Michael Rubin
Source of wealth: Online retail
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The scale of their wealth
Health
The price of life
Let's compare Michael Rubin's fortune with the healthcare spending of a massive country
Michael Rubin could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 4.3 years.
But even if we compare their fortune with that of a rich country
On the other end, Michael Rubin could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.9 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Michael Rubin could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.8 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Michael Rubin could pay for it entirely for 3.8 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Michael Rubin could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 16.1 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Michael Rubin with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.4 years.
Gold
Everyday luxuries
Michael Rubin's fortune is equivalent to 66 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Michael Rubin could buy 17,540,947 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 3 trucks to transport them. Although Michael Rubin will almost certainly have enough money left over to pay for the gas.
Biography
Michael Rubin is the founder and CEO of Fanatics, the online sports merchandising retailer that also offers trading cards, autographed collectibles, live events and sports betting.
After dropping out of Villanova University, Rubin started GSI Commerce, which he sold to eBay for $2.4 billion in 2011.
As part of the deal, he paid $500 million for majority ownership of three assets eBay didn't want: Fanatics, Rue La La and ShopRunner.
In 2018, flash-sales site Rue La La acquired rival Gilt Groupe. A year later, mall operator Simon Property Group took a 50% stake in the combined company.
Rubin sold ShopRunner to FedEx for an undisclosed amount in 2020. He still owns minority stakes in Fanatics and Rue Gilt Group.
Fanatics was valued at $31 billion by private investors in 2022. Forbes estimates the company is now worth $25 billion.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison