Thursday, September 22, 2011

Forbes says Ilitch worth $2 Billion; Ranking #212 among Richest Americans, #5 Richest in Michigan

Forbes 400 | #212 M/M Ilitch

Forbes' 2011 List of 400 Richest Americans is out. The net worth of Detroit's Michael and Marian Ilitch is valued at $2 billion.  That's up from $1.7 billion in September 2010.  They are ranked #212 on the 2011 List of Richest Americans -- climbing 26 spots from 2010 (#238).

According to Forbes:
A stagnant economy continues to benefit Michael and Marian Ilitch's Little Caesar's chain, which sells $5 pizzas to penny-pinching consumers. Revenues are picking up at Marian's MotorCity Casino after a flat 2010. The Ilitch clan passed on the chance to buy the Detroit Pistons, but Mike's Detroit Tigers are in first place in the AL Central. Next up: a new downtown hockey arena for the Red Wings.

Forbes ranks Mr. & Mrs. Ilitch as the 5th richest in Michigan behind Richard DeVos, Frederik G.H. Meijer, Al Taubman and Ronda Stryker.


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certainly must reads!

Ilitch has backed loosing sports teams and pizza, but casinos in Detroit? Forbes.com 10.09.06 ● Marian Ilitch #1 on "25 Most Powerful People" to Watch 2006” global gaming business o1.oo.o5 ● My Kingdom for a Casino Forbes 05.08.06 ● Big Lagoon’s casino dream awakens north coast journal 07.28.05 ● Shinnecocks launch legal claim to Hamptons land newsday.com 06.16.05 ● Ilitch Plans to Expand Casino Empire RGTonline.com 07.05.05 ● Ilitch outbids partners MichiganDaily.com 04.14.05 ● Ilitch enmeshed in NY casino dispute detnews.com 03.20.05 ● Marian Ilitch, high roller freep.com 03.20.05 ● MGM Mirage to Decide on Offer for Casino in Detroit rgtonline.com 04.16.05 ● Secret deal for MotorCity alleged freep.com 02.15.05 ● Los Coyotes get new developer desertdispatch.com 02.08.05 Detroit casino figure to finance Barstow project LasVegasSun.com 07.07.03 ● Indian Band trying to put casino in Barstow signonSanDiego.com 06.04.03 Pizza matriarch takes on casino roles detnews.com 10.23.02 ● Vanderbilt gets short straw in negotiations for a casino Lansing Journal 10.06.02 ● Indians aim to drive family from tribe in vicious dispute san diego union tribune 04.09.00 ●Malik owns 2000 Michigan Quarter Horse of the Year Michigan.gov 01.01.00 ● Detroit Team to run Michigan’s newest Indian casino detnews.com 05.23.99 Tiger ties tangle Marian Ilitch detnews.com 04.29.99 ● Three investors must sell their Detroit casino interests gamblingmagazine.com 04.25.99 ● Partners’ cash revived election; They say money was crucial to Prop-E detnews.com 04.25.99 Investors have troubled histories las vegas review journal 04.27.99 ● Investor served probation for domestic assault on 12 year old boy detnews.com 04.25.99 Can a pair win a jackpot?: local men hope to... crainsdetroit.com 03.17.97

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