Mark Cuban Net Worth

Mark Cuban  is an American entrepreneur, television personality, media proprietor, and investor. He is the owner of the National Basketball Association’s (NBA) Dallas Mavericks,  co-owner of 2929 Entertainment, and chairman of AXS TV. Mark Cuban net worth is $ 4.3 Billion as of 2020.

Mark Cuban Profile

Mark Cuban was born on born July 31, 1958 in Pittsburgh,Pennsylvania

He grew up in the Pittsburgh suburb of Mount Lebanon, in a Jewish working-class family.

His paternal grandfather changed the family name from “Chabenisky” to “Cuban” after his family emigrated from Russia through Ellis Island.

His maternal grandparents, who were also Jewish, came from Romania.

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Cuban’s first step into business occurred at age 12, when he sold garbage bags to pay for a pair of expensive basketball shoes.

 Some years later, he earned money by selling stamps and coins. At age 16, Cuban took advantage of a Pittsburgh Post-Gazette strike by running newspapers from Cleveland to Pittsburgh.

Mark enrolled as a full-time student at the University of Pittsburgh, where he joined the Pi Lambda Phi International fraternity. 

He is a “beloved” fan of Pittsburgh’s NFL team, the Pittsburgh Steelers. After one year at the University of Pittsburgh, he transferred to Indiana University in Bloomington, Indiana, and graduated from the Kelley School of Business in 1981 with a Bachelor of Science degree in Management.

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Business career

On July 7, 1982, Cuban moved to Dallas, Texas, where he first found work as a bartender for a Greenville Avenue bar called Elan  and then as a salesperson for Your Business Software, one of the earliest PC software retailers in Dallas.

He was fired less than a year later, after meeting with a client to procure new business instead of opening the store.

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Cuban started his own company, MicroSolutions, with support from his previous customers from Your Business Software.

MicroSolutions was initially a system integrator and software reseller.

The company was an early proponent of technologies such as Carbon Copy, Lotus Notes, and CompuServe.

One of the company’s largest clients was Perot Systems.

The company grew to more than $30 million in revenue, and in 1990, Cuban sold MicroSolutions to CompuServe—then a subsidiary of H&R Block—for $6 million.  He made approximately $2 million after taxes on the deal

Mark Cuban Net Worth

Mark is worth $4.3 Billion.

He owns several businesses. On January 4, 2000, Cuban purchased a majority stake in the NBA’s Dallas Mavericks for $285 million from H. Ross Perot, Jr.

Cuban owns film distributor Magnolia Pictures. Through Magnolia, he financed Redacted, a fictional dramatization based on the 2006 Mahmudiyah killings, written and directed by Brian De Palma.

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