Business Good Problems: Jay-Z, Roc-Nation Backed ‘Fanatics’ Now Valued At $18 BillionKristen MuldrowAugust 11, 2021August 11, 2021 by Kristen MuldrowAugust 11, 2021August 11, 20211155 Fanatics, a sports merchandise company conceived by Michael Rubin, now has an $18B valuation after an investment by Jay-Z and Roc Nation....