⬅ # 233 Chen Tianshi|# 235 Mikhail Prokhorov ➡

# 234 Michael Rubin 

$10.5B

Real Time Net Worth
as of 12/22/2024

# 234 Michael Rubin 

$10.5B

Real Time Net Worth
as of 12/22/2024
OccupationFounder and CEO, Fanatics
Source of WealthOnline Retail
Age52
ResidenceBryn Mawr, Pennsylvania
Marital StatusDivorced
Children1
EducationDrop Out, Villanova University
Age-Adjusted Net Worth$18.1B
Michael Rubin
Michael Rubin
United States
Net worth: $10.5B

Self-Made Score 

Rado True Square Swiss Automatic Watch with Ceramic Strap

Wealth History

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Biography

Early Life and Education

Michael Gary Rubin was born on July 21, 1972 in Philadelphia
Raised in Lafayette Hill, Pennsylvania
Entrepreneurial Ventures: Started a ski-tuning shop at age 12, opened a formal ski shop at 14, and later operated a business with five ski shops
Debt at 16: Accumulated $120,000 in debt, settled with creditors using a $37,000 loan from his father on the condition he attends college
College: Attended Villanova University for a semester before dropping out after a successful business transaction

Career Highlights

1993: Founded KPR Sports, an athletic equipment closeout company
1995: Purchased 40% of women's athletic shoe manufacturer Rykä
1998: Founded Global Sports Incorporated (later GSI Commerce), an apparel and logistics company
2011: Sold GSI Commerce to eBay for $2.4 billion and repurchased Fanatics, Rue La La, and ShopRunner
2018: Orchestrated a deal with Simon Property Group to take mall inventory online, contributing $280 million
2020: Sold ShopRunner to FedEx
2021: Transitioned to the role of CEO of Fanatics Holdings Inc., expanding the company into new sports verticals
2023: Fanatics announced expansion into Fanatics Betting & Gaming

Sports Investments

2011: Bought a minority share in the Philadelphia 76ers
2013: Bought a share in the New Jersey Devils and the Prudential Center
2022: Sold stakes in Harris Blitzer Sports & Entertainment due to conflicts related to Fanatics' sports betting business

Fanatics and Business Expansions

CEO and Founder of Fanatics, a global digital sports platform
Fanatics Partnerships: Over 900 professional and collegiate leagues, sports, and teams, including Nike, NFL, and MLB
2020: Converted Fanatics' MLB uniform manufacturing plant into a facility for producing hospital gowns and PPE during the COVID-19 pandemic
2021: Raised $320 million in funding for Fanatics
2022: Raised $1.5 billion followed by another $700 million, pushing the company's valuation to $31 billion
2023: Expanded Fanatics into Fanatics Betting & Gaming

Personal Life

Relationships: Married Meegan Spector in 2005, divorced in 2012; has a daughter with Meegan and a second daughter with Camille Fishel
Social Events: Hosts an annual 'white party' in The Hamptons since 2021, attended by athletes and celebrities

Michael Rubin's Wealth is Equivalent to:

8,106,236 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,992,431 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

107,619 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Michael Rubin?

If you started with $10,000 and invested an additional $500 each month at a 42.82% CAGR, it would take you 5 years to reach Michael Rubin's net worth of $10.5B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 67.72% compared to 25.94% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Michael Rubin is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Michael Rubin, Online Retail is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey