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  1. #1
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    Default Quiet wealth in Metro Detroit? 9-figure families still left?

    We don't really hear about people outside of the billionaires:

    Hank & Doug Meijer of Grand Rapids, $8.3 billion (Meijer)
    Richard DeVos of Holland, $6.8 billion (Amway)
    Dan Gilbert of Franklin, $3.9 billion (Quicken Loans)
    Michael and Marian Ilitch of Bingham Farms, $3.2 billion (Little Caesars)
    Ronda Stryker of Kalamazoo, $3 billion (Stryker)
    Alfred Taubman of Bloomfield Hills, $2.7 billion (real estate)
    John Brown of Kalamazoo, $1.5 billion (Stryker)
    Matty Moroun of Grosse Pointe, $1.5 billion (trucking/bridge)
    William Ford Sr. of Grosse Pointe $1.4 billion (Ford)
    John Stryker of Kalamazoo, $1.4 billion (Stryker)
    Roger Penske of Bloomfield Hills, $1.3 billion (auto)
    Manoj Bhargava of Farmington Hills, $1.1 billion (Five-Hour Energy)
    Peter Karmanos of Orchard Lake, $1 billion (Compuware)
    Are there many 9-figure net worth people/families that *still* call Metro Detroit home?
    Last edited by mark.vandorn; November-06-13 at 01:28 PM.

  2. #2
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    Quote Originally Posted by mark.vandorn View Post
    Are there many 9-figure net worth people/families that *still* call Metro Detroit home?
    Yes, there are. Metro Detroit is in the Top 10 of U.S. metros by number of high-net worth individuals.

    There's lots of money in the area. It may be less obvious than in some other metros, but the auto industry still throws off serious wealth.

  3. #3
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    Daniel & Janet Aronoff of Bloomfield Hills, $X00 million (RE developer)
    Sam Bernstein & family of Bloomfield Hills, $X00 million (lawyer)
    Karen Davidson of Bloomfield Hills, $X00 million (widow)
    Art Van Eslander of Grosse Pointe, $X00 million (Art Van)
    Joel Ferguson of Lansing, $X00 million (RE developer, MSU Trustee)
    Alon Kaufman of West Bloomfield Twp, $X00 million (HoMedics)
    Ilija Letica of Bloomfield Hills, $X00 million (Letica Corp)
    Richard Manoogian of Grosse Pointe, $X00 million (inherited/Masco)
    Bill & Ray Nicholson of Rochester Hills, $X00 million (RGIS)
    William Pulte of Bloomfield Hills, $X00 million (Pulte Homes)
    John Rakolta of Bloomfield Hills, $X00 million (RE developer)
    Andra Rush of ???, $X00 million (Rush trucking co)
    Anthony Soave of Grosse Pointe, $X00 million (construction/waste)
    Possibly 9-figures:
    Bob Ritchie (Kid Rock) of Clarkston, $X00 million (musician)
    Bob Seger of West Bloomfield Twp, $X00 million (musician)
    Marshal Mathers (Eminem) of Clinton Twp, $X00 (musician)
    Last edited by mark.vandorn; November-06-13 at 01:12 PM.

  4. #4
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    Quote Originally Posted by Bham1982 View Post
    Yes, there are. Metro Detroit is in the Top 10 of U.S. metros by number of high-net worth individuals.

    There's lots of money in the area. It may be less obvious than in some other metros, but the auto industry still throws off serious wealth.
    Help the thread and rattle off a few. Some are probably more obvious than others, but depending on where you grew up and what you and your family is involved in, they might not be obvious to others.

  5. #5
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    Yup, when it comes to metropolitan regions with lots of capital, metro Detroit is richly endowed.

    So our regional problems are not about money ...

  6. #6
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    Quote Originally Posted by Detroitnerd View Post
    Yup, when it comes to metropolitan regions with lots of capital, metro Detroit is richly endowed.

    So our regional problems are not about money ...
    Wait, the wealth isn't trickling down?????

  7. #7
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    Quote Originally Posted by motz View Post
    Wait, the wealth isn't trickling down?????
    That's not wealth!!!

  8. #8
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    DetroitPlanner.... $275.98! Wait, DTE gets $45... make that $230.98.

