Dan Gilbert reportedly buying stake in company that publishes Robb Report

by

comment
SCREENSHOT VIA ROBBREPORT.COM
  • Screenshot via RobbReport.com

Though he has "no experience running any publishing entities," billionaire Quicken Loans Founder and Chairman Dan Gilbert is in talks to purchase a stake in CurtCo Robb Media, according to the New York Post. The company publishes the Robb Report, "a luxe lifestyle a mag for the ultra-rich," the Post says. A source told the newspaper Gilbert's bid is "about $60 million."

Gilbert recently made headlines for what seemed like an eternity because NBA superstar Lebron James agreed to return to the Gilbert-owned Cleveland Cavaliers. James' decision to leave the Cavs four years ago prompted Gilbert to pen a letter entirely in comic sans that remained active on the team's website until this July.



Gilbert, 52, recently was the lead investor of a $40 million round of funding into Rap Genius, a website that literally decodes and annotates rap lyrics

Update: Aug. 20, 2:50 p.m.: A previous version of this post mischaracterized Gilbert's role in the Rap Genius investment. 


We welcome readers to submit letters regarding articles and content in Detroit Metro Times. Letters should be a minimum of 150 words, refer to content that has appeared on Detroit Metro Times, and must include the writer's full name, address, and phone number for verification purposes. No attachments will be considered. Writers of letters selected for publication will be notified via email. Letters may be edited and shortened for space.

Email us at letters@metrotimes.com.

Support Local Journalism.
Join the Detroit Metro Times Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the Metro Times Press Club for as little as $5 a month.