Michael Rubin Net Worth: Know his incomes, property, career, achievements
Facts of Michael Rubin Net Worth: Know his incomes, property, career, achievements
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An American businessman, Michael Rubin has the huge net worth estimated to be around $3 billion. He is the CEO of an online retailer, Kynetic which is an e-commerce based company.
Know the net worth of Michael Rubin and his sources
Michael Rubin founded an e-commerce service company, Kinetic in 2011 and he is currently the Chief Executive Officer of the company.
After starting the company KPR sports, his company reached $1 million annual sales when he was 21, and reached $50 million two years later.
In 1995, he came to purchase 40% of women's athletic shoe company, Ryka. He sold GSI commerce to e-bay in 2011 for $2.4 billion which he started as Global Sports in 1998.
Rubin is also the Executive Chairman of Fanatics, Rue La La, and ShopRunner, which all are world's leading online selling companies. In 2011, Rubin bought some minority shares of the NBA side, Philadelphia 76ers.
Michael Rubin owns a house in Bryn Mawr, Pennsylvania
Michael Rubin is also included in the Forbes 400: The Richest People in America, and also the Forbes: The World's Billionaires List.
Michael Rubin's Struggles and Hard work to be on the list of the Richest Person in the World
After selling his ski shop, Rubin started a formal shop, KPR sports. His business with the athletic equipment was good as KPR reached $1 million in annual sales in 1993 and $50 million in 1995.
The same year his company reached $50 million in annual sales, he purchased 40% of Ryka, a women's athletic shoe manufacturer.
Rubin came to create Global Sports in 1998 which was later named GSI commerce. In 2011, Rubin sold GSI commerce to eBay.Then, he repurchased Fanatics, Rue La La, and ShopRunner and merged all three companies to form Kynetics.
The same year he sold GSI commerce, he purchased a minority share of Philadelphia 76ers, an NBA team.
Also, Rubin bought a hockey team, New Jersey Devils in 2013, and also bought management of the Prudential Center.
Michael Rubin's Early Life
Born in 1972, to the parents, Paulette and Ken Rubin, Michael G. Rubin was raised in Lafayette Hill. He started ski shop under his parents' basement when he was only 12. Later, he turned it into a formal shop named Mike's Ski and Sport in Conshohocken, Pennsylvania.
Rubin went to Villanova University but later dropped out due to the debt of around $200,000 which was set by himself. He was business-minded from his early days and we see the result now.
Michael Rubin's Personal Life
Rubin was married to a local dance teacher, Meegan Rubin. But the couple divorced in 2011, and they had a daughter together.
Rubin dated CNN news anchor, Nicole Lapin. But the couple is separated now.
Rubin is also a close friend of a rapper, Meek Mill.
Michale Rubin was named "20 Most Powerful CEOs 40 and Under" in 2011 by Forbes.
He was also honored by NFTE(Network for Teaching Entrepreneurship) in 2011 for serving as an inspiration to the students, and also being a successful entrepreneur of the time.
American Businessman$3 billion1972