Mark Cuban Net Worth - How Rich is the American Entrepreneur?
Grab all the details you need to know about the net worth of the American Entrepreneur and television personality Mark Cuban.
American entrepreneur Mark Cuban is a well-known media proprietor and investor, who is also the owner of the National Basketball Association's (NBA) Dallas Mavericks. He is a co-owner of 2929 Entertainment and chairman of AXS TV. He is also a television personality as he is one of the main 'shark' investors on the ABC reality television series, 'Shark Tank.'
Mark Cuban is one of the most successful businessmen in the United States, and he also wrote an e-book titled 'How to Win at the Sport of Business' in which he writes about his experience in business and sports. He is also one of the wealthiest people, not just in the country but the whole world. Let's find out about his current net worth and assets, which he has made from his immense earnings over the years.
What is Mark Cuban's Net Worth?
Being a billionaire, Mark Cuban is one of the wealthiest people on the planet. He is included by Forbes magazine in number 177 of the Forbes 400 list as of November 2020, with a real-time net worth of $4.2 billion. As an entrepreneur, he made the entire amount of his fortune through various businesses and enterprises.
Mark Cuban holds a real-time net worth of $4.2 billion.
Mark Cuban began his working life as a bartender and as a salesperson for Your Business Software, which was one of the earliest PC software retailers in Dallas. He was fired less than a year when he met with a client to procure new business instead of opening the store. He went on to found MicroSolutions with support from his previous customers at Your Business Software. The company later grew to produce more than $30 million in revenue, and in 1990, he sold the company to Compuserve for $6 million, of which he got to bag $2 million on the deal after taxes.
In 1995, Mark Cuban teamed with Chris Jaeb and Todd Wagner and started Audionet. The company became Broadcast.com in 1998, and by 1999, it had grown to $13.5 million in revenue. The same year, they sold it to Yahoo for $5.7 billion.
In 2000, Mark Cuban bought the Dallas Mavericks from Ross Perot for $285 million. Today the NBA team is worth an incredible $2 billion, and Mark is the only owner. The team won the 2011 NBA Championship. He also purchased Landmark Theatres, a chain of 58 art-house movie theaters, on September 24, 2003.
According to Business Insider, Mark Cuban holds nearly $1 billion worth of stocks in Amazon. Besides, he is also the co-founder of 2929 Entertainment, which owns the production companies behind films like 'Akeelah and the Bee' and 'Good Night and Good Luck.' In the same year he sold Broadcast.com, he bought a Gulfstream V business jet for $40 million. Additionally, he has also sold majority stakes in his two cable networks — AXS TV and HDNet Movies — to Steve Harvey and Anthem Sports for an undisclosed sum.
Mark Cuban Real Estate Assets
In 1999, Mark Cuban purchased a 24,000-square-foot French chateau-style mansion in the Preston Hollow neighborhood of Dallas, Texas. The estate was worth $13 million at that time. He and his family still live there, and it comes with ten bedrooms, a spa, pool, wet bars, and tennis courts on a seven-acre estate.
In 1999, Mark Cuban purchased a $13 million worth mansion in the Preston Hollow neighborhood of Dallas, Texas.
Source: Business Insider
In 2018, Mark Cuban also bought a $19 million vacation villa in Laguna Beach's exclusive Montage Residences community. The house, which comes with six bedrooms and a private pool, is described by Business Insider for having 'walls that disappear to open up to the outdoor space.'
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