What Is Mark Cuban’s Net Worth in 2024: How Did He Build a Fortune?

Like King Midas, tech mogul and billionaire Mark Cuban has incredible skills for turning his ventures into gold—though, unlike the mythical king, Cuban’s success comes without the curse.

He turned his software reseller company into a multi-million dollar enterprise, pioneered a streaming business long before Netflix became popular, and polished a basketball team into an NBA champion, attracting revenue streams from various companies.

Over four decades, Mark Cuban’s net worth has skyrocketed to more than $5 billion in 2024, from an $18,000-per-year salary as a salesperson. Would you like to find out how did Mark Cuban make his money? Read on.

Table of Contents Table of Contents

1. Key Takeaways
2. Mark Cuban's Net Worth
3. The Bottom Line
4. FAQs
5. References

Show Full Guide

Table of Contents

1. Key Takeaways
2. Mark Cuban's Net Worth
3. The Bottom Line
Show Full Guide
4. FAQs
5. References

Mark Cuban’s Net Worth

In the past nine years, Mark Cuban’s wealth has continued to steadily increase. Even during the COVID-19 pandemic in 2020, when the National Basketball Association (NBA) had to suspend the 2019-2020 season for several months, the former Dallas Mavericks owner still accumulated a fortune.

So, what is Mark Cuban’s net worth in 2024?

Cuban does not comment on his net worth.

Current Net Worth

Mark Cuban’s Wealth Fluctuations

Over the years since 2015, Mark Cuban’s net worth has continued to increase except in 2023.

In 2015, Mark Cuban’s wealth was estimated at just $3 billion, steadily rising to surpass $4 billion in 2019 and reaching $5.7 billion in 2024.

Dallas Mavericks Era

His decision to invest in the Dallas Mavericks, combined with a plethora of business ventures in entertainment, sports, and media, as well as his presence on Shark Tank, contributed to his financial achievements.

The Dallas Mavericks, the fledgling NBA basketball team bought by Cuban in 2000, has seen its value rise significantly over the years.

According to Statista, the Dallas Mavericks’ value was estimated at $4.5 billion in 2023, up from $304 million in 2003. The team’s value continued to increase after winning its first NBA championship in June 2011.

Shark Tank’s Investments

As a famous TV personality, Mark Cuban’s money comes from his role as a judge on ABC’s reality show Shark Tank, where participants pitch their business proposals to a panel of judges.

According to Geekforgeeks.org, Cuban receives $30,000 per Shark Tank episode, but the real value lies in the opportunity to invest in promising startup companies.

According to Sharkalytics.com, Cuban has made 85 deals worth nearly $20 million over 111 episodes since becoming a Shark Tank judge, or “Shark,” in 2011.

Mark Cuban’s investments in Shark Tank participants range from $12,500 to $2 million, spanning diverse companies, from a paddleboard maker to a ramen pot maker and an entertainment company.

Stock Market Investments

The outspoken billionaire also makes his fortune from the stock market. While Cuban rarely discloses which stocks he invests in, he revealed that he held shares in video streaming service Netflix and e-commerce giant Amazon in February and September 2019 interviews, respectively, with CNBC.

In addition to Netflix and Amazon, Cuban also holds a 10% stake in Reading International, a diversified company focused on the development, ownership, and operation of entertainment and real estate assets in the United States, Australia, and New Zealand, according to Dataroma.

Mark Cuban’s net worth in 2023 dropped to $4.6 billion from $4.7 billion in 2022 a year earlier. In that year, Cuban lost nearly $900,000 in crypto to scam. However, Dataroma showed Cuban also pocketed $820,459 from selling its shares in Reading International from September 2022 to September 2023.

In 2024, he recouped his losses after selling a majority stake in Dallas Maverick for $3.5 billion to the billionaire Adelson family in late November 2023. The transaction, which, according to Sportico, was among the highest ever for a U.S. sports team, boosted Mark Cuban’s net worth to $5.7 billion on September 1, 2024.

Current Projects & Investments

While selling the majority of his stake in the Dallas Mavericks, Cuban was expected to retain control over the team’s operation, as he still owns a 27% stake. However, several media reports suggested this was no longer the case.

After reducing his ownership in the Dallas Mavericks, Cuban focuses on philanthropy, expanding his Cost Plus Drug Company, which offers low-cost versions of high-cost generic drugs. The company also promises transparency, informing consumers about the costs to manufacture, distribute, and market their drugs plus a 15% margin.

For example, Cost Plus Drug sells a 30 count of 400mg chemotherapy drug Imatinib at $34.70, compared to the retail price of the branded Gleevec of $9,657.30.

The company strikes partnerships with various companies and communities. In 2023, Cost Plus Drug Company partnered with Amazon Pharmacy to assist non-profit health provider Blue Shield California in providing medicines for its members.

The pharmacy business is also one reason Cuban plans to exit Shark Tank after 13 years on the show. He will bid adieu after wrapping up the 16 season in 2025.