  9. #9
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    Found this incredible 2005 Detroit Yes post, by users: Dream and Dsmith. Not sure how many on this list are actually high-net worth, have fallen off since recession, died, or have since moved out of Michigan:

    Bloomfield Hills:
    Terry Adderley - Kelly Services

    Eugene Applebaum
    - Arbor Drugs

    William F. Pickard
    - Regal Plastics

    Richard Dauch
    - American Axle & Gear

    Anthony F. Earley, Jr.
    -CEO/DTE
    Robert J. Eaton
    Gary Cowger
    -GM
    John Devine
    -GM

    Irma Elder
    - Car Dealer
    - Elder Ford/Jaguar
    David Handleman
    -Handleman Company

    John Rakolta (Terry)
    - Walbridge & Aldinger

    David Fischer
    - Car Dealer
    - Suburban Collection
    Marilyn Kelly
    - MI Supreme Court justice

    Geoffrey Nels Fieger
    - Attorney

    Henry Baskin
    - Attorney

    Eugene Hagopian

    Thomas Celani
    - Casinos

    Richaed Golden
    -DOC

    J. T. Battenberg
    - Delphi Automotive

    Wayne Cherry
    -famed auto designer

    Kenneth Whipple
    - COB - CMS Energy

    Anton Letica
    -Letica Corp.

    Grosse Pointe:
    William Clay Ford (Martha Firestone) GPS
    - Billionaire
    - Detroit Lions

    Richard Manoogian GPF
    - Billionaire
    - MASCO

    Manuel J. “Matty” Moroun GPS
    - unconfirmed net worth of over $600 million per Forbes
    -owns the Ambassador Bridge, 5% of Detroit-Windsor Tunnel
    -owns CenTra Inc. - fifth largest private trucking company in US
    - owns portion of Citizens Bank, owns an insurance company and large parcels of land in southwest Detroit including Michigan Central Depot

    Elena A. Ford (Joseph D. Rippolone) GPF
    - Elena is Director of Ford’s North American product marketing, planning & strategy
    - great great granddaughter of Henry Ford
    - daughter of Stavros Niarchos & Charlotte Ford

    Archie Arthur Van Elslander GPS
    -Art Van Furniture
    -4th largest furniture retailer in the U.S.

    John A. Boll, Sr. (Marlene) GPS
    - Chateau Communities, Inc. - Publicly traded on NYSE as CPJ, operates as a REIT
    -owns 212+ manufactured home sites (70,000+ homes)
    and 1,400+ park model/RV sites
    -operates in 36 states
    - helped fund new downtown YMCA

    Ralph C. Wilson, Jr. GPS
    -Buffalo Bills
    -insurance
    -Ralph C. Wilson Enterprises - diversified management and investment
    company with interests ranging from highway construction to venture capital to
    ownership of 2 TV stations and construction co. in Denver

    Paul D. Alandt (Lynn McNaughton Ford) GPS
    - Car Dealer
    - Lynn is the daughter of the late Benson Ford

    Edsel Bryant Ford, II (Cynthia Layne Neskow) GPF
    - Ford heir
    - great grandson of Henry Ford
    - CEO/President - Pentastar Aviation

    Anthony L. Soave GPF
    -former owner of City Management Corp,
    -sold company in 1997 for $780 million

    Robert G. Liggett, Jr GPS
    -Elias Bros. Restaurants Inc. owner of “Big Boy” restaurants

    John W. Stroh, III GPF
    - Stroh Companies, Inc.

    James B. Nicholson GPF
    - PVS Chemicals Inc.

    Maurice M. Taylor GPF
    - Titan Wheel International, Inc.
    -world's largest producer of wheels for off-road vehicles
    -1996 Republican Presidential Candidate

    Michael J. Malik GPS
    -casinos

    Anita Baker GPC
    (Walter Bridgforth, Jr.)
    - Anita - famed singer, second most Grammys won by
    a female artist after Aretha Franklin
    - Walter Bridgforth, Jr. - WBBJ Investment Co./Developer

    Keith E. Crain GPC
    - Crain Communications

    Gretchen Carhartt Valade GPF
    -Carhartt Inc. heiress
    - Mack Avenue Records
    -recent $10m donation to Detroit Jazz Festival

    Mark R. Valade GPF
    - son of Gretchen Carhartt Valade
    - CEO & President/Carhartt, Inc.

