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Grizzly Bulls’ Billionaires Index

⬅ # 542 Sumet Jiaravanon|# 544 Richard Tsai ➡

# 543 Mark Cuban 

$5.58B

Real Time Net Worth
as of 7/25/2024
$12.7k (0.00%)

# 543 Mark Cuban 

$5.58B

Real Time Net Worth
as of 7/25/2024
$12.7k (0.00%)
OccupationOwner, Dallas Mavericks
Source of WealthOnline Media, Dallas Mavericks
Age65
ResidenceDallas, Texas
Marital StatusMarried
Children3
EducationBS, Indiana University
Age-Adjusted Net Worth$3.98B
Mark Cuban
Mark Cuban
United States
Net worth: $5.58B

Self-Made Score 

Wealth History

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Biography

Early Life

Mark Cuban was born on July 31, 1958, in Pittsburgh, Pennsylvania, to Norton and Shirley Cuban, both from Jewish backgrounds.
Growing up in Mount Lebanon, a suburb of Pittsburgh, Cuban displayed early entrepreneurial spirit by selling garbage bags at age 12 and later selling stamps and coins.
At 16, he capitalized on a newspaper strike by running newspapers from Cleveland to Pittsburgh, opting out of traditional high school for a full-time university experience.
Cuban attended Indiana University, graduating from the Kelley School of Business in 1981 with a Bachelor of Science degree in management, where he engaged in various business ventures including owning a bar and offering disco lessons.
After college, he worked at Mellon Bank in Pittsburgh, focusing on machines and networking before moving to Dallas in 1982.
Cuban later described his diverse ventures during college, including a bar, disco lessons, and a chain letter.
After graduation, he moved back to Pittsburgh and began working at Mellon Bank, where he delved into the study of machines and networking.

Business Ventures

In Dallas, Cuban worked as a bartender and then as a salesperson for Your Business Software before founding MicroSolutions, a system integrator and software reseller.
He sold MicroSolutions to CompuServe in 1990 for $6 million, making $2 million after taxes.
In 1995, he co-founded Audionet, later known as Broadcast.com, which was sold to Yahoo for $5.7 billion in 1999.
Cuban continued his entrepreneurial pursuits with ventures like 2929 Entertainment, AXS TV, and Magnolia Pictures, delving into film production and distribution.
He also invested in startups like IceRocket, RedSwoosh, and Weblogs, Inc., showcasing his interest in social software and distributed networking industries.
Cuban has demonstrated a penchant for investing in mission-driven companies like Luminaid and Mahmee, reflecting his commitment to impactful ventures.

Sports Entrepreneurship

In 2000, Cuban purchased the NBA's Dallas Mavericks for $285 million, transforming the team's performance and fan engagement during his ownership.
Under his tenure, the Mavericks reached the playoffs consistently and made their first NBA Finals appearance in 2006.
Cuban's active involvement with the Mavericks, including sitting courtside at games and traveling with the team, has distinguished him as a unique team owner.
He has explored ownership in other sports franchises, attempting acquisitions in Major League Baseball with bids for the Cubs, Rangers, Dodgers, and Mets, as well as expressing interest in the NHL's Penguins.
Beyond traditional sports, Cuban has ventured into esports with investments in Unikrn and mixed martial arts with HDNet Fights, showcasing his diverse sports interests.
Cuban's involvement in WWE events, both as a guest host and participant, highlights his engagement across various sports and entertainment platforms.

Television and Entertainment Ventures

Cuban gained prominence as a 'shark' investor on the reality show Shark Tank since 2011, engaging in numerous deals and showcasing his business acumen.
His investments in startups and appearances on Shark Tank have solidified his position as one of the richest and most influential figures in the show's history.
Beyond Shark Tank, Cuban's involvement in reality TV extends to producing and appearing in shows like 'The Benefactor,' demonstrating his diverse entertainment interests.
He has ventured into film production and distribution through Magnolia Pictures, financing projects like 'Redacted' and engaging in the entertainment industry's various facets.
Cuban's interest in high-definition television and satellite networks, as seen through ventures like AXS TV (formerly HDNet), underscores his vision for the future of media consumption.
His willingness to experiment with new business models, like Sharesleuth.com, reflects his forward-thinking approach to media and journalism.

Cryptocurrency and Technology Ventures

Cuban has been actively involved in the cryptocurrency space, investing in ventures like Dogecoin and accepting it as payment for Dallas Mavericks merchandise and tickets.
His foray into cryptocurrency extends to legal battles, such as the lawsuit involving Voyager Digital's bankruptcy filing, showcasing his engagement in evolving technological landscapes.
Cuban's investments in tech startups like Uber, Weblogs, Inc., and Synergy Sports Technology demonstrate his interest in innovative technologies and their potential for disruption.
He has explored blockchain technology through ventures like Bailoutsleuth.com and MetaMask, indicating his belief in the transformative power of decentralized systems.
Cuban's investments in startups like Brondell Inc. and Goowy Media Inc. highlight his interest in consumer-oriented tech solutions and internet software startups.
His involvement in ventures like the Professional Futsal League and esports platform Unikrn underscores his interest in the intersection of technology and sports entertainment.

How long would it take you to become as rich as Mark Cuban?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Mark Cuban's net worth of $5.58B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 52.22% compared to 16.62% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Mark Cuban is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Mark Cuban, Online Media and Dallas Mavericks are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey