While Amazon continues to build a mortgage division within its ranks, the online giant reportedly continues to search for a strategic acquisition to buy into the mortgage retail space.
One name often put forward is loanDepot, though CEO Anthony Hsieh is already reportedly doing just fine without needing to sell the company.
The Orange County Business Journal is estimating his personal wealth at $2 billion in this profile of him, written by Peter Brennan. (h/t: Rob Chrisman, August 24.)
Based on his ownership of 51.5% of loanDepot, whose parent name is LD Holdings Group LLC, we estimate his wealth to be $2 billion, Brennan writes.
“How does it feel to be a billionaire?" Brennan asked Hsieh.
“I feel the same,” the 53-year-old said. “There’s nothing different. I come from a humble background as an immigrant.”
