The American billionaire Mark Cuban is an entrepreneur, investor, and also popular as a television personality. Mark had the skills and tacts from an early age itself and that makes him a natural businessman. He was born on July 31, 1958, in Pittsburgh city in the Pennysylvania state in the United States. Cuban grew up in an ordinary Jewish working-class family. His father, Norton Cuban worked as an upholsterer of automobiles, and his mother, Shirley did various jobs. Their family was migrated from Russia and their old family name was Chabenisky.
He had an interest in the business from the age of 12. Mark used to sell garbage bags to gain money. These experiences fueled his will to be successful as a businessman. His bachelor’s degree is in management. and he graduated from the Kelley School of Business at Indiana University. Mark chose this college because it was already on the list of the top 10 business schools and had less expensive tuition fees compared to others. During his years in college, Cuban was active in small business ventures. He also gave disco lessons. After college, Mark went back to his hometown and found a job in the Mellon Financial Corporation. But being a mere employee wasn’t his future. Let us get to know more about the journey of this American billionaire who started from nothing. Stay on the page until the end.
Mark Cuban is a multibillionaire with a net worth of $4.4 billion. He was ranked in 177th place on the list of Forbes’ 400 richest Americans of 2020. He is ranked 655 in the list of Forbes’ 2021 Billionaires. Mark has various sources of income. He is the owner of the American professional basketball team Dallas Mavericks. He is also the chairman of American specialty television channel AXS TV and the co-owner of entertainment company 2929 Entertainment along with another billionaire Todd Wagner. Cuban has invested in several companies through the show Shark Tank.
Mark Cuban is one of the richest shark investors in ABC’s business reality show Shark Tank. He has invested in several companies through the show and made many people’s dreams come true. Cuban became one of the sharks in the show from its season two in 2011. The show’s rating has considerably increased after Cuban has joined as an investor. He is the second richest investor in the all-time history of Shark Tank, the first is Richard Branson who has a net worth of $5.1 billion. He has done more than 85 deals 4 years after joining the show. Some of his gigantic investments are in companies such as Rugged Maniac Obstacle Race, BeatBox Beverages, and the entertainment company Ten Thirty One Productions. There were also some canceled deals like Hy-conn, a company manufacturing fire hoses. Shark Tank won multiple awards when Cuban was in the show. It won three consecutive Primetime Emmy Awards in the years 2014, 2015, and 2016 for the Outstanding Structured Reality Program.
Family and personal life
Mark Cuban married Tiffany Stewart in September 2002. The marriage was a private ceremony held in Barbados for close friends and family. The couple has two elder daughters and a younger son. The daughters’ names are Alexis Sofia Cuban and Alyssa Cuban and his son’s name is Jake Cuban. Cuban owns a huge mansion in Dallas. He lives with his wife and children there. Cuban also has two brothers. Brian Cuban, an attorney and, Jeff Cuban. Mark Cuban was diagnosed with atrial fibrillation which causes abnormal heart rhythm. This 62-year-old businessman is a vegetarian.
NBA and Dallas Mavericks
Mark Cuban loves sports since childhood and he has proved his skill in the sports business also. Cuban bought National Basketball Association’s team Dallas Mavericks on January 4, 2000. He bought it from Henry Ross Perot Jr. for $285 million. After Cuban bought the team, the Mavericks made their first journey to the NBA finals but unfortunately lost to Miami Heat in 2006. While most of the team owners doesn’t actively involve in the game, Cuban is different. He sits with fans and gives full support to the team. In 2010, H. Ross Perot filed a case against Cuban but it was dissolved as the court was convinced of Cuban’s management of the team.
According to Mark Cuban, bitcoin is like gold. He wons a lot of bitcoin but doesn’t sell it. In 2018, Cuban announced that Mavericks’ tickets can also be bought with bitcoins. He is appealed by the store value of bitcoin. Cuban is also interested in Ethereum, the second-largest cryptocurrency after Bitcoin.
Mark Cuban’s businesses
Cuban first worked as an employee in a software shop but when he was fired from the firm he decided to start his own company. And this started his journey to the peak of the business world. In 1995, Cuban and his fellow Indiana University student Todd Wagner started a video portal called Broadcast.com. It was a great success and they sold the company to Yahoo in 1999 for $5.7 billion. It was one of the top trades of all time. Apart from being the owner of the Dallas Mavericks, Cuban also has investments in Magnolia Pictures, AXS TV, and several other small and big companies. Cuban also wrote a book about his methods called How to win at the sport of business.
” It doesn’t matter how many times you fail. You only have to be right once and then everyone can tell you that you are an overnight success” – Mark Cuban
He has also invested in companies that have a mission to help people in need. He has invested in Luminaid, a company that works in disaster areas and provides lighting there. Cuban also has an investment in the maternal healthcare tech company, Mahmee.
Cuban has won the Kelley School of Business Alumni Award for Distinguished Entrepreneur in 1998. He has also won the D Magazine’s CEO of the Year award in 2011. As the owner of the Dallas Mavericks Cuban has received the NBA Champion award and Outstanding Team ESPY Award in 2011. He has also appeared in some films like What Men Want, Game Over! man etcetera.