Mark Cuban is a prominent American businessman and television personality. He is best known for his ownership of the Dallas Mavericks NBA team, his role as an investor on the popular show Shark Tank, and his ventures in the entertainment industry through 2929 Entertainment.
Mark Cuban was born on July 31, 1958, in Pittsburgh, Pennsylvania.
Mark Cuban graduated from the Kelley School of Business at Indiana University in 1981, earning a Bachelor of Science degree in management.
On July 7, 1982, Mark Cuban moved to Dallas, Texas. He worked as a bartender and then as a salesperson for Your Business Software but was fired less than a year later.
Audionet was founded in 1989 by Chris Jaeb.
In 1990, Mark Cuban sold his company, MicroSolutions, to CompuServe for $6 million, making approximately $2 million after taxes.
Mark Cuban and Todd Wagner co-founded Audionet in 1995, which later became Broadcast.com.
Audionet was renamed Broadcast.com in 1998.
Mark Cuban set a Guinness World Record in October 1999 for the "largest single e-commerce transaction" by purchasing a Gulfstream V jet for $40 million online.
Broadcast.com was acquired by Yahoo! for $5.7 billion in Yahoo! stock in 1999 during the dot com boom.
On January 4, 2000, Mark Cuban purchased a majority stake in the NBA's Dallas Mavericks for $285 million from H. Ross Perot Jr.
Mark Cuban married Tiffany Stewart in September 2002, in a private ceremony held in Barbados.
In 2002, Mark Cuban's criticism of NBA official Ed T. Rush led to a public challenge from Dairy Queen, prompting Cuban to work a day at a local Dairy Queen.
Mark Cuban's firm, 2929 Entertainment, purchased Landmark Theatres, a chain of 58 arthouse movie theaters, on September 24, 2003.
Mark Cuban was featured on the cover of Best magazine's November 2003 premiere issue, discussing the emergence of high-definition television.
Mark Cuban's initial foray into the world of professional wrestling occurred in 2003 when he participated in a staged altercation at WWE's Survivor Series event.
Mark Cuban and Tiffany Stewart welcomed their first daughter in 2003.
Demonstrating his philanthropic spirit, Cuban established the Fallen Patriot Fund in 2003 to provide support to the families of U.S. military personnel who were killed or injured during the Iraq War.
In February 2004, Mark Cuban announced his collaboration with ABC to produce "The Benefactor," a reality television series.
In June 2004, Cuban allegedly engaged in insider trading by selling his shares in Mamma.com after receiving confidential information about a stock dilution. This event led to an SEC investigation and subsequent legal battles for Cuban.
"The Benefactor," a reality television series produced by Mark Cuban, premiered on September 13, 2004, but was canceled due to low ratings.
In 2005, Cuban invested in Brondell Inc., known for their high-tech toilet seat "Swash," and Goowy Media Inc., an internet software startup.
Mark Cuban made a $1.7 million investment in the file-sharing company RedSwoosh, co-founded by Travis Kalanick, in 2005.
Mark Cuban started a booing campaign directed at former Mavericks player Michael Finley upon Finley's return as a member of the San Antonio Spurs.
Mark Cuban's foray into potential NHL ownership began in 2005 when he first expressed interest in buying the Pittsburgh Penguins.
Mark Cuban's interest in purchasing his hometown team, the Pittsburgh Pirates, was rebuffed by then-owner Kevin McClatchy in 2005.
Sirius Satellite Radio announced in April 2006 that Mark Cuban would host a weekly radio talk show, "Mark Cuban's Radio Maverick," though the show did not materialize.
Mavericks player Dirk Nowitzki shared his thoughts on Mark Cuban's ownership style in an interview on June 30, 2006.
Mark Cuban provided financing for Sharesleuth.com in July 2006, a website aimed at uncovering corporate fraud, but his investment strategy drew scrutiny.
Following the Mavericks' loss to the Miami Heat in the 2006 NBA Finals, Mark Cuban received a $250,000 fine from the NBA for repeated misconduct.
In 2006, the Dallas Mavericks, under Mark Cuban's ownership, reached their first NBA Finals but lost to the Miami Heat.
Mark Cuban faced multiple fines from the NBA in 2006 for his behavior during the playoffs, including cursing at a player and criticizing officials.
Cuban's second daughter was born in 2006.
2929 Entertainment released the movie "Bubble," directed by Steven Soderbergh, in 2006.
In 2006, Mark Cuban joined an investment group to bid for the Pittsburgh Penguins; however, their bid was rejected when team owners Mario Lemieux and Ronald Burkle decided to keep the team.
