3. Estimated Net Worth
Currently, Cuban’s net worth sets at approximately 2.4 billion dollars. That is, the most recent estimate from Forbes’ March issue sets Cuban’s ownership of the Dallas Mavericks and co-ownership of 2929 Entertainment at over two billion dollars. Cuban’s success is the product of shrewd business sense and sense of timing. Cuban sold Broadcast.com to diversify his portfolio and lessen the chance of being a victim of the upcoming market crash. After purchasing Landmark Theatres and 2929 Entertainment around 2003, Cuban gained notoriety by being listed among the 500 richest individuals in the world, according to Forbes, as well as being included in the Guinness Book of World Records per the biggest single e-commerce deal to date. That is, Cuban electronically purchased a Gulfstream V jet around the year 2000 for over forty million dollars! Cuban has leaned towards philanthropy in the last two years, although he still finds time to spiritedly cheerlead the Dallas Mavericks from the sidelines. In late 2012, Cuban donated $250,000 to the Electronic Frontier Foundation, which helps support work on patent reform. In addition, Mark Cuban initiated the Fallen Patriot Fund to aid injured veterans returning from the war in Iraq.
How much is Mark Cuban’s Net Worth? $2.4 Billion!
Video Transcript:Mark Cuban was born on July 31, 1958 in Pittsburgh, Pennsylvania. He married his wife Tiffany Stewart in Barbados in September 2002, and the couple has two daughters and a son: Alexis Sofia, born in 2005; Alyssa, born in 2007; and Jake, born in 2010.Cuban helped create MicroSolutions before selling it in 1990 for $6 million. Five years later, he helped co-create Audionet, which eventually became Broadcast.com. By 1999, the company was sold to Yahoo for $5.7 billion in company stock. However, Cuban was able to trade a good deal of that stock prior to the stock market collapse, selling it at $163 a share, a deft move, considering the stock eventually bottomed out at $8. In 2000, he purchased the NBA‰Ûªs Dallas Mavericks for $285 million, and in his 15 years as owner, the team has reached the NBA Finals twice, winning in 2011. Cuban has continued to invest in a number of growing companies, including many related to media like HDNet, Landmark Theatres and Magnolia Pictures. In addition, a number of growing companies focused on online commerce, and is one of the regular panelists on the ABC reality show Shark Tank. Cuban is worth an estimated $2.7 billion, with the Mavericks valued at $1.15 billion. Over the past two years, that net worth has increased by approximately $400 million.Video Credit: AlphaLife.me on YouTubehttps://www.youtube.com/watch?v=lzcrsbbcS9k