On October 13, Bryn Mawr Billionaire Michael Rubin made his debut as a “guest investor” on the ABC show Shark Tank.
From the Shark Tank Website –
Michael Rubin, noted internet entrepreneur, philanthropist and social justice advocate, has built several multibillion-dollar direct-to-consumer companies. Driven by a deep passion for business and a life-long love of sports, Rubin is CEO of Fanatics, a global digital sports platform that is reimagining the fan experience across many different businesses, including licensed merchandise, physical and digital trading cards and collectibles, and sports betting and gaming. He is a board member of Rue Gilt Groupe, the premier off-price, e-commerce destination that includes RueLaLa.com, Gilt.com and ShopPremiumOutlets.com. He also founded GSI Commerce, which was sold to eBay in 2011 for $2.4 billion.
Philadelphia Business Journal reported that – Rubin is one of the wealthiest Americans, with a net worth of $11.5 billion as of October, according to the latest Forbes 400 list of the nation’s richest people. Rubin’s net worth has spiked nearly 230% since 2021 as Fanatics has struck partnerships with sports leagues, gone on an acquisition spree and leaned into areas outside of merchandise like sports betting. Rubin ranks at No. 61 on the national list, up three spots from No. 64 last year. Earlier this year, he ranked at No. 151 on Forbes’ annual World’s Billionaires list, jumping more than 100 spots from No. 284 in 2022.