A person is considered a billionaire if their net worth is at least one billion units of a specific currency, typically a significant one like the US dollar, the euro, or the pound sterling.
Who is Michael G. Rubin, a self-made millionaire businessman? Michael serves as the executive chairman of Rue Gilt Groupe, the parent company of several hugely popular e-commerce websites, as well as the chief executive officer of Fanatics.
With its daily sale events that enable a sizable, devoted member base to discover more than 5000 premium and luxury products at discounts of up to 70% off full-price retail, Rue Gilt Groupe created the concept of the online treasure hunt.
RGG is a well-known off-price channel for the most recognisable brands and a dependable online fashion authority for a highly sought-after shopping demographic thanks to its differentiated value proposition.
— Advisory Excellence (@_aenetworking) September 28, 2022
In addition to his commercial ventures, Michael is a philanthropist who organised a viral challenge to generate $60 million for the battle against food insecurity during the COVID-19 pandemic. Michael serves as the Reform Alliance’s co-chair as well.
The Forbes 400: The Richest Americans, Forbes: The World’s Billionaires, and Bloomberg Billionaires Index all include Michael as one of their billionaires.
Fanatics, Inc., a multinational digital sports platform, offers licenced sports apparel, trading cards and collectibles, digital collectibles and NFTs, as well as sports betting and iGaming.
The Florida-based sports store Fanatics, which has a presence online across collegiate and professional teams, was purchased by Rubin from its founders, brothers Alan and Mitchell Trager, in 2011. The new assets were combined with GSI.
Later that year, Rubin sold GSI to eBay for $2.4 billion and then purchased back the sports e-commerce firm, which featured online shops for all North American sports leagues in addition to hundreds of clubs and colleges, continuing to operate under the name Fanatics, Inc.
The current estimated worth of Michael Rubin’s personal wealth is $8 billion.