In this article, we will explore the biography, net worth, and social media presence of Michael Rubin, one of the most influential figures in the sports industry. We will also answer some frequently asked questions about him.
Michael Rubin Biography
| Name | Michael G. Rubin |
|---|---|
| Birth day | July 21, 1972 |
| Birth place | Lafayette Hill, Pennsylvania |
| Age | 51 |
| Birth sign | Cancer |
| Nationality | American |
| Mother | Paulette Rubin |
| Father | Ken Rubin |
| Spouse | Meegan Rubin (divorced) |
| Siblings | None |
| College | Villanova University (dropped out) |
Michael Rubin Net Worth
Michael Rubin has a net worth of $11.5 billion, as of November 2021, according to Forbes. His main source of income is his stake in Fanatics, which is valued at $31 billion after a recent funding round.
Fanatics reported $3.3 billion in revenue in 2020, and expects to reach $4.5 billion in 2021.
Rubin also owns a stake in Rue Gilt Groupe, which operates Rue La La, Gilt, and ShopPremiumOutlets.com. Rue Gilt Groupe has over 35 million members and generates over $1 billion in annual sales.
Some of the interesting stories about Michael Rubin’s net worth are:
- He once paid $100,000 to play a game of H.O.R.S.E. with Michael Jordan, and lost.
- He bought a $43.5 million penthouse in Manhattan in 2018, setting a record for the most expensive home ever sold in the borough.
- He owns a $50 million mansion in the Hamptons, where he hosts lavish parties for his celebrity friends, such as Beyoncé, Jay-Z, Kim Kardashian, Tom Brady, and more.
About Michael Rubin
Michael Rubin started his entrepreneurial journey at the age of 12, when he opened a ski-tuning shop in his parents’ basement. He later expanded his business to five ski shops before he entered college. He attended Villanova University for a semester, but dropped out after making a profitable deal in the overstock equipment market. He then founded KPR Sports, a company that bought and sold excess inventory of name-brand merchandise. By the age of 23, he had grown his company to $50 million in sales.
In 1995, he acquired a stake in Rykä, a women’s athletic shoe manufacturer, and became its CEO. He also launched Global Sports Incorporated, a company that provided e-commerce and logistics services to sports retailers. In 1998, he renamed his company GSI Commerce and took it public. He sold GSI Commerce to eBay in 2011 for $2.4 billion, but retained the ownership of Fanatics, a subsidiary that produced licensed sports apparel and merchandise. He transformed Fanatics into a global leader in the sports e-commerce industry, with partnerships with major leagues, teams, and players. He also acquired Rue La La and ShopRunner, two online fashion retailers, and formed Rue Gilt Groupe, an e-commerce portfolio company.
In addition to his business ventures, Rubin is also a philanthropist and a social activist. He is the co-chair of the REFORM Alliance, a nonprofit organization that aims to transform the probation and parole system in the US. He was inspired to launch the REFORM Alliance after witnessing the unjust imprisonment of his friend and rapper Meek Mill, who was sentenced to two to four years in prison for a minor probation violation. Rubin has also supported various causes related to education, health, and sports. He has donated millions of dollars to various charities and foundations, such as the Children’s Hospital of Philadelphia, the Philadelphia School District, the Sixers Youth Foundation, and the All In Challenge Foundation.
Some of the achievements and awards of Michael Rubin are:
- He was named one of the 100 Most Influential People in the World by Time magazine in 2020.
- He was ranked No. 61 on the Forbes 400 list of the richest people in America in 2020.
- He was honored with the Champion of Social Justice Award by the National Urban League in 2019.
- He was inducted into the Philadelphia Business Hall of Fame in 2018.
- He received the Entrepreneur of the Year Award from Ernst & Young in 2005.
Michael Rubin Social Media
Michael Rubin is active on various social media platforms, where he shares his insights, opinions, and updates on his personal and professional life.
Here are some of his social media handles:
- Twitter: @MichaelGRubin
- Instagram: @michaelrubin
- Threads: @michaelrubin
- LinkedIn: Michael Rubin
- Facebook: Michael Rubin
FAQs about Michael Rubin
How did Michael Rubin become a billionaire?
Michael Rubin became a billionaire by building and selling e-commerce businesses, such as GSI Commerce, Fanatics, Rue La La, and ShopRunner. He also invested in sports teams, such as the Philadelphia 76ers and the New Jersey Devils, and launched the REFORM Alliance, a criminal justice reform organization.
How much does Michael Rubin own of Fanatics?
Michael Rubin owns about 35% of Fanatics, which is valued at $31 billion, according to Forbes. He is the founder and CEO of the company, which is the world’s leading provider of licensed sports merchandise.
How is Michael Rubin related to Meek Mill?
Michael Rubin and Meek Mill are close friends and business partners. They met in 2014, when Rubin invited Mill to sit courtside at a 76ers game. They bonded over their passion for sports, music, and entrepreneurship. They also co-founded the REFORM Alliance, a criminal justice reform organization, after Mill was unjustly imprisoned for a probation violation in 2017. Rubin helped Mill secure his release from prison in 2018, and has supported him ever since.
What is Michael Rubin’s philanthropic work?
Michael Rubin is a philanthropist who supports various causes related to education, health, and sports. He has donated millions of dollars to various charities and foundations, such as the Children’s Hospital of Philadelphia, the Philadelphia School District, the Sixers Youth Foundation, and the All In Challenge Foundation. He also launched the All In Challenge in 2020, a viral charity campaign that raised over $60 million to combat food insecurity by offering fans the chance to win prizes and experiences from celebrities and athletes. He is also the co-chair of the REFORM Alliance, a nonprofit organization that aims to transform the probation and parole system in the US.
Stay tuned with The iBulletin for more updates!