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Mark Cuban

Mark Cuban

Mark Cuban is an entrepreneur, businessman, author, and investor.

Overview

Mark Cuban is a Dallas-based entrepreneur, businessman, and investor. He is the owner of the Dallas Mavericks professional basketball team, is a "shark" on the ABC show Shark Tank, and has stakes in multiple companies. He wrote the book How to Win at the Sport of Business; holds multiple patents, including a VR solution for vestibular-induced dizziness and a method for counting objects on the ground from a drone; and is the executive producer of the movies Good Night and Good Luck and Enron: the Smartest Guys in the Room. His net worth is estimated at $4.7 billion.

Dallas Mavericks
Mark Cuban and Dirk Nowitzki

Mark Cuban bought the Dallas Mavericks professional basketball team in 2000. He has overseen the team competing in the NBA Finals for the first time in franchise history in 2006 and becoming NBA World Champions in 2011. The team is currently listed as one of Forbes’ most valuable franchises in sports.

Shark Tank
Mark Cuban - Shark Tank

Mark Cuban started as a "shark" on the ABC show Shark Tank in 2011. He has been a star on the hit show ever since and is an investor in an ever-growing portfolio of small businesses. According to the fan-run website Sharkalytics, Cuban has invested nearly $20 million into eighty-five companies across 111 episodes of the show, which has aired thirteen seasons since 2009.

Mark Cuban Cost Plus Drug Company

In January 2022, Mark Cuban founded the Mark Cuban Cost Plus Drug Company with Dr. Alex Oshmansky as an effort to disrupt the drug industry and end ridiculous drug prices. Cuban believes every American should have access to safe, affordable medicines. The company is transparent in its pricing. Medications are priced based on the manufacturing cost, plus 15 percent, plus any pharmacy fee and shipping.

Broadcast.com and Yahoo!

In 1995, Mark Cuban and long-time friend Todd Wagner created Broadcast.com, a streaming internet audio company. They came up with an internet-based solution because they wanted to be able to listen to Hoosiers Basketball games remotely in Texas. After four years, they sold Broadcast.com (then Audionet) to Yahoo! for $5.6 billion. His trade to collar his shares of Yahoo! stock received in the sale of Broadcast.com in advance of the popping of the internet bubble has been called one of the top ten trades of all time.

Early life

Mark Cuban was an early entrepreneur, selling garbage bags door-to-door at age twelve. He graduated from Indiana University, and while in college he owned the most popular bar in town. After graduating, he moved to Dallas and started MicroSolutions, a computer consulting service. In 1990, he sold MicroSolutions to CompuServe.

Timeline

May 7, 2021
Mark Cuban leads $3.5 million funding for SAVRpak, a food packaging startup.
July 31, 1958
Mark Cuban was born in Pittsburgh.

Invested in

Patents

Further Resources

Title
Author
Link
Type
Date

News

Title
Author
Date
Publisher
Description
Mark Oldacres
August 17, 2021
Express.co.uk
ELON MUSK has praised the meme cryptocurrency as a means of investment.
Mary Ann Azevedo
July 26, 2021
TechCrunch
The loss of a loved one is perhaps one of the most traumatic things a person can experience. When it comes to memorializing someone after their death, most people think of planning funerals and/or picking out caskets or tombstones. And those things are typically done with the help of a funeral home. Enter Austin-based Eterneva, [...]
Frank Chaparro
June 21, 2021
The Block
Even billionaires aren't immune to market plunges in the decentralized finance (DeFi) space.
Tim Copeland
June 14, 2021
The Block
Billionaire investor Mark Cuban argues that politicians need to get behind the crypto world, or the U.S. will miss out on a big opportunity.
Isabelle Lee
June 7, 2021
markets.businessinsider.com
Founded in 2017, Dave said it has helped Americans avoid billions of dollars in overdraft fees charged by banks.
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References

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