March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010
November 2010
December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024 April 2024 May 2024 June 2024 July 2024 August 2024 September 2024
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27
28
29
30
News Every Day |

Mark Cuban is worth $5.7 billion. Here's how the 'Shark Tank' investor makes and spends his fortune.

Mark Cuban.
  • Mark Cuban is among the richest people in the US, with an estimated net worth of $5.7 billion.
  • He's earned his fortune through business deals including the $5.7 billion sale of Broadcast.com.
  • The "Shark Tank" investor has spent millions on private planes, a yacht, and a lavish Dallas home.

Mark Cuban, 66, is one of the wealthiest people in America, with an estimated net worth of $5.7 billion, according to Forbes.

Getting there wasn't easy. Cuban's journey to becoming a billionaire included living in a "dumpy" apartment, where he stayed up late eating chicken wings and teaching himself to code. His unglamorous life as an aspiring entrepreneur included taking no vacation time for seven years and stealing towels from the Holiday Inn.

The late nights ended up paying off: The businessman and investor earned his fortune with a series of shrewd business deals starting in the 1990s, most notably the sale of his streaming site Broadcast.com for $5.7 billion in stocks. He continues to make major moves in the industry, such as selling a majority stake in his two cable networks, AXS TV and HDNet Movies, and owning nearly $1 billion in Amazon stock.

Read on to see how Cuban earns — and spends — his fortune.

Mark Cuban is worth an estimated $5.7 billion, earning his fortune over a lifetime of shrewd business deals.
Mark Cuban.

According to Forbes, he is ranked the 570th richest person in the world.

He got his start in the early 1980s selling software for a company called Your Business Software.
A young Mark Cuban.

In 1982, he started his own company, MicroSolutions, which he sold eight years later for $6 million. Cuban made $2 million off the deal, The Dallas Morning News reported.

Cuban rose to fame with an internet radio company called Broadcast.com that Yahoo acquired in 1999 for $5.7 billion.
Mark Cuban with Yahoo executives in 1999.

Broadcast.com began as a radio company called Audionet. The site streamed broadcasts of sports games, political conventions, and other events. Cuban took control of the company in 1995 and netted $1 billion when he sold his shares.

Following his billion-dollar payday, Cuban bought a Gulfstream V business jet for $40 million.
A Gulfstream V aircraft.

To this day, it holds the Guinness World Record for the biggest purchase ever conducted over the internet.

Cuban called the plane one of the smartest purchases he's ever made. "It's obviously brutally expensive, but time is the one asset we simply don't own," he wrote for Men's Journal in 2018. "It saves me hours and hours."

He went on to add another private jet and a 288-foot yacht named "Fountainhead" to his portfolio in later years.

He bought the Dallas Mavericks for $285 million in 2000.
Mark Cuban with players from the Dallas Mavericks.

Cuban raised his profile by sitting courtside at Mavericks games and drew attention for his animated reactions and media outbursts.

His frequent criticisms of NBA referees have cost him a small fortune. As of February 2018, the NBA had fined him close to $2.6 million for his comments and antics over the years, The New York Times reported.

When the Mavericks won the NBA championship in 2011, Cuban spent $110,000 on his team's bar tab that night.
Mark Cuban with the Dallas Mavericks after winning the NBA Championship.

The tab included a $90,000 bottle of Armand de Brignac Champagne. Cuban also left a $20,000 tip.

"Worth every penny," he told Page Six.

Cuban sold his majority stake in the Mavericks for around $3.5 billion in 2023.
Mark Cuban at a basketball game.

A 2023 Forbes estimate valued the Mavericks at $4.5 billion. Cuban is still a minority owner of the team. 

He's supported numerous charitable causes over the years.
Mark Cuban at a charity event.

Cuban has supported charitable organizations such as Autism Speaks, Cedars-Sinai Medical Center, the Christopher & Dana Reeve Foundation, and the Elton John AIDS Foundation.

In 2012, he donated $40,000 to save the local Greenville Avenue St. Patrick's Day Parade when the group organizing the annual event ran out of funding.

"You just can't let a Dallas tradition like that die," Cuban told local NBC News affiliate KXAS.

After Hurricane Maria devastated Puerto Rico in 2017, Cuban lent the Mavericks team plane to point guard and Puerto Rico native JJ Barea to fly food, water, and supplies to the island.
Mavericks point guard JJ Barea.

The Category 4 storm killed an estimated 2,975 people and left $80 billion in damage across Puerto Rico. It took 11 months to fully restore power across the island.