    Ted Gatzaros GPP
    Dimitrius “James” Papas GPS
    -developers and former business partners
    in 2000 sold interest in Greektown Casino
    for $212 million
    Nico Gatzaros GPC

    Cullan F. Meathe GPF
    - Metro Cars, Inc.

    Atanas Ilitch GPF
    - Olympia Development

    Thomas Lee Schoenith GPC
    - The Roostertail

    Todd V. Callewaert GPF
    - Owner/Island House Hotel on Mackinaw Island and Rybas Fudge Shops

    Joseph P. Kaiser GPF
    - Gallagher-Kaiser Corp.
    Robert S. Kaiser GPP
    - President/Gallagher- Kaiser Corp

    Edward K. Christian GPF
    -Saga Communications Inc.
    -radio broadcast co. which owns
    13 FM & 8 AM radio stations

    Peter A. Schweitzer GPF
    -Chairman/ J. Walter Thompson Co.
    -former CEO/President of J. Walter Thompson Co.

    Richard S. Crawford GPF
    -The Crawford Group, LLC
    Alfred R. Glancy, III GPF

    Matthew P. Cullen GPS
    - GM

    James E. Brock, Jr. GPF
    - Middleton Moldings

    Kirk H. Gibson GPF

    Richard Golden GPP
    -Golden Form Inc.

    John M. Olson GPF
    - JM Olson Co.

    Anthony J. Selvaggio GPF

    Chester “Chet” A. Huber GPF
    -President - OnStar Corporation

    Robert E. Marowske GPF
    -Flame Furnace Co. (founder & CEO)
    -MI's largest heating & cooling contractor

    Mathew J. Moroun GPF
    - Vice Chairman/CenTra Inc.

    William P. Vititoe GPC
    - Director/Comerica

    Jack Perlmutter GPF
    - famed interior designer/Perlmutter-Friewald, Inc.
    Daniel Clancy GPF - famed interior designer/Perlmuter-Friewald, Inc.
    Dexter Joseph “DJ” Kennedy GPC
    - famed interior designer
    Dominic C. Pangborn GPS
    -Pangborn Designs
    -best known for ties

    William C. Rands III GPC
    -Rands Investment Co.
    -Sagres Partners, LLP

    James Randolph Agley GPP
    - Talon Inc.

    Gebran S. Anton GPC
    -Anton, Zorn & Associattes
    -commercial & industrial real estate brokerage
    -helped redevelop downtown Mount Clemens

    William F. Coyro, Jr. GPP
    -National TechTeam Inc.

    Robert E. McCabe GPW
    - retired President of Detroit Renaissancee (71-93)
    - helped start the Detroit Grand Prix, Montreaux Detroit Jazz Festival, assisted in creation of Hart Plaza, completion of Renaissance Center
    -Detroit News - 1982 Michiganian of the Year

    Mariam C. Noland GPF
    - President/Community Foundation for Southeastern MI

    Thomas R. Andris GPP
    -Arrow Uniform Co.
    Roger Fridholm GPP
    - Of Counsel Enterprises, Inc.

    Paul J. Stanford GPP
    -Car Dealer/Les Stanford Chevrolet
    Kenneth G. Meade GPP
    - Car Dealer
    -The Meade Group Inc.
    -Meade Lexus-Lamborghini, Pointe Dodge, Champion Chrysler, Cars & Cars Inc.
    Gordon L. Stewart GPS
    -Car Dealer
    Joseph Ricci GPF
    - Car Dealer
    Arthur J. Roshak GPF
    -Car Dealer

    Maura D. Corrigan GPP
    - Chief Justice of MI Supreme Court
    Robert P. Young, Jr. GPP
    - MI Supreme Court Justice
    John P. Jacobs GPF
    - Attorney
    - appellate defense attorney
    - referred to as “The Anti-Fieger”
    - has defeated Geoff Fieger
    in 12 out of 13 appeals

