Mat Ishbia
Mat Ishbia | |
|---|---|
| Born | Mathew Randall Ishbia January 6, 1980 |
| Known for | CEO and chairman of United Wholesale Mortgage
Majority owner of the Phoenix Suns of the NBA and Phoenix Mercury of the WNBA |
| Spouse |
Emily Clarke (m. 2014) |
| Family | Justin Ishbia (brother) |
Mathew Randall Ishbia (born January 6, 1980)[1] is an American billionaire who is CEO and chairman of mortgage lender United Wholesale Mortgage. He was finalized as majority owner of the Phoenix Suns of the National Basketball Association and Phoenix Mercury of the Women's National Basketball Association alongside his older brother Justin on February 6, 2023.[2]
Biography
Ishbia was raised in a Jewish family in Birmingham, Michigan, a suburb of Detroit.[3] He played basketball as a walk-on point guard for Michigan State from 1999 to 2002 and was a member of the team that won the national championship in 2000.[4] In 2013, he succeeded his father as the CEO of United Wholesale Mortgage (founded by his father in 1986).[3] In January 2021, he took the company public which made him a billionaire.[3]
Forbes lists his net worth as of April 2022 at $4.9 billion USD.[1]
In December 2022, his bid was accepted by suspended team owner Robert Sarver to purchase the NBA's Phoenix Suns and WNBA's Phoenix Mercury basketball teams for $4 billion, pending league approval.[5] At 43, he became the NBA's youngest team owner in the league's history,[6] with the NBA nearly-unanimously approving of the sale on February 6, 2023,[7] before it became official on February 7, 2023.[8][9]
References
- ^ a b "Mat Ishbia". Forbes - The World's Billionaires. Retrieved 20 December 2022.
- ^ "Sources: Mat Ishbia's purchase of Suns, Mercury to be official soon". espn.com. 25 January 2023. Retrieved 30 January 2023.
- ^ a b c Keene, Louis (20 December 2022). "Phoenix Suns' new owner played for his hometown Maccabi team". Jewish Daily Forward.
Ishbia, 42, who will also acquire the WNBA's Phoenix Mercury in the deal, grew up in a Jewish family in Birmingham, Michigan, a suburb of Detroit.
- ^ Deb, Sopan; Ganguli, Tania (20 December 2022). "Mat Ishbia Nears $4 Billion Deal for Phoenix Suns and Mercury". The New York Times.
- ^ "Ishbia agrees to Suns purchase for record $4B". ESPN.com. 20 December 2022. Retrieved 21 December 2022.
- ^ "Mat Ishbia confirms he's finalizing Phoenix Suns, Mercury purchase; price reportedly $4 billion". Detroit Free Press. Retrieved 21 December 2022.
- ^ https://www.espn.com/nba/story/_/id/35605269/nba-board-governors-approves-sale-suns-mercury-mat-ishbia
- ^ https://arizonasports.com/story/3487485/mat-ishbias-purchase-of-phoenix-suns-set-to-be-complete-by-tuesday/
- ^ MAT ISHBIA ASSUMES CONTROLLING OWNERSHIP INTEREST OF PHOENIX SUNS AND PHOENIX MERCURY
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