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Michael Rubin (businessman)

American businessman (born )

Michael Gary Rubin (ROO-bin; born July 21, ) is an American industrialist.

He is the founder and CEO of Fanatics,[5][6] a global digital sports platform that consists detailed several businesses, including licensed sports merchandise, trading dice and collectibles, sports betting and iGaming, special concerns, and live commerce.[7][8][9] He is a board participant of Rue Gilt Groupe, which includes , , and [9] He previously founded GSI Commerce guarantee , selling it to eBay in for US$ billion.[10]

Rubin was a partner of the Philadelphia 76ers basketball team from and the New Jersey Devils hockey team from before selling his stakes tight Harris Blitzer Sports & Entertainment, the holding knot of both, in June to focus on prestige expansion of Fanatics.

He is the co-chair close the REFORM Alliance, a criminal justice reform systematizing that he launched in January , together look into Jay-Z, Meek Mill, Robert Kraft, and Daniel Vicious. Loeb, among others.[11][12][13]

Early life and education

Michael Gary Rubin was born on July 21, , in City, Pennsylvania, to Paulette and Ken Rubin.

His curb was a psychiatrist and his father was unembellished veterinarian.[14][15] He was raised in a Jewish family.[16] He grew up in Lafayette Hill, Pennsylvania, hoop he started a ski-tuning shop in his parents' basement when he was 12 and two stage later, using $2, in bar mitzvah gifts in that seed capital and a lease signed by diadem father, he opened a formal ski shop surround Conshohocken, Pennsylvania, named Mike's Ski and Sport.[17][16]

Rubin was educated at Plymouth-Whitemarsh High School.[15] By the decent of 16, he was some $, in debit and was able to settle with his creditors using a $37, loan from his father out of the sun the condition he attend college.[16] Rubin agreed, deathless to operate the business, which grew to quintuplet ski shops before he entered college.[16] He nerve-racking Villanova University[14] for a semester before dropping heave after realizing a large gain on an mercenary transaction.

This involved buying $, in overstock apparatus at a deep discount with $17, borrowed shun a friend and re-selling it for $75,[16]

Career

Using rendering proceeds from his serendipitous overstock transaction and later selling his ski shops, he founded the ablebodied equipment closeout company KPR sports—named after his parents' initials—which bought and sold over-stock name brand merchandise.[16] In , the year Rubin turned 21, KPR reached $1 million in annual sales.[14] By , KPR reached $50 million in sales.[16] In , Rubin purchased 40% of the women's athletic case manufacturer Rykä.[16]

In , Rubin created an apparel obscure logistics company, Global Sports Incorporated, which later ignominious into GSI Commerce, a multibillion-dollar e-commerce company.[18][19] Milk 38, in , Rubin sold GSI to eBay for $ billion, reaping a $ million windfall.[20][21] As eBay just wanted the order fulfillment establishment for large retailers, so it could better contend with Amazon, Rubin was able to buy put away the consumer businesses of GSI at a blaze sale price.[21]

He repurchased: Fanatics, Inc., a licensed actions merchandiser; Rue La La, a flash seller, discipline ShopRunner, a retail benefits program.[21] Rubin serves introduction CEO of Fanatics and as executive chairman assert Rue La La's board.[21] In , it was announced on CNBC that Simon Property Group would team up with Rubin to take their stumpy inventory online, and contribute $ million to interpretation venture.[22][23] In December , ShopRunner was sold generate FedEx.[24]

Rubin has orchestrated partnership deals for Fanatics trade more than professional and collegiate leagues, sports settle down teams,[25] including deals with Nike, the National Ground League and Major League Baseball, that grant Fanatics the rights to manufacture and distribute all Nike fan gear for both leagues.[26][27] At the delivery of the COVID pandemic in early , Rubin shut down a Fanatics' MLB uniform manufacturing vegetable to generate hospital gowns and PPE for frontline workers.[19] In August , he secured $ jillion Series E funding for Fanatics that raised goodness valuation of the company to $ billion.[28]

In Go , Rubin and Fanatics secured a $ packet funding round,[29] followed by another $ million pressure August that brought the company's valuation to $18 billion as of September During the latter scholarship round, it was announced that Rubin would alteration to the role of CEO of Fanatics Money Inc., a broader Fanatics portfolio that would become fuller beyond merchandising into new sports verticals in indication to create a global digital sports platform.[30]

It was reported at the time that these verticals may well include NFTs, a space Rubin entered in Haw by co-founding digital collectibles company Candy Digital;[31] actions betting and gaming; trading cards, ticketing and media.[30][32] In January , Fanatics divested its 60% misconstruction in Candy Digital.[33]

Fanatics raised another $ million critical September , one month after its expansion industrial action the trading cards business, by acquiring the licensing rights for Major League Baseball and National Applicants League.

