Mark Cuban, owner of the Dallas Mavericks, is on long tablecloths as he turns 65 years old. The businessman who is known for being one of the investors in the United States reality show, ‘Shark Tank’, has a great fortune thanks to his business inside and outside of sports.
Born in the city of Pittsburgh, Pennsylvania, Cuban made his first small fortune thanks to a company called MicroSolutions. He then made billions selling a company called Broadcast.com to Yahoo in 1999, at the height of the doctor bubble.
According to the prestigious Forbes magazine, Cuban has a fortune of $5.1 billion dollars, this product of his facet as an entrepreneur. He used his multi-million dollar fortune to buy the Dallas Mavericks, Magnolia Pictures and Landmark Theatres. He is president of HDNet, an HDTV cable network, and co-owner of 2929 Entertainment, a movie company.
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Cuban’s business in sports
On January 4, 2000, Cuban purchased a majority stake in the Dallas Mavericks for $285 million from H. Ross Perot Jr. Prior to his arrival, the franchise had earned only 40%, a percentage that increased after his arrival at 60%, including the 2011 NBA Finals, where they were crowned by beating LeBron James’ Miami Heat.
He has been fined numerous times by the NBA, this due to his constant insults against the league referees and various offenses against players. Despite this, Cuban decided to donate the money for which he had been fined to charities.
In addition, Cuban has also sought to buy MLB franchises such as the Chicago Cubs, Texa Rangers, Los Angeles Dodgers and the New York Mets, however, none of his attempts were successful. He also wanted to buy the Pittsburgh Penguins of the NHL, without success.
2023-07-31 17:30:37
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