He has sold garbage bags, taught disco moves, worked as a bartender and acted in movies and TV series. Quite diverse, isn’t he? What led him to prosperity, however, is the training in management during his college years. He believes if one has to come out of the shocks of the market, one actually needs to diversify one’s investment. He is one among the few billionaires.
He is Mark Cuban. Mark is an entrepreneur, investor, actor, author, and renowned TV personality. Do you wish to know how he earned this enormous fortune? Do give a read to the net worth of Mark Cuban in 2018.
Early Life & Biography
Mark Cuban was born on the 31st of July, 1958 in Pittsburgh, Pennsylvania. His father, Norton Cuban, was an automobile upholsterer while his mother, Shirley, did different jobs. He was brought up in a Jewish family in the region of Mount Lebanon. He attended the University of Pittsburgh where he got in the Pi Lambda Phi International fraternity. He migrated to Indiana University in Bloomington, Indiana, after a year at Pittsburgh. He earned a Bachelors degree in management from Kelley School of Business in 1981.
In the year 2002, he vowed a lifetime of togetherness with Tiffany Stewart in a private ceremony in Barbados. They have three children that include two daughters and a son. He along with his family resides in a mansion in the Preston Hollow area of Dallas, Texas. Mark Cuban has two brothers namely Brian and Jeff Cuban.
He began working at the tender age of 12. He sold garbage bags to buy expensive basketball shoes.
Career Awards & Nominations
He started his professional career by working various odd jobs, as a bartender, salesperson, dance instructor and party promoter. He launched his own company, “Microsolutions”. It was aided by his previous clients at “Your Business Software”. Later on, he sold “Microsolutions” to “Compuserve” and earned $ 2 million after tax deduction.
Mark Cuban began funding “Audionet” started by Chris Jaeb and Todd Wagner in 1995 which later became “Broadcast.com” in 1998. Eventually, the company was taken over by Yahoo for a $ 5.7 billion deal.
He continued his collaboration with Todd Wagner in the form of “2929 Entertainment” dealing in production and distribution of films and videos. He owns “IceRocket”, a search engine. He is a partner in “RedSwoosh” and has also invested in “Weblogs”. He has heavily invested in the entertainment business. Mark Cuban, understanding the potential of reality TV, put his money in “Shark Tank”. He also owns “Magnolia Pictures”. He authored “How to win at the Sport of Business”.
Mark Cuban has diversified his investments over the years. He has also invested in the sports world. He bought shares in NBA’s “Dallas Mavericks” for $285 million. Mark has also appeared in movies as himself, such as “Entourage” and ”The Clapper” to name a few. In 2011, he got the award of CEO of the year by D Magazine.
Net Worth & Earning
As of 2018, Mark Cuban’s net worth stands at $3.7 billion. The source of his vast income is profitable investments and diversified business. He earns a considerable amount of money from reality TV “Shark Tank”. He has shares in “Magnolia Pictures”, “Landmark Theatres”, “Dallas Mavericks” and many more. He is one of the few billionaires.
Mark Cuban took all the challenges with a smile since the age of 12. He cashed each opportunity and applied his managerial skills to acquire a vast fortune. One can take this away from Mark Cuban that whatever comes in the way you just face it even in worst and odd times.