Apart from healthcare and Shark Tank, Cuban renewed interest in cryptocurrency. In June, Cuban reopened its crypto wallet “mark cuban.eth” after a hiatus for two years, the Defiant reported. He also began to sell various NFTs.

Early Ventures & Education

In many interviews, Mark Cuban attributes his success as a savvy investor and entrepreneur to his working-class upbringing.

Born in Pittsburgh in 1958, Cuban started earning money at 12 by selling trash bags door-to-door, encouraged by his father, a car upholsterer.

Throughout his early adulthood, Cuban worked various jobs, which led his parents to question if he would ever settle. However, he saw each job as an opportunity to learn.

“You don’t want to write about selling powdered milk or selling franchises for TV repair shops. In every job, I would justify it in my mind—whether I loved it or hated it—that I was getting paid to learn, and every experience would be of value when I figured out what I wanted to do when I grew up,” Cuban recalled in a blog post on April 7, 2011.

With a passion for business, Mark Cuban’s education began at Indiana University’s Kelley School of Business, where the graduated in 1980. He then moved to Dallas in 1982 because “his junker car couldn’t make it to Miami or Los Angeles.”

But Dallas is where his fortune began.

Cuban began as a bartender in a city club before landing a job as a software salesperson. This role set him on the path to becoming a tech mogul.

In 1982, Cuban founded MicroSolutions Inc., a software reseller, after being fired from his sales job for closing a deal without approval.

By the time he divested MicroSolutions, the company had sold over 500 networks from Novell, 3Com, IBM, Banyan, Apple, and Sun.

In 1995, Cuban and Todd Wagner founded Broadcast.com, an internet audio streaming company that revolutionized the streaming industry, with bigger players now, such as Netflix and Spotify. With Wagner, Cuban also founded the entertainment company 2929 Productions.

When Broadcast.com went public in 1998, its share value tripled on the first day, making it one of the best IPOs in U.S. history. The following year, Cuban sold Broadcast.com to Yahoo for $5.7 billion in stock, solidifying his billionaire status.

Rather than simply enjoying his wealth, he continued to pursue new ventures. Mark Cuban’s Maverick approach found an avenue on ABC’s famous reality show Shark Tank, which gives him the opportunity to invest in promising startups.

His competitive drive also fuels his ongoing investments, including in cryptocurrency and entertainment.

“Hey, I’m very competitive. If I lose a business deal, I get pissed, too,” said Cuban, as quoted by USA Today.

Personal Life & Real Estate

Family plays a crucial role in Mark Cuban’s life. In USA Today’s CEO profile, he lists family as one of his three main passions, alongside basketball and business.

This emphasis is reflected in his bio on the Mark Cuban Companies website, where it boldly states, “He is married and the father of 3 almost always amazing children.”

Cuban’s wife is Tiffany Stewart whom he married in September 2002 after dating for five years, according to People Magazine.? The couple has three children—two daughters and a son. Mark Cuban’s kids appear on their father’s TikTok account from time to time, whether trying out new dance moves with Cuban or participating in other family activities.

Mark Cuban’s house is exactly what one would expect a billionaire to live in.

The family resides in a 24,000-square-foot mansion—about the size of five NBA basketball courts combined—in the Preston Hollow area of Dallas, Texas.

According to Top Ten Real Estate Deals, the mansion has 10 bedrooms, 13 bathrooms, a tennis court, and a swimming pool.

In addition to his Dallas home, Cuban owns a smaller mansion of just 8,000 square feet in Laguna Beach, California, worth an estimated $19 million.

Philanthropy & Spending

Cuban has several foundations that manage his philanthropic pursuits. The main ones are the Mark Cuban Foundation and the Mavs Foundation.

The Mark Cuban Foundation aims to support causes and empower communities in Dallas and beyond.

Its flagship charity is the AI Bootcamps Initiative, which offers free artificial intelligence bootcamps to increase AI literacy among 9 to 12 graders. These bootcamps reflect Cuban’s long-time passion for technology.

Affiliated with the Dallas Mavericks professional basketball team, the Mavs Foundation is dedicated to empowering youth, women, and families.

Established in October 1996, the foundation builds play centers, basketball courts, and reading centers in North Texas.

Like his diverse businesses, Cuban also supports various charities. These include, among others:

• Retold Recycling, a mail-in textile recycling service,
• Divorced Girl Smiling, professional support for women going through divorce
• The Global Teaching Project, a learning platform for rural and underserved communities.

The Bottom Line

Over nearly a decade, Mark Cuban has managed to maintain and even grow his fortune through various business ventures. His exit from the Dallas Mavericks, the NBA basketball team he helped grow, has raised questions about his next business moves.

However, it appears that Cuban plans to focus more on charitable work, particularly with the expansion of his Cost Plus Drug initiative, which offers affordable medicine with transparent pricing.?

FAQs