Business

Mark Cuban Net Worth

Mark Cuban Net Worth: $2.7 Billion

Mark Cuban is the owner of the Dallas Mavericks and has an estimated net worth of $2.7 billion. Today, many people recognize him as the investor on the hit TV show Shark Tank. Others may know him as the passionate NBA team owner. But do you know how Mark first became a billionaire? In the early 1980’s, he started his first company called, MicroSolutions, reselling computer software. His first company was a success which he later sold in 1990 for $6 million.

Cuban then used this money to start his next business Broadcast.com, a webcasting site, in 1995. The website was an absolute gold mine. The most important thing to point out next is that he was soon entering into the “dot com boom”. This was a short period in the late 90’s in which anything internet-related saw huge success and was mostly overvalued. Well in 1999, Yahoo! fell victim to the dot com bubble acquiring Mark Cuban’s website for a mind-blowing $5.7 billion in Yahoo! stock. This was the best decision of Mark’s life because just a few years later the business slowly fizzled away during the internet bubble.