Mark cuban
INVESTOR, MEDIA MOGUL
FORECASTING: Media mogul, “Shark Tank” star and NBA’s Dallas Mavericks minority part-owner says Silicon Valley fellow billionaires are backing presidential candidate Donald Trump in hopes that his promises of lower taxes and tariffs will drive up the price of the virtual currency. Calls it a “bitcoin play.” Active on X platform, where he challenged Elon Musk on DEI.
THE MONEY: Co-founded video portal Broadcast.com in 1995; sold it to Yahoo for $5.7B in 1999. Bought majority stake in NBA franchise in 2000 for $285M from H. Ross Perot Jr.; later sold controlling interest to the Adelson and Dumont families, who run Las Vegas Sands Corp. Mavericks lost in NBA finals in June to Boston Celtics. Website “Mark Cuban Companies” lists scores of firms he’s invested in.
OPINIONS: Not shy about sharing his thoughts on his “Blog Maverick.” He wrote in 2021: “Wall Street hasn’t changed much in generations. Sure, it has gone digital in many respects, but the way the game has been played has not changed. Wall Street is 100pct top down controlled and regulated. Which stock is next in the S&P 500? Which is removed? No one knows, but it is provocative and can change fortunes for investors.”
WEEKEND WEALTHY: Paid a reported $19M in 2018 for a nearly 8,000-square-foot home at the Montage Residences, next to the Laguna Beach resort. Cuban spends about five weeks a year at the home, according to some reports; he told Laguna Beach Magazine: “If you see me in Laguna, always feel free to walk up and say ‘hi.’”
NOTABLE INVESTMENTS: Prominent investor with stakes in Magnolia Pictures, AXS TV and numerous startups. Co-founder of Cost Plus Drugs, founded in 2016 with aim of lowering prescription drug prices.
