|Net Worth:||$5 Billion|
|Date of Birth:||July 31, 1958 (64 years old)|
|Height:||6 ft 2 in (1.9 m)|
|Profession:||Businessperson, Film Producer, Actor,Entrepreneur,Investor, Television producer,|
|Nationality:||United States of America|
What is Mark Cuban’s net worth? How does Mark Cuban make his money? Below is the current net worth of Mark Cuban and how Mark Cuban makes his money.
What is Mark Cuban’s net worth?
Mark Cuban is an American Entrepreneur and Businessman who has a net worth of $ 5 billion. From MicroSolution, he made his first fortune, and in 1999, through the selling out of ”Broadcast. com,” his company, Mark Cuban became extremely wealthy.
The 31st of July 1958 saw the delivery of Mark Cuban in Pittsburgh, Pennsylvania. He was groomed in the suburb of Mount Lebanon of a Jewish proletariat family. Brian and Jeff are his two brothers.
At a very tender age, Mark discovered his business and entrepreneurial skills. In other to have enough income to purchase an expensive pair of shoes for basketballing, he sold garbage, coins, and stamps.
Mark subsequently studied at Pittsburgh University after skipping high school. During his stay at the University, he joined the Pi Lambda Phi fraternity but later moved to Indiana University.
Later in 1981, he bagged a B.S. in management from IU’s Kelley School of Business.
However, Mark kickstarted his career life after migrating to Dallas Texas on July 7, 1982. He served as a salesman and bartender for one of the city’s first PC software retailers named Your Business Software.
In less than a year, he was sacked from work after his meeting with a client in other secure a new business rather than opening a new store.
With assistance from his previous clients at Your Business Software, Mark founded MicroSolutions. Initially, MicroSolutions worked as a system integrator and software reseller.
Perot Systems was one of his biggest customers, Mark expanded it until it generated more than $30 million in revenue. In other to make a profit of $6 million, Mark sold MicroSolutions to Compuserve in 1990.
Audionet was founded in 1995 by Todd Wagner, Chris Jaeb, and Cuban. They founded the business because they shared a passion for webcasting and Indiana Hoosier basketball, all of them were graduates of Indiana University.
In 1998, the business became Broadcast.com with just one server and an ISDN line. With 330 staff members and $13.5 million in sales by 1999, the business had expanded.
For $5.7 billion in Yahoo! stock in the same year, Yahoo! bought the business.
Mavericks of Dallas
In 2000, Mark purchased the Dallas Mavericks from Ross Perot for a whopping $285 million.
The team is currently, conservatively, worth $2 billion with Mark as the only proprietor.
Mark purchased the chain of 58 art-house theaters known as Landmark Theatres on September 24, 2003.
After leaving Russia via Ellis Island, his family’s last name was changed from Chabenisky to Cuban by his paternal grandfather.
In September 2002, Mark tied the knot with Tiffany Stewart, the wedding was held in Barbados. Together, they have three kids; two daughters and a son.
Later in 2003, the Fallen Patriot Fund was founded by Mark with the sole aim of helping the families of American service members killed or hurt in action in Iraq.
Furthermore, in September 2019, Mark publicly disclosed that he owns a $1 billion share of Amazon stock. His largest stock holding is that one. He reportedly holds Netflix as his second-largest stock holding.
Purchase of private jet
In October 1999, Mark was credited with the “largest single e-commerce transaction” by the Guinness Book of Records after purchasing a Gulfstream V jet for $40 million.
Since season two, Mark has served as one of Shark Tank’s primary hosts. On “Shark Tank,” he has invested at least $1 million in each of his top three transactions. These agreements are with BeatBox Beverages, Rugged Maniac Obstacle Race, and Ten Thirty-One Productions.
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