When it comes to money, Mark Cuban has more than he probably ever dreamed of. He is a self-made billionaire and enjoys life in the most luxurious ways that the rest of us could not even imagine.
It seems that everything he touches turns to gold, whether it’s his investment in the hit show Shark Tank or one of the other lucrative business decisions he makes every day. Cuban has a net worth of $ 3.7 billion, making him one of the richest men in the country.
There are people who think that nothing will come without goals, determination and a lot of hard work, and others who feel very different and say that things happen by chance. So, how much of Mark Cuban’s ability is precisely due to luck?
How did Mark Cuban get his start in the business world?
Most people will even see a small fraction of $ 3.7 billion during their lifetime. What does Mark Cuban do to generate such a huge fortune? Many fans know him as the owner of the Dallas Mavericks, but that is just one of the many things he has in his hands.
Shortly after his graduation, Cuban founded his first company in the computer industry, called MicroSolutions. He didn’t hold it for too long, sold it to CompuServe in 1990 and continued to create the audio streaming service Broadband.com. He then sold that service to Yahoo, Inc. for more than $ 5 billion dollars and has been making full progress since then.
Owner of the Dallas Mavericks
It was in 2000 that the self-proclaimed basketball enthusiast took the extremely smart decision to buy the Dallas Mavericks for a whopping $ 285 million dollars. According to Sportscasting, the team improved enormously after Cuban took over, as they were once considered one of the worst performing teams ever.
The team’s purchase helped its wealth to reach a new level, as the value increased by more than 700% over the years, reached the astonishing price of $ 2.25 billion and increased.
On the Shark Tank panel
Tune in to the reality show, Shark Tank, and you’ll see Cuban sitting on the panel as one of the most outspoken and stubborn investors there is. Inc.com reports that the rich businessman is blunt when he talks to those who pitch the show and likes to hand over a big check when he sees an idea that he thinks it can be a success.
His efforts have certainly paid off during his time on the Shark Tank panel, as he has achieved enormous returns by investing his money in companies such as Gameday Couture, Tower Paddle Boards, Simple Sugars and many more.
According to Sharklytics, Cuban has so far invested in the show in 85 deals, often with other investors and in general earned himself a pretty impressive return!
How much of Mark Cuban’s net worth is due to luck?
Is Mark Cuban just one of the lucky ones who happened to have dropped an incredible amount of money on his lap? Not necessary. Cubans would not have the net value that they have today without taking risks, holding on and doing a lot of hard work.
He knew what his dreams and goals were and he stopped at nothing to reach them. According to CNBC.com, Cuban knows how happy he is, but he also knows that happiness is not everything.
It takes absolute commitment and determination to become a billionaire, two qualities that Mark Cuban can certainly say he has.