Mark Cuban

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Mark Cuban
Mark Cuban 2008 (cropped).jpg
Cuban in 2008
Born (1958-07-31) July 31, 1958 (age 65)
Pittsburgh, Pennsylvania, U.S.
ResidenceDallas, Texas, U.S.
NationalityAmerican
CitizenshipUnited States
Alma materUniversity of Pittsburgh
Kelley School of Business (Indiana University Bloomington)
OccupationOwner of Dallas Mavericks
Co-owner of 2929 Entertainment
Co-owner of Brondell
Chairman of AXS TV
Television personality
Entrepreneur
Net worthUS$3.7 billion (August 2018)[1]
Political partyIndependent[2]
Spouse(s)
Tiffany Stewart (m. 2002)
Children3

Mark Cuban (born July 31, 1958)[3] is an American businessman and investor. He is the owner of the National Basketball Association (NBA)'s Dallas Mavericks,[4] co-owner of 2929 Entertainment and chairman of AXS TV.[5] He is also one of the main "shark" investors on the ABC reality television series, Shark Tank. In 2011, Cuban wrote an e-book, How to Win at the Sport of Business, in which he chronicles his experiences in business and sports.[6]

Early life

Cuban was born in Pittsburgh, Pennsylvania.[7][8] His father, Norton Cuban, was an automobile upholsterer,[9][10][11] while Cuban has described his mother, Shirley, as someone with "a different job or different career goal every other week."[12] He grew up in the suburb of Mount Lebanon, in a Jewish[13] working-class family. His paternal grandfather changed the family name from "Chabenisky" to "Cuban" after his family emigrated from Russia through Ellis Island.[14][15] His maternal grandparents, who were also Jewish, came from Romania.[16] Cuban's first step into the business world occurred at age 12, when he sold garbage bags to pay for a pair of expensive basketball shoes.[7][17] At age 16, Cuban took advantage of a Pittsburgh Post-Gazette strike by running newspapers from Cleveland to Pittsburgh.[18][19]

Instead of attending high school for his senior year, he enrolled as a full-time student at the University of Pittsburgh, where he joined the Pi Lambda Phi International fraternity. While attending the University of Pittsburgh, he held a variety of jobs, including a bartender, disco dancing instructor, and a party promoter. He is a "beloved" fan of Pittsburgh's NFL team, the Pittsburgh Steelers.[20] After one year at the University of Pittsburgh, he transferred to Indiana University in Bloomington, Indiana, and graduated from the Kelley School of Business in 1981 with a Bachelor of Science degree in Management.[21][22][23] He chose Indiana's Kelley School of Business without even visiting the campus because "it had the least expensive tuition of all the business schools on the top 10 list". During college he had various business ventures, including a bar, disco lessons, and a chain letter.[7][24]

Business career

In 1982, Cuban moved to Dallas, Texas, where he first found work as a bartender,[25][26] and then as a salesperson for Your Business Software, one of the earliest PC software retailers in Dallas. He was fired less than a year later, after meeting with a client to procure new business instead of opening the store.[27]

Cuban started his own company, MicroSolutions, with support from his previous customers from Your Business Software. MicroSolutions was initially a system integrator and software reseller. The company was an early proponent of technologies such as Carbon Copy, Lotus Notes, and CompuServe.[28] One of the company's largest clients was Perot Systems.[29]

