Michael Rubin Net Worth

Michael Rubin net worth: Michael Rubin is an American businessman and entrepreneur who has a net worth of $2.3 billion. Michael Rubin was born in 1972. Rubin is best known as the founder and CEO of e-commerce services company Kynetic. Michael started a ski-tuning shop out of his parents’ basemen at 12 years old. He opened a ski shop at 14 using money from his bar mitzvah gifts. By the time he was 16 Rubin was $200,000 in debt. Before entering college he grew the business to five ski shops. He sold his ski shops and started the company KPR sports. The company bought and sold over-stock sports equipment. When he was 21 his company reached $1 million in annual sales and two years later it reached $50 million. He purchased 40% of women’s athletic shoe company Ryka in 1995. Rubin started Global Sports in 1998 and the company later turned into GSI Commerce. He sold the company to eBay for $2.4 billion. Rubin later bought back the consumer businesses of GSI. He turned Fanatics, Rue La La, and Shop Runner into the company Kynetic. He has been featured on the CBS show Undercover Boss. Rubin bought a minority share of the NBA’s Philadelphia 76ers in 2011. He lives with his girlfriend Nicole Lapin and has one daughter.