Mike Ilitch Net Worth

Ilitch was formerly involved with the Detroit Caesars of the American Professional Slow Pitch Softball League. He and his wife purchased the Detroit Red Wings of the National Hockey League in 1982 for $8 million. The team won the Stanley Cup in 1997, 1998, 2002, and 2008. In 1992 Ilitch purchased the Detroit Tigers of major League Baseball from the founder of Domino’s Pizza. Ilitch started the Detroit Drive of the Arena Football League in 1988. The team made the Arena Bowl each of the six years they played. In 1992 Ilitch sold the team and they relocated to Massachusetts. In 2003 Ilitch was inducted into the Hockey Hall of Fame and into the United States Hockey Hall of Fame in 2004. Mike and Marian had seven children together. Their family was presented the key to the City of Detroit in 2008. Mike Ilitch also owned the Fox Theatre and Olympia Entertainment. Mike Ilitch died on February 10, 2017 at the age of 87.