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Pulling pranks, bidding for Yahoo, and launching a $1 billion basketball stunt: Rocket founder Dan Gilbert and Warren Buffett are close friends with a colorful past

Pulling pranks, bidding for Yahoo, and launching a $1 billion basketball stunt: Rocket founder Dan Gilbert and Warren Buffett are close friends with a colorful past
AP Photo/Nati Harnik



Rocket Companies, which owns Quicken Loans, went public on Thursday, boosting founder and chairman Dan Gilbert's fortune to about $34 billion.




Gilbert is close friends with Warren Buffett and has partnered with the investor and Berkshire Hathaway CEO several times over the years.




For example, Gilbert and Buffett pranked Quicken employees with a fake sale in 2014, Berkshire insured a $1 billion Quicken marketing stunt the same year, and Buffett agreed to finance a bid for Yahoo by Gilbert and other investors that ultimately failed.




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Rocket Companies' founder and chairman Dan Gilbert saw his net worth soar to $34 billion after the parent company of mortgage lender Quicken Loans went public on Thursday.
Gilbert — who is also the majority owner of the Cleveland Cavaliers basketball team and the founder and controlling shareholder of StockX, the online sneaker marketplace — now boasts a fortune roughly half the size of Warren Buffett's, according to the Bloomberg Billionaires Index.
The famed investor and Berkshire Hathaway CEO will likely be cheering Gilbert on, as the pair have been friends and occasional business partners for years.
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