Mark Cuban is an American tech entrepreneur who has done well and who owns the NBA team Dallas Mavericks. He also has shares in Landmark theatres, Magnolia Pictures, and the cable TV network HDNet, where he is the acting chairman.
Cuban is well-known for his charitable work, which includes giving money to many organizations that need it. He is one of the people who give the most to the “Fallen Patriot Plan,” which helps the families of soldiers who died while serving the U.S.
Mark Cuban: Early Life
Mark Cuban was born on July 31, 1958, in Pittsburgh, Pennsylvania. He grew up in a Jewish home with a family from the working class. Mark and his brothers Jeff and Brian spent most of their childhood with their Cuban parents in the suburb of Mount Lebanon.
Cubans were taught early on to be self-starters. As a kid, Cuban loved basketball, and he wanted more than anything to have a pair of the best basketball shoes. So, when Cuban was 12, he decided to sell trash bags in his neighborhood to get the money he needed to buy the shoes.
Mark Cuban: Education
Cuban skipped his senior year of high school and went straight to the University of Pittsburgh. He joined the Pi Lambda Phi fraternity when he went to college, but after his first year, he decided to move to Indiana University. Cuban got his B.S. in Management from the Kelley School of Business in 1981.
What is Mark Cuban's Net Worth?
According to celebritynetworth, Mark Cuban is a successful tech business owner and investor who is said to be worth $5 billion.
He keeps getting richer through his investments, and he is one of the original members of the hit TV show Shark Tank, along with Kevin O'Leary, Lori Greiner, Robert Herjavec, and Barbara Corcoran, and Daymond John, who are all experienced entrepreneurs and early-stage investors.
How Did Mark Cuban Build His Net Worth?
Mark moved to Dallas, Texas, after he graduated from college to work as a salesperson and bartender. His job as a salesperson for “Your Business Software” got him interested in the tech industry.
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But after a year with the company, his job was done. He was fired because, instead of opening the store, he met with a client to get new business. Mark started his own business, MicroSolutions, with the help of the customer relationships he built while working for Your Business Software.
Mark grew the company from its early days as a systems integrator and software reseller to a $30 million-a-year business. In 1990, he sold MicroSolutions to Compuserve for $6 million, making a profit of $2 million.
Before the dot-com bubble in the late 1990s and early 2000s, he put his money into Yahoo! stock. Mark became well-known after he said that the dot-com bubble would burst in 2000. After the lockup period was over, the business owner sold his share of Yahoo!, which made him $2.5 billion.
Mark's childhood dream came true when he cashed out his investment and bought the Dallas Mavericks. In 2000, the investor paid Ross Perot $285 million to buy the team from him. Today, the Mavericks are worth at least $2 billion, and Cuban is the only owner of the team.
Mark Cuban: Personal Life
After his family left Russia through Ellis Island, his great-grandfather changed the family's last name from Chabenisky to Cuban. Cuban got married to Tiffany Stewart in a small ceremony in Barbados in September 2002.
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One daughter was born in 2003 and the other in 2006. They also have a son who was born in 2010. Cuban started the Fallen Patriot Fund in 2003 to help the families of U.S. soldiers who died or were hurt in the Iraq War.
Cuban gave $5 million to Indiana University at Bloomington in June 2015 to build the “Mark Cuban Center for Sports Media and Technology” in the school's basketball arena, Assembly Hall.
Mark Cuban: Real Estate
Mark and his family live in a mansion in Dallas that is 24,000 square feet big. Cuban paid $19 million for a California mansion on the beach in December 2018. It was the most expensive sale in the Montage Residences neighborhood of Laguna Beach in 2018.
The 7,867-square-foot home has six bedrooms, seven and three-quarters bathrooms, a pool, walls of windows that open to the outside, and clear views of the beach and ocean.
