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Michael Rubin
Rank #251

Michael Rubin

$7985.7B

Bryn Mawr, Pennsylvania, United States

Fashion & Retail

Biography

Michael Rubin is the founder and CEO of online sports merchandising retailer Fanatics.

After dropping out of Villanova University, Rubin started GSI Commerce, which he sold to eBay for $2.4 billion in 2011.

As part of the deal he paid $500 million for majority ownership of 3 assets eBay didn't want: Fanatics, Rue La La and ShopRunner.

In 2018, flash-sales site Rue La La acquired rival Gilt Groupe. In 2019, mall operator Simon Property Group took a 50% stake in the combined company.

Rubin sold ShopRunner to FedEx for an undisclosed amount in 2020. He still owns minority stakes in Fanatics and Rue Gilt Group.