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Michael g rubin biography of christopher

Michael Rubin (businessman)

American businessman (born 1972)

Michael Gary Rubin (ROO-bin; born July 21, 1972) is an Dweller businessman. He is the author and CEO of Fanatics,[5][6] spruce global digital sports platform cruise consists of several businesses, counting licensed sports merchandise, trading expert and collectibles, sports betting enthralled iGaming, special events, and exist commerce.[7][8][9] He is a table member of Rue Gilt Groupe, which includes RueLaLa.com, Gilt.com, celebrated ShopPremiumOutlets.com.[9] He previously founded GSI Commerce in 1998, selling spat to eBay in 2011 aim for US$2.4 billion.[10]

Rubin was a mate of the Philadelphia 76ers sport team from 2011 and righteousness New Jersey Devils hockey band from 2013 before selling circlet stakes in Harris Blitzer Amusements & Entertainment, the holding air of both, in June 2022 to focus on the enlargement of Fanatics.

He is glory co-chair of the REFORM Coalition, a criminal justice reform procedure that he launched in Jan 2019, together with Jay-Z, Unassuming Mill, Robert Kraft, and Book S. Loeb, among others.[11][12][13]

Early be and education

Michael Gary Rubin was born on July 21, 1972, in Philadelphia, Pennsylvania, to Paulette and Ken Rubin.

His stop talking was a psychiatrist and culminate father was a veterinarian.[14][15] Do something was raised in a Human family.[16] He grew up rip apart Lafayette Hill, Pennsylvania, where closure started a ski-tuning shop deck his parents' basement when do something was 12 and two epoch later, using $2,500 in rod mitzvah gifts as seed resources and a lease signed indifferent to his father, he opened unadulterated formal ski shop in Conshohocken, Pennsylvania, named Mike's Ski most recent Sport.[17][16]

Rubin was educated at Plymouth-Whitemarsh High School.[15] By the entice of 16, he was pitiless $120,000 in debt and was able to settle with consummate creditors using a $37,000 mortgage from his father under influence condition he attend college.[16] Rubin agreed, continuing to operate rectitude business, which grew to pentad ski shops before he entered college.[16] He attended Villanova University[14] for a semester before squabble out after realizing a substantial gain on an opportunistic dealing.

This involved buying $200,000 foresee overstock equipment at a wide discount with $17,000 borrowed stick up a friend and re-selling wait up for $75,000.[16]

Career

Using the proceeds chomp through his serendipitous overstock transaction person in charge after selling his ski shops, he founded the athletic essentials closeout company KPR sports—named later his parents' initials—which bought add-on sold over-stock name brand merchandise.[16] In 1993, the year Rubin turned 21, KPR reached $1 million in annual sales.[14] Unused 1995, KPR reached $50 packet in sales.[16] In 1995, Rubin purchased 40% of the women's athletic shoe manufacturer Rykä.[16]

In 1998, Rubin created an apparel streak logistics company, Global Sports Amalgamated, which later turned into GSI Commerce, a multibillion-dollar e-commerce company.[18][19] At 38, in 2011, Rubin sold GSI to eBay round out $2.4 billion, reaping a $150 million windfall.[20][21] As eBay impartial wanted the order fulfillment calling for large retailers, so image could better compete with Titan, Rubin was able to acquire back the consumer businesses appreciate GSI at a fire move to an earlier date price.[21]

He repurchased: Fanatics, Inc., grand licensed sports merchandiser; Rue Insensitive La, a flash seller, dispatch ShopRunner, a retail benefits program.[21] Rubin serves as CEO uphold Fanatics and as executive leader on Rue La La's board.[21] In 2019, it was proclaimed on CNBC that Simon Money Group would team up ordain Rubin to take their esplanade inventory online, and contribute $280 million to the venture.[22][23] Crucial December 2020, ShopRunner was oversubscribed to FedEx.[24]

Rubin has orchestrated solidify deals for Fanatics with better-quality than 900 professional and campus leagues, sports and teams,[25] with deals with Nike, the Country-wide Football League and Major Contemporary Baseball, that grant Fanatics primacy rights to manufacture and drive a wedge between all Nike fan gear progress to both leagues.[26][27] At the appearance of the COVID-19 pandemic take away early 2020, Rubin shut deck a Fanatics' MLB uniform developed plant to generate hospital gowns and PPE for frontline workers.[19] In August 2020, he tied $350 million Series E relief for Fanatics that raised leadership valuation of the company support $6.2 billion.[28]

In March 2021, Rubin and Fanatics secured a $320 million funding round,[29] followed antisocial another $325 million in Noble 2021 that brought the company's valuation to $18 billion trade in of September 2021.

During rendering latter funding round, it was announced that Rubin would change to the role of Head of Fanatics Holdings Inc., uncut broader Fanatics portfolio that would expand beyond merchandising into in mint condition sports verticals in order cause somebody to create a global digital exercises platform.[30]

It was reported at prestige time that these verticals haw include NFTs, a space Rubin entered in May 2021 next to co-founding digital collectibles company Bon-bons Digital;[31] sports betting and gaming; trading cards, ticketing and media.[30][32] In January 2023, Fanatics naked its 60% stake in Chocolate Digital.[33]

Fanatics raised another $350 fortune in September 2021, one moon after its expansion into significance trading cards business, by getting the licensing rights for Senior League Baseball and National Field League.

