Mark Cuban Net Worth: How Does He Make And Spend His Money?

If you are not acquainted with the yearly roster of billionaires as published by Forbes magazine, you are less likely to be familiar with Mark Cuban’s net worth and your only knowledge of him limited to his charming appearances on the popular ABC show, Shark Tank, but do not be fooled – he is one of the richest people in the world and he owns one of the most significant assets a person could own in America, an NBA team.

Mark Cuban often cuts the figure of a regular guy and he is one of a few billionaires who make regular appearances on TV in acting capacities, but he is considered an astute and ruthless businessman who made his wealth through old fashioned means – cutting deals. Here is Mark Cuban’s net worth along with details about how he makes and spends his money.

Mark Cuban’s Net Worth

At a net worth of $4.1 billion, Mark Cuban is comfortably one of the richest persons in America, in fact, he is one of the twenty-five richest in the country.

The Pittsburgh, Pennsylvania-born businessman began his journey in business at the age of 12 when he began selling garbage bags to pay for expensive basketball shoes. By the age of 16, he graduated to selling newspapers between Cleveland and Pittsburgh.

His business-oriented mind has since made him grow from selling newspapers to owning one of the most valuable sports teams in the United States. Mark Cuban’s first dive into the world of business as an adult began in college where he owned a bar, operated disco lessons and a chain letter.

READ   15 College Dropouts That Became Billionaires

After college, he found work as a salesperson for Your Business Software, where he worked for a year before he was fired and he went on to establish his own company, MicroSolutions. Mark Cuban’s net worth got its first major boost after he grew the software retail company into a successful business, eventually selling it off for $6 million.

Cuban then started another business, Audionet which eventually became The business achieved a great deal of success during the dot com boom and was eventually acquired by Yahoo! for $5.7 billion in Yahoo! stock, giving Cuban his first taste of a billionaire status after he sold his share of the company for $1 billion.

After a year, he bought the Dallas Mavericks for $285 million and he has nurtured the team to a franchise worth of $1.9 billion, as well as on the court successes like regular features in playoffs and an NBA finals victory in 2011.

Aside from the Dallas Mavericks, Mark Cuban has made his money also through owning a chain of movie theatres via the entertainment company, 2929 Entertainment. The company is also into movie and TV show production.

Other investments which have earned Mark Cuban some money include IceRocket, Magnolia Pictures and several others.

See Also: Elon Musk’s Net Worth Is About $20 Billion, How Much Of It Comes From Tesla?

How Does Mark Cuban Spend His Money?

When you have Mark Cuban’s net worth, there is no limit to how you can enjoy yourself and splurge on some of life’s biggest and most luxurious offerings. One of them is a private jet, a Jetstream plane he bought over the internet for $40 million. Although he bought the jet in 1999, it still maintains the Guinness Book of Records as the largest single e-commerce transaction in history.

READ   Flip or Flop Tarek el Moussa's Ethnicity, Net Worth and Girlfriend

Other noteworthy luxurious expenses of Mark Cuban include his Dallas mansion which has 10 bedrooms, 16 bathrooms, a tennis court, pool, and a separate guest house. The location of the mansion makes him a neighbor of the former president, George W. Bush. He bought the mansion for $17.6 million in 1999. Aside from his jet and his mansion, Cuban also owns a yacht.

READ   Mark Cuban - Family, Business Successes & Cars

Mark Cuban’s net worth
Mark reacts to a ref call during a Mavs game in January 2018 (image source)

While he does engage in a bit of lavish spending like every other billionaire, Mark Cuban’s net worth has also been spent on multiple fines from the NBA for his behavior as the owner of the Dallas Mavericks. The billionaire has gained notoriety for his animated behavior on the sidelines of every Dallas Mavericks game, which has gotten him fined over 13 times.

Also, as a member of Shark Tank, he has spent over $20 million of his money across over 85 deals on the show.

