Michael Rubin Biography and Net Worth
|Net Worth $10.2 Billion|
|Full Name Michael Rubin|
|Birth Date 21 July 1972|
|Age 50 years|
|Birthplace Philadelphia, Pennsylvania, U.S.|
|Profession Entrepreneur, CEO, Philanthropist|
|Zodiac Sign Cancer|
|Spouse Meegan Rubin (Divorce: 2011)|
|Active Years 1989 – Present|
Michael Rubin, a noted businessman and a philanthropist is a founder of several multi-billion dollar companies. Driven by his passion for sports and his entrepreneur skills, he founded ‘Fanatics’, world’s leading sports merchandize retail company. He is also an executive chairman of Rue Gilt Groupe, includes RueLala.com, Gilt.com and ShopPremiumOutlets.com. Due to his passion for sports and business, he bought Philadelphia 76ers basketball team in 2011 and New Jersey Devils Hockey Team in 2013. In addition to his business portfolio, the philanthropist Rubin started “All In Challenge” and raised $60 million to fight food insecurity during COVID-19 Pandemic. He also co-chairs REFORM Alliance, an organization for bringing criminal justice reforms. Rubin was included in Forbes 400: The Richest People in America in 2014.
Michael Rubin Personal Life:
Michael Rubin was born in Pennsylvania on 21 July 1972. His father Ken Rubin was a veterinarian and mother Paulette Rubin was a psychiatrist. He attended Villanova University for a semester but dropped out to pursue his business. At the age of 12, he opened a formal ski-tuning shop in his parent’s basement. By the time, he attended Villanova University; the shop had expanded to five stores. Rubin married to a local dance teacher Meegan Rubin but the couple divorced in 2011. He has two daughters.
Michael Rubin Career
Rubin stepped into ski shop business in his teens. At the age of 17, he sold out his ski shops and opened an athletic equipment company ‘KPR Sports’. It was a huge success for him and by 1995, KPR reached $50 million in sales. At 1998, he created a logistic company Global Sports Incorporated Commerce (GSI Commerce) which he then sold to eBay in 2011. He repurchased Rue La La – a flash seller, Shop Runner – a retail benefit program and Fanatics Inc., a sports merchandizer. He sold ShopRunner to FedEx in December 2020. As a CEO of Fanatics Inc., Rubin orchestrated partnership deals and acquired rights of designing, manufacturing and distributing Nike fan gear for National Football League and Major Baseball League. He was a member of investment group that bought Philadelphia 76ers team in 2011 and later New Jersey Devils hockey team in 2013. In June 2022, Rubin sold his stakes in both the franchises.
Michael Rubin Awards and Nominations
- Rubin was named by Forbes as one of the year’s “20 Most Powerful CEOs 40 and under” in 2011.
- Between 2015 and 2019, Rubin was included in “Top 50 Most Influential People in Sports Business”, in Sports Business Journal every year.
- In 2018, Rubin was included in “Power 50” list of most influential people in sports in inaugural edition of Bleacher Report.
- In 2021, he was named as “Most Influential Person in Sports Business” by Sports Business Journal, and in 2022 the journal declared Rubin their “Sports Executive of the Year”.
Michael Rubin Net Worth
Forbes estimates the net worth of Michael Rubin $10.2 Billion as of September 2022. Main source of his wealth is online retailing of sports equipment. He was named in ‘Forbes 400: The Richest People in America’, and ‘Forbes: The Richest in 2022’.
Michael Rubin Body Features
|Height 5 ft 10 inch|
|Weight 76 kg|
|Eye Color Dark Brown|
|Hair Color Grey|