Fanatics CEO Michael Rubin hosts Star-Studded Fourth of July Party at $50M Hamptons Mansion

Article ByDavid Weir

July 5, 2023

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Posted in: US Sports Betting News, US Gambling News

Michael Rubin, the founder and CEO of sports merch and betting empire Fanatics, hosted a grand Fourth of July party at his recently acquired $50 million Hamptons mansion over the weekend.

The event, dubbed the “White Party,” was attended by a diverse array of global celebrities, including Jay-Z and Beyoncé, Tom Brady, Kylian Mbappé, and Leonardo DiCaprio.

The party was a spectacular affair, lasting 11 hours and featuring a dress code of all white. Fireworks were set off from a barge just offshore in the Atlantic Ocean, Rubin played casual football on the beach with Kevin Hart and Odell Beckham. Jr, and A-list rappers Travis Scott and Jack Harlow selected the tunes from the DJ deck.

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Custom Champagne Bottles

Rubin’s Hamptons property, which he purchased for a considerable $50 million in late 2020, is located on East Long Island, a popular summer destination for the wealthy and famous.

The mansion, previously owned by Ziel Feldman of HFZ Capital Group, boasts seven bedrooms and four bathrooms spread across 8,000 square feet. Even for the pricey Hamptons area, Rubin’s purchase was one of the most expensive in its recent history.

The house is in close proximity to properties owned by other celebrities, including Beyonce and Jay-Z, Ben Affleck and Jennifer Lopez, and New England Patriots owner Bob Kraft.

The Fourth of July party, now looking to be an annual event after two consecutive years, included no expenses spared on food and drink.

Rubin arranged for upscale NYC eateries to cater to guests, including Jay-Z’s favorite city pizza spot, Lucali, and legendary Chelsea restaurant Cucina Alba.

Invitations to the party, of course, came delivered with a custom bottle of Armand de Brignac Ace of Spades Champagne.

Rubin’s Real Estate

The Hamptons mansion isn’t Rubin’s only luxury property.

In 2018, he spent more than $40 million on a penthouse in downtown Manhattan, setting a record price for the neighborhood at the time.

He also purchased a $70 million Hollywood Hills mansion in 2022. That property was once owned by former US President Ronald Reagan.

Rubin, who was born outside of Philadelphia and now runs Florida-based Fanatics, has an estimated net worth of $3.5 billion.

Fanatics: A Growing Empire

Rubin’s company, Fanatics, is a major player in the world of sports and now sports betting.

The company is valued at $31 billion in private markets. Fanatics also boasts an impressive list of investors, including the four major US sports leagues, Silver Lake, SoftBank, BlackRock, Fidelity, and MSD Partners, an investment vehicle controlled by Dell founder Michael Dell.

June was an especially busy month for Rubin’s company.

The company emerged victorious in the bid for PointsBet’s US operations, but not without a fight. After rival DraftKings entered the bidding process with a $195 million offer, Fanatics was forced to up its bid to $225 million in cash.

With that winning bid now accepted, Fanatics can look to the future, with 14 US states’ sports betting licenses now open to the operator.

Perhaps hosting one of the celebrity parties of the year at his Hamptons mansion was Rubin’s way of celebrating the successful deal and unwinding with his famous friends.