In 1990, Cuban sold MicroSolutions to CompuServe—then a subsidiary of H&R Block—for $6 million.[22] He made approximately $2 million after taxes on the deal.[30]
  1. ↑ "Mark Cuban". Forbes. Retrieved January 9, 2018.
  2. ↑ Chimielewski, Dawn (June 9, 2016). "Mark Cuban says he'd consider being vice president — for Trump or Clinton". Recode. Retrieved October 22, 2016.
  3. ↑ Altman, Alex; Pickert, Kate; Stephey, M.J. (November 18, 2008). "Dallas Mavericks Owner Mark Cuban". Time. Retrieved May 12, 2010.
  4. ↑ "Mark Cuban Biography". NBA Media Ventures, LLC. January 14, 2000. Archived from the original on December 10, 2001. Retrieved January 9, 2018.
  5. ↑ "Time Warner Cable adds HDNet and HDNet Movie to high-def lineup". December 16, 2003. Archived from the original on January 2, 2009. Retrieved September 22, 2015.
  6. ↑ Schawbel, Dan (November 20, 2011). "How to Win at the Sport of Business by Mark Cuban". Forbes. New York City: Forbes Media. Retrieved December 29, 2015.
  7. ↑ 7.0 7.1 7.2 Biertempfel, Rob (October 22, 2006). "Cuban hoping to work his magic here someday". Pittsburgh Tribune-Review. Pittsburgh, Pennsylvania: Tribune-Review Publishing Company. Retrieved March 20, 2018.
  8. ↑ Leonard, Devin (October 4, 2007). "Mark Cuban: Web 1.0's Richie Rich needs some respect". CNN. Retrieved June 29, 2012.
  9. ↑ D'Angelo, Tom (June 8, 2006). "Cuban a unique NBA owner". The Palm Beach Post. Palm Beach, Florida: Palm Beach Newspapers. Retrieved March 20, 2018.
  10. ↑ Strubel, John (April 22, 2004). "Mark Cuban: Pittsburgh's Dream Owner". TheBaseballReport.com. Retrieved March 20, 2018.
  11. ↑ Parks, Scott K. (October 2010). "Mark Cuban's brother Brian is sober voice in favor of medical marijuana". The Dallas Morning News. Dallas, Texas: A. H. Belo Corporation. Retrieved August 12, 2015.
  12. ↑ "Q&A Interview". C-SPAN. March 26, 2006. Retrieved September 22, 2015.
  13. ↑ "Reporting From ... Mark Cuban'S Business Lecture". ESPN. September 19, 2008. Retrieved February 20, 2016.
  14. ↑ Template:Cite news first=Catherine
  15. ↑ "Mark Cuban: Brains and Effort Are Needed for Business, But Don't Be a Jerk". Jewish Business News. September 7, 2014. Retrieved February 20, 2016.
  16. ↑ "I Will Never Forget Frida and Menashe Sterenberg". BrianCuban.com. Archived from the original on November 1, 2014. Retrieved March 21, 2014.
  17. ↑ Garcia, Chris (May 22, 2006). "The Maverick". Austin360.com. Austin, Texas: Cox Media Group. Retrieved June 29, 2012.
  18. ↑ Cassell, Warren Jr. (August 26, 2016). "How Mark Cuban Became a Billionaire". Austin, Texas: Capitalism.com. Retrieved April 19, 2017.
  19. ↑ "Beyond The Glory". May 10, 2007. Retrieved September 22, 2015.
  20. ↑ "Interested in who Mark Cuban will be rooting for at the Super Bowl? Look at his steel roots". SportsDay. New York City: SportsDay Publishing LLC. January 25, 2011. Retrieved July 20, 2017.
  21. ↑ "Alumni Awards: Mark Cuban (BS '81)". Indiana University Kelley School of Business Alumni Awards. Indiana University Kelley School of Business. Mr. Cuban received a BS in management from Indiana University in 1981.
  22. ↑ 22.0 22.1 Swartz, Jon (April 26, 2004). "Losing's not an option for Cuban". USA Today. Tysons Corner, Virginia: Gannett Company. College: Indiana University, a B.S. in management.
  23. ↑ "IU Athletics receives $5M gift to establish the Mark Cuban Center for Sports Media and Technology". Indiana University Bloomington Newsroom. Bloomington, Indiana: Indiana University. June 5, 2015. Originally from Pittsburgh, Cuban earned a Bachelor of Science in management and administration from the Kelley School of Business in 1981.
  24. ↑ "The Cuban Report". Kelley School of Business. Archived from the original on September 28, 2012. Retrieved April 18, 2012.
  25. ↑ Cuban, Mark (April 23, 2004). "Success and Motivation, Part 1". Blog Maverick. Retrieved August 12, 2015.
  26. ↑ Cuban, Mark (May 30, 2005). "Success and Motivation – You only have to be right once!". Blog Maverick. Retrieved August 12, 2015.
  27. ↑ Cuban, Mark (April 25, 2004). "Success and Motivation, Part 2". Blog Maverick. Retrieved June 29, 2012.
  28. ↑ "Technology News For Solution Providers And The IT Channel | CRN". Varbusiness.com. Retrieved February 20, 2016.
  29. ↑ Cuban, Mark (December 14, 2004). "A little bit of history....Lotus Notes". Retrieved September 22, 2015.
  30. ↑ "A 'must read' by Maverick owner Mark Cuban". Archived from the original on May 5, 2007. Retrieved January 26, 2007.
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