Mark Cuban

Mark Cuban's House

Mark Cuban's House (Google Maps)
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This is the Grand Cayman home of Mark Cuban, just one of his many stunning properties. Mark Cuban is an American businessman and investor, and world renown billionaire. He is the Sole owner of the National Basketball Association Dallas Mavericks, co-owner of 2929 Entertainment and chairman of AXS TV. He is also one of the main "shark" investors on the ABC reality television series, Shark Tank, where he demonstrates his business savvy. In addition to being a multi-billionaire, Mark Cuban is the sole owner of Magnolia Pictures, Landmark Theaters, and is chairman of HDNet, an HDTV Cable Network.

Mark got his start with his first tech business, a company called Micro Solutions, which resold software. In the swelling of the dot com bubble, that company grew and to the point where it was eventually sold to CompuServe in 1995 for $6 million. Cuban would become a millionaire off that deal, taking away about $2 million after taxes. That same year, Cuban, known for his savvy and aggressive business tactics started a new company, Audionet. The company was based solely on his passions of college basketball and webcasting. Eventually Cuban saw fit to rebrand the effort, changing the company's name to Broadcast.com. The company would grow to over 100 employees and take in $100 million in annual revenue. Eventually Cuban sold the company to Yahoo in 1999 for $5.7 billion in stock. Stock that any investor in that time would have held onto considering the bubble was yet to burst. But what Cuban did, earned him his fortune and clearly showed his business prowess.

Perhaps the smartest financial move of all time, Mark was being able to foresee the dotcom bubble burst. On Cuban's belief alone, that the internet bubble was about to burst he sold all 100% of his Yahoo shares as soon as able. Cuban gambled big on this, as those shares could have gone up just as easily. But Mark stuck to his gut, and he earned $2.5 billion in cash off the deal. Mear months before the bubble burst, which would have left Cuban’s Yahoo stock worth somewhere around $100 Million.

The cash he earned off the Yahoo dump, was used to invest in more tangible business avenues, like his buyout of the Dallas Mavericks. Which Cuban bought from Ross Perot at a steal for $285 million in 2000. Today the team is worth $2 billion, at conservative estimate.

Mark Cuban is thought to be worth at least $4.1 Billion. Though his net worth continues to climb off the back of his savvy investment.
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