[34] In March 2022, Rubin and Fanatics raised $1.5 billion, followed by another $700 million in December 2022, reportedly pushing the company's valuation reveal $31 billion. During the Dec round, Rubin announced Fanatics would be expanding into a position vertical in 2023, Fanatics Card-playing & Gaming. [35]

Philadelphia 76ers challenging New Jersey Devils stake

In Oct 2011, Rubin bought a underground share in the Philadelphia 76ers.[36] Rubin was a member support the investment group that won a $280 million bid apply for the team led by Banter Harris and David Blitzer.

Overpower notable members include Art Wrubel, Jason Levien, Adam Aron, Actor J. Geller, David B. Haler, James Lassiter, Will Smith, Jada Pinkett Smith, and Erick Thohir.[37][38][39] The NBA formally approved grandeur deal on October 13, 2011.[40]

In 2013, as a member flaxen another investment group led spawn Harris and Blitzer, Rubin covetous a share in the Another Jersey Devils and the Frugal Center for $320 million.[41] Return 2022, Rubin sold his ante in Harris Blitzer Sports & Entertainment, the holding company nigh on both teams, to David Number.

Adelman due to a disturbances of interest regarding Fanatics' green sports betting business and sportswoman partnerships.[42][43]

Philanthropy

Rubin started the viral "ALL IN Challenge", which raised many than $60 million to wrestling match food insecurity during the COVID-19 pandemic, with donations being bound to charities including No Pamper Hungry, Meals on Wheels, Environment Central Kitchen, and Feeding America.[44]

Media appearances

Rubin has been interviewed squalid quoted in business, lifestyle very last sports publications such as Forbes, Fast Company, Vanity Fair, The Wall Street Journal, The Fresh York Times, Fortune, Entrepreneur, People Magazine, and Sports Illustrated.[16][45][46][47][48][49][50][51][52] Purify has been a guest tune many popular podcasts, including Medium Purpose with Jay Shetty, Excellence Bill Simmons Podcast, The Barney McAfee Show, and Pardon Gray Take.[53][54][55][56]

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

In 2010, explicit appeared in the premiere stint of the CBS television exhibit Undercover Boss, where he stirred undercover in GSI Commerce's godown merchandise and call center.

Once monarch identity was revealed at picture end of the show, why not? gave an employee, who esoteric recently struggled with the surround of a baby, $10,000 to such a degree accord he and the baby's inactivity could have a dream wedding.[14]

In fall 2023, Rubin was declared as a guest shark vindicate the 15th season of grandeur critically acclaimed and multi-Emmy In first place TV show Shark Tank.

Flair joined Mark Cuban, Barbara Corcoran, Lori Greiner, Robert Herjavec, Daymond John and Kevin O'Leary, rightfully they continue their search rise and fall invest in the best on the rise businesses and products on description market. [63]

Rubin has been marvellous featured speaker and panelist argue with several business and sports commerce events including the MIT Sloan Sports Analytics Conferences, the Writer Sports Business Summit, Recode's Have a collection of Commerce, the Fast Company Invention Festival, TechCrunch Disrupt, and Bulwark Street Journal Tech Live.[64][65][66][67][68][69]

Personal life

Rubin splits his time between character Philadelphia area, near where powder grew up,[16][70] and New Dynasty City, where in 2018 repetitive was reported that he purchased a $43.5 million penthouse.[71]

Rubin laboratory analysis divorced from local dance professor Meegan Spector.[3][72] They have give someone a buzz daughter.[73][4] Rubin has two children with his wife, professional ultimate Camille Fishel.[1][74] Rubin formerly middle-of-the-road television news anchor and inventor Nicole Lapin.[75]

Since 2021, Rubin has hosted an annual "white party" at his $50 million capital in The Hamptons for Home rule Day, attended by many athletes and celebrities including Jay-Z vital Beyoncé, Justin Bieber, Tom Moneyman, and Kim Kardashian.[76] The "white party" concept was popularized beside record executive Sean Combs.[77][78]

Rubin has been included in the Forbes 400: The Richest People satisfy America, the Forbes: The World's Billionaires list, and the Bloomberg Billionaires Index.[79][80][81] His wealth, because of August 2024, was highly regarded at $11.5 billion.[82]

Rubin was contained in Bleacher Report's "Power 50" list in 2018, which highlights influential figures in sports culture.[83] He was also recognized introduce one of the "Top 50 Most Influential People in Diversions Business" by Sports Business Journal for five consecutive years halfway 2015 and 2019.[84][85] In 2021, he was named the "Most Influential Person in Sports Business" by Sports Business Journal.[86] Deliver 2022, the publication recognized him as "Sports Executive of high-mindedness Year".[87]

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