Michael Rubin Net Worth
Michael Rubin is an American entrepreneur who has a net worth of $6.2 billion. He is the executive chairman of Fanatics, the world-leading licensed sports equipment, sportswear, and merchandise provider. Plus, Rubin is the chairman for Rue La La and ShopRunner. Besides, the billionaire is known for his investments in several other companies.
At the same time, Michael also co-owns the basketball team, the Philadelphia 76ers. On top of that, he is also the co-owner of the hockey team named New Jersey Devils. So, how did he start his business? So, to know everything about his works and more, dive into the article below.
Quick Facts About Michael Rubin
|Michael Rubin Estimated Net Worth||$6.2 Billion|
|Date Of Birth||July 21, 1972|
|Married/Dating||Girlfriend: Camille Fishel|
Ex-wife: Meegan Rubin
|Children||Kylie Rubbin and Romi Rubin|
|Height||5 feet and 10 inches (1.8m)|
Michael Rubin Career - How Did He Become Self-made Billionaire?
Michael's total fortune is $6.2 billion as of July 2021. As the founder and chairman of several world-dominating companies and groups, his net worth rose drastically in a decade. Only in 2011, he was one of the richest businessmen with a worth of $2.3 billion. But, currently, he has acquired more than $6 billion from his business. And his fortune is expected to grow shortly.
It was not an easy ride for Michael to come this far as there was vigorous competition in the market. However, the business enthusiast didn't fear anything since the beginning of his journey. Precisely, Rubin initiated his business at the age of 12 by opening a ski-tuning shop at his parent's basement in his hometown.
Then, when Michael reached 14, he opened a ski shop. Though the entrepreneur was in debt of $200,000 while operating the business, he dealt with the situation by borrowing $37,000 from his birth father. And by the time Rubin joined the college, his shop expanded to five outlets.
Later, Michael got the golden chance of buying the highly-discounted pieces of equipment at $17,000 (the original price was $200,000). And the intelligent businessman re-sold those products at $75,000. This event made him open the KPR Sports, the athletic equipment closeout company.
His KPR Sports became a huge profit, as it generated about $1 million in revenues within few years of its establishment. By 1995, the company sold about $50 million worth of goods. So, in the same year, Rubin used his business tactics by buying 40% of the Ryka, the women's athletic shoe manufacturing company.
After three years in 1998, Michael expanded his business by creating a logistics and apparel company called GSI Commerce (initially known as Global Sports Incorporated). But in 2011, Rubin sold the company to the eBay, worth $2.4 billion. First, however, he repurchased the consumer businesses of the GSI, which includes, Fanatics, Rue La La, and the Shop Runner.
Next, Michael merged all those three companies (Fanatics, Rue La La, and the Shop Runner) into the new organization, Kynetic. Up to date, Rubin has done partnerships with many other companies for all his three major businesses. And, the rest is history.
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Who Is Michael Rubin Girlfriend? Detail On His Love Life
The billionaire is dating a professional model, Camille Fishel, for many years. They have been living together as they are deeply in love with each other.
Also, the couple is often seen attending the party and other places. And soon, they might exchange their wedding vows.
Past Marriage And Relationship
Michael was married to Meegan Rubin, who is a local dance teacher. However, their wedding date is out of reach. Within time, their marriage fell apart, and they separated from each other in 2011.
After that, the billionaire was linked with the CNN News anchor Nicole Lapin for a short time.
Does Michael Rubin Have Kids?
The businessman is parenting his first-born girl, Kylie Rubbin. Kylie's birth mother is Meegan Rubin (Michael's former wife).
Then, Michael became blessed with another girl child, Romi Rubbin, in July 2020 with his current girlfriend, Camille Fishel.
Michael Rubin Wiki - Age And Family
Michael was born on 21st July 1972 in Lafayette Hill, Pennsylvania, United States of America. Within few weeks, he will be 49 years old. And his birth sign is Cancer.
He is a son to his father, Ken Rubin and a mother, Paulette Rubin. Ken is a veterinarian. In contrast, Michael's mother is a psychiatrist by profession.
Besides, there is no information on Michael's siblings.
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Michael Rubin Education
Michael attended the school in his hometown. However, the name of his high school is not available.
Later, he went to the Villanova University. But, he stopped his further studies after six weeks.
Interesting Facts About Michael Rubin
- Michael is followed by 272K people on his Instagram, @michaelrubin.
- At the age of eight, Michael began his small business by selling vegetable door to door.
- When his company, KPR Sports made about $1 million in annual sales, Michael was only 21 years old.
- In 2018, Michael bought the penthouse in Manhattan, worth $43.5 million.
- He has a close friendship with rapper Meek Mill.
- Michael's religion is Christian.
- His nationality is American.