This is Why ‘Shark Tank’s’ Mark Cuban Isn’t Running in the 2020 Election

Mark Cuban of ABC’s Shark Tank has plenty of irons in the fire with his responsibilities as a reality star, tech guru, film producer, owner of the Dallas Mavericks, and hands-on family man. Despite his overly full plate, Cuban was toying with the idea of adding politics to his list and entering the 2020 presidential election.

Yet the billionaire investor revealed he won’t be adding his name to the ballot, mainly because of this reason.

“Shark Tank’s” Mark Cuban | Katharine Lotze/Getty Images

Previous comments on entering the race

Cuban has spoken before on tossing his hat in the presidential ring. In 2017, he sounded like he was mulling over the idea. “I wouldn’t put it high on my list of probabilities, but we’ll see what happens,” he said, according to the Washington Post. “I’ve got a lot of time to decide. It’s flattering that people ask me, and I appreciate it and there’s definitely a leadership void in this country. But I’m not jumping in.”

He clearly wanted to have a plan in place before making any rash decisions. “I’m a big believer that you don’t just [run for president] to try to pretend to be a politician,” Cuban explained. “You have to have solutions, and I’m working on some projects that if I think they can turn into solutions, then yeah, I’ll do it. If I don’t think I have the right answers, then I won’t.”

The Shark Tank star seemed to wrestle with a sense of responsibility regarding the good of the country. “On one hand, it is patriotism. I do think I could do some of the right things,” he told CNBC in 2017. “I wouldn’t be a traditional politician, I am certainly not politically correct, but I think I have solutions.”

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Would put in the work

When it comes to being a hard worker, Cuban possesses that quality in spades. Whenever the Shark Tank star wants to tackle a new venture, he immerses himself in every aspect before taking it on.

“I was relentless in learning new tech as it came out. If it had anything to do with the PC or networking industry I was on top of it,” Cuban told Entrepreneur in 2012. “I bought manuals. I read every book and magazine. Then I would get involved with industry conferences and put myself out there.”

His daily schedule is literally round-the-clock, balancing his demanding career endeavors and time with his wife and three children. “My days are straight out of the movie Groundhog Day. I wake up, check my email, news feeds and eat. I kiss my wife and kids, and get them to school,” Cuban revealed. “I come home and get back in front of my computer. I’ll go workout. I’ll play with the kids when they come home. I’ll sit in front of my computer some more. If there is a Mavs game I check my email at breaks and go to my computer at halftime. After the game, I do the same thing until I go to bed.”

Married to Tiffany Stewart since 2002, Cuban let his wife know early on of his incessantly strong work ethic. “I always know I’m not going to be No. 1,” Stewart once told The New York Times, referencing Cuban’s habit of staying up late to work on the computer. “He can’t turn it off. He just can’t!”

Lost the vote

Though Cuban was seriously considering a run, he lost the option when it was brought up for a family election. “My family voted it down,” he revealed in September, according to CNBC. “If I was single, I would do it. For sure.”

His concern of the political climate and how it would impact his family was a big factor in his decision. “[Politics is] so tribal right now and it’s so mean in so many respects, why would somebody want to put their family through that?” Cuban said.

Maybe the Mavericks owner should have realized the idea wouldn’t fly when he initially brought up entering the race to his wife. “She asked me if I want to stay married,” Cuban said of Tiffany’s response in 2017.

While the Shark Tank star says he will not be a part of the 2020 presidential race, he seems to be keeping a foot in the door in the hopes that his family may reconsider. He mentioned a loophole to Neil Cavuto on Fox Business Network saying,”If you can change their mind I’m all in.”

Watch ABC’s Shark Tank on Sunday nights!