Morry Rubin Net Worth & Bio

Morry Rubin Net Worth – $20 million

What is Morry Rubin’s net worth?

Introduction

Morry Rubin is an American financier and CEO of ‘FlexShopper,’ which has grown to become one of the most widely recognized mortgage companies in Southern California. 

The Origin Story

Morry Rubin is an American entrepreneur who built a publicly recognized name for himself as a successful CEO, entrepreneur, and financier.

There is very limited information available online pertaining to his personal and private life. 

It’s safe to assume that he aspired to build a career that supersedes one of the average person.

Not only did he achieve top-level success, but he became known for being an influential leader in corporate America.

He has a roster of positions listed on his resume that displays his growth in the corporate world and his dedication to becoming the best at what he does.

FlexShopper

Rubin built a career in the corporate business sector of America and quickly moved up the ranks and currently holds very prestigious titles.

He served as the CEO and chairman of the company named FlexShopper.

He co-founded the company alongside  George F. Rubin and Brad Mitchell Bernstein.

FlexShopper is a publicly-traded company that was founded in the year 2003 by these three people and is currently headquartered in Boca Raton, Florida.

Rubin served as CEO of FlexShopper from 2003 until 2014, in which he overlooked everything from operations to executive decisions.

Serving as the CEO of Flexshopper was not Rubin’s first rodeo.

In fact, he transferred the knowledge he acquired from many years of serving as the president and CEO of a few other companies.

But when it comes to Flexshopper, the success of the company far outweighs that of most of the other ones be an executive position.

Simply put, FlexShopper was created to become one of the largest online lease-to-own marketplaces.

According to the company website, it offers a wide selection of products from top global brands.

One of the most appealing aspects of the company that sets it apart from its competitors is that when visiting customers don’t have access to cash or credit, they can make affordable weekly payments.

This gives the customer the option to rent to rent-to-own any product in 12 months or less.

Since Flexshopper is the company that essentially built Rubin’s net worth and credibility as a successful CEO, we will go into a little more detail about how the company operates, which he is the brainchild behind.

When Flexshopper was first created, it was incorporated under the name Anchor Funding Services. 

The company sells items such as furniture and electronic renting services and is essentially known as lease to own or rent-to-own service.

When customers plan to purchase an item that is out of their budget, they will be prompted to apply for a lease agreement, and once approved, the item will be shipped to their home, very similar to Amazon in terms of delivery.

And since customers can rent to own expensive items, it gives them the ability to purchase top brands that they couldn’t afford otherwise. The customer will be required to pay weekly payments designed to pay the purchase off in a specified amount of time.

Based on this business model, it makes sense that the company went from being new to the market to one of the most lucrative and among the top-performing.

Over the years, Flexshopper went from being unknown among many other eCommerce stores to be among the most successful.

A lot of the success can be credited to the talent and knowledge that was incorporated by Rubin himself.

Prior to this position, he built extensive experience learning how to manage and grow companies from the bottom up.

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Preferred Labor LLC

One of the more notable companies he served as CEO of was Preferred Labor LLC.

He also served in a host of other top-tier executive positions, including ATC Group Services as well as Aurora Environemntal, Inc.

Since his early days in the corporate world, he has accumulated a whopping 35 years of top executive and management experience.

And that’s not all. He has also served on the boards of directors for various organizations, many of which are publicly traded.

If you track back a little further into Rubin’s career, there are highlights that indicate his aspiration to become a CEO and managing director of lucrative companies.

Following his university graduation, he was selected as one of the finalists for the Ernst & Young Entrepreneur of the Year Award, 40 Under 40, which took place in New York City.

Morry Rubin – Net Worth

Rubin earned most of his wealth from his involvement in leading FlexShopper and Preferred Labor LLC.

He certainly was compensated with seven-figure annual salaries for many of his positions. However, a lot of his wealth is also tied to his ability to invest in huge numbers of stock share units in lucrative publicly traded companies.

He is one of Flexshoppper’s biggest shareholders, which yields him millions in returns.

Therefore, Morry Rubin has an estimated net worth of at least $20 million.

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