Who Is Mark Cuban?
Mark Cuban is a well-known American investor, media proprietor, TV personality, and entrepreneur who has a net worth of $4.5 billion. He owns the NBA Dallas Maverick, co-owns the 2929 Entertainment, and is the chairman of AXS TV. Apart from that, he is a major investor on Shark Tank, a reality television series aired on ABC.
He is also the author of How to Win at the Sport of Business, an ebook that talks about his experiences both in sports and business. For his inventions, he is named the inventor of 23 different patent publications and 11 patent families.
Celebrity Name: Mark Cuban
Full Name: Mark Cuban
Birth Date: July 31, 1958
Birth Place: Pittsburgh, Pennsylvania, US
Weight: 82 kilos
Sexual Orientation: Straight
Wife: Tiffany Stewart, married since 2002
Children: Jake Cuban, Alyssa Cuban, Alexis Sofia Cuban
Profession: American investor, media proprietor, TV personality, and entrepreneur
Net Worth: $4.5 billion
Mark Cuban was born on July 31, 1958, in Pittsburgh, Pennsylvania, to parents Shirley and Norton Cuban. His father was an automobile upholsterer while his mother, according to Mark, had different career goals and jobs every week. He has two brothers named Jeff Cuban and Brian Cuban. He belongs to a Jewish middle family and he mostly spent his childhood in Pittsburgh.
Cuban’s first experience in business was when he was 12. He was selling garbage bags so he can afford a pair of basketball shoes that were really expensive. Years later, he started so sell coins and stamps. When he turned 16, he was selling newspapers.
Instead of finishing his senior year, Cuban enrolled at the University of Pittsburgh where he as a full-time student and a member of the Pi Lambda Phi fraternity. He transferred to Indiana University in Indiana the next year and finally completed his college in 1981 at the Kelley School of Business. While he was still in college, he had various business gigs, such as a chain letter, a bar, and disco lessons.
He moved back to Pennsylvania after graduating and work at Mellon Bank while immersing himself in the study of networking and machines.
In September 2002, Mark Cuban and Tiffany Stewart got married in a private wedding ceremony. The couple has two daughters and one son. Cuban’s family lives in a mansion in Preston Hollow, located in Dallas, Texas.
In 2003, he founded the Fallen Patriot Fund to support families of the US militaries that were injured or killed during the Iraq War.
Cuban donated about $5 million in June 2015 for the Mark Cuban Center for Sports Media and Technology at Indiana University. In light of the COVID-19 pandemic, Cuban posted last March 2020 on Linkedin offering small business owners who were worried about what they should do to survive the economic crisis.
Cuban has always been interested in building his own company. Like many people, he started at the bottom and worked his way up.
In July 1982, Cuban moved to Dallas, TX, where he worked for a bar named Elan. Then, he became a salesperson for Your Business Software. Unfortunately, he lost his job in less than a year. He then established his own business called MicroSolutions, made possible by the support he got from his clients from his previous job. His company was so successful that its revenue grew to a staggering $30 million. In 1990, CompuServe bought MicroSolutions for $6 million.
In 1995, he, along with his partners Todd Wagner and Chris Jaeb, established Audionet, which was changed to Broadcast.com in 1998. A year after, their company had $13.5 million in revenue and a total of 330 employees. In 1999, Broadcast.com helped made the first live streaming of the Victoria’s Secret Fashion Show possible. In that same year, Yahoo bought Broadcast.com worth $5.7 billion in stock.
Cuban and Wagner continued to work together in another business venture called 2929 Entertainment, a company that offers virtually-integrated distribution and production of videos and films. In September 2003, the company bought Landmark Theatres.
In January 2000, Cuban bought a huge stake of the Dallas Mavericks basketball team worth $285 million.
He invested in Brondell, Inc. in 2005 and financed Sharesleuth.com in 2006. In April 2007, Cuban partnered with Mascot Books for the publishing Let’s Go, Mavs!, his first book for children. He also wrote an e-book in 2011 titled How to Win at the Sport of Business.
Starting the season 2 of Shark Tank in 2011, Cuban was a major investor.
Awards and Achievements
In 1998, Cuban was given the Kelley School of Business Alumni Award for Distinguished Entrepreneur. He was also awarded as the CEO of the Year by D Magazine in 2011. With regard to sports, his team, the Dallas Mavericks, won the NBA championship in 2011 and he was awarded the Outstanding Team ESPY Award as the owner of the basketball team.
Mark Cuban Total Net Worth 2020
To date, Mark Cuban has a net worth of $4.5 billion. He has built his empire through his intellect, hard work, and passion. Most of his wealth comes from the income he earns as the owner of Dallas Mavericks.