    Edward Irving Book GPS
    Herbert V. Book, Jr. GPC
    John Lord Booth II (Rebecca) GPS
    Ralph Harmon Booth II
    -Booth American Co.
    Louise C. Booth GPF
    Cynthia Book Bowen GPF
    Kevin P. Broderick GPF
    Wilber Marion Brucker, Jr. GPF
    Thomas Christian Buhl (Lindsay Zeder Ford) GPF
    - Thomas: - son of Lawrence D. Buhl, Jr.
    - Lindsey - great-great-granddaughter of Henry Ford
    Thomas Campau, Jr. GPC
    William R. Chapin GPC
    Frank Couzens III GPF (deceased)
    C. Howard Crane, II GPF
    -heir of famed architect
    Timothy M. Crowley GPP
    Mary Anne Dodge Donaher
    - Dodge heir
    Peter Anthony Dow GPF
    Lawrence DuMouchelle GPF
    Charles Thomas Fisher III GPF
    -Fisher Body heir
    -former CEO of NBD
    Alfred J. Fisher, Jr. GPS (deceased)
    -Fisher Body heir
    Alfred J. Fisher III GPF
    -Fisher Body heir
    -President/Fisher & Co.
    Michael R. Fisher GPF
    -Fisher Body heir
    -Fisher & Co.
    Walter Briggs Fisher GPF (moved out of state?)
    John Battice Ford, III GPF
    Walter Buhl Ford, III GPS
    Emory Moran Ford, Jr. (Anne Virginia Fisher) GPF (deceased)
    Harvey C. Fruehauf, Jr. GPF (moved out of state)
    H. Richard Fruehauf, Jr. GPF
    -HRF Resources, Inc.
    -Fruehauf Trucking
    H. Richard Fruehauf, III GPF
    Christopher Gamble GPF
    Stephanie Germack GPF
    - Germack Pistachio Company
    Hugo Scherer Higbie (Marion Chapin) GPF (deceased, heirs still living)
    - Higbie Maxon Agney
    George M. Holley, Jr. GPS
    Arthur B. Hudson GPF
    Gilbert Hudson GPC
    Joseph Lowthian “JL” Hudson, Jr. GPF
    Robert Jewett GPF (moved out of state)
    James Thayer McMillan III GPF
    -Ferndale Laboratories
    Jeffrey J. Palms GPC
    Robert J. Petz, Jr. GPF
    - Dodge heir
    Richard Booth Platt GPF
    -Proform Automotive
    Edward Charles Roney, Jr. (Eleanor M. Couzens) GPF
    Frank J. Roney GPF
    John Stephen Scherer GPF
    - R. P. Scherer heir
    -pharmaceuticals/inventor of gell cap
    Joseph A. Simon GPF
    Peter R. Stroh GPP
    Pierre A. Stroh GPF
    (moved out of state)
    Whitney W. Stroh GPF
    David J. Woodward GPC
    Barbara Wrigley GPF
    George A. Wrigley GPF

    Bob Allen GPF
    - Web General Manager/Crains Detroit Business
    Scott Lewis GPP
    - Reporter/Fox Ch. 2
    Leon D. Mandel, IV
    -Autoweek
    Nancy Nall GPW
    - Writer
    Michael Novak GPS
    - VP Brass Ring Productions
    - Attorney
    Devin G. Scillian GPP
    -WDIV Ch. 4 News Anchor
    Paul W. Smith GPP
    - Radio personality/WJR -760 AM
    John E. Smyntek GPF
    - Writer
    Pete Waldmeir GPW
    - Writer

    and in conclusion....
    Dr. Bader J. Cassin GPF
    Dr. Ljubisa J. Dragovic GPF
    -Oakland County’s Chief Medical Examiner since 1991
    Dr. Werner U. Spitz GPS
    Dr. Daniel J. Spitz GPF
    Last edited by mark.vandorn; November-06-13 at 02:19 PM.

  10. #10
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    The names below fall into the grouping I described above in post 78: 48302 (Bloomfield Twp), 48304 (Bloomfield Hills), 48009 (Birmingham) and 48025 (Franklin/Bingham Farms) plus I'm including a few in Orchard Lake and WB:

    Jay Alix
    -Questor

    Larry J Hudas
    -ADN Risk Services

    Richard Rogel
    -Founder of Preferred Provider Organization of Michigan

    Scott Seligman
    -President Sterling Savings Bank

    Bob Seger
    -Music

    Benson Ford Jr.
    -Ford Heir

    MIKE KOJAIAN

    Cynthia Booth Ballantyne
    - Booth heir

    BN N BAHADUR
    -Chairman & CEO BBK, Ltd.