Mark Cuban is also a philanthropist who has donated several millions of dollars to charity. He famously matches each fine the NBA gives him and donates it to charity. He also founded the Fallen Patriot Fund through which he donates and helps US military personnel who were killed or wounded during the Iraq War.

Adeola Seun
Adeola Seun
Seun is a CCNA certified graduate of FUTA. He has been writing on various subjects that include finance, economics, celebrity net worth, lifestyle, biographies and politics for over 7 years, Other than writing, he enjoys movies, video games, and sports


Snoop Dogg – Net Worth in 2020, Family & Friendship With Martha Stewart

What is Snoop Dogg's net worth? Snoop Dogg is an American rapper, actor, entertainer, film director, and record producer, famed for his work in the...

Kendall Jenner – Net Worth, Boyfriend & Relationship With Harry Styles

What is Kendall Jenner's net worth? Kendall Jenner is one of the most famous people in the world right now. While still in her teens,...

Tyga – Net Worth in 2020, Relationship With Kylie Jenner & Blac Chyna

What is Tyga's net worth? Tyga is one of the uniquely talented rappers in the international music scene. In 2017, the star and media personality...

50 Cent – Net Worth in 2020, Music Success & Romantic Relationships

What is 50 Cent's net worth? Curtis James Jackson III, popularly known as 50 Cent, is a rapper, actor, investor, and entrepreneur. 50 Cent has...

Mariah Carey – Musical Success, Husband & Family Members

Mariah Carey is an American singer, songwriter, record producer and actress. Over the long haul of her music career, she has established her talent...

All The ‘Hell’s Kitchen’ Winners – Where Are They Now?

Since Fox Television brought Hell’s Kitchen to our screens in 2005, giving Americans a taste of the excellence of international chef, Gordon Ramsay, it...

Tom Brady – Net Worth in 2020, NFL Career & House

What is Tom Brady's net worth? Tom Brady is an American football quarterback who plays for NFL's New England Patriots. Read on to discover how...

The Highs and Lows of Rob Dyrdek’s Career Pursuits, Net Worth and Facts About His Wife

Many people subscribe to the belief that pro athletes only boast of physical talents without much intellectual capabilities. However, if there is one person...

More From Justrichest

Inside Jay Leno’s Massive Car Collection, Net Worth & Family Life

Jay Leno is without doubt, one of the finest and most mature entertainers America has ever produced. A multiple award-winning stand-up comedian, writer, TV...

12 Biggest and Most Expensive Homes of Extravagant Footballers In 2020

The huge and decent earnings of footballers grant them the audacity to exemplify lavish spending and also enable them to sustain every aspect of...

Jessica Nigri Net Worth: How Much Money Does The Cosplayer Make?

Jessica Nigri is a well-known American cosplayer. For the benefit of those who don’t know, Cosplay is derived from the words costume and play....

20 Strongest and Most Powerful Currencies in The World (Updated 2020)

According to World Atlas, there are 180 currencies in circulation that are recognized by the United Nations across the wide world and these are...

Featured Today

Who is Zack Snyder’s Daughter Autumn Snyder and Why Did She Commit Suicide?

It could be hard to understand why someone would ever take their own life; leaving their family and loved ones to suffer in a...

Tammy Bradshaw – Bio, Net Worth and Facts About Terry Bradshaw’s Wife

Tammy Bradshaw is one of the many less talked-about personalities we have in the American entertainment industry. Tammy who was a model and a...

Who Is Sandra Otterson? Her Personal Wealth, Life and Quick Facts

American adult star, Sandra Otterson, currently based in Arizona, USA has is worth about $5 million. Background and Career Sandra Otterson, popular with the name ‘Wifey‘...

What Is Wrong With Barron Trump, Is He Really Autistic? Where Is He Now?

Autism is prevalent and can affect people of all ethnic, racial and socioeconomic groups. The disorder, which limits a person's ability to relate and...

Related Stories