{"id":320544,"date":"2021-08-10T18:24:03","date_gmt":"2021-08-10T15:24:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/jay-z-invests-in-michael-rubins-18b-fanatics-company\/"},"modified":"2021-08-10T18:24:03","modified_gmt":"2021-08-10T15:24:03","slug":"jay-z-invests-in-michael-rubins-18b-fanatics-company","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/jay-z-invests-in-michael-rubins-18b-fanatics-company\/","title":{"rendered":"#JAY-Z Invests In Michael Rubin&#039;s $18B Fanatics Company"},"content":{"rendered":"<p>&#8220;<strong>#JAY-Z Invests In Michael Rubin&#039;s $18B Fanatics Company<\/strong>&#8221;<\/p>\n<div class=\"image large\">\n<img decoding=\"async\" src=\"https:\/\/static.hiphopdx.com\/2021\/08\/GettyImages-1203424396-e1628603902491-1200x675.jpg\" alt=\"JAY-Z Invests In Michael Rubin's $18B Fanatics Company\" class=\"large\"><\/p>\n<div class=\"news-caption\">\n<span>Kevin Mazur\/Getty Images<\/span>\n<\/div>\n<\/div>\n<p><\/p>\n<div class=\"body-copy  js-entry-text\" itemprop=\"articleBody\">\nFriends can also do business together. JAY-Z\u2019s latest investment sees him pour some cash into his close friend and CEO Michael Rubin\u2019s Fanatics company. According to<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sportico.com\/business\/finance\/2021\/fanatics-valuation-18-billion-1234636666\/\"><em> Sportico<\/em><\/a>, Fanatics received a private $18 billion valuation, which is <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a>le compared to its valuation from 2020.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2021\/08\/10\/fanatics-valued-at-18-billion-with-new-investors-including-jay-z-.html?utm_term=Autofeed&amp;utm_medium=Social&amp;utm_content=Main&amp;utm_source=Twitter#Echobox=1628597202\"><em>CNBC<\/em> <\/a>also adds that Fanatics\u2019 valuation is up over $5.5 billion in just five months. Their latest crowdsourcing of funding sees over $325 million being poured into the company from Hov, Roc Nation and others.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">14 years old: Michael Rubin uses $2,500 in bar mitzvah money to open a retail ski shop.<\/p>\n<p>49 years old: Fanatics raises $325 million at an $18 billion valuation, bringing Michael Rubin&#8217;s net worth to ~$10 billion.<\/p>\n<p>Fanatics will also expand into sports betting, iGaming &amp; <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/CqddMN5Ly3\">pic.twitter.com\/CqddMN5Ly3<\/a><\/p>\n<p>\u2014 Joe Pompliano (@JoePompliano) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/JoePompliano\/status\/1425090188758290432?ref_src=twsrc%5Etfw\">August 10, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Fanatics, which is known for their e-commerce business strategy in the sports <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arel sphere, is looking to significantly expand into other avenues including sports sectors such as NFTs, gambling, gaming, ticketing, media and more.<\/p>\n<p>According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/fanatics-valuation-rises-to-18-billion-as-it-plans-to-expand-sports-offerings-11628589601\"><em>The Wall Street Journal<\/em><\/a>, Fanatics claims they will make about $3.4 billion in revenue in 2021. Rubin joined <em>CNBC<\/em> for an interview to discuss their latest valuation and business pivot on Tuesday morning (August 10) with Andrew Ross Sorkin.<\/p>\n<p>\u201cWe\u2019ve realized we have this incredible opportunity but to really transition to a leading e-commerce company to building the leading digital sports platform,\u201d Rubin said. \u201cThat means, as a sports fan, you go to Fanatics and get any sports product that\u2019s important to you.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Sports merchandise company Fanatics is expanding into media, gaming, NFTs and other digital sports verticals. CEO Michael Rubin joins <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SquawkCNBC?ref_src=twsrc%5Etfw\">@SquawkCNBC<\/a> to discuss. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/JFOraKDEOG\">https:\/\/t.co\/JFOraKDEOG<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/pxO8cFrsxZ\">pic.twitter.com\/pxO8cFrsxZ<\/a><\/p>\n<p>\u2014 CNBC (@CNBC) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CNBC\/status\/1425085937353101313?ref_src=twsrc%5Etfw\">August 10, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>JAY-Z and Michael Rubin are also partners in the REFORM Alliance looking to assist those unfairly trapped in the criminal justice system.<\/p>\n<p>In July, JAY-Z teamed up with Will Smith for the entertainment moguls to invest in a company called Landis Technologies, which helps low-income renters eventually become home owners within two years.<\/p>\n<\/div>\n<p><\/p>\n<div class=\"author\" itemprop=\"author\" itemscope itemtype=\"http:\/\/schema.org\/Person\">\n<meta itemprop=\"name\" content=\"Michael Saponara\"><br \/>\nby Michael Saponara\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/social-media\/\" target=\"_blank\" rel=\"noopener\">Social Media category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/hiphopdx.com\/news\/id.63796\/title.jay-z-invests-in-michael-rubin-18b-fanatics-company\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#JAY-Z Invests In Michael Rubin&#039;s $18B Fanatics Company&#8221; Kevin Mazur\/Getty Images Friends can also do business together. JAY-Z\u2019s latest investment sees him pour some cash into his close friend and CEO Michael Rubin\u2019s Fanatics company. According to Sportico, Fanatics received a private $18 billion valuation, which is triple compared to its valuation from 2020. CNBC&#8230;<\/p>\n","protected":false},"author":1,"featured_media":320545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/static.hiphopdx.com\/2021\/08\/GettyImages-1203424396-e1628603902491-1200x675.jpg","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-320544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-mediaa"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/320544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=320544"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/320544\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/320545"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=320544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=320544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=320544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}