    Tom Celani
    -CEO, Action Distributing, gaming

    WARREN CHAPPELL
    -CHAPPELL STEEL CORPORATION

    C.H. GALA
    -GALA & ASSOCIATES, INC.

    WALTER P CZARNECKI
    -EVP PENSKE CORPORATION

    MICHAEL A GRIMALDI
    -GM

    ATUL PASRICHA
    -VP OF M. & A. AND NEW MARKETS - DELPHI

    DAVID C WAJSGRAS
    -CFO Lear Corp

    JACKIE MARTIN
    -CFO U.S. DEPARTMENT OF EDUCATION

    Oscar Feldman
    -Detroit Pistons Minority Owner

    Rajendra B. Vattikuti
    -Co-chairman, Complete Business Solutions

    Joe Dumars
    -Detroit Pistons GM

    JOSEPH K KNOLLENBERG
    -US Congressman

    Anthony J. Hopp
    -chairperson and CEO of Campbell-Ewald

    E. F Mayne
    -E.F. Mayne, Jr., Inc

    ARNOLD Y ARONOFF
    -Chairman, Landon Co

    GARY C VALADE
    -BOARD OF MANAGEMENT - DCX, Carhartt heir?

    Mickey Shapiro
    -Real Estate Investor, Lautrec

    Phillip Fisher

    Allan E Schwartz
    -Honigman Miller Schwartz & Cohn ('Detroit's business consigliare')

    LOGAN G ROBINSON
    -VICE PRESIDENT - DELPHI

    William Hubner residence
    -owner of Fitness USA chain

    Stanley Frankel
    -commercial real estate development

    HABIB P MAMOU
    -ROYAL OAK WASTE PAPER

    Robert Eaton
    -Former GM CEO

    DAVID W THURSFIELD
    -EVP Ford Motor

    THOMAS P DEKAR

    Bill Bonds
    -Newsman

    Thomas Hammond
    -Flagstar Chairman, moving to Oakland Twp.

    David Handleman
    -Handleman Co.

    JOHN M DEVINE
    -General Motors CFO

    Vlasics
    -Pickle Empire

    Roger B Smith
    -Of 'Roger and Me' Fame

    ALAN M KIRILUK
    -CHAIRMAN - KIRCO

    "HOOT" J MCINERNEY
    -owns a huge chain of car dealerships

    Harry Pearce
    -Vice-chairman of General Motors

    Chuck Forbes
    -DetroitYes Hero

    RICHARD J DUGAS
    -Pulte Homes CEO

    Carl T. Camden
    -President & COO Kelly Services

    WILLIAM P OREILLY
    -Former Chairman & CEO, Eltrax Systems

    J. THOMAS CLARK
    -The Clark Group

    Arthur M. Hawkins
    -Former chair at Exide Corporation, criminal

    MARK R WEBER
    -EXECUTIVE VICE PRESIDENT - DELPHI

    Steven Lunn
    -TRW COO

    Donald Kegley
    -Cunningham - Limp Company

    ROMAN J KRYGIER, JR.
    -Corp VP Ford Motor

    RAJ B VATTIKUTI
    -President, CEO Covansys

    LLOYD E HANSEN
    -VP Revenue Management Ford Motor

    Miriam Mondry
    -Highland Superstores

    LAWRENCE A DENTON
    -DURA AUTOMOTIVE SYSTEMS

    WILLIAM J PULTE
    -Pulte Homes Chairman

    Steve Yzerman
    -Detroit Rad Wings

    Richard "Rip" Hamilton
    -Detroit Pistons

    Ken Whipple
    -Chairman CMS Energy

    Arthur “Bud” Liebler
    -Former Chrysler Senior VP of Marketing

    William A Fleury
    -C.S.M. Manufacturing Corporat.

