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Bloomberg

Dealmaker Who Beat Topps for Baseball Cards Is Worth $8 Billion

(Bloomberg) — Michael Rubin was a freshman at Villanova University when he first displayed a knack for pulling off big deals. Using cash borrowed from a neighbor, he bought $200,000 of overstock sports equipment and soon resold it for a $75,000 profit. He’s been pouncing on opportunities ever since. Today, Rubin has a net worth of about $8 billion, according to the Bloomberg Billionaires Index. Seizing on the disruptive power of internet-based shopping, he has turned sports merchandiser Fanatic