Mark Cuban's Net Worth | The Billion-Dollar Life of a Shark
Billionaire investor and entrepreneur, Mark Cuban has made a splash as the biggest investing "shark" on ABC's popular reality television series, Shark Tank, but there is so much more to this shrewd businessman.
He also owns the NBA's Dallas Mavericks, serves as chairman for AXS-TV, and co-owns 2929 Entertainment. He wrote an e-book in 2011 titled, How to Win at the Sport of Business. In it, he describes what he has experienced in the business and sports worlds.
Cuban's Early Life
Mark Cuban was born on July 31, 1958 in Pittsburgh, Pennsylvania. He was raised in a working-class Jewish family in the suburb of Mount Lebanon. Cuban's father, Norton, worked as an automobile upholsterer and his mother, Shirley, changed jobs often. Mark Cuban started off in business at an early age.
When he was twelve years old, he began working selling garbage bags, so he could afford to buy an expensive pair of basketball shoes. At the age of sixteen, he ran newspapers from Cleveland to Pittsburgh when the Pittsburgh Post-Gazette was on strike.
What Mark Cuban Is Really Worth
After receiving his Bachelor of Science degree in management, Cuban started MicroSolutions. In 1990, he sold the company for $6 million to CompuServe His involvement in the dot-com industry for over 35 years, along with his sports ownership, has helped him amass a hefty fortune.
As a regular on Shark Tank, Cuban has built up quite a fan following. He has also appeared on Entourage, Dancing with the Stars, and Sharknado. According to Forbes, the outspoken investment expert is worth around $4.3 billion.
Cuban's Best Shark Tank Deals
Anyone who has ever seen Shark Tank knows that Mark Cuban is a man of strong opinions. Of all the investments he has made on the show, he has stated that his favorite is the 2012 Tower Paddle Boards deal. He invested $150,000 in 2012 for a 30 percent stake in the startup company. And, his confidence obviously paid off, since the company has earned over $30 million, as of 2018.
In 2013, he partnered with fellow "shark", Robert Herjavec, to make a $250,000 investment for 35 percent of Nuts 'N More, a business that makes nut butters, among other products, that have flax seed. His interest in healthy foods helped the business sell over $30 million by 2018.
Where the Richest Shark Lives
When Mark Cuban first struck it rich, he made a very smart investment in a beautiful mansion. In late 1999, he bought a mansion in the style of French chateau in the wealthy Preston Hollow section of Dallas, Texas.
The home measures an impressive 24,000 square feet and cost $13 million. And the really impressive part is that the billionaire and his family still live there. It has ten bedrooms, tennis courts, a pool, and a spa on a roomy seven acres.
A Peek Inside Mark Cuban's Car Collection
When it comes to cars, Cuban has an eye for gorgeous machinery. Among his huge car collection is a Mercedes-Benz S600 Pullman Guard limousine, which he uses as his daily family ride. The sleek vehicle costs $1.5 million, as if money were a factor for the billionaire and his brood.
He also enjoys vintage autos, and owns a white 1955 Ford Customline, which he had restored by the well-known Grease Monkey Garage. And, if his fleet of luxury and performance vehicles isn't enough for him, he can always turn to one of his three private jets. The Gulfstream V alone cost a whopping $40 million, landing it in the Guiness Book of World Records for being the biggest e-commerce purchase in history.
How the Billionaire Vacations
When Mark Cuban wants to get away from the stress of business, he has a choice of opulent destinations. In 2018, he bought a vacation home in Laguna Beach, California for $19 million. The villa is part of a private community, the exclusive Montage Residences, that boasts a concierge, housekeeping, room service, and a spa.
It has six bedrooms and seven bathrooms, and features walls that open to reveal a fantastic outdoor area with a private pool. The home measures 7,867 square feet and offers the perfect getaway for Cuban and his family.
