Michael Rubin's net worth: Inside Fanatics CEO's lavish lifestyle
Michael Rubin is the man of the moment after his white party became one of Hampton's most starry summer soirees. The party has also sparked questions about his lavish lifestyle and what he does to earn a living. Go through these details about Michael Rubin's net worth as they debunk his rise to fame and wealth.
Source: Getty Images
Michael Rubin is considered one of the self-made billionaires with expertise spanning over three decades. The university drop-out carved a path in business and leveraged opportunities in sports to become the world's leading provider of licensed sports merchandise.
Michael Rubin's profile summary and bio
| Full name | Michael G Rubin |
| Gender | Male |
| Date of birth | 21st July 1972 |
| Age | 50 years (as of July 2023) |
| Birthday | 21st July |
| Zodiac sign | Cancer |
| Place of birth | Lafayette Hill, Pennsylvania, USA |
| Current residence | Bryn Mawr, Pennsylvania |
| Nationality | American |
| Ethnicity | White |
| Eye colour | Dark brown |
| Hair colour | Dark brown |
| Occupation | CEO of Fanatics and Executive Chairman Rue Gilt Groupe |
| Marital status | Divorced |
| Ex-wife | Meegan Rubin |
| Children | 3 (Kylie, Romi Rubin and Gema) |
| Parents | Paulette and Ken Rubin |
| Known for | Founding GSI Commerce (1998), All In Challenge (2020) |
| Net worth | $11.4 billion |
| Source of wealth | Online retail, self-made |
| Social media | Instagram Twitter |
How old is Michael Rubin?
Michael Rubin (age 50 years as of July 2023) was born on 21st July 1972 in Lafayette Hill, Pennsylvania, USA.
Early life
Rubin was born to a Jewish family living in America. His mother, Paulette, was a psychiatrist, while his father, Ken Rubin, was a veterinarian.
Rubin started a ski-tuning shop when he was 12 and opened a formal ski shop in Conshohocken, Pennsylvania. He was a student at Villanova University for a semester before dropping out after realising a significant and opportunistic transaction.
Source: Getty Images
Professional career
Rubin founded KPR Sports, an athletic equipment company. In 1998, he created Global Sports Incorporated, an apparel and logistics company. Rubin later turned it into a multibillion-dollar-e-commerce company. In 2011, he sold it to eBay for $2.4 billion.
As part of the deal, Rubin paid $500 million for majority ownership of 3 assets eBay did not want, ShopRunner, Rue La La and Fanatics. In 2018, Rue La La acquired Gilt Groupe. In 2019, mall operator Simon Property Group took a 50% stake in the combined company.
Who is the CEO of Fanatics.com?
In 2020, Rubin sold ShopRunner to FedEx for an undisclosed amount. He still owns minority stakes in Rue Gilt Group and Fanatics, where he is the CEO. Fanatics has received accolades and the following titles:
- 50 Most Innovative Companies in the World by Fast Company
- Sports Business of the Year by Yahoo! Finance
- Business Model of the Decade (2010-2019) by Sports Business Journal
Rubin spent more than ten years as a partner of the 76ers before selling his ownership stake in June 2022. He attributed the business move to focusing on Fanatic's expansion across the sports ecosystem.
What is Michael Rubin famous for?
Apart from his business acumen, Michael is also actively involved in philanthropy works. He is a champion for criminal justice reform. He is also the creator of the ALL IN Challenge, one of the largest digital fundraisers ever. The fundraiser raised $60 million to feed those in need during the COVID-19 pandemic.
Is Michael Rubin married?
Michael is not married as of July 2023 and does not have a wife. He is in a long-term relationship with his girlfriend. Camille Fishel. Details about the timeline of their relationship are not publicly available, though they have been in each others' lives for a while.
Source: Getty Images
Michael Rubin's children
In 2020, Michael Rubin and Camille welcomed their first child, Romi. Two years later, they had their second baby, Gema.
Michael was married to Meegan Rubin, a local dance teacher. The ex-couple finalised their divorce in 2011. They have a daughter, Kylie.
Michael Rubin's net worth
Michael Rubin was named among Forbes 20 Most Powerful CEOs 40 and Under in 2011. Sports Business Journal also honoured him for being among the Top 50 Most Influential People in Sports Business between 2015 and 2019.
Rubin was named the Sports Business Journal Executive of the Year in 2022. He was also included in the Bleacher Report "Power 50" list of the most influential people in sports.
Is Michael Rubin a billionaire? Michael Rubin's net worth is approximately $11.4 billion as of July 2023. He has accumulated wealth from his businesses and is among the top self-made billionaires.
Who was at Michael Rubin's party?
The business mogul hosted his anticipated annual Fourth of July party in the Hamptons. The party was graced by extravagance from star-studded guests and A-list celebrities, including Odell Beckham Jr, Beyonce, Jay Z, Jennifer Lopez, Ben Affleck, Violet Affleck, Travis Scott and Lil Baby, to mention a few.
As part of the celebration, Lori Harvey and some of her friends, including Hailey Bieber, Kim Kardashian and LaLa Anthony, participated in a fashion show showcasing their outfits. Others like Usher and Ne-Yo surprised the guests with impromptu performances, and DJs like Druski, Travis Scott and Jack Harrow dominated the DJ booth.
Michael Rubin is a notable internet entrepreneur dubbed the self-made billionaire. Driven by an unquenchable quest for business and a deep passion for sports, he has built multi-billion businesses.
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Source: Briefly News
