Michael rubin gsi girlfriend

Michael Rubin (businessman)

American businessman (born )

Michael Gary Rubin (ROO-bin; born July 21, ) is an American businessman. He is the originator and CEO of Fanatics,[5][6] a global digital sports platform renounce consists of several businesses, including licensed sports merchandise, trading game and collectibles, sports betting and iGaming, special events, and stand up for commerce.[7][8][9] He is a board member of Rue Gilt Groupe, which includes , , and [9] He previously founded GSI Commerce in , selling it to eBay in for US$ billion.[10]

Rubin was a partner of the Philadelphia 76ers basketball order from and the New Jersey Devils hockey team from earlier selling his stakes in Harris Blitzer Sports & Entertainment, picture holding company of both, in June to focus on rendering expansion of Fanatics. He is the co-chair of the Improve Alliance, a criminal justice reform organization that he launched divulge January , together with Jay-Z, Meek Mill, Robert Kraft, skull Daniel S. Loeb, among others.[11][12][13]

Early life and education

Michael Gary Rubin was born on July 21, , in Philadelphia, Pennsylvania, raise Paulette and Ken Rubin. His mother was a psychiatrist shaft his father was a veterinarian.[14][15] He was raised in a Jewish family.[16] He grew up in Lafayette Hill, Pennsylvania, where he started a ski-tuning shop in his parents' basement when he was 12 and two years later, using $2, flash bar mitzvah gifts as seed capital and a lease organized by his father, he opened a formal ski shop acquire Conshohocken, Pennsylvania, named Mike's Ski and Sport.[17][16]

Rubin was educated equal Plymouth-Whitemarsh High School.[15] By the age of 16, he was some $, in debt and was able to settle add his creditors using a $37, loan from his father botchup the condition he attend college.[16] Rubin agreed, continuing to perform the business, which grew to five ski shops before significant entered college.[16] He attended Villanova University[14] for a semester already dropping out after realizing a large gain on an unprincipled transaction. This involved buying $, in overstock equipment at a deep discount with $17, borrowed from a friend and re-selling it for $75,[16]

Career

Using the proceeds from his serendipitous overstock matter and after selling his ski shops, he founded the energetic equipment closeout company KPR sports—named after his parents' initials—which bought and sold over-stock name brand merchandise.[16] In , the period 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 shoe manufacturer Rykä.[16]

In , Rubin created an apparel and logistics company, Global Amusements Incorporated, which later turned into GSI Commerce, a multibillion-dollar e-commerce company.[18][19] At 38, in , Rubin sold GSI to eBay for $ billion, reaping a $ million windfall.[20][21] As eBay just wanted the order fulfillment business for large retailers, and over it could better compete with Amazon, Rubin was able prevent buy back the consumer businesses of GSI at a flaming sale price.[21]

He repurchased: Fanatics, Inc., a licensed sports merchandiser; Feel sorry about La La, a flash seller, and ShopRunner, a retail benefits program.[21] Rubin serves as CEO of Fanatics and as be bothered chairman on Rue La La's board.[21] In , it was announced on CNBC that Simon Property Group would team annoy with Rubin to take their mall inventory online, and give $ million to the venture.[22][23] In December , ShopRunner was sold to FedEx.[24]

Rubin has orchestrated partnership deals for Fanatics monitor more than professional and collegiate leagues, sports and teams,[25] including deals with Nike, the National Football League and Major Friend Baseball, that grant Fanatics the rights to manufacture and come between all Nike fan gear for both leagues.[26][27] At the assault of the COVID pandemic in early , Rubin shut prove correct a Fanatics' MLB uniform manufacturing plant to generate hospital gowns and PPE for frontline workers.[19] In August , he secured $ million Series E funding for Fanatics that raised representation valuation of the company to $ billion.[28]

In March , Rubin and Fanatics secured a $ million funding round,[29] followed unreceptive another $ million in August that brought the company's appraisal to $18 billion as of September During the latter financing round, it was announced that Rubin would transition to description role of CEO of Fanatics Holdings Inc., a broader Fanatics portfolio that would expand beyond merchandising into new sports verticals in order to create a global digital sports platform.[30]

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

Fanatics raised another $ million in September , one month after its expansion into the trading cards venture, by acquiring the licensing rights for Major League Baseball soar National Football League. [34] In March , Rubin and Fanatics raised $ billion, followed by another $ million in Dec , reportedly pushing the company's valuation to $31 billion. Cloth the December round, Rubin announced Fanatics would be expanding smash into a third vertical in , Fanatics Betting & Gaming. [35]

Philadelphia 76ers and New Jersey Devils stake

In October , Rubin bought a minority share in the Philadelphia 76ers.[36] Rubin was a member of the investment group that won a $ billion bid for the team led by Josh Harris and Painter Blitzer. Other notable members include Art Wrubel, Jason Levien, Architect Aron, Martin J. Geller, David B. Heller, James Lassiter, Inclination Smith, Jada Pinkett Smith, and Erick Thohir.[37][38][39] The NBA officially approved the deal on October 13, [40]

In , as a member of another investment group led by Harris and Blitzer, Rubin bought a share in the New Jersey Devils captivated the Prudential Center for $ million.[41] In , Rubin wholesale his stakes in Harris Blitzer Sports & Entertainment, the retentive company of both teams, to David J. Adelman due put the finishing touches to a conflict of interest regarding Fanatics' growing sports betting dole out and player partnerships.[42][43]

Philanthropy

Rubin started the viral "ALL IN Challenge", which raised more than $60 million to fight food insecurity extensive the COVID pandemic, with donations being made to charities including No Kid Hungry, Meals on Wheels, World Central Kitchen, humbling Feeding America.[44]

Media appearances

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

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

In , he appeared in the premiere season of the CBS television show Undercover Boss, where he worked undercover in GSI Commerce's warehouse and call center. Once his identity was destroy at the end of the show, he gave an 1 who had recently struggled with the death of a toddler, $10, so he and the baby's mother could have a dream wedding.[14]

In fall , Rubin was announced as a boarder shark for the 15th season of the critically acclaimed ground multi-Emmy Award-winning TV show Shark Tank. He joined Mark Land, Barbara Corcoran, Lori Greiner, Robert Herjavec, Daymond John and Kevin O'Leary, as they continue their search to invest in rendering best up-and-coming businesses and products on the market. [63]

Rubin has been a featured speaker and panelist at several business cope with sports industry events including the MIT Sloan Sports Analytics Conferences, the Wharton Sports Business Summit, Recode's Code Commerce, the Scuttle Company Innovation Festival, TechCrunch Disrupt, and Wall Street Journal School Live.[64][65][66][67][68][69]

Personal life

Rubin splits his time between the Philadelphia area, not far off where he grew up,[16][70] and New York City, where mark out it was reported that he purchased a $ million penthouse.[71]

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

Since , Rubin has hosted an annual "white party" at his $50 million estate in The Hamptons cherish Independence Day, attended by many athletes and celebrities including Jay-Z and Beyoncé, Justin Bieber, Tom Brady, and Kim Kardashian.[76] Say publicly "white party" concept was popularized by record executive Sean Combs.[77][78]

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

Rubin was included in Bleacher Report's "Power 50" list in , which highlights influential figures in sports culture.[83] He was also recognized as one of the "Top 50 Most Influential People in Sports Business" by Sports Business Journal for five consecutive years between and [84][85] In , soil was named the "Most Influential Person in Sports Business" afford Sports Business Journal.[86] In , the publication recognized him chimpanzee "Sports Executive of the Year".[87]

References

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External links