    CHARLES M KOJAIAN
    -Kojaian Companies VP-Developer

    Thomas Dart
    -cups

    Donald E Peterson
    -Former Chairman Ford Motor Co

    EDWARD C LEVY
    -Edward C. Levy Co. President

    Irving Seligman
    -Sterling Savings Bank founder / HUD scammer

    Eugene A. Miller
    -Chairman, Comerica Inc

    August F Kammer
    -Yondotega Club Member

    Harold Blumenstein
    -Paragon Properties

    Courtney Lord
    -SVP Taubman

    YOUSSEF B GHAFARI
    -GHAFARI ASSOCIATES L.L.C./CHAIRMAN

    Ralph J Gerson
    -President and CEO Guardian Industries

    David G Booth
    -Booth heir

    JOHN J FERRON
    -PRICEWATERHOUSECOOPERS

    LISA A PAYNE
    -Taubman Centers VP

    James Grosfeld
    -ex Pulte Corp CEO

    Lewis B Campbell
    -CEO Textron

    J. Thomas Clark
    -Vice Chairman - The Clark Group

    Robert C Larson
    -One of Detroit's gatekeepers

    William O'Reilly
    -Former Chairman & CEO, Eltrax Systems

    Sheldon Rose
    -Edward Rose & Sons

    MARK B DICKOW
    -Dickow & Associates Attorney

    Gary Sawaka
    -Grand Sawka Corp./President

    Samir A Danou
    -Danou Enterprises Inc

    Bernice Gershenson
    -philanthropist

    Eugene Kraft
    -Chair of the Serta-Restokraft Mattress Co.

    TARIK S DAOUD
    -Al Long Ford, Shamrock Lincoln Mercury

    Richard Wagner
    -GM Chairman, lives in the former L.B. Bornhauser residence

    ANTHONY F EARLEY
    -DTE Chairman

    DANIEL ARONOFF
    -CANNON DEVELOPMENT CORP.

    Robert J. Skandalaris
    -Chairman, Noble International Limited

    JAMES PATRICK CONROY
    -C.F.O. PENSKE CORPORATION

    Emil Rose
    -President & Director of the DSO

    Michael T Flora
    -Michael Flora & Associates

    David Schostak
    -Schostak Brothers & Company

    William K. Gerber
    -Exec. VP & CFO of Kelly Services

    MARK T HOGAN
    -VICE PRESIDENT GENERAL MOTORS

    VICTOR SAROKI
    -ARCHITECT

    MICHAEL J BOUCHARD
    SHERIFF-OAKLAND COUNTY

    CHRISTOPHER P ILITCH

    Paul C Robertson, Jr.
    -Builder

    NICHOLAS V SCHEELE
    -FORD MOTOR

    Ted R French
    -Textron

    Douglas G Delgrosso
    -President/COO Lear corp.

    ROBERT H KURNICK, JR.
    -PRESIDENT PENSKE CORPORATION

    ALAN GILMOUR
    -Former Ford Vice Chair / Gay activist, owns the finest residence in Birmingham

    Patrick J Harrington
    -Muchmore, Harrington, & Smalley

    BURTON D FARBMAN
    -The Farbman Group

    David A Trott
    -Lawyer

    Mike Ilitch (Marian)
    -Ilitch Holdings

    David B. Hermelin (DECD)
    Norway Amb. / RE delevoper / Palace Ent.

    Irving Rose
    -Edward Rose & Sons (BF's finest parcel of land?)

    David Bing
    -Owner, Bing Companies

    Mitch D Albom
    -Writer

    Daniel Gilbert
    -Quicken Loans Owner
    -Clevland Cavaliers Owner

    Florine Mark
    -Chairman, The WW Group Inc.
    ----------
    Last edited by mark.vandorn; November-07-13 at 10:53 AM.

  11. #11
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    There are plenty of billionaires in Metro Detroit that don't make any of these lists either.

    In order for Forbes to estimate your worth, there has to be a paper trail.

    That usually means buying and selling stock.

    If all your wealth comes from a privately-held company, then Forbes has nothing to work with.

    Metro Detroiters tend to be low-key about their wealth. Unless they want the notoriety, most keep the depths of their wealth pretty quiet.

  12. #12
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    Anyone with a successful moderate-sized business should e worth eight figures and there are a lot of them in the metro.

  13. #13
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    I started my post before the extensive listings above. There are many billionaires within those lists that do not make Forbes list of billionaires.

    Why? Because they don't want to...

    If the DeVos and Meijer families are included it's because they have provided their worth to Forbes, or Forbes can extrapolate their worth from the retail sales.

  14. #14
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    Quote Originally Posted by middetres View Post
    I started my post before the extensive listings above. There are many billionaires within those lists that do not make Forbes list of billionaires.

    Why? Because they don't want to...
    You sure about that? Billioniares are rare, and don't hide in plain sight.

    The Forbes list, BTW lists all known billionaires, not only those with verifiable assets. For example, Chapo Guzman, the infamous Mexican drug kingpin (who has been in hiding for years) is on the Forbes list.

  15. #15
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    You know what they say about the Boston Brahmin...they only appear thrice in public, when they are born, they get married, and when they die. Maybe this is true for Detroit's brahmin?

  16. #16
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    Quote Originally Posted by middetres View Post
    There are plenty of billionaires in Metro Detroit that don't make any of these lists either.

    In order for Forbes to estimate your worth, there has to be a paper trail.

    That usually means buying and selling stock.

    If all your wealth comes from a privately-held company, then Forbes has nothing to work with.

    Metro Detroiters tend to be low-key about their wealth. Unless they want the notoriety, most keep the depths of their wealth pretty quiet.
    No kidding, wealth makes you a target for thieves and gold-diggers. Why on earth would anyone want to deal with those hassles unless you have to. Look at those poor schmucks on TMZ, I would not want their lives.

  17. #17
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    Quote Originally Posted by mark.vandorn View Post
    Found this incredible 2005 Detroit Yes post, by users: Dream and Dsmith. Not sure how many on this list are actually high-net worth, have fallen off since recession, died, or have since moved out of Michigan:
    To update the list.

    Frank Couzens III-deceased
    C. Howard Crane II-money from wife's family.
    Alfred J. Fisher Jr.-deceased
    Walter Briggs Fisher-Moving/moved out of state.
    Emory Moran Ford-deceased
    H. Richard Fruehauf III-lives out of state.
    Hugo Scherer Higbie-deceased/two of his children live in Grosse Pointe.
    Robert Jewett-Lives out of state.
    Pierre A. Stroh-lives out of state.

  18. #18
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    Quote Originally Posted by motz View Post
    Wait, the wealth isn't trickling down?????
    You're right motz. Trickle down wealth ceased after Reagan; we're now living under Obama's trickle up poverty.

  19. #19
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    Quote Originally Posted by coracle View Post
    You're right motz. Trickle down wealth ceased after Reagan; we're now living under Obama's trickle up poverty.
    I guess the days of the economy flourishing under Dub-Ya are long gone......

  20. #20
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    Mark- you seem to be dying to know, but I'm not about to tell. These families cherish their privacy.

    That explains why you have no clue how much they're worth.

    But there are three families that I know personally on those lists that are worth north of $2 billion each.

  21. #21
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    Quote Originally Posted by middetres View Post
    Mark- you seem to be dying to know, but I'm not about to tell. These families cherish their privacy.

    That explains why you have no clue how much they're worth.

    But there are three families that I know personally on those lists that are worth north of $2 billion each.

    Notwithstanding these claims, billionaire families don't hide in plain sight. You realize people pay taxes on capital gains, right?

  22. #22
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    Quote Originally Posted by mark.vandorn View Post
    If they're on that list they're not private. If I spent my life here I'd be more familiar with the names. Further, finding out more accurate net worths is just a few mouse clicks away. But go ahead and cherish what you think is some super secret information.
    Time to get lost Troll!

  23. #23
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    Quote Originally Posted by Honky Tonk View Post
    I guess the days of the economy flourishing under Dub-Ya are long gone......
    I remember when I lost my job because the economy was doing so well I miss those days so much.

  24. #24
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    Quote Originally Posted by DetroitPlanner View Post
    DetroitPlanner.... $275.98! Wait, DTE gets $45... make that $230.98.
    After ummm health care $30.98 ,invest it wisely

  25. #25
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    Quote Originally Posted by Bham1982 View Post
    Notwithstanding these claims, billionaire families don't hide in plain sight. You realize people pay taxes on capital gains, right?
    I never knew tax information was public on capital gains. Can you show me the billionaire list.

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