Dollar Shave Club co-founder Michael Dubin is an American entrepreneur who is estimated to own net worth of $6.5 Billion as of 2022.
Dubin and his partner Mark Levine founded Dollar Shave Club in January 2011 after they spoke about their frustrations with the cost of razor blades. As of 19th July 2016, DSC was acquired by Unilever for a reported $1 billion in cash.
According to Celebrity Net Worth, Michael Dubin owns a net worth of $200 million as of October 2019. He amassed his multi-million dollar net worth from his successful company Dollar Shave Club.
Dublin currently works as the CEO of the billion-dollar company alongside his partner cum co-founder Mark Levine. The duo established the company in January 2006 and launched its official website in April 2011.
The company was backed by a variety of venture capitalists in the initial stage of its launch. As of March 2012, investors provided $1 million in funding from groups including Kleiner Perkins Caufield & Byers, Andreessen Horowitz, Shasta Ventures, and many more.
Later Venrock joined the group and provided $9.8 million in series in funding as of October 2012. In 2014, Venrock along with Comcast Ventures, New World Investors and Battery Ventures raised a $12 million Series B round.
In June 2015, the company secured $75 million in series D funding.
Dollar Shave Club offers three membership plans which can be degraded or upgraded at any time by the customer. Since the launch of membership, the company has 3.2 million subscribers.
The company offers three plans: The Humble Twin which includes two blades per razor, five razors per month costing about $4 per month, The 4X with four blades, four razors for $7, and The Executive with six blades, four razors for about $10 monthly.
Besides this, the company also sells accessories such as wet wipes, shave butter, and moisturizer. In late 2012, the company launched its branch in Australia and Canada. Likewise, in February 2018, the company was launched in the United Kingdom.
Did You Know? Although the company’s primary market focuses on men, around 20% of its customers are women.
As of 2015, the company expanded its product line with hair care products known as “Boogie’s” which includes items like hair gel, hair cream, hair paste, hair fiber, and hair clay.
The company was purchased by Unilever for a reported $1 billion in cash by 19th July 2016.
Michael Dubin is currently in his early 40s, however, his exact birth date is not disclosed to the public yet. He holds an American nationality and has white ethnicity.
The multi-millionaire went to Emory College from where he graduated with a BA degree in history. Following his graduation, Dubin moved to New York where he lived for about a decade.
Dubin is reported to reside in Venice, California nearby his billion-dollar company Dollar Shave Club. The house covers a 3,724 square area with 4 bedrooms and 4 and a half bathrooms.
Originally built in 1926, Dubin purchased the house for $3.92 million in 2018 just nine months after its renovation.
Previously, he owned a villa in Venice which he sold for about $2.2 million to a prominent music attorney.