Mark Cuban is an American billionaire entrepreneur, media proprietor, and television personality. He is the owner of the basketball team of the Dallas Mavericks National Basketball Association. He is the chairperson of AXS TV and co-owner of 2929 Entertainment. He is among the leading “shark” shareholders of the series Shark Tank on reality T.V. ABC.
Mark Cuban Net Worth
|Net Worth||4.5 billions $|
|Children||Two daughters named Alexis Sophia Cuban and Alyssa Cuban and a son named Jake Cuban|
|Recommended Books or Courses||How to Win at the Sport of Business
How Any Kid Can Start a Business
Let's Go, Mavs
Kid Start-Up: How YOU Can Become an Entrepreneur
|Source of Wealth/ Profession||Entrepreneur, Film Producer, Businessperson, Investor, Actor, Television producer|
More Facts about Mark Cuban
Specific individuals are born into money, but the road to treasures is a lengthy and difficult one for many individuals. Though, it should not forget several billionaire entrepreneurs take the first step with nothing, however, achieved to reach the best.
Mark Cuban is one billionaire who started with zero in hands and is now considered the world’s richest person.
Early Life and Education
His date of birth of Mark Cuban is 31 July 1958; he was born in Pittsburg, Pennsylvania, USA. His father’s name is Norton Cuban, and his mother’s name is Shirley. He rose in the affluent area of Mount Lebanon in a Jewish, middle-class family. His former name was Chemerinsky which was shortened to Cuban when his grandparents migrated from Russia to the USA.
He joined ‘Mount Lebanon High School’ in Pennsylvania. After completing school, he registered at the ‘University of Pittsburg.’ But, later a year, he moved in Bloomington to ‘Indiana University. He completed his graduation and received his bachelor’s degree “Science in Business Administration” in 1981.
He is 62 years old. He is 6 feet 2.5 inches tall and his weighs about 82 kg. He married Tiffany Stewart in a secretive ritual in Barbados In Sep 2002. They have two daughters name Alexis Sophia Cuban and Alyssa Cuban, and a son named Jake Cuban,
Struggles in Early Life
Natural Businessman since 12:
From the time when mark Cuban was 12, he started a business just naturally.
In an interview with Bloomberg’s T.V. show “Masters in Business” podcast, 2014, Cuban said that at the age of 12, he requested money from his father so he could buy a costly shoe pair. He did not once forget the answer of his father. “Those shoes on your feet look like they’re working pretty well. If you want a new pair of sneakers, you need a job, and you can go buy them”, quoted by his father.
Sell Garbage Bags:
Adamant to have the shoes he desired, he started to sell trash bags to people in his community. He bought every packet for 3 dollars and sold them for 6 dollars for each.
After a few years mark Cuban, who was 16 years old at that time, found one more chance to earn money when employees at the local newspaper company went on strike. He knew that societies usually liked to remain up-to-date on whatever was happening worldwide, so he ordered newspapers from a different company located in another city and traded them in his region till the strike was ended.
His business passage continued all through his academic years. To collect the fee for his tuition, he started dance classes for 25 dollars per hour on campus. Mark Cuban and his friends then rented an area from a bar close to college to arrange disco parties. They eventually ended up purchasing the bar.
After completing his graduation, he relocated to Texas in 1982 and started working as a barkeeper. After that, he started to work in Dallas as a sales assistant for a private computer software company named ‘Your Business Software.’ He was fired in a year.
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Professional Career and Net Worth
After that, he initiated a computer software referring service ‘Micro Solutions.’ His earlier practice given him the information and abilities essential to start the business. He started as a computer software reseller. He succeeded in selling micro solutions to ‘CompuServe Info Service’ in 1990. He sold it for 6 million dollars. He earns roughly 2 million dollars after taxes on the deal.
Mark Cuban and his friend Todd Wagner a graduate of ‘Indiana University,’ started an online radio company named audionet in 1995. In 1998 the name ‘Audionet’ was altered to ‘Broadcast.com.’ Broadcast.com earned about 13.5 million dollars in income
. In 1999, ‘Broadcast.com’ supported the first live stream of Victoria’s Secret’s fashion show. Yahoo, in the same year, gets Broadcast.com in an all-stock contract for about 5.7 billion dollars. Mark Cuban traded most of his Yahoo stock for above 1 billion dollars.
- Cuban paid 280 million dollars for the basketball team “Dallas Mavericks” in 2000. When Mark he became the leader, he took advantage to increase the self-esteem of his players. The team went on performing well and qualified to the NBA finals in 2006. Afterward, in 2011 the team achieves the NBA title. Conferring to Forbes, the athletic franchise is now value at about 2.4 billion dollars.
- Other businesses owned by Cuban contain the theatre named “chain Landmark Theaters,” private texting app “Cyber Dust” and a wear company named Three Commas
- LuminAID, which is a mission Drive Company, who delivers solar rechargeable lights to tragic areas.
- Mark Cuban is famous mainly for his part as a “Shark” on the top reality T.V. Program named “Shark Tank.” He had spent fewer than 20 million dollars in over 80 minor businesses on the program when he joined it in 2012.
- He solely owns the film distributor Magnolia Pictures.
After taking a survey in 2020, Mark Cuban’s projected net worth is estimated to be about 4.4 billion dollars and according to Forbes he ranked at number 177 among the list of 400 in 2020.
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