Editorial credit: Kathy Hutchins / Shutterstock.com
Outspoken businessman, media personality, and savvy investor, Mark Cuban's presence is hard to miss. Since earning his initial fortune selling his first company in 1990, Cuban has stayed active, continuously searching for his next big venture and eventually finding his way to TV screens everywhere as one of the core investors on NBC’s hit reality show Shark Tank.
Cuban, a Pittsburgh native, got his big break in Texas in the 1980s after he was fired from his job as a computer software salesman. Leveraging the customer relationships he made selling computer software, Cuban founded MicroSolutions, which initially began as a system integrator and software reseller. By 1990, MicroSolutions had transformed into a multimillion-dollar business and was acquired by CompuServe (then a subsidiary of H&R Block) for $6 million.
Looking to repeat his success, Cuban joined a company called Audionet in 1995. Three years later the webcasting service rebranded to Broadcast.com, and a year after that, was sold to Yahoo! for $5.7 billion in Yahoo! Stock. This sale made Cuban a billionaire overnight.
As of 2020, Cuban is the 414th richest person in the world with a net worth of $4.3 billion, per Forbes. He has sustained and grown his wealth through investments in startups and his own business ventures. His business acumen and outspoken nature has made him a regular media personality and landed him a starring role on Shark Tank, where he has invested in countless startups and entrepreneurs.
But outside the dozens of startups he has a stake in, what companies does the billionaire own? Read on to find out.
Cuban’s most high-profile role, outside Shark Tank, is owning the Dallas Mavericks, the NBA franchise based out of Texas’ third-largest city. He bought the team in 2000 for $285 million and quickly turned the organization around. Before Cuban’s arrival, the team had a losing record, but by 2006, the Mavericks had made their first trip to the NBA Finals and in 2011, won its first-ever NBA championship.
In 2003, Cuban teamed up with fellow entrepreneur Todd Wagner to create 2929 Entertainment, a venture aimed at developing, financing, and producing independent films outside of Hollywood’s studio system. The company thrived since its founding and made a slew of acquisitions. 2929 Production’s subsidiaries currently include Magnolia Pictures, Truly Indie, AXS TV, and HDNet Movies.
2929 Entertainment has enjoyed several successful releases, including Enron: The Smartest Guys in the Room, Akeelah and the Bee, and George Clooney’s Good Night. And Good Luck, which grossed over $30 million in the U.S., was nominated for six Academy Awards, including Best Picture.
Cuban’s Largest Shark Tank Investments
Ten Thirty-One Productions landed the biggest investment in the hitory of the show. Now owned by Thirteenth Floor Entertainment Group, the company, which produces live horror-themed attractions, had secured a $2 million deal with Cuban in exchange for a 20% stake.
Rugged Maniac, which operates as Rugged Races reached a deal with Mark Cuban for a $1.75 million investment, giving him 25% ownership of the annual obstacle course race business. Since Rugged Races first appearance on the show, the company has expanded to Canada and an additional 28 cities. The company has also created a slew of other races, including "The Costume Dash 5K.”
BeatBox Beverages, which now falls under Future Proof Brands, secured a $1 million investment with Cuban in 2014 in exchange for 33% of the boxed party punch company. Four years later, the company raised $4.7 million in a Series A funding round.
The Org is a professional community where transparent companies can show off their team to the world. Join your company here to add yourself to the org chart!