Mat Ishbia Net Worth, Yacht, House: How rich is Mat Ishbia?
Lily Fisher
Published Feb 16, 2026
Mat Ishbia has an estimated net worth of $4.7 billion. He made this wealth through his career as a mortgage lender.
The Detroit native Mat Ishbia is the chairman and CEO of Michigan-based mortgage lender United Wholesale Mortgage, now UWM Holdings. The company was founded by his father Jeff in 1986.
Mat earned a Bachelor of Business Administration from Michigan State University in 2003.
He played basketball while at Michigan State and was on the team that won the NCAA men’s basketball championship in 2000.
After graduating in 2003, Mat Ishbia joined United Wholesale Mortgage and held a couple of positions before becoming the CEO in 2013.
After he was named the CEO of UWM, the company, gained more market share, earning its spot as the No.1 wholesale mortgage lender in the country by 2015.
Mat owns a 71% stake in the company, which went public through a merger with a blank check company in 2021.
In 2021, Ishbia pledged $32 million to Michigan State’s athletic department and signed on to help fund football coach Mel Tucker’s $95 million contract.
