Net Worth: $2.3 Billion
- Source of Wealth Business and Company
- Marital Status In a relationship (Nicole Lapin)
- Full Name Michael G. Rubin
- Nationality American
- Date of Birth 1972
- Ethnicity Jewish
- Occupation Internet Entrepreneur
- Education Villanova University (Drop Out)
- Children 1
About Michael G. Rubin
Renowned Internet entrepreneur Michael G. Rubin has an estimated net worth of $2.3 billion as of August 2016. According to Forbes.com, he is #882 in the World Billionaires List and #292 in the United States. He is the founder and CEO of Kynetic, an e-commerce services company. He has 90% stake in the company which currently has an estimated value of $1.4 billion.
At 13, Rubin opened his first company, a ski-tuning shop in his parents’ basement. At 23, he founded KPR Sports which dealt on athletic equipment closeouts and purchased 40% of Ryka, a shoe company. He created Global Sports in 1998 which was turned into a multi-billion dollar e-commerce company, GSI Commerce in 1999. In 2011, he sold the company to eBay for $2.4 billion. He then took three GSI assets that eBay did not want to absorb – a leading online retailer of licensed sports merchandise, Fanatics; a leading flash sales website, Rue La La; and the prime competitor of Amazon, ShopRunner, an innovative members-only service to build Kynetic.
Michael G. Rubin is a minority owner of the Philadelphia 76ers. He played a role in the television show Undercover Boss on CBS. He was also mentioned in The New York Times and People Magazine. In 2011, he was named in the “20 Most Powerful CEOs 40 and Under” by Forbes.
Earnings & Financial Data
The below financial data is gathered and compiled by TheRichest analysts team to give you a better understanding of Michael G. Rubin's net worth by breaking down the most relevant financial events such as yearly salaries, contracts, earn outs, endorsements, stock ownership and much more.
- Earnings 2011
Sale of Asset 2011
Rubin sold his company GSI Commerce to eBay at an estimated price of $2.4 billion.