Mark Cuban Net Worth

February 8, 2021 Mitra Rawat 282 Views 0 Comments net worth celebrities

Mark Cuban is an American billionaire entrepreneur who is also a media proprietor, television personality and investor. He owns the Dallas Mavericks, an American professional basketball team which competes in the professional basketball league National Basketball Association (NBA). Cuban is the chairman of AXS TV and the co-owner of 2929 Entertainment. He is also one of the main investors of Shark Tank, the ABC reality television series.

Mark Cuban Early Life and Family

Mark Cuban was born on 31 July 1958 in Pittsburg, Pennsylvania, USA. Cuban was brought up in the Pittsburg suburb of Mount Lebanon. His family was a Jewish working-class family. Cuban describes his mother, Shirley as someone with a different job or career goal every week and his father, Norton Cuban, was an automobile upholsterer. Their family name was Chabenisky before his grandfather changed it to Cuban after his family emigrated from Russia through Ellis Island. His maternal grandparents were from Romania and also Jewish.

As a kid, Mark Cuban sold stamps door to door and gave disco lessons. Cuban has two younger brothers, Brian Cuban and Jeff Cuban. Brian is an American personal injury attorney, speaker, author and activist. Jeff was a nationally ranked wrestler.

Mark Cuban Personal Life

Mark Cuban married Tiffany Stewart, an advertising executive in 2002. Cuban and Stewart met for the first time in 1997. They got married at an intimate ceremony with only 20 people in Barbados. Cuban has three children with Stewart named Alexa, Alyssa and Jake.

Mark Cuban Education

Mark Cuban did not attend high school for his senior year. Instead, he enrolled at the University of Pittsburg as a full-time student. Here he joined Pi Lambda Phi international fraternity. After one year Cuban transferred to Indiana University, Bloomington, Indiana. Here he chose to be a student of the Kelly School of Business because it had the cheapest tuition fee among the top 10 business schools. In 1981 he graduated with Bachelor of Science degree in Management.

Mark Cuban Career

Mark Cuban returned to Pennsylvania after completing his graduation. He took up a job at Melon Bank immersing himself in the study of machines and networking.

In 1982 he moved to Dallas, Texas. He found work first as a bartender for Elan, a Greenville Avenue bar. Next, he worked as a salesperson for one of the earliest PC software retailers in Dallas, Your Business Software. He was fired from there after a few months.

Mark Cuban then with the support of some of his previous customers from Your Business Software started his own company named MicroSolutions, which was a system integrator and software reseller. Petrot Systems was one of its largest clients. Cuban sold MicroSolutionsin 1990 to CompuServe for $6 million. After taxes, Cuban made approximately $2 million from the deal.

Mark Cuban with fellow Indiana University alumnus Todd Wagner joined Audionet in 1995. Audionet became Broadcast.com in 1998. During the dot-com boom in 1999 Broadcast.com was acquired by Yahoo! for $5.7 billion in Yahoo! stock. This acquisition is now regarded as one of the worst internet acquisitions of all time.

Cuban co-founded AXS TV with Philip Garvin in 2001. AXS TV is the first high-definition (HD) satellite television network.

Cuban and Wagner work together in their combined venture 2929 Entertainment, which is an American integrated media and entertainment founded in 2003. In the same year, the firm purchased Landmark Theatres, a chain of 58 arthouse movie theatres. In 2006, 2929 Entertainment released Steven Soderbergh directed film Bubble.

Cuban joined ABC reality program, Shark Tank in 2011. Since he joined the show its ratings increased. During his tenure, the show even won three Primetime Emmy Awards for Outstanding Structured Reality Program from 2014 to 2016.

Mark Cuban Awards

Mark Cuban has won the 1998 Kelley School Business Alumni Award- Distinguished Entrepreneur. In 2011 he was named CEO of the Year by D Magazin.

Cuban holds a Guinness World Record for the largest single e-commerce transaction for purchasing a Gulfstream V, a business jet aircraft for $40 million over the internet in October 1999. Buying a private jet was also his all-time goal.