Who is Michael Rubin? What is His Net Worth?
by Ayisha
Updated Jul 07, 2023
Who is Michael Rubin?
Michael G. Rubin is an American businessman, and philanthropist born on July 21, 1972, holds various notable positions in the business world. He currently serves as the CEO of Fanatics, the leading provider of licensed sports merchandise globally.
In addition, he holds the position of executive chairman at Rue Gilt Groupe, an e-commerce portfolio company that encompasses popular online platforms such as RueLaLa.com, Gilt.com, and ShopPremiumOutlets.com.
Rubin's entrepreneurial journey began in 1998 when he founded GSI Commerce, which he later sold to eBay in 2011 for a significant sum of $2.4 billion. Throughout his career, Rubin has also been involved in the sports industry.
He was a partner of the Philadelphia 76ers basketball team starting in 2011 and the New Jersey Devils hockey team from 2013. However, in June 2022, he sold his stakes in Harris Blitzer Sports & Entertainment, the holding company of both teams, to dedicate his efforts to the expansion of Fanatics.
In addition to his business ventures, Rubin is actively engaged in philanthropy. He co-founded the REFORM Alliance in January 2019, alongside influential figures such as Jay-Z, Meek Mill, Robert Kraft, and Daniel S. Loeb. This organization focuses on criminal justice reform initiatives.
Real Name
Michael G. Rubin
Stage Name
Michael Rubin
Age
50 years old
Date of Birth
July 21, 1972
Place of Birth
United States
Profession
CEO of Fanatics, Executive Chairman Rue Gilt Groupe, Co-chair Reform Alliance
Net Worth
$11.5 billion
Famous for
Founding GSI Commerce
Who is Billionaire Michael Rubin?
Michael Rubin is a prominent figure in the business world and a billionaire with a remarkable success story. He has achieved great wealth and recognition through his entrepreneurial endeavors and philanthropic pursuits.
As the CEO of Fanatics, a leading provider of licensed sports merchandise worldwide, Rubin has played a crucial role in the company's growth and dominance in the market. His business acumen and determination have propelled him to the ranks of the wealthiest individuals globally.
Beyond his business ventures, Rubin has made a significant impact in various industries. He has been involved in the sports world as a partner of the Philadelphia 76ers basketball team and the New Jersey Devils hockey team.
Additionally, Rubin co-founded the REFORM Alliance, an organization dedicated to criminal justice reform, alongside influential personalities such as Jay-Z, Meek Mill, and Robert Kraft.
His philanthropic efforts and commitment to social causes have further solidified his reputation as a well-rounded individual. With an estimated net worth of $11.5 billion, Michael Rubin continues to make waves in the business realm while leaving a positive impact on society.
Michael Rubin Early Life
Michael Rubin, born into a Jewish family, had parents named Paulette and Ken Rubin. His mother worked as a psychiatrist, while his father was a veterinarian. Growing up in Lafayette Hill, Pennsylvania, Rubin's entrepreneurial spirit emerged early on.
At the age of 12, he established a ski-tuning shop in his parents' basement. Building on this initial success, two years later, he utilized $2,500 in bar mitzvah gifts as startup capital and secured a lease signed by his father to open a formal ski shop called Mike's Ski and Sport in Conshohocken, Pennsylvania.
At 16 years old, Rubin found himself facing a substantial debt of around $120,000. He managed to reach a settlement with his creditors by obtaining a $37,000 loan from his father, under the condition that he attend college.
Agreeing to the terms, Rubin continued running his business, which expanded to encompass five ski shops before he embarked on his college journey. Initially, he enrolled at Villanova University but dropped out after a short while due to a fortuitous business transaction.
Recognizing an opportunity, Rubin purchased overstock equipment worth $200,000 at a significant discount, borrowing $17,000 from a friend. He later sold the equipment for $75,000, resulting in a substantial profit.
Michael Rubin Age
Michael Rubin's age can be determined as 50 years old. Born on July 21, 1972, he reached the milestone of half a century. Throughout his successful career as a businessman, Rubin has achieved remarkable accomplishments and established himself as a prominent figure in the industry.
His expertise and leadership have contributed to the growth and success of Fanatics, where he serves as CEO, and Rue Gilt Groupe, where he holds the position of executive chairman. At the age of 50, Rubin continues to make significant strides in his professional endeavors and make a lasting impact on the business world.
What is Michael Rubin's Net Worth?
Michael Rubin's net worth is estimated to be a staggering $11.5 billion, according to Forbes. This impressive fortune places him among the wealthiest individuals globally. As a self-made billionaire, Rubin's success stems from his ventures as a businessman and his keen entrepreneurial skills.
Serving as the CEO of Fanatics, a leading provider of licensed sports merchandise worldwide, he has played a pivotal role in the company's growth and dominance in the market.
His ability to capitalize on business opportunities has led to significant financial gains and propelled his net worth to extraordinary heights. In addition to his success with Fanatics, Rubin has made lucrative investments and ventures, including selling sports memorabilia.
These ventures, coupled with his astute business decisions, have contributed to his substantial wealth. At the age of 50, Michael Rubin's net worth continues to climb, solidifying his position as one of the wealthiest individuals in the world.
Who is Michael Rubin? - FAQs
Michael G. Rubin is an American businessman and philanthropist.
Michael Rubin is 50 years old as of 2023.
MIchael Rubin has an estimated net worth of $11.5 billion.
Michael Rubin was born on July 21, 1972, in United States.