In February 2007, Mark Cuban publicly criticized NBA Finals MVP Dwyane Wade and suggested there were unmentioned controversies surrounding the 2006 NBA Finals.
Mark Cuban published his first children's book, "Let's Go, Mavs!," in partnership with Mascot Books, in April 2007.
On September 12, 2007, Mark Cuban revealed his plans to collaborate with WWE Chairman Vince McMahon on a mixed martial arts company intended to rival the UFC.
In September 2007, Mark Cuban, as owner of Magnolia Pictures, removed disturbing photos from the film 'Redacted' due to copyright issues.
Mark Cuban launched his own mixed martial arts promotion, "HDNet Fights," which premiered on October 13, 2007, featuring a card headlined by a fight between Erik Paulson and Jeff Ford.
RedSwoosh was acquired by Akamai for $19 million in 2007.
Mark Cuban publicly voiced his support for the draft Bloomberg movement on February 8, 2008, encouraging New York City Mayor Michael Bloomberg to run for president in the 2008 election.
Cuban launched Bailoutsleuth.com in October 2008 as a platform to monitor the U.S. government's $700 billion financial bailout.
The U.S. Securities and Exchange Commission (SEC) filed a civil suit against Cuban on November 17, 2008, alleging insider trading related to Mamma.com shares in June 2004. The SEC claimed Cuban avoided a \$750,000 loss by selling his holdings based on confidential information. Cuban denied wrongdoing, claiming he hadn't agreed to secrecy and called the investigation a "gross abuse of prosecutorial discretion."
In 2008, Mark Cuban expressed interest in owning a Major League Baseball franchise by submitting a $1.3 billion bid for the Chicago Cubs.
In January 2009, Mark Cuban was not selected to participate in the final bidding process for the purchase of the Chicago Cubs, despite submitting an initial bid of $1.3 billion in 2008.
On January 16, 2009, Mark Cuban was fined \$25,000 for yelling at Denver Nuggets player J.R. Smith after a game on January 13th. Cuban, offended by an elbow thrown by Smith, offered to donate the fine amount to charity.
In May 2009, Cuban was involved in another controversy after calling the Denver Nuggets "thugs" following a playoff loss. He directed his comment towards the team and fans, including Kenyon Martin's mother, sparking further media attention and an eventual apology from Cuban.
In July 2009, a U.S. District Court dismissed the insider trading charges against Cuban. However, the SEC appealed the decision, continuing the legal battle.
Mark Cuban appeared as a guest host on WWE Raw on December 7, 2009, where he was involved in storylines with wrestlers Randy Orton, Kofi Kingston, and Sheamus.
Travis Kalanick approached Cuban for an investment in Uber in 2009, but Cuban's counter-offer was not accepted.
Since 2009, Mark Cuban has been a regular participant in the prestigious MIT Sloan Sports Analytics Conference, contributing his insights to the intersection of sports and data analysis.
Cuban and Stewart became parents to a son in 2009.
Mark Cuban provided a $5 million loan to the newly formed United Football League (UFL) in April 2010, without owning a franchise or being involved in day-to-day league operations.
In May 2010, H. Ross Perot Jr. filed a lawsuit against Mark Cuban, alleging the Dallas Mavericks were insolvent.
On May 22, 2010, Mark Cuban received a \$100,000 fine from the NBA due to his comments made during a television interview regarding attempts to sign LeBron James.
In June 2010, Mark Cuban responded to H. Ross Perot Jr.'s lawsuit, claiming Perot was seeking money to offset real estate losses.
Mark Cuban's attempt to purchase the Texas Rangers in August 2010 was unsuccessful, despite offering bids totaling nearly $600 million. The deal fell through before the Rangers played in the 2010 World Series.
In September 2010, Mark Cuban invested venture capital into Motionloft, a store-front analytics company, after being cold-emailed by its CEO Jon Mills.
The appeals court ruled in September 2010 that the district court had erred in dismissing the insider trading charges against Cuban, necessitating further legal proceedings to address the merits of the case.
October 6, 2010, marked the deadline for the United Football League (UFL) to repay a $5 million loan from Mark Cuban, which ultimately led to a lawsuit.
Mark Cuban filed a federal lawsuit against the United Football League (UFL) in January 2011, citing their failure to repay the $5 million loan by the agreed-upon deadline.
In April 2011, an alleged incident occurred at a Portland bar called the Barrel Room, where a woman later accused Cuban of sexual misconduct. This incident came to light in 2018, leading to public scrutiny and an investigation by the NBA.
In April 2011, Mark Cuban put Magnolia Pictures and Landmark Theatres up for sale but remained open to keeping them if the price was not right.