Cuban also pledged $10 million to women's causes after a Sports Illustrated investigation unearthed allegations of sexual harassment and discrimination at the Mavericks organization.
Mark Cuban at a Mavericks game.

A 2018 Sports Illustrated report documented allegations of rampant misogyny and sexual harassment within the Mavericks organization, leading to an official NBA investigation, which uncovered "improper workplace conduct" by the team's former president and CEO, among other findings.

Cuban told Sports Illustrated that he had no knowledge of the reported toxic workplace culture since he was "not involved in the day-to-day" of the organization.

"I'm embarrassed, to be honest with you, that it happened under my ownership, and it needs to be fixed," he said.

As part of the NBA's investigation into the Mavericks workplace culture, Cuban donated $10 million to women's causes and domestic violence awareness.

He's the cofounder of a media company, 2929 Entertainment.
Todd Wagner and Mark Cuban.

Cofounded with Todd Wagner in 2003, 2929 Entertainment owns the production companies behind films like "Akeelah and the Bee" and "Good Night, and Good Luck."

Cuban also leveraged his fame into a short-lived 2004 reality series called "The Benefactor."
Mark Cuban on "The Benefactor."

The show, in which contestants competed to win $1 million of Cuban's money, was panned as a ripoff of "The Apprentice" and canceled after six episodes.

ABC's "Shark Tank," in which hopeful entrepreneurs pitch their businesses to a panel of celebrity investors, proved much more successful.
"Shark Tank" judges Daymond John, Mark Cuban, Barbara Corcoran, Kevin O'Leary, Lori Greiner, and Robert Herjavec.

"Shark Tank" has aired for 15 seasons. Cuban joined as a "guest shark" in the show's second season and became a regular judge.

Cuban told Forbes in 2022 that he's invested $29 million in at least 85 startups and small businesses over 13 seasons of "Shark Tank." His most successful investments have been in the preschool app Brightwheel and flushable Dude Wipes.

In 2019, Cuban sold his two long-standing cable networks, AXS TV and HDNet Movies, to Steve Harvey for an undisclosed sum.
Mark Cuban and Steve Harvey on "Celebrity Family Feud."

Steve Harvey joined Anthem Sports & Entertainment to take over the two networks from Cuban. ASX TV's programming includes wrestling and MMA fighting, and HDNet Movies shows a variety of films, Deadline reported.

Cuban continued on with the two companies as an equity partner, while Anthem took over operational control.

Cuban owns homes in Dallas and Laguna Beach, California.
Mark Cuban's home in Laguna Beach.

In 1999, Cuban paid $17.6 million for a 24,000-square-foot mansion in Dallas, where he and his family still live. The 7-acre property features 10 bedrooms, 16 bathrooms, a tennis court, a swimming pool, and a separate guest house in the back.

In 2018, Cuban also bought a $19 million vacation villa in Laguna Beach's exclusive Montage Residences community. The modern six-bedroom home has walls that disappear to open up to the outdoor space and a private pool.

The savvy investor said in 2019 that his biggest holdings were in Netflix and Amazon.
Mark Cuban.

Cuban told Fox Business News that he has "close to a billion dollars" in Amazon stock alone.

Cuban said one of the best purchases he ever made was an unlimited first-class American Airlines ticket for $250,000, a promotion that the airline offered from 1981 to 1994.
An American Airlines plane.

Cuban and 25 other ticket-holders continue to enjoy free airfare for life, The Hustle reported.

Despite his sometimes lavish spending, Cuban keeps a frugal mentality much of the time.
Costco.

For example, he insists on buying items in bulk, especially items he knows he'll need such as razors and toothpaste.

"The money you save by investing in bulk will provide a better return on investment than any investment vehicle on the planet," he told NPR in 2013.

He also told Vanity Fair in 2017: "You're better off buying two years worth of toothpaste when it's on 50% discount. That's an immediate return on your money."

Additionally, he advocates for people to achieve financial independence by paying off debt and stashing six months' worth of income in the bank.

In 2022, Cuban cofounded Cost Plus Drugs, a pharmacy company that bypasses wholesalers and middlemen to sell medications at lower prices.
Mark Cuban at a White House meeting about prescription drug costs.

Cuban told Forbes in 2022 that he'd invested $100 million in the company, which, according to its website, aims "to disrupt the drug industry and to do our best to end ridiculous drug prices."

Cost Plus Drugs sells medications at the cost they purchase them for plus a set 15% markup, a pricing model that CVS then adopted in 2023.

