Mark Cuban Net Worth

Mark Cuban is an American businessman, philanthropist, investor, and entrepreneur. Mark Cuban is the owner of a basketball team Dallas Mavericks, Landmark Theatre, and Magnolia Pictures. He is the chairman of the HDTV cable network and HDNet. He is one of the investors in the television reality show Shark Tank. 

Mark Cuban net worth is $6.5 billion

Early Life

Mark’s last name was Chabenisky, later his grandfather changed it to Cuban. Mark Cuban was born on 31 July 1963, to Norton Cuban and Shirley, in Pittsburgh, Pennsylvania. Mark was born in a Jewish middle-class family, his father Norton was an automobile upholstery and his mother was having a different career objective every other week. He was brought up in suburban areas of Mount Lebanon with his two brothers brain, and Jeff. 

At the age of 12, Mark sold garbage to afford an expensive pair of basketball shoes. Later he made money by selling stamps and coins. When he was 16, he took advantage of the newspaper strike in Pittsburgh and sold newspapers to make money.

Mark graduated from Indiana University in Bloomington and completed his majors at the University of Pittsburgh.

Career

After his graduation in 1981, he moved to Dallas Texas. First, he worked as a Bartender, and then he worked as a salesperson in a software company called Your Business Software, it was among the first ten software companies in Dallas, and within a year he was fired.

In 1983, he founded Micro Solutions, a system integrator, and software reseller company. The company’s revenue increased to $30 million. In 1990 Mark sold micro solutions to CompuServe for $6 million, he made $2 million(approx) after taxes on the deal.

In 1995, Cuban joined AudioNet, an internet radio company. The audio network was led by Mark Cuban and Todd Wagner. In 1998, the Audionet was renamed broadcast.com. The company’s revenue increased to $13.5 billion. After a year Wagner and Cuban sold Broadcast.com to Yahoo! for $6 billion in Yahoo! stocks. After the deal closed, the stock was trading at $163 per share. Mark predicted the dot-com bubble burst, so when Mark’s lock-up agreement expired he sold 100% of his Yahoo! shares. After this Yahoo’s price dropped 95%, hitting the all-time low of $8.11 per share. In October 1999, he set a Guinness World record for the largest single eCommerce transaction by purchasing a Gulfstream V jet for $40 million over the Internet. 

In 2000, Mark Cuban purchased an American basketball team, the Dallas Mavericks, for $285 million. 

In 2002, Mark Cuban and Todd Wagner founded 2929Entertainment, an integrated media, and entertainment company. 2929 Entertainment has produced many movies such as Serena, bubble, Two Lovers, The Road, The Burning Plain, We Own the Night, Good Night or Good Luck, and many more.

On 24th September 2003, Mark Cuban purchased landmark theatres, a chain of 58 art house movie theatres.

Mark is the main host and investor of the television reality show “Shark Tank”. He is the second richest shark that appeared on the show. After Cuban joined SharkTank, the show’s watching increased and the show has also won awards such as the Primetime Emmy award. Cuban’s top 3 deals in Shark Tank are Rugged Maniac, Beatbox beverages, and ten thirty-one productions, he has invested at least $1 million in all three companies. Cuban owns Magnolia Pictures, it is a subsidiary of 2929 Entertainment.

Mark Cuban owns $1 billion(approx) worth of Amazon stock, it is the biggest holding he ever had. And his second-biggest stock holding is Netflix but the amount is not confirmed yet.

In 2003, Mark started a foundation “Fallen Patriots Funds” to help families of US military personnel killed or injured during the Iraq war. He has donated $5 million to Indiana University at Bloomington for building a sports complex.

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Personal Life

In 2002, Mark Cuban married Tiffany Stewart. The couple has three children Jake Cuban, Alexis Cuban, and Alyssa Cuban. He is different from most billionaires, Mark Cuban is a family man who likes to spend most of his free time with his family and friends.

Mark is a follower of the author and philosopher Ayn Rand. He said, “Her thoughts motivate me and encourage me to think as an individual and take the risk to reach my goals”.

Аwаrdѕ & Асhіеvеmеntѕ

In 1998, he won the Kelley School of Business Aluminium award for distinguished entrepreneur, in 2011 his team Dallas Mavericks won the NBA championship, and in 2006 he was awarded the Gotham award.

Earnings

Mark Cuban is one of the smartest and most remarkable businessmen and entrepreneurs. He is the owner of one of the richest basketball teams. He is one of the popular faces on Shark Tank.

Mark Cuban net worth is $6.5 billion.

Mark Cuban is on the list of Forbes’s top 400 richest people in the world.

In 2018, he purchased a mansion for $19 million. It has six bedrooms, seven three-quarters bathrooms, and a swimming pool.

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