According to Forbes.com, he is #882 in the World Billionaires List and #292 in America. Forbes.com is the founder and CEO of Kynetic, an e-commerce services company. The founder has 90% stake in the company which currently has an estimated value of $1.4 billion.
Michael G. Rubin Net Worth $1.7 Billion
At 13, Rubin opened his first business, a ski-tuning store in his parents’ basement. At 23, Rubin founded KPR Sports which dealt on athletic gear close-outs and purchased 40% of Ryka, a shoe firm. He created Global Sports in 1998 which was become a multi-billion dollar e-commerce company, GSI Commerce in 1999. In 2011, Rubin sold the business to eBay for $2.4 billion. He then took three GSI assets that eBay failed to care to bear — a leading online retailer of licensed sports merchandise, Fanatics; a leading flash sales site, Rue La La; and the prime competitor of Amazon, Shop-Runner, an innovative members-only service to build Kynetic.
Michael G. Rubin is a minority owner of the Philadelphia 76ers. He played a part in the television show Undercover Boss on CBS. He was also mentioned in The New York Times and People Magazine. In 2011, Michael was named in the “20 Most Powerful CEOs 40 and Under” by Forbes.