How Mark Cuban built a successful career. Explore key moments that defined the journey.
Mark Cuban is a highly successful American businessman, investor, and television personality. Best known as the owner of the Dallas Mavericks NBA team and a prominent investor on the reality TV show Shark Tank, Cuban has built a substantial net worth estimated at $5.7 billion. He also co-owns 2929 Entertainment. His diverse business ventures and media presence have made him a recognizable figure in both the business and entertainment worlds.
In 1990, Mark Cuban sold MicroSolutions to CompuServe for $6 million, earning approximately $2 million after taxes.
In 1995, Mark Cuban and Todd Wagner joined Audionet, combining their interest in college basketball and webcasting.
In 1998, Audionet transitioned to become Broadcast.com.
In October 1999, Mark Cuban made the "largest single e-commerce transaction" by purchasing a Gulfstream V jet for $40 million over the internet.
In 1999, Broadcast.com was acquired by Yahoo! for $5.7 billion in Yahoo! stock.
On January 4, 2000, Mark Cuban purchased a majority stake in the NBA's Dallas Mavericks for $285 million from H. Ross Perot Jr.
On September 24, 2003, Mark Cuban's firm acquired Landmark Theatres, a chain of 58 arthouse movie theaters.
In 2003, Mark Cuban was involved in a staged altercation with Raw General Manager Eric Bischoff and Raw wrestler Randy Orton at WWE's Survivor Series.
In 2005, Mark Cuban expressed interest in buying the NHL's Pittsburgh Penguins.
In 2005, Mark Cuban invested $1.7 million in Red Swoosh, a file-sharing company co-founded by Travis Kalanick.
In 2005, Mark Cuban invested in Brondell Inc., which makes the Swash high-tech toilet seat, and also invested in Goowy Media Inc., an Internet software startup.
In April 2006, Sirius Satellite Radio announced that Mark Cuban would host his own weekly radio talk show, Mark Cuban's Radio Maverick, though the show never materialized.
On June 30, 2006, Mavericks player Dirk Nowitzki commented about Cuban.
In July 2006, Mark Cuban financed Sharesleuth.com, a website aimed at uncovering fraud in publicly traded companies, and disclosed his intention to take positions in the shares of companies mentioned in advance of publication, raising some ethical concerns.
In 2006, Mark Cuban joined an investment group with Dan Marino, Kevin Millevoi, Andy Murstein, and Walnut Capital principals Gregg Perelman and Todd Reidbord to attempt to acquire the Pittsburgh Penguins. The franchise ultimately rejected the group's bid when team owners Mario Lemieux and Ronald Burkle took the team off the market.
In 2006, Mark Cuban's Dallas Mavericks reached the NBA Finals, but lost to the Miami Heat.
In 2006, Mark Cuban, through Magnolia Pictures, financed Redacted, a fictional dramatization based on the 2006 Mahmudiyah killings, written and directed by Brian De Palma.
On September 12, 2007, Mark Cuban said he was in talks with WWE Chairman Vince McMahon to create a mixed martial arts company that would compete with UFC. He is now a bondholder of Zuffa, which was formerly UFC's parent company.
On October 13, 2007, "HDNet Fights", a mixed martial arts promotion organized by Mark Cuban, premiered on HDNet. The card was headlined by a fight between Erik Paulson and Jeff Ford, and also featured veterans Drew Fickett and Justin Eilers.
In 2007, Red Swoosh, in which Mark Cuban had invested, was acquired by Akamai for $19 million.
In October 2008, Mark Cuban started Bailoutsleuth.com, an online portal for oversight over the U.S. government's $700 billion bailout of financial institutions. The website no longer exists.
In 2008, Mark Cuban submitted an initial bid of $1.3 billion to buy the Chicago Cubs and was invited to participate in a second round of bidding along with several other potential ownership groups.
In January 2009, Mark Cuban was not selected to participate in the final bidding process for the Chicago Cubs baseball franchise.
On December 7, 2009, Mark Cuban acted as the guest host of WWE's Raw, getting revenge on Randy Orton. He was the guest referee in Orton's match against Kofi Kingston, giving Kingston a fast count victory. Cuban announced that Orton would face Kingston at TLC: Tables, Ladders & Chairs. At the end of the show, Cuban was slammed through a table by Sheamus.
In 2009, Travis Kalanick approached Mark Cuban to invest in Uber at a $10 million valuation, but a deal was not reached.
Since 2009, Mark Cuban has been a panelist at the annual MIT Sloan Sports Analytics Conference.
In April 2010, Mark Cuban loaned the newly formed United Football League (UFL) $5 million. He did not own a franchise, nor was he involved in the day-to-day operations of the league or any of its teams.
In August 2010, Mark Cuban actively bid to buy the Texas Rangers with Jeffrey L. Beck, stopping bids after 1 a.m., having placed bids totaling almost $600 million. Despite outbidding a competing ownership group, he lost the deal before the Rangers played the San Francisco Giants in the 2010 World Series.
In September 2010, Mark Cuban invested an undisclosed amount of venture capital in Motionloft, a store-front analytics company, after being cold-emailed by the CEO.
The United Football League (UFL) failed to repay Mark Cuban's loan by the October 6, 2010, deadline.
In January 2011, Mark Cuban filed a federal lawsuit against the United Football League (UFL) for their failure to repay a $5 million loan by the October 6, 2010, deadline.
In April 2011, Mark Cuban put Magnolia Pictures and Landmark Theatres up for sale, but indicated he would be content to continue profiting from them if the desired price wasn't met.
