Michael Rubin
Overview
- Source of Wealth
- Online retail
- Industry
- Fashion & Retail
- Residence
- Bryn Mawr, Pennsylvania
- Education
- Villanova University (Drop Out)
- Marital Status
- Divorced
- Children
- 3
Biography
Michael Rubin is the founder and CEO of Fanatics, the online sports merchandising retailer that also offers trading cards, autographed collectibles, live events and sports betting.
After dropping out of Villanova University, Rubin started GSI Commerce, which he sold to eBay for $2.4 billion in 2011.
As part of the deal, he paid $500 million for majority ownership of three assets eBay didn't want: Fanatics, Rue La La and ShopRunner.
In 2018, flash-sales site Rue La La acquired rival Gilt Groupe. A year later, mall operator Simon Property Group took a 50% stake in the combined company.
Rubin sold ShopRunner to FedEx for an undisclosed amount in 2020. He still owns minority stakes in Fanatics and Rue Gilt Group.
Fanatics was valued at $31 billion by private investors in 2022. Forbes estimates the company is now worth $25 billion.
About
At age 12, Rubin founded a ski-tuning shop, called Mike's Ski & Sport, in his parents' basement.
Rubin joined Meek Mill, Jay-Z, Michael Novogratz, Clara Wu Tsai and Daniel Loeb to launch the nonprofit REFORM Alliance to improve probation and sentencing laws.
He owned 10% of the parent company of the Philadelphia 76ers and New Jersey Devils, but he sold his stake in 2022.