How Much of Mark Cuban’s Net Worth Is Due to Luck?
When it comes to money, Mark Cuban has more than he probably ever dreamed he would. He is a self-made billionaire, enjoying life in the most luxurious ways possible that the rest of us couldn’t even begin to imagine.
It seems that everything he touches turns to gold, whether it be his investments on the hit show Shark Tank or one of the other lucrative business decisions that he makes on a daily basis. Cuban has a net worth of $3.7 billion, making him one of the wealthiest men in the country.
There are some people that feel that nothing comes without goals, determination, and plenty of hard work, and others who feel quite differently, saying that things happen by chance. So, exactly how much of Mark Cuban’s net worth is due to luck?
How did Mark Cuban get his start in the business world?
Most people won’t see even a tiny fraction of $3.7 billion in their lifetime. What is it that Mark Cuban does in order to generate such a huge fortune? Many fans know him as the owner of the Dallas Mavericks, however, that is just one of the many things that he has a hand in.
Just after graduating from college, Cuban founded his first company in the computer industry, called MicroSolutions. He didn’t hold on to it too long, selling it in 1990 to CompuServe and going on to create the audio streaming service Broadband.com. He then sold that service to Yahoo, Inc. for over $5 billion dollars, and has been moving forward with full force ever since.
Owner of the Dallas Mavericks
It was back in 2000 that the self-proclaimed lover of basketball made the extremely smart decision to purchase the Dallas Mavericks for a whopping $285 million dollars. According to Sportscasting, the team greatly improved once Cuban took over, as they were once considered one of the worst-performing teams ever.
Purchasing the team helped his wealth to reach soaring new levels since, over the years, the value has increased over 700%, reaching the jaw-dropping price of $2.25 billion and rising.
On the Shark Tank panel
Tune into the reality show, Shark Tank, and you’ll find Cuban sitting on the panel as one of the most outspoken and opinionated investors there is. Inc.com reports that the wealthy businessman is blunt when he talks to those who come on the show pitching deals, and happy to hand over a large check when he sees an idea that he feels can be a success.
His efforts have definitely paid off during his time on the Shark Tank panel, as he has made huge returns by investing his money in companies such as Gameday Couture, Tower Paddle Boards, Simple Sugars, and many more.
According to Sharklytics, Cuban has invested in 85 deals so far on the show, often partnering with other investors, and overall, earning himself quite an impressive return!
How much of Mark Cuban’s net worth is due to luck?
Is Mark Cuban just one of the lucky ones, who just happened to have an unbelievable amount of money fall into his lap? Not necessarily. Cuban wouldn’t have the net worth that he has today without taking risks, persevering, and doing plenty of hard work.
He knew what his dreams and goals were, and he stopped at nothing to accomplish them. According to CNBC.com, Cuban knows just how lucky he is, but he also knows that luck isn’t everything.
It definitely takes commitment and determination to become a billionaire, two qualities that Mark Cuban can definitely say he has.