Michael Rubin

Rubin has been included in the Forbes 400: The Richest People in America and the Forbes: The World's Billionaires list. His personal wealth, as of January 2019, was valued at $2.9 Billion.

Rubin is close personal friends with rapper Meek Mill, advocating for his release from jail in 2018.

In 2018, it was reported that Rubin purchased a $43.5 million penthouse in Manhattan.

Rubin has been a featured speaker and panelist at e-commerce and sports industry events including the Shop.org 2014 Summit, the MIT Sloan Sports Analytics 2014 and 2015 Conferences.

Two years later, as a member of the same investment group, Rubin bought a share in the New Jersey Devils hockey team and management of the Prudential Center for $320 million. The deal was approved by the NHL and announced August 15, 2013.

In October 2011, Rubin bought a minority share in the Philadelphia 76ers. Rubin is a member of the investment group that won a $280 million bid for the team. The other members of the investment group include Joshua Harris of the private equity firm Apollo Global Management, portfolio manager Art Wrubel, former Sacramento Kings executive Jason Levien, former Vail Resorts CEO Adam Aron, Martin J. Geller, David B. Heller, Travis Hennings, James Lassiter, David S. Blitzer, Will Smith & Jada Pinkett Smith, and Indonesian businessmen Handy Soetedjo & Erick Thohir. Comcast-Spectacor began talks with the investment group in the summer of 2011. The deal was announced on July 13, 2011. The NBA formally approved the deal on October 13, 2011.

Rubin was honored by the Network for Teaching Entrepreneurship (NFTE) at its Philadelphia Visionary Gala in 2011 for representing "the true spirit and determination of an entrepreneur" and serving as an inspiration to NFTE students.

In 2011, Forbes named him one of the year's "20 Most Powerful CEOs 40 and Under."

In 2010, 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 revealed at the end of the show, he gave an employee, who had recently struggled with the death of a baby, $10,000 so he and the baby's mother could have a dream wedding.

In 1998, Rubin created Global Sports, which would later turn into GSI Commerce, a multibillion-dollar e-commerce company. At 38, Rubin sold GSI to eBay for $2.4 billion reaping a $150 million windfall. As eBay just wanted the order fulfillment business for large retailers so it could better compete with Amazon.com, Rubin was able to buy back the consumer businesses of GSI at a fire sale price. He repurchased: Fanatics, Inc., a licensed sports merchandiser; Rue La La, a flash seller, and Shop Runner, a retail benefits program, merging the three companies into a new entity named Kynetic. Rubin serves as executive chairman on each of his three companies' boards. In 2019, it was announced on CNBC that Simon Property Group would team up with Rubin to take their mall inventory online and contribute $280 million to the venture.

Using the proceeds from his serendipitous overstock transaction and after selling his ski shops, he went on to found the athletic equipment closeout company KPR sports - named after his parents' initials - which bought and sold over-stock name brand merchandise. In 1993, the year Rubin turned 21, KPR reached $1 million in annual sales; by 1995, KPR reached $50 million in sales. In 1995, Rubin purchased 40% of the women's athletic shoe manufacturer Ryka.

Michael G. Rubin (born 1972) is an American businessman. He is the chief executive officer of Kynetic, a direct-to-consumer e-commerce company he founded in 2011. He is also executive chairman at each of Kynetic's three businesses: Fanatics, the world's leading online seller of licensed sports merchandise; Rue La La, a flash sales site; and ShopRunner, a members-only service for online shoppers. He previously founded GSI Commerce in 1998, selling it to eBay in 2011 for $2.4 billion.