FORECASTING: Media mogul, “Shark Tank” star and NBA’s Dallas Mavericks minority owner seems to be fond of predicting the future. He was quoted as saying the world’s first trillionaire won’t be Jeff Bezos or Elon Musk but rather “some dude in a basement” who can harness AI big time. Supported Kamala Harris for president and rumors circulated he was considered for VP slot.
POLITICS: Has indicated he likes fellow billionaire Elon Musk’s idea of a third major political party. Last year Cuban said Silicon Valley fellow billionaires were backing then- presidential candidate Donald Trump in hopes that his promises of lower taxes and tariffs will drive up the price of virtual currency.
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. Website “Mark Cuban Companies” lists scores of firms he’s invested in. His LinkedIn profile sums it up: “I’m an entrepreneur.”
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 8K-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.’”
QUOTABLE: “Like everyone else, I’ve seen what (Musk) has done. And I’ve seen person after person think they could change Trump, only to get burned. In this case, a vengeful Elon could be the opposing force that has a positive impact … It’s not like he didn’t vote dem in previous elections.”
