social media platforms like Twitter and LinkedIn, where he shares updates about his company and his personal life. He has a verified Twitter account with over 20,000 followers and a LinkedIn profile with over 500 connections.
Mat also has a Wikipedia page that provides detailed information about his life, career, and achievements.
Instagram- @matishbia
Linkedin- @matishbia
Twitter- @matishbia
Wikipedia- @matishbia
Facebook- @matishbia
Mcphagwara.com
Mat Ishbia Net Worth
Mat Ishbia is one of the wealthiest businessmen in the United States, with an estimated net worth of $5.26 billion USD. His wealth comes from his successful career at UWM and his investments in various other businesses.
He is also known for his lavish lifestyle and owns several properties, including a $7 million mansion in Bloomfield Hills, Michigan. He is also an avid car collector and owns several high-end vehicles.
As the CEO and President of UWM, Mat’s salary is not publicly disclosed. However, he is known to receive a substantial compensation package, including bonuses and stock options.
Early Life and Education
Mat Ishbia was born Mathew Randall Ishbia on January 6, 1980, in Birmingham, Michigan, U.S. He was raised in a family of businessmen and developed a passion for basketball early in his life. He played basketball for the Michigan State University team for four years and won the National Championship in 2000. After graduating from MSU, he attended the Eli Broad College of Business and completed his education in 2003.
Career as a Businessman
In 2003, Mat Ishbia took over the family company, United Wholesale Mortgage (UWM). The company was founded by his father, Jeffrey A. Ishbia, in 1986. Under his leadership, UWM has experienced unprecedented growth and success. In 2013, he was appointed as the CEO of the company, and he has since led it to become the largest wholesale mortgage lender in America.
Mat Ishbia’s business philosophy is centered on putting people first. He believes that happy employees lead to happy customers, and he has created a work culture that prioritizes employee satisfaction. UWM’s headquarters in Pontiac, Michigan, is equipped with state-of-the-art facilities that promote employee wellness, including a full gym, a yoga studio, and a cafeteria serving healthy food options. As a result, UWM has become one of the most desirable places to work in America.
In 2021, UWM set a new benchmark for sales, with an estimated net sale of $107.7 billion USD. The company’s success can be attributed to its innovative technology and streamlined processes, which have made mortgage lending faster, simpler, and more efficient. Under Mat’s leadership, UWM has also made significant contributions to the community, including donating $2.5 million to support COVID-19 relief efforts.
BIO/WIKI
| Full Name | Mathew Randall Ishbia |
| Birthdate | January 6, 1980 |
| Age | 43 (as of 2023) |
| Occupation | Businessman, CEO and Chairman of United Wholesale Mortgage |
| Nationality | American |
| Net Worth | $12.6 billion (as of January 2021) |
| Company | United Wholesale Mortgage (UWM) |
| Ownership Stake | Businessman, CEO, and Chairman of United Wholesale Mortgage |
| Other Ventures | Lead owner of NBA team, Phoenix Suns, Philanthropy: Pledged $32 million to Michigan State’s athletic department |
Family and Personal Life
Mat Ishbia was born to Jeffrey Alan and Joanne Ishbia. His father, Jeffrey A. Ishbia, is still operating as a founder and board member for UWM. He also has a more youthful brother named Justin Ishbia, who holds a 23% stake in UWM.
His brother Justin is a law graduate with a Doctorate in Law from Vanderbilt University Law School. His brother is also a member of the Young Presidents’ Organization (YPO) and serves on the Vanderbilt University Board of Trust and the Rush University Medical Center Board of Trustees.
Trending: Tom Seymour (PwC’s Chief) Wiki, Age, Net Worth, Wife
Height, and Weight
He stands at approximately 6 feet 3 inches tall (1.91 meters) and his weight is not publicly known.
In terms of his physical appearance, Mat Ishbia has a muscular build with broad shoulders and a defined jawline. He has short, dark hair and a neatly trimmed beard. He often wears professional attire such as suits and dress shirts for his business role as the CEO of UWM
Wife, Divorce, and Children
Mat Ishbia is a businessman and former basketball player who is married to Emily Clarke Ishbia. The couple has been together for a long time, and they tied the knot in 2014. They are proud parents of three children: two sons and a daughter. The children are all basketball players and play for their school team.
Emily Clarke Ishbia is a model, blogger, and social media personality who founded the Emily Ishbia Modeling website in 2017. She completed her education at Michigan State University, where she played soccer with a full scholarship. Emily has been a big part of Mat’s life, supporting him throughout his basketball career and business endeavors. She is described as a beautiful and dedicated wife and a loving mother.
Unfortunately, there is conflicting information regarding the couple’s current status. One source states that they are still happily married, while another source reports that they have separated and are no longer together. No official statement from either party has been made regarding the matter.
Purchase of Phoenix Suns Basketball Team
In April 2021, Mat Ishbia made headlines when he purchased the Phoenix Suns basketball team. The acquisition price was notified to be $1.5 billion USD, making Ishbia one of the youngest owners in NBA history.
Mat Ishbia’s Achievements
After completing his education, Mat joined his family’s business, United Wholesale Mortgage, in 2003. He began his career by working as a loan officer and quickly moved up the ranks. Within just four years, he became the company’s vice president of sales.
In 2013, Mat was appointed as the CEO of UWM. He quickly became a game-changer for the company by transforming it into one of the largest wholesale mortgage lenders in the United States. His innovative leadership and business acumen have helped UWM to achieve a lot of success in recent years.
Under Mat’s leadership, UWM has gone public and currently trades on the NYSE under the ticker symbol UWMC. The company has also won numerous awards, including being named the #1 wholesale lender for seven consecutive years.
In addition to his role at UWM, he is also a member of the board of trustees at Michigan State University. He is also involved in various philanthropic activities and supports numerous causes such as education, healthcare, and social services. He has completed the Investment deal for the Phoenix Suns Basketball team
In 2021, Mat Ishbia made headlines when he led a group of investors in purchasing the Phoenix Suns basketball team. The purchase was worth a reported $2.4 billion, making it one of the largest deals in NBA history.
The acquisition of the Suns shows Mat’s passion for sports and his willingness to invest in something that he is truly passionate about. The deal has also brought him a lot of attention in the media and has cemented his status as one of the most successful businessmen in the United States.
Facts About Mat Ishbia
- Mat Ishbia was a basketball player for Michigan State University and won a national championship with the team in 2000.
- He joined his family’s business, United Wholesale Mortgage, in 2003 and quickly rose up the ranks to become the company’s CEO in 2013.
- Under his leadership, UWM has become one of the largest wholesale mortgage lenders in the United States.
- Mat led a group of investors in purchasing the Phoenix Suns basketball team in 2021 for a reported $2.4 billion.
- He is one of the wealthiest businessmen in the United States, with an estimated net worth of $5.26 billion USD.
- Mat is also a member of the board of trustees at Michigan State University and is involved in various philanthropic activities.
FAQs
Where is Mat Ishbia from?
He is from Detroit.
How old is Mat Ishbia?
He is now 43 years old.