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Who Are Michigan's Richest Residents?

By Christy Strawser
CBS Detroit Managing Editor

Pity poor Robert Ritchie. The Detroit native known around the world as Kid Rock, the breakout musician behind "Born Free" and "Cowboy", has barely $37 million to throw around.

And that puts him near the bottom of a roundup of Michigan's richest residents.

A survey of some of the biggest names in sports, entertainment and business shows from shows that while the national economy may still be in a holding pattern, some in Michigan are soaring.

The state's richest stars include Motown musicians, hockey hall of famers, current Detroit Tigers, politicians -- and one very wealthy Material Girl. Some of the rankings may come as a surprise. It's true: Diana Ross has more money than Bob Seger; the founder of Meijer Thrifty Acres has more cash than the patriarch of the Ford family; and Eminem could buy Kid Rock three times over.

On the list are:
*Eminem, aka Marshall Mathers, the east side native, Grammy winning rapper and actor.

*Mike Ilitch, founder of the Little Caesar's pizza chain, owner of the Detroit Red Wings, Tigers and the Fox Theatre in Detroit.

*Bob Seger, whose hits started in the 1970's and just keep coming.

*Madonna, the Rochester, Mich., native who has sold more than 200 million albums, 64 of them certified as gold.

*Elena Ford, the global marketing director of Ford Motor Co., who stayed under the radar until an arrest last year for drunken driving. In addition to her Ford family heritage, she's the daughter of Stavros Niarchos, the Greek shipping magnate.

*Tigers' star Miguel Cabrera, who earns $19 million a year.

*Lions' quarterback Matthew Stafford, whose six-year contract pays him $70 million.

*Smokey Robinson, the first person signed to Motown records, who has hit songs spanning 50 years.

*Presidential candidate Mitt Romney, son of a former Michigan governor, who owns private equity firm Bain Capital.

*Richard Devos, founder of Amway.

*Berry Gordy, founder of Motown Records.

*Diana Ross, who has had 17 albums on the Billboard Top 40 from The Supremes era in the 1960's to her own solo work, Broadway shows and movies.

*Dan Gilbert, founder of Quicken Loans and revitalizer of downtown Detroit.

*Dave Coulier, the comedian who was born in St. Clair Shores and gained fame in the show "Full House."

The List
Richard Devos Sr. - $5 Billion*
Frederik G.H. Meijer - $5 Billion*
Mike Ilitch - $2 Billion*
Dan Gilbert - $1.5 Billion*
William Clay Ford Sr. - $1.2 Billion*
Madonna - $500 Million**
Berry Gordy - $345 Million**
Mitt Romney - $250 Million**
Diana Ross - $160 Million**
Elena Ford - $125 Million**
Eminem - $115 Million**
Smokey Robinson - $100 Million**
Miguel Cabrera - $70 Million**
Sparky Anderson (In 2010) - $60 Million**
Bob Seger - $45 Million**
Kid Rock - $37 Million**
Matthew Stafford - $15 Million**
Gordie Howe - $8 Million**
Dave Coulier - $4 Million**
Dennis "The Worm" Rodman - $500,000**
*Source: Forbes

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