Mark Cuban is an American Entrepreneur, television personality, media proprietor, investor and professional sports team owner. He is the Co-founder of the successful startup Broadcast.com. He is the fervent owner of National Basketball Association’s (NBA) Dallas Mavericks. He is the co-owner of the movie production company 2929 Entertainment and Brondell. He is the chairman of AXS TV. He is also an investor on the ABC reality television series, Shark Tank.
Mark Cuban- Biography
| Name | Mark Cuban |
|---|---|
| Born | 31 July, 1958 |
| Birthplace | Pittsburgh, Pennsylvania, U.S. |
| Age | 62 (2020) |
| Education | Indiana University Bloomington |
| Profession | Entrepreneur, Investor |
| Position | Owner, Dallas Mavericks; Co-founder, Broadcast.com |
| Net Worth | $4.5 billion (November, 2020) |
| Father | Norton Cuban |
| Mother | Shirley |
| Spouse | Tiffany Stewart |
| Children | 3 |
Mark Cuban- Personal Life
Mark Cuban- Education
Mark Cuban- Professional Life
Mark Cuban- MicroSolutions
Mark Cuban- Broadcast.com
Mark Cuban- Investments
Mark Cuban- NBA’s Dallas Mavericks
Mark Cuban- Awards and Honors
Gorish Dua
Mark Cuban- Personal Life
Mark Cuban was born and brought up in Pittsburgh, Pennsylvania. He came from a middle-class family. His father, Norton Cuban worked at a car upholstery shop. His mother, Shirley used to shift to different jobs every week. After his family emigrated from Russia to Ellis Hills, his paternal grandfather changed the family name from ”Chabenisky” to “Cuban.” At the age of 12, he sold garbage bags to pay for a pair of basketball shoes. From very small age, he got into business by selling some or the other things to make money.
Mark Cuban- Education
Mark Cuban enrolled himself as a full-time student at the University of Pittsburgh. Instead of attending high school, he joined the University only to be a part of Pi Lambda Phi International fraternity. He was highly fascinated by the National Football League team, the Pittsburgh Steelers. After a year, he transferred to Indiana University, Bloomington, Indiana. He completed his graduation from the Kelley School of Business in 1981 with a Bachelor of Science degree in Management.
Mark Cuban- Professional Life
Mark Cuban got into business after the age of 12, he used to earn money by selling stamps and coins. At the age of 16, he started running newspapers from Cleveland to Pittsburgh. Even during college, he had diverse business ventures, including a bar, disco lessons, and a chain letter. After his graduation, he got a job with Mellon Bank in Pennsylvania. He further got deep knowledge of networking and machines.
Mark Cuban- MicroSolutions
Mark Cuban established his own company, MicroSolutions, with the help of his previous customers from Your Business Software. Initially, the company was a system integrator and software reseller. It was basically a job selling software. Perot Systems was one of its largest clients. The company eventually grew to more than $30 million in revenue.
In 1990, Mark sold Microsolutions to CompuServe and a subsidiary of H&R Block for $6 million. He grossed $2 million on the deal.
Mark Cuban- Broadcast.com
In 1995, Mark established another company, AudioNet, with his business partner, Todd Wagner. The company aimed at serving the audio of Indiana Hoosier basketball games online. Initially the venture was highly criticized but it eventually proved to be a success. The firm went public in 1998 with a changed name, Broadcast.com and soon reached a share of $200. The following year, Wagner and Cuban sold the firm to Yahoo! for $6 billion.
Varad Kitey
Mark Cuban- Investments
Mark Cuban opened the ways to several start up companies by providing investments to them. The following social software startups received the sincere investments of Mark Cuban:-
- IceRocket, a search engine that attains the blogosphere for content
- RedSwoosh, a peer-to-peer technology to coerce rich media, which was later acquired by Akamai
- Weblogs, Inc. which was later acquired by AOL
- Brondell Inc., a San Francisco startup making high-tech toilet seat
- Goowy Media Inc., a San Diego Internet software startup
- Sharesleuth.com, a website created to disclose fraud and misinformation in publicly traded companies
- Motionloft, an analytics company
Moreover, he made investments in 85 deals across 111 Shark Tank episodes, for a total of $19.9 million. He also owns the film distributor Magnolia Pictures as well.
Megha Rani
Mark Cuban- NBA’s Dallas Mavericks
Mark Cuban purchased the NBA’s Dallas Mavericks for $285 million from Ross Perot Jr. in 2000. He fulfilled his longing desire of owning the sports team. He made many efforts to erect his team up and revamped the culture of its team. He was the club’s biggest fan and motivator. The Mavericks won the NBA title by defeating the Miami Heat in 2011. Cuban also launched his own blog which demonstrated his knowledge in tech-insights and thoughts on NBA basketball. The blog received huge response through thousands of emails a day from his readers.
Mark Cuban- Awards and Honors
Mark Cuban received awards in both the fields of business and sports.
- He received a Kelley School of Business Alumni Award as a Distinguished Entrepreneur (1998)
- He was conferred with the D Magazine CEO of the Year (2011)
He also received awards as the owner of the Dallas Mavericks:
- He received NBA Champion (2011)
- He also received Outstanding Team ESPY Award (2011)