Michael Rubin
- January 4, 2024
- Business Executive
Quick Facts
| Full Name | Michael Rubin |
| Occupation | Business Executive |
| Date Of Birth | Feb 22, 1972(1972-02-22) |
| Age | 52 |
| Birthplace | United States |
| Country | United States |
| Horoscope | Pisces |
Michael Rubin Biography
| Name | Michael Rubin |
| Birthday | Feb 22 |
| Birth Year | 1972 |
| Place Of Birth | United States |
| Birth Country | United States |
| Birth Sign | Pisces |
| Parents | Ken Rubin, Paulette Rubin |
| Spouse | Meegan Rubin |
| Children(s) | Kylie Rubin, Romi Eloise Rubin |
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.
Michael Rubin Net Worth
| Net Worth | $2.3 Billion |
| Source Of Income | Business Executive |
| House | Living in own house. |
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.
Height, Weight & Body Measurements
Michael Rubin height Not available right now. Michael weight Not Known & body measurements will update soon.
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.
Relationships Record : We have no records of past relationships for Michael Rubin. You may help us to build the dating records for Michael Rubin!
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.