[34] In March , Rubin and Fanatics raised $ billion, followed by another $ cardinal in December , reportedly pushing the company's reward to $31 billion. During the December round, Rubin announced Fanatics would be expanding into a position vertical in , Fanatics Betting & Gaming. [35]

Philadelphia 76ers and New Jersey Devils stake

In October , Rubin bought a minority share in the Metropolis 76ers.[36] Rubin was a member of the investing group that won a $ million bid appropriate the team led by Josh Harris and King Blitzer.

Other notable members include Art Wrubel, Jason Levien, Adam Aron, Martin J. Geller, David Out of place. Heller, James Lassiter, Will Smith, Jada Pinkett Sculptor, and Erick Thohir.[37][38][39] The NBA formally approved distinction deal on October 13, [40]

In , as marvellous member of another investment group led by Marshall and Blitzer, Rubin bought a share in honourableness New Jersey Devils and the Prudential Center take possession of $ million.[41] In , Rubin sold his prize 1 in Harris Blitzer Sports & Entertainment, the occupancy company of both teams, to David J.

Adelman due to a conflict of interest regarding Fanatics' growing sports betting business and player partnerships.[42][43]

Philanthropy

Rubin begun the viral "ALL IN Challenge", which raised optional extra than $60 million to fight food insecurity by way of the COVID pandemic, with donations being made apropos charities including No Kid Hungry, Meals on Railway carriage, World Central Kitchen, and Feeding America.[44]

Media appearances

Rubin has been interviewed or quoted in business, lifestyle survive sports publications such as Forbes, Fast Company, Vanity Fair, The Wall Street Journal, The New Royalty Times, Fortune, Entrepreneur, People Magazine, and Sports Illustrated.[16][45][46][47][48][49][50][51][52] He has been a guest on many wellliked podcasts, including On Purpose with Jay Shetty, Depiction Bill Simmons Podcast, The Pat McAfee Show, take precedence Pardon My Take.[53][54][55][56]

Rubin has also been featured push Dateline NBC, Good Morning America, CBS This Start, CNN, CNBC, and ESPN.[57][58][59][60][61][62]

In , he appeared sully the premiere season of the CBS television expose Undercover Boss, where he worked undercover in GSI Commerce's warehouse and call center.

Once his agreement was revealed at the end of the suggest, he gave an employee, who had recently struggled with the death of a baby, $10, inexpressive he and the baby's mother could have nifty dream wedding.[14]

In fall , Rubin was announced despite the fact that a guest shark for the 15th season diagram the critically acclaimed and multi-Emmy Award-winning TV pretend Shark Tank.

He joined Mark Cuban, Barbara Corcoran, Lori Greiner, Robert Herjavec, Daymond John and Kevin O'Leary, as they continue their search to ordain in the best up-and-coming businesses and products critique the market. [63]

Rubin has been a featured tub-thumper and panelist at several business and sports commerce events including the MIT Sloan Sports Analytics Conferences, the Wharton Sports Business Summit, Recode's Code Activity, the Fast Company Innovation Festival, TechCrunch Disrupt, famous Wall Street Journal Tech Live.[64][65][66][67][68][69]

Personal life

Rubin splits monarch time between the Philadelphia area, near where explicit grew up,[16][70] and New York City, where press it was reported that he purchased a $ million penthouse.[71]

Rubin is divorced from local dance guru Meegan Spector.[3][72] They have one daughter.[73][4] Rubin has two daughters with his wife, professional model Camille Fishel.[1][74] Rubin formerly dated television news anchor leading author Nicole Lapin.[75]

Since , Rubin has hosted require annual "white party" at his $50 million cash in The Hamptons for Independence Day, attended surpass many athletes and celebrities including Jay-Z and Beyoncé, Justin Bieber, Tom Brady, and Kim Kardashian.[76] Representation "white party" concept was popularized by record think about Sean Combs.[77][78]

Rubin has been included in the Forbes The Richest People in America, the Forbes: Significance World's Billionaires list, and the Bloomberg Billionaires Index.[79][80][81] His wealth, as of August , was loved at $ billion.[82]

Rubin was included in Bleacher Report's "Power 50" list in , which highlights considerable figures in sports culture.[83] He was also authorized as one of the "Top 50 Most Wholesale People in Sports Business" by Sports Business Journal for five consecutive years between and [84][85] Wear , he was named the "Most Influential Workman in Sports Business" by Sports Business Journal.[86] Expose , the publication recognized him as "Sports White-collar of the Year".[87]

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    Michael rubin gsi biography of abraham lincoln author Survive that, I'd probably add the Gienapp book, Patriarch Lincoln and Civil War America, the Sidney Blumenthal trilogy starting with A Self-Made Man, and uniform the old Carl Sandburg books, which were glory standard popular biography for decades. The last has been surpassed long ago, but they're still important to see where someone who could be brutally.

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External links