In November 2011, Mark Cuban stated his belief that the Los Angeles Dodgers franchise was not worth twice the value of the Texas Rangers, suggesting a price ceiling for his interest in purchasing the team.
Cuban authored an e-book titled "How to Win at the Sport of Business: If I Can Do It, You Can Do It" in November 2011, offering motivational advice.
In 2011, the lawsuit filed by H. Ross Perot Jr. against Mark Cuban was dismissed, partly due to the Mavericks' recent NBA Finals victory.
Since joining in 2011, Mark Cuban has significantly increased the ratings of Shark Tank.
In 2011, Mark Cuban joined the ABC reality program Shark Tank as a 'shark' investor starting from its second season.
In 2011, Mark Cuban celebrated a major triumph as the owner of the Dallas Mavericks when the team won the NBA Championship.
Despite his history of outspoken behavior, Cuban notably refrained from making controversial comments during the Mavericks' successful championship run in 2011.
Mark Cuban expressed interest in becoming a minority owner of the New York Mets in 2011 when owner Fred Wilpon announced plans to sell up to a 25% stake in the team.
In January 2012, Mark Cuban's bid for the Los Angeles Dodgers was eliminated before the second round, with the franchise ultimately selling for $2.15 billion to Guggenheim Baseball Management.
Mark Cuban responded to Donald Trump's offer to President Obama in November 2012 by proposing his own challenge: he would donate $1 million to a charity chosen by Trump if Trump shaved his head.
Mark Cuban donated $250,000 to the Electronic Frontier Foundation (EFF) on December 19, 2012, to support their work on patent reform, specifically funding a new position titled "The Mark Cuban Chair to Eliminate Stupid Patents."
In 2012 and 2013, Shark Tank won the Primetime Emmy Award for Outstanding Reality Program, with Mark Cuban as a key contributor.
In 2012, Mark Cuban made political donations totaling $7,000, divided between Republican Senator Orrin Hatch of Utah and Democratic California Congresswoman Zoe Lofgren.
On October 16, 2013, after a lengthy legal battle, a federal jury in Texas found Cuban not guilty of insider trading charges. The jury reached their verdict after deliberating for over three hours.
In November 2013, Mark Cuban denied claims of an impending acquisition of Motionloft, leading to further scrutiny of the company's CEO, Jon Mills.
On December 1, 2013, Jon Mills was terminated as CEO of Motionloft by its stockholders following controversy over a misrepresented acquisition.
On January 18, 2014, Cuban was fined \$100,000 by the NBA for confronting referees and using inappropriate language. True to his pattern, Cuban pledged to match the fine with a charitable donation, contingent upon reaching two million followers on Twitter.
In February 2014, former Motionloft CEO Jon Mills was arrested by the FBI and charged with wire fraud for misrepresenting a pending acquisition.
Cuban publicly criticized high-frequency trading (HFT) in March 2014, arguing that the technology is akin to automated insider trading. His stance aligns with others who oppose HFT, raising concerns about its potential impact on market fairness.
In 2014, the 5th Circuit Court affirmed the dismissal of H. Ross Perot Jr.'s lawsuit against Mark Cuban.
From 2014 to 2017, Shark Tank won the Primetime Emmy Award for Outstanding Structured Reality Program during Mark Cuban's tenure.
At the Code/Media conference in February 2015, Mark Cuban shared his reservations about net neutrality, stating that the FCC's involvement in internet oversight worried him.
As of May 2015, Mark Cuban had invested in 85 deals across 111 Shark Tank episodes, totaling $19.9 million. Some deals did not proceed after due diligence.
Cuban made a generous \$5 million donation to Indiana University Bloomington in June 2015 to establish the "Mark Cuban Center for Sports Media and Technology," housed within the university's Assembly Hall basketball arena.
Mark Cuban entered the esports realm in June 2015 by investing in Unikrn, a platform focused on esports betting.
In September 2015, Mark Cuban sparked media speculation by stating running for president was "a fun idea to toss around."
Mark Cuban took to Twitter in October 2015, suggesting he might run for Speaker of the House as John Boehner prepared to step down.
Mark Cuban expanded his sports portfolio in February 2016 by purchasing a principal ownership stake in the Professional Futsal League.
In May 2016, Mark Cuban stated he would be open to being a running mate for either Hillary Clinton or Donald Trump in the upcoming presidential election.
On July 21, 2016, Mark Cuban appeared on "The Late Show with Stephen Colbert" where he publicly mocked Donald Trump's business dealings and financial history.
Mark Cuban formally endorsed Hillary Clinton for president at a rally in Pittsburgh on July 30, 2016, and made critical remarks about Republican nominee Donald Trump.
