Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#524 Mark Cuban $3.74B

Random fact: Producer of movie "Good Night, and Good Luck."

Overview

Cuban is the co-founder of Broadcast.com, the internet streaming service he sold to Yahoo! for $4.8 billion in 1999. The billionaire, who appears on investor-themed reality show "Shark Tank," is the majority owner of NBA franchise Dallas Mavericks and has stakes in movie cinemas, television channels and technology startups.

As of July 20, 2017:
Last change +$25.0M (+0.7%)
YTD change +$147M (+4.1%)
Industry Technology
Biggest asset Cash
Citizenship United States
Age 58
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Mark Cuban's net worth of $3.74B can buy ...

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troy ounces of gold
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barrels of crude oil

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Cuban's fortune is derived from his share of the sale of publicly traded Broadcast.com to Yahoo! for $4.8 billion in 1999. He owned 28 percent of the business, according to Broadcast.com's 1998 initial offering prospectus. The value of his after-tax proceeds today are based on an analysis of asset sales and purchases, taxes and market performance.

A cash outflow of $280 million is included to account for his 2000 purchase of a 95 percent stake in the Dallas Mavericks, a National Basketball Association team. It's valued based on a valuation assessment from Peter J. Schwartz, a consultant with New York-based Anderson Economic Group. Cuban said in a May 2016 e-mail that the team's value is higher than Bloomberg's calculation.

The value of his stakes in a variety of closely held companies, including HD Net and Magnolia Pictures, is included within cash and other assets.

Cuban declined to comment on his net worth in an October 2016 interview with Bloomberg.

Biography

Birthdate: 7/31/1958
Family: Married, 3 children
Education: 1976-1981, Indiana University, Bachelor's Degree

Cuban was born in Pittsburgh in 1958. His father worked at a car upholstery shop, and urged his son to go door-to-door selling trash bags to earn spending money, according to a 2007 Fortune profile. Before long, he was peddling stamps, coins and baseball cards. While attending Indiana University, Cuban bought and ran a bar before it was shut down for serving underage customers.

The young entrepreneur joined Mellon Bank after graduating in 1980, but soon left for the personal computer business. Along with former Texas Instruments executive Martin Woodall, he founded computer hardware and software company MicroSolutions in 1983. H & R Block's CompuServe unit bought the company for $6 million in 1990.

Cuban then teamed up with lawyer Todd Wagner to create Broadcast.com in 1995, a site that streamed radio broadcasts over the Internet. The company went public in 1998 in an offering that was the largest first-day gain in Wall Street history at the time, according to the New York Times.

The pair sold Broadcast.com Inc. to Yahoo! Inc. for $5 billion in 1999. Cuban personally made more than $1 billion from the deal, according to the Wall Street Journal.

He used his new wealth to buy the Dallas Mavericks for $285 million in 2000. The team won the NBA Championship in 2011. The billionaire is also a well-known television personality. He competed on ABC's "Dancing with the Stars" in 2007, and has appeared on "Shark Tank," an investor reality series, since 2012.

Cuban lives in Dallas with his wife and three children.

Milestones
  • 1958 Cuban is born in Pittsburgh.
  • 1983 Forms MicroSolutions with Martin Woodall.
  • 1990 CompuServe buys MicroSolutions for $6 million.
  • 1995 Founds Broadcast.com with Todd Wagner.
  • 1998 Broadcast.com goes public.
  • 1999 Yahoo! Inc. purchases Broadcast for $5.7 billion.
  • 2000 Buys Dallas Mavericks for $285 million.
  • 2012 Begins appearing on ABC's "Shark Tank."