Michael Rubin Net Worth, Age, Height, Bio, Birthday, Wiki!

Explore Michael Rubin net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is Michael Rubin? Who is Michael Rubin dating now & how much money does Michael Rubin have?

Michael Rubin Biography

Michael Rubin is one of the most popular and richest Business Executive who was born on February 22, 1972 in United States, United States. Business executive who is known for being the Chief Executive Officer of the e-commerce company Kynetic which he founded in 2011. He is also the Executive Chairman of their sub-businesses Fanatics, Rue La La, and ShopRunner. He is also known for being the co-owner of the Philadelphia 76ers and the New Jersey Devils.

He is a member of the investment group who bought the Philadelphia 76ers along with Will Smith and Jada Pinkett Smith.

Using the proceeds from his serendipitous overstock transaction and after selling his ski shops, he went on to found the athletic equipment closeout company KPR sports – named after his parents’ initials – which bought and sold over-stock name brand merchandise. In 1993, the year Rubin turned 21, KPR reached $1 million in annual sales; by 1995, KPR reached $50 million in sales. In 1995, Rubin purchased 40% of the women’s athletic shoe manufacturer Ryka.

In 1998, Rubin created Global Sports, which would later turn into GSI Commerce, a multibillion-dollar e-commerce company. At 38, Rubin sold GSI to eBay for $2.4 billion reaping a $150 million windfall. As eBay just wanted the order fulfillment business for large retailers so it could better compete with Amazon.com, Rubin was able to buy back the consumer businesses of GSI at a fire sale price. He repurchased: Fanatics, Inc., a licensed sports merchandiser; Rue La La, a flash seller, and Shop Runner, a retail benefits program, merging the three companies into a new entity named Kynetic. Rubin serves as executive chairman on each of his three companies’ boards. In 2019, it was announced on CNBC that Simon Property Group would team up with Rubin to take their mall inventory online and contribute $280 million to the venture.

He was born and raised in Lafayette Hill, Pennsylvania. His mother and father allowed him to start his first business, a ski-tuning shop, in their basement when he was 12. He began dating CNN news anchor Nicole Lapin in 2011.

Ethnicity, religion & political views

Many peoples want to know what is Michael Rubin ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Michael Rubin's ethnicity is Not Known. We will update Michael Rubin's religion & political views in this article. Please check the article again after few days.

In 2011, Forbes named him one of the year’s “20 Most Powerful CEOs 40 and Under.”

Michael Rubin Net Worth

Michael Rubin is one of the richest Business Executive from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Michael Rubin's net worth $2.3 Billion. (Last Update: December 11, 2023)

He opened a formal ski shop at the age of 14 from the money he made from his bar mitzvah. The shop expanded to five storefronts by the time he attended Villanova University. He went on to found the athletic equipment company KPR Sports.

He was included in the Forbes 400: The Richest People in America list as well as the Forbes: The World’s Billionaires list. In 2010, he was featured as a guest on the CBS television series Undercover Boss.

Michael G. Rubin (born 1972) is an American businessman. He is the chief executive officer of Kynetic, a direct-to-consumer e-commerce company he founded in 2011. He is also executive chairman at each of Kynetic’s three businesses: Fanatics, the world’s leading online seller of licensed sports merchandise; Rue La La, a flash sales site; and ShopRunner, a members-only service for online shoppers. He previously founded GSI Commerce in 1998, selling it to eBay in 2011 for $2.4 billion.

Rubin was honored by the Network for Teaching Entrepreneurship (NFTE) at its Philadelphia Visionary Gala in 2011 for representing “the true spirit and determination of an entrepreneur” and serving as an inspiration to NFTE students.

In October 2011, Rubin bought a minority share in the Philadelphia 76ers. Rubin is a member of the investment group that won a $280 million bid for the team. The other members of the investment group include Joshua Harris of the private equity firm Apollo Global Management, portfolio manager Art Wrubel, former Sacramento Kings executive Jason Levien, former Vail Resorts CEO Adam Aron, Martin J. Geller, David B. Heller, Travis Hennings, James Lassiter, David S. Blitzer, Will Smith & Jada Pinkett Smith, and Indonesian businessmen Handy Soetedjo & Erick Thohir. Comcast-Spectacor began talks with the investment group in the summer of 2011. The deal was announced on July 13, 2011. The NBA formally approved the deal on October 13, 2011.

Height, Weight & Body Measurements

Michael Rubin height Not available right now. Michael weight Not Known & body measurements will update soon.

In 2010, he appeared in the premiere season of the CBS television show Undercover Boss, where he worked undercover in GSI Commerce’s warehouse and call center. Once his identity was revealed at the end of the show, he gave an employee, who had recently struggled with the death of a baby, $10,000 so he and the baby’s mother could have a dream wedding.

Rubin has been a featured speaker and panelist at e-commerce and sports industry events including the Shop.org 2014 Summit, the MIT Sloan Sports Analytics 2014 and 2015 Conferences.

Who is Michael Rubin Dating?

According to our records, Michael Rubin married to Meegan Rubin . As of December 1, 2023, Michael Rubin’s is not dating anyone.

Two years later, as a member of the same investment group, Rubin bought a share in the New Jersey Devils hockey team and management of the Prudential Center for $320 million. The deal was approved by the NHL and announced August 15, 2013.

Facts & Trivia

Michael Ranked on the list of most popular Business Executive. Also ranked in the elit list of famous people born in United States. Michael Rubin celebrates birthday on February 22 of every year.

In 2018, it was reported that Rubin purchased a $43.5 million penthouse in Manhattan.

What is Michael Rubin known for?

Michael Rubin is the founder and CEO of online sports merchandising retailer Fanatics. After dropping out of Villanova University, Rubin started GSI Commerce, which he sold to eBay for $2.4 billion in 2011.

What is Fanatics net worth?

Net Worth Summary It has the world’s largest collection of officially licensed U.S. fan gear, according to its website. Fanatics was valued at $27 billion in a February 2022 funding round, according to a Bloomberg News report.

Who is the owner of the 76ers?

Harris Blitzer Sports & Entertainment

Who founded Fanatics?

Michael G. Rubin

Does Will Smith still own 76ers?

After years of promoting the city of Brotherly Love and its NBA team, actor/musician Will Smith and wife Jada now have a minority stake in the Philadelphia 76ers.

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