Billionaire Profile
M
Global Rank
#2909

Image: Lyle, Oscar Kennett, b. 1839 | Public domain | via Wikimedia Commons

Michael Dunlap & family

CEO, loan servicing
UNITED STATES
Real-Time Net Worth
$1.194B
Estimated based on loan servicing stock value as of March 6, 2026
-2.81% (24h)
Age
62
Source
loan servicing
Industry
Finance & Investments
Citizenship
UNITED STATES

Biography

Michael S. Dunlap, a prominent figure in the financial industry, is the Executive Chairman of Nelnet, a leading loan servicing and payment processing company. Born in 1964, Dunlap has built a substantial net worth through his strategic leadership and ownership stake in Nelnet, currently estimated at $575 million as of January 30, 2026. His career has been marked by significant achievements in the loan servicing sector. Dunlap's leadership at Nelnet, which he co-founded, has driven the company's growth and diversification, contributing to his financial success. He is known for his commitment to his family, community involvement, and his dedication to the University of Nebraska-Lincoln, where he earned degrees in finance and accounting, and his Juris doctorate.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life and Education

Michael Dunlap's journey began with his education at the University of Nebraska-Lincoln, where he earned degrees in finance and accounting, setting the stage for his career in finance. He later obtained a Juris Doctor degree, equipping him with a comprehensive understanding of the legal and financial landscapes.

Rise to Success

Dunlap's career took a significant turn with the co-founding of Nelnet. He played a pivotal role in the company's initial establishment and expansion, driving the company to prominence in the loan servicing and payment processing sectors.

Key Business Strategies

Dunlap's leadership has been instrumental in Nelnet's strategic growth and diversification efforts. His business acumen and vision have led to the company's expansion into high-speed fiber, real estate, and other ventures. He is known for his emphasis on innovation, strategic partnerships, and a forward-thinking approach to business challenges.

Philanthropy

While specific details on Michael Dunlap's philanthropic endeavors are not readily available, he serves on the board of the Raikes School of Computer Science and Management at the University of Nebraska-Lincoln, demonstrating his commitment to education and community involvement. The Dunlap Family Foundation (established in 2023) is involved in various charitable activities.

Career Milestones

1996

Co-founded Nelnet

Co-founded the loan servicing and payment processing company, Nelnet.

2003

Took Nelnet Public

Took Nelnet public.

2014

Executive Chairman of Nelnet

Became Executive Chairman of Nelnet.

Philanthropy & Social Impact

Education

Raikes School Board

$0

Serves on the board of the Raikes School of Computer Science and Management.

Philanthropy

Dunlap Family Foundation

$1.3M (2024)

Supports various cities across several states with a focus on Pennsylvania.

Business Philosophy & Leadership

Notable Quotes

"“There is not a problem that we run across that he doesn't believe we could solve.”"

Leadership Principles

Entrepreneurship

Embraces an entrepreneurial spirit in problem-solving and business development.

Controversies & Challenges

2007

Allegations of Deceptive Lending Practices

Investigation into alleged deceptive lending practices by student loan providers, including Nelnet.