Mark Cuban criticized Donald Trump's views on taxes following a presidential debate in September 2016, arguing against Trump's claim that minimizing tax payments was "smart."
During a September 2016 interview, Mark Cuban effectively endorsed Hillary Clinton for president and criticized Donald Trump's qualifications and policies.
Mark Cuban engaged in a meeting with Steve Bannon, a key advisor to then President-elect Donald Trump, on November 22, 2016.
Despite earlier hints, Mark Cuban clarified that he had no plans to run for president in the 2016 U.S. presidential election.
In October 2017, Mark Cuban said he would "definitely" consider running for president if he wasn't married, sparking further speculation about his political ambitions.
In January 2018, Mark Cuban announced that the Dallas Mavericks would start accepting Bitcoin for ticket payments in the following season.
On February 21, 2018, Cuban received a \$600,000 fine, his largest yet, from the NBA for publicly suggesting that the Dallas Mavericks should "tank" for the rest of the season. Commissioner Adam Silver deemed the comments detrimental to the league.
On March 6, 2018, Willamette Week published an article detailing an alleged incident from April 2011, where a woman accused Cuban of sexual misconduct at a Portland bar. The woman claimed Cuban groped her while posing for photos. Cuban denied the allegations, providing a polygraph test and statements from doctors supporting his claim. The Portland District Attorney declined to prosecute due to insufficient evidence.
Following the public allegations of sexual misconduct against Cuban, the NBA announced on March 8, 2018, that it would be conducting a review of the matter.
In 2018, Forbes ranked Mark Cuban as no. 190 on their list of the "World's Richest People," with a net worth of $3.9 billion.
Mark Cuban revealed in March 2019 that he was seriously considering running for president as an independent candidate.
In May 2019, Mark Cuban acknowledged he was still considering a presidential run but believed it would "take the perfect storm" for him to commit.
In 2019, Mark Cuban, along with Ashton Kutcher and others, acquired a 50% stake in Veldskoen Shoes' U.S. business.
On March 6, 2020, the NBA fined Cuban \$500,000 for his public criticism and detrimental conduct related to NBA officiating.
During a televised appearance on "Hannity" in May 2020, Mark Cuban expressed his support for former Vice President Joe Biden in the 2020 U.S. presidential election.
Mark Cuban disclosed in June 2020 that he had seriously explored an independent presidential bid in 2020, even commissioning a national poll to assess his chances.
Speculation arose that Mark Cuban might challenge Donald Trump in the 2020 presidential election, potentially running as either a Democrat or an independent candidate.
In a compassionate act, Cuban encountered homeless former NBA player Delonte West at a Dallas gas station in 2020 and provided assistance by paying for a hotel room and covering West's treatment at a drug rehabilitation center.
In late 2020, Mark Cuban supported the movement against playing the National Anthem at sports events.
The GameStop short squeeze began on January 4, 2021, with shares priced at $17.15 as Reddit's WallStreetBets community targeted hedge funds shorting the stock.
GameStop shares reached a high of $489 on January 28, 2021, driven by a short squeeze orchestrated by Reddit's WallStreetBets community.
On February 2, 2021, Mark Cuban participated in a "Ask Me Anything" forum on Reddit's WallStreetBets community, offering advice to retail traders amidst the GameStop short squeeze.
On March 4, 2021, Mark Cuban announced that the Dallas Mavericks would begin accepting Dogecoin as payment for both merchandise and tickets.
In 2021, Mark Cuban invested in Injective Protocol and purchased the town of Mustang, Texas. The investment was part of a larger backing by various capital ventures.
In 2021, Mark Cuban decided to stop playing the National Anthem at Dallas Mavericks games to respect those who felt it did not represent them.
In 2021, Mark Cuban began accepting Dogecoin for Dallas Mavericks merchandise and tickets, praising its community's strength.
In January 2022, Mark Cuban launched the Mark Cuban Cost Plus Drug Company to lower generic drug prices for U.S. consumers.
In February 2022, the U.S. 11th Circuit Court of Appeals ruled that the Securities Act of 1933 applies to targeted solicitation via social media.
In July 2022, Mark Cuban and the Dallas Mavericks were named in a class-action lawsuit over Voyager Digital's bankruptcy and alleged Ponzi scheme.
In September 2023, Mark Cuban's MetaMask cryptocurrency wallet was drained by scammers, resulting in a loss of approximately $870,000 worth of tokens.
In November 2023, Mark Cuban announced that the 16th season of Shark Tank would be his last.
On November 28, 2023, it was 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 the Adelson and Dumont families.