OC’s Wealthiest 2023: Mark Cuban

637

MARK CUBAN
OWNER
DALLAS MAVERICKS

THE MONEY: Co-founded video portal Broadcast.com in 1995; sold it to Yahoo for $5.7 billion in 1999. Bought majority stake in NBA franchise in 2000 for $285 million from H. Ross Perot Jr. Team now valued at $2.4 billion, per Forbes.

WEEKEND WEALTHY: Paid a reported $19 million in 2018 for a nearly 8,000-square-foot home at the Montage Residences, next to the Laguna Beach resort. John Stanaland and his son Tyler, then with Villa Real Estate, were the listing agents. Tim Smith of Coldwell Banker represented the buyer. Cuban spends about five weeks a year at the home, he told Laguna Beach Magazine: “If you see me in Laguna, always feel free to walk up and say ‘hi.’”

NOTABLE INVESTMENTS: “Shark Tank” star and investor has stakes in Magnolia Pictures, AXS TV and numerous startups. Co-founder of Cost Plus Drugs, launched last year with aim of lowering prescription drug prices.

RETURN to Index