- Mark Cuban net worth 2017 is $3.4 billion
- He is an investor on the show Shark Tank
- Mark owns the Dallas Mavericks NBA team
- Mark sold his company for $6 billion to Yahoo!
How did Mark Cuban Become a Billionaire?
The billionaire Mark Cuban had humble beginnings. He came from a middle class family. Mark Cuban was born on July 31, 1958, in Pittsburgh, Pennsylvania. Mark has Russian ancestry. His grandfather moved to the United States from Russia and made a living by selling merchandise from the back of a truck. His father worked at a car upholstery shop.
Mark was into selling items and making a buck. At the age of 12, he sold sets of garbage bags. He saved up his money to buy shoes. In high school, he became a stamp and coin salesman to make extra money.
After college, Mark joined a company for a software sales job. Later, he started his own software consulting business, MicroSolutions. He sold the company to CompuServe for $6 million. That was a good amount of money. But, what made Mark a billionaire was his next business venture, broadcast.com.
Broadcast.com started out as AudioNet. The firm had many critics but, after going public the company’s stock reach $200 per share. It caught the attention of search engine Yahoo!, who wanted to buy the company. Yahoo! bought broadcast.com for a cool $6 billion.
Mark Cuban Owns the Dallas Mavericks
Who owns the Dallas Mavericks? In 2000, Mark Cuban purchased the Dallas Mavericks. The Dallas Mavericks are an NBA team from Texas. One of the team’s top players is Dirk Nowitzki.
The purchase cost Mark $285 million. When Mark purchased the team, it was not a hig performing team. The Mavericks were not managed well and the team personnel made poor decision. However, Mark was going to change that. Wit his enthusiasm, Mark Cuban made better decision and turned the club around. In 2011, the Mavericks won the NBA finals by defeating the Heat.
In 2009, Mark Cuban appeared on the show, Shark Tank. He is an investor on the show. Aspiring entrepreneurs come on the show and ask for investments from billionaires like Mark. If Mark likes the idea, he will decide to invest. In other cases, he might not invest but, still provide feedback and improvements.
Mark is one of the richest people to walk the earth. Mark Cuban has a net worth of $3.4 billion.