Mark Cuban is the guy we all wish we could be. A self-made entrepreneur who cashed in huge during the tech bubble of the late 90’s, Cuban has become one of the world’s most revered super rich guys. As the brash owner of the NBA’s Dallas Mavericks and a heavyweight investor on ABC’s Shark Tank, Cuban keeps on living out our dreams. But how much is Cuban really worth? Way more than the rest of his fellow sharks… combined.
Mark Cuban’s Net Worth as of 2019: $3.2 billion
Mark Cuban has been in the public consciousness since he purchased the Mavericks in 2000. He quickly became notorious for his temperamental presence at courtside and his propensity for criticizing the NBA’s officiating. But before he could afford the Dallas franchise for $285 million, Cuban made a killing by selling his company Broadcast.com to Yahoo! for $5.7 billion in Yahoo! stock at the height of the dot com boom. Since then, he has only gotten richer by investing in an array of businesses, and has established himself as one of the world’s most admired tech moguls. Recently, Cuban has drawn headlines by criticizing Donald Trump and questioning whether the presumptive Republican presidential candidate is actually a billionaire. So while Cuban might disagree with the perception that Trump (who is worth an estimated $4.7 billion but claims to be worth much more) is richer than him, the reality is that Cuban is still absolutely loaded with a net worth of $3.2 billion. Let’s take a closer look at how the outspoken business icon (Mark Cuban, not Trump) has built up his fortune through the years.
1995 – 1999
In 1995, Cuban started a company called Audionet with a buddy from Indiana University. By 1998, that company became Broadcast.com which was a pioneer company for live-streaming events. After going public during the tech stock craze, Broadcast.com was acquired in 1999 by Yahoo! for $5.7 billion, still the largest acquisition in Yahoo!’s history. At the age of 41, the Pittsburgh native became a billionaire, making his fortune just before the tech bubble burst at the turn of the century.
2000 – 2011
After cashing in on his tech company, Cuban sought to diversify his portfolio by investing in a variety of different companies. Most famously, in 2000 he purchased the Dallas Mavericks, who were one of the worst teams in the league at that point. Cuban, with his cocksure persona, has turned the Mavericks into one of the league’s most successful teams, making the playoffs every full season except for one since he has been at the helm. In 2011, the Mavericks, led by a bonkers Dirk Nowitzki playoff run, won the NBA championship.
Cuban also made several other notable business moves in this time period. In 2001, he launched HDNet, the first fully high-definition channel; it has since been re-branded AXS TV. In 2003 he bought Landmark Theatres, an art-house film theater chain, and Magnolia Pictures, which distributes independent and foreign films.
2012 – 2017
Cuban further raised his profile by joining the regular cast of ABC’s Shark Tank in 2012. Since Cuban joined the show, Shark Tank has won three Emmys for Outstanding Structured Reality Program. He has so far bought a stake in 85 companies on the show, investing nearly $20 million. The Mavericks, which he purchased for $285 million, are now worth an estimated $1.4 billion. Cuban, you are the man.
2018
Shark Tank investor and multi-billionaire, Mark Cuban might expand his horizons and step under the political umbrella in the coming year.
2019
On ABC show ‘Shark Tank’ Mark Cuban confirmed a deal with 19 year old Max Feber for 30 percent of his company.
