Michael Rubin: Entrepreneurial Journey and Philanthropy

Michael Gary Rubin is a prominent American businessman and philanthropist, renowned for his entrepreneurial achievements and contributions to the sports and e-commerce industries. He is the founder and CEO of Fanatics, a global digital sports platform encompassing various businesses, including licensed sports merchandise, trading cards and collectibles, sports betting and iGaming, special events, and live commerce.

Michael Rubin’s journey to becoming a successful entrepreneur began after he dropped out of Villanova University. He started GSI Commerce, an e-commerce company that he eventually sold to eBay for $2.4 billion in 2011. As part of the deal, Michael Rubin acquired majority ownership of three assets that eBay chose not to keep: Fanatics, Rue La La, and ShopRunner, for $500 million.

Under Michael Rubin’s leadership, Fanatics has grown into a leading online sports merchandising retailer, offering a wide range of products and services to sports enthusiasts worldwide. His strategic vision and innovative approach have been pivotal in expanding the company’s reach and influence in the sports industry.

In 2018, Michael Rubin’s flash-sales site Rue La La acquired its rival, Gilt Groupe, further consolidating its position in the market. The following year, mall operator Simon Property Group acquired a 50% stake in the combined entity, Rue Gilt Group, highlighting the company’s significant value and potential for growth.

Michael Rubin continued to make strategic business moves, selling ShopRunner to FedEx for an undisclosed amount in 2020. Despite these transactions, he still retains minority stakes in both Fanatics and Rue Gilt Group, maintaining a vested interest in their ongoing success.

Beyond his business ventures, Michael Rubin is also recognized for his philanthropic efforts. His contributions and initiatives reflect his commitment to giving back to the community and supporting various causes.