Rubin made $150 million when GSI Commerce, the ecommerce company he built from scratch in 1999, sold to eBay for $2.4 billion in 2011. As part of the deal, Rubin paid $500 million in cash and loans for majority ownership of three GSI assets eBay didn't want to digest. Apparel retailer Fanatics, flash sales website Rue La La, and Amazon Prime competitor ShopRunner are now wrapped under Rubin's holding company Kynetic.
A lifelong entrepreneur, Michael Rubin opened a ski-tuning shop in his parent's Lafayette, Pa. basement at age 12. By high school, he ran his own chain of sports shops. Fanatics, of which he has 72%, was valued at $3.1 billion in a 2013 venture round. He is a minority owner of basketball's Philadelphia 76ers.more » « less