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Fanatics Founder Michael Rubin Is Billions Of Dollars Richer After Company Scores $18 Billion Valuation

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Fanatics founder Michael Rubin is billions of dollars richer after the company scored an $18 billion valuation

Fanatics Super Bowl Party at College Football Hall of Fame on January 5, 2019 in Atlanta, Georgia. Michael Rubin, the founder and chairman of popular sports apparel merchandiser Fanatics, is now worth $8 billion after Fanatics closed a $325 million funding round on Monday,estimates. The latest funding round propelled Fanatics’ valuation from $12.

Rubin’s fortune has more than doubled over the past year as Fanatics has continued to grow in popularity. In March, the company announced that investors had pumped $320 million into the company at a $12.8 billion valuation, more than double its previous valuation. That drove Rubin’s net worth, whichhad estimated at $3.5 billion, up to $6.2 billion.

and predicted that the U.S. market could grow to $22 billion annually when all U.S. states allow sports gambling. So far, it’s legal in 21 states and Washington, D.C.

 

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