What is Michael Rubin's net worth? Fortune explored as Fanatics CEO’s staffer gets arrested for grand theft

F1 Grand Prix of Las Vegas - Day 3 - Source: Getty
Michael Rubin's net worth explored. (Image via Getty)

Michael Rubin's net worth is estimated to be $10 billion, according to Celebrity Net Worth. However, TMZ has reported his estimated net worth to be between $11.6 billion and $12.3 billion. Rubin is the CEO of Fanatics, a famous site for fan gear and sports apparel.

As per the recent reports, a staff member was arrested in Michael Rubin's house for theft after a call was made. However, the police have not revealed the identity of the staff or what she tried to steal from his house. The case is still under investigation.

Additionally, Michael Rubin has also not released any statement on the incident yet.


Exploring Michael Rubin's net worth

Michael Rubin's company, Fanatics, has over eighty offices across the world, which makes it one of the top companies in the sports industry. While the total revenue adds to his net worth, he is also the founder of Fanatics Fest, which adds to the company's branding and overall income.

Speaking of the idea behind the Fest, he said in an interview in Boardroom:

"I had been to so many music festivals where I just saw these incredible showings. And then when we got on the trading card business, I went to the show called The National. So, when you walk into the national, you have two feelings. One, you’re overwhelmed and enjoyed by the pure quantity of collectors that you’re like, this is insane. What an incredible, What an incredible hobby that I’m fortunate to sit in the middle of. The second thing you see is it feels very antiquated."

He continued:

"I don’t think it really changed much from when I was in high school and middle school and cared about trading cards. It Like that, antiquated. And so then I went to Comic-Con like, man, this is sick. This is great. Why can’t we don’t?"

Because of his status, Rubin also appeared on Shark Tank, which has added to his overall net worth. However, the official amount he was paid is not confirmed. Before Fanatics, Michael also opened a ski shop as a teenager which didn't work out in the beginning. However, the early losses didn't stop him, as he eventually expanded his business to five stores even before attending college.

Another early success in his career came when he sold GSI Commerce to eBay for $2.4 billion. He also earned money from appearing on the CBS show Undercover Boss.


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Edited by Vatsala Chauhan