Mark Cuban net worth: A look at ‘Shark Tank’ investor’s incredible fortune

Entrepreneur, investor and philanthropist Mark Cuban began building his fortune in the 1990s with the sale of his technology startup, MicroSolutions. Nearly three decades later, his business ventures and stakes in the entertainment industry have helped his net worth skyrocket.

Mark Cuban Net Worth: $3.7 Billion

Five fast facts about Mark Cuban:

  • Net Worth: $3.7 billion
  • Age: 60
  • Primary sources of wealth: shareholder in Landmark Theatres and Magnolia Pictures, investments
  • Owner of the Dallas Mavericks
  • CEO of AXS TV

The billionaire has made most of his money through media companies and investments but has also expressed an an interest in running for president in 2020

RELATED: Check out the richest people in America, according to Forbes: 

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Forbes 9 richest people in America, 2017
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Forbes 9 richest people in America, 2017

Larry Page: $44.6 billion

Source of wealth: Google

Age: 44

Residence: Palo Alto, California

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Michael Bloomberg: $46.8 billion

Source of wealth: Bloomberg LP

Age: 75

Residence: New York, New York

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6. David Koch: $48.5 billion

Source of wealth: Diversified

Age: 77

Residence: New York, New York

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6. Charles Koch: $48.5 billion

Source of wealth: Diversified

Age: 81

Residence: Wichita, Kansas

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5. Larry Ellison: $59 billion

Source of wealth: Software

Age: 73

Residence: Woodside, California

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4. Mark Zuckerberg: $71 billion

Source of wealth: Facebook

Age: 33

Residence: Palo Alto, California

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3. Warren Buffett: $78 billion

Source of wealth: Berkshire Hathaway

Age: 87

Residence: Omaha, Nebraska

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2. Jeff Bezos: $81.5 billion

Source of wealth: Amazon.com

Age: 53

Residence: Seattle, Washington

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1. Bill Gates: $89 billion

Source of wealth: Microsoft

Age: 61

Residence: Medina, Washington

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Media Ventures and Investments: ‘Shark Tank’ and More

The start of Cuban’s successful business career came shortly after his college days when he founded computer consulting company MicroSolutions. In 1990, he sold the company to CompuServe and used profits from the sale to create Broadband.com, an audio streaming service. Broadband.com eventually sold to Yahoo, Inc. for $5.6 billion. Mark Cuban currently has stakes in multiple entertainment companies, including Landmark Theatres and Magnolia Pictures, and he is CEO and chairman of AXS TV.

Cuban has been appearing as a “shark” investor on the reality competition show “Shark Tank” since 2009. He proposed the largest deal in the show’s history, but surprisingly, the $30 million offer was turned down.

Learn More: Stars of “Shark Tank” Share 47 Lessons for Small Business Owners

Mark Cuban’s Sports Team Success

The mogul is also the owner of the Dallas Mavericks. Under Cuban’s guidance, the NBA basketball team — bought for $285 million — has reached a value of $1.9 billion. The Mavericks became NBA World Champions in 2011, the first time in the team’s history. As of 2018, they are listed as the ninth most valuable NBA team by Forbes.

Cuban was one of many to speak out in 2018 when the Supreme Court declared a federal ban on sports betting and ruled the activity as unconstitutional. The ruling paves the way for further challenges to gambling on several sports. Cuban claimed that the legalization of sports gambling makes teams like his even more valuable by bringing an underground industry to light and dramatically increasing participation.

Advice: 10 Things Mark Cuban Says to Do With Your Money

Mark Cuban’s Focus on Business

A native of Pittsburgh, Cuban showed a business-savvy nature and an affinity for startups during his youth when he worked as a door-to-door garbage bag salesman at the age of 12 and taught disco lessons to pay for his studies at Indiana University. During his time in college, Cuban was the owner of the campus’ most popular bar. As he has become more and more successful, he has been vocal about his ideas about money and finance.

Now an established business figure, Cuban still makes sure to keep in touch from others he can share ideas with or learn from. In June 2018, Cuban was spotted with fellow billionaire investor Warren Buffett at a Dairy Queen in Omaha, Neb. Financial blogger John Schmoll claimed to have overheard Buffett praising the benefits of long-term investing, but in terms of money talk that day, Cuban confirms that he paid for both of their ice creams.

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No better guy to eat with at @dairyqueen

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Mark Cuban‘s Philanthropic Work

Beyond entrepreneurship and investing, Cuban has shown interest in giving back as well. Founded and funded by The Mark Cuban Foundation, The Fallen Patriot Fund provides financial aid to the families of soldiers who were killed or seriously injured during Operation Iraqi Freedom. So far, the fund has provided over $5 million in grants to families.

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