MAT ISHBIA

The newest Forbes list showing the richest people in the world was released this week -- and it includes eight people from Michigan.

So, while you’re sitting around pondering the question, “Do you know anyone who owns an NBA team?” you just might! His name is Mat Ishbia, and he’s the owner of the Phoenix Suns and the Phoenix Mercury.

Mat Ishbia has been introduced as the new majority owner of the Phoenix Suns and WNBA’s Phoenix Mercury.

Mat Ishbia says his first major project as owner of the Phoenix Suns will be to listen to employees and figure out what problems they’ve faced.

Mortgage executive and former Michigan State guard Mat Ishbia is the new majority owner of the Phoenix Suns and WNBA’s Phoenix Mercury, after the NBA’s board of governors approved his plan to purchase the controlling stake of those franchises from Robert Sarver, a person with knowledge of the matter said Monday night.

Mat Ishbia’s career basketball statistics at Michigan State went like this: He averaged 0.6 points, 0.3 rebounds and 0.3 assists per game.

Mortgage executive Mat Ishbia has agreed in principle to buy the Phoenix Suns and Phoenix Mercury from embattled owner Robert Sarver for $4 billion.

Michigan billionaire and president of United Wholesale Mortgage Mat Ishbia is reportedly finalizing a deal to buy the NBA’s Phoenix Suns franchise for around $4 billion.

United Wholesale Mortgage announced Wednesday a sponsorship deal with Michigan State University that will give 133 student athletes $500 monthly stipends.

A suburban Detroit mortgage company led by a former Michigan State walk-on will pay $500 a month to all football players and members of the men's basketball team.

EAST LANSING, Mich. – Michigan State University athletics received millions of dollars in a major donation from one of its winningest basketball players, on and off the court. Mat Ishbia -- the CEO of United Wholesale Mortgage, 1998 Spartan basketball walk-on and 2000 NCAA champion -- recently donated $32 million to his alma mater. Twenty million dollars of the donation will help change the face of Michigan State, expanding the football center and improving the auditorium, locker rooms and dining halls. “This is not only a historic day but a tear-jerking, proud day for me,” said MSU basketball coach Tom Izzo. Ishbia also made a donation to the Spartan Life Fund, which helps MSU alumni connect with companies looking for employees.