In November 2011, Mark Cuban felt that the value of the Dodgers' TV rights deal drove the price of the franchise too high. He said that he would not be interested in buying the franchise at $1 billion, telling the Los Angeles Times "I don't think the Dodgers franchise is worth twice what the Rangers are worth."
Despite his history of vocal behavior, in 2011, Mark Cuban was notably silent during the Dallas Mavericks' championship playoff run.
In 2011, Mark Cuban previously expressed interest in becoming a minority owner of the New York Mets after owner Fred Wilpon announced he was planning to sell up to a 25% stake in the team.
In 2011, as owner, Mark Cuban's Dallas Mavericks won the NBA Championship.
In January 2012, Mark Cuban placed an initial bid for the Los Angeles Dodgers, but was eliminated before the second round of bidding.
On December 19, 2012, Mark Cuban donated $250,000 to the Electronic Frontier Foundation to support its work on patent reform. Part of his donation funded a new title for EFF's staff attorney Julie Samuels: The Mark Cuban Chair to Eliminate Stupid Patents.
In June 2015, Mark Cuban donated $5 million to Indiana University Bloomington for the "Mark Cuban Center for Sports Media and Technology", located inside Assembly Hall.
In June 2015, Mark Cuban invested in the esports betting platform Unikrn.
In February 2016, Mark Cuban purchased a principal ownership stake in the Professional Futsal League.
In October 2017, Mark Cuban stated he would "definitely" run for president if he were single, also claiming that if he ran for president in 2020, it would be as a Republican, describing himself as "socially a centrist ... but very fiscally conservative".
In January 2018, Mark Cuban announced that the Dallas Mavericks would begin accepting Bitcoin as payment for tickets in the following season.
In a March 2019 interview with the New York Daily News, Mark Cuban stated that he was "strongly considering running" for president as an independent candidate.
In May 2019, Mark Cuban said that it would take "the perfect storm" for him to run for president, indicating some conditions could open the door, but he wasn't predicting it.
In 2019, Mark Cuban acquired a 50% stake in Veldskoen Shoes' United States business with Ashton Kutcher, Steve Watts, and Angela Watts.
In June 2020, Mark Cuban revealed he seriously considered running for president that year as an independent, commissioning a national poll that showed he would receive 25% of the vote against Donald Trump and Joe Biden, pulling votes from both.
In 2020, Mark Cuban assisted former NBA player Delonte West by picking him up from a gas station in Dallas, providing a hotel room and paying for his treatment at a drug rehabilitation center.
In 2020, it was speculated that Mark Cuban could have challenged president Donald Trump as a Democrat.
On February 2, 2021, Mark Cuban joined Reddit's WallStreetBets "Ask Me Anything" forum. During the session, Cuban questioned the trust of the SEC and capabilities of zero-commission brokerage firms like Robinhood, that restricted retail traders from purchasing GameStop shares and other shorted stocks. He also offered trading advice and expressed optimism about blockchain trading for retail traders in the future.
On March 4, 2021, Mark Cuban announced that the Dallas Mavericks would begin accepting Dogecoin as payment for team merchandise and tickets to games.
In 2021, Mark Cuban backed Injective Protocol, and also purchased the entire town of Mustang, Texas, a 77-acre town in Navarro County.
In early 2021, Mark Cuban decided to stop playing the National Anthem at Dallas Mavericks games to respect those who felt it didn't represent them. However, the NBA responded by requiring every team to play it, citing it as their "long-standing policy". Cuban did not complain, and ended up playing the anthem.
Since at least early 2021, Mark Cuban has invested in Dogecoin and has accepted the cryptocurrency as payment for Dallas Mavericks merchandise and tickets.
In January 2022, Mark Cuban launched Cost Plus Drugs with the aim of lowering generic drug prices for end consumers in the U.S.
On November 28, 2023, The Dallas Morning News reported that Mark Cuban was in the process of selling his share in the Dallas Mavericks to Miriam Adelson.
On December 27, 2023, the NBA approved the sale of a controlling interest of 73% in the Dallas Mavericks to Miriam Adelson, Sivian, and Patrick Dumont. Mark Cuban reportedly earned an estimated $3.5 billion from the sale.
Basketball is a team sport played on a rectangular court...
LeBron James nicknamed King James is an American professional basketball...
Donald John Trump is an American politician media personality and...
Uber Technologies Inc is a multinational transportation company headquartered in...
World Wrestling Entertainment WWE is a prominent American professional wrestling...
WWE Raw a professional wrestling television program produced by WWE...
16 minutes ago Oregon establishes permanent statewide homeless shelter program with Gov. Kotek's signature on bill.
1 hour ago Frank Ocean Expands Homer Jewelry and Announces Directorial Debut with Taylor Russell.
1 hour ago Childcare solutions emerge in Kentwood, Nashville grapples with funding gaps, cost concerns.
1 hour ago Gary Payton II: Free Agency, Warriors Potential Landing Spot, Trade Rumors Surface
2 hours ago Arizona Woman Gets 8 Years for North Korea Laptop Farm Identity Theft Scheme
2 hours ago Trump Threatens Canada Trade Deal: 35% Tariff Looms, Exemptions Worry Businesses
John Michael Ozzy Osbourne is a prominent English singer songwriter...
Jupiter is the fifth and largest planet from the Sun...
Hulk Hogan born Terry Gene Bollea is a retired American...
Adam Schiff is an American politician and lawyer currently serving...
Candace Owens is an American political commentator and author known...
Tulsi Gabbard is an American politician and military officer currently...