"If we get this right, this will be the most impactful thing I've ever done," he said.

Cuban's relentless work ethic and financial smarts have made him one of the richest people in America.
Mark Cuban.

As he once said, "Work like there is someone working 24 hours a day to take it all away from you."

Read the original article on Business Insider
Москва

Ульяновский фотограф отправилась на Первый канал за женихом

Marin schools proactive on state cellphone restrictions

Elle King shares major life update after opening up about 'toxic' relationship with dad Rob Schneider

Mum leaves people raging over VERY unique baby moniker, as they remind her she’s ‘naming kids, not Hungry Hippos’

Inexperienced Secret service agent called tech support hotline for help piloting drone ahead of Trump rally shooting: bombshell report

Ria.city






Read also

Lawmakers worry whether Postal Service can handle mail ballots

Detroit Tigers vs. Chicago White Sox live stream, TV channel, start time, odds | September 27

Where to Watch the Giants vs. Cardinals Series: TV Channel, Live Stream, Game Times and more

News, articles, comments, with a minute-by-minute update, now on Today24.pro

News Every Day

Marin schools proactive on state cellphone restrictions

Today24.pro — latest news 24/7. You can add your news instantly now — here


News Every Day

Raging Richarlison slams ‘f***ing s***’ card as Tottenham star’s EA FC 25 rating is revealed



Sports today


Новости тенниса
Ангелина Калинина

Ребекка Шрамкова обыграла Ангелину Калинину на старте турнира в Пекине



Спорт в России и мире
Москва

Танцевальный день «Двигайся в такт» от спортивного клуба «Колибри» в ТРЦ «Нора»



All sports news today





Sports in Russia today

Москва

Чемпионат Центрального округа по летнему офицерскому троеборью завершился в Москве


Новости России

Game News

Ранняя версия Mini Empire: Hero Never Cry с русским языком доступна в Google Play


Russian.city


Москва

Танцевальный день «Двигайся в такт» от спортивного клуба «Колибри» в ТРЦ «Нора»


Губернаторы России
Алексей Сёмин

Можно ли перевестись из одной автошколы в другую в процессе обучения?


В этом году силами МЧС России спасены более сотни туристов

Тренды аналитики: адаптация иностранцев в вузах, законы дружбы и депрессия у пожилых

В Подмосковье сотрудники Росгвардии задержали подозреваемого в убийстве

Агния Кузнецова в шоу «Вкусно с Анфисой Чеховой» рассказала, как убедила Балабанова взять на роль её однокурсника


Хит-просвет от Билана

В Самаре прошла встреча-концерт в честь дня рождения великого композитора Дмитрия Шостаковича

«Она все загубила»: Собчак назвала супругу Шнурова причиной крушения его карьеры

В Тамбове пройдут конные бега под музыку Рахманинова


Алибек Качмазов поднялся на 73 позиции в рейтинге ATP, достигнув 179-го места

Хуркач пожертвует по €100 за каждый эйс пострадавшим от наводнения

Ребекка Шрамкова обыграла Ангелину Калинину на старте турнира в Пекине

Александр Зверев снялся с турнира ATP-500 в Пекине



Можно ли перевестись из одной автошколы в другую в процессе обучения?

Hybrid запустил онлайн-академию Hybrid Training Hub

В Москве ежегодно состоялся юбилейный, всероссийский, патриотический гала-концерт «Проза и поэзия» «Россия - семья семей»

Можно ли перевестись из одной автошколы в другую в процессе обучения?


Собянин подвел итоги фестиваля «Лето в Москве. Все на улицу!»

Масспостинг вертикальных видео в TikTok, Youtube-shorts, ВК-клипы, Reels.

Филиал № 4 ОСФР по Москве и Московской области информирует: Социальный фонд выплатит остатки материнского капитала менее 10 тысяч рублей

На матче "ЦСКА-Динамо" родилась новая семья


В Дзержинском прошли соревнования «Осенний кросс лыжников»

Свет для кукол. Энергетики оборудуют подсветкой театр имени С. В. Образцова

Невролог рассказал, как справиться с бессонницей без помощи лекарств

Специалисты спрогнозировали снижение цены на iPhone 16 в октябре



Путин в России и мире






Персональные новости Russian.city
Песня

Фестиваль «Песня года» 2024 состоится в ДС «Мегаспорт» в Москве



News Every Day

Inexperienced Secret service agent called tech support hotline for help piloting drone ahead of Trump rally shooting: bombshell report




Friends of Today24

Музыкальные новости

Персональные новости