Short Biography: Mark Cuban

Mark Cuban

Mark Cuban was born in Pittsburgh, Pennsylvania. His father, Norton Cuban, was an automobile upholsterer and Mark’s mother, Shirley, as someone with "a different job or different career goal every other week." He grew up in a Jewish family. His paternal grandfather changed the family name from "Chabenisky" to "Cuban" after his family emigrated from Russia. His maternal grandparents, who were also Jewish, were from Romania. Cuban's first step into the business world was at the age of 12, when he sold garbage bags so he could pay for a pair of basketball shoes. Rather than going to high school for his last year in school, he enrolled as a student at the University of Pittsburgh. While attending the University of
Pittsburgh, he held a variety of jobs including a bartender, disco dancing instructor, and a party promoter. After a 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 Business Administration. With an estimated worth of $3 billion dollars, and a proud owner of the Dallas Mavericks NBA team,
Mark Cuban was born an entrepreneur ,who has been buying and selling his way to success, from a young age. While Mark Cuban was done his undergraduate studies in Business Administration at Indiana University in Bloomington, Indiana, he started his first business after he'd left his University was MicroSolution, a computer company, which he sold to CompuServe several years later in 1990 for $6 million dollars. With the $6 million dollars, Mark got from selling MicroSolution, he went on to retire and he bought a lifetime pass to America Airlines. In year 2000, Mark bought the Dallas Mavericks basketball team for $280,000 dollars and because the majority owner of the team, but he couldn't have become the majority owner if he didn't invest in the broadcast.com, which he was making $63.75, but when it was later acquired by Yahoo! he took $1.7 million dollars
In that stock. After Mark sold broadcast.com he spread out his money to avoid exposure to a market crash. Mark would later become one of the people on Forbes’ list of one of the “World's Richest People” with $2.6 billion as his net worth and his rank was No. 211 in 2011. The Guinness Book of Records makes Mark the “Largest single e-commerce transaction”. In the 20 years before Cuban bought the team, the Mavericks lost 60% of their games, and a playoff record of 21–32. In the 10 years following, the team lost 31% of their regular season games. The record of the Mavericks' playoff with Mark is 49 wins and 57 losses, including their first trip to the NBA Finals in 2006. In 2011, the Mavericks defeated the Heat to win the NBA Finals. Most NBA team owners play the game more passive roles and coach from the sidelines, but Mark sits alongside fans while wearing a team jerseys. Mark would travel to the basketball game by traveling in his private airplane, a Gulfstream V, to attend away games. In May 2010, H. Ross Perot, Jr., who has ownership of 5% of the team, filed a lawsuit against Mark because he had claimed the franchise were unable to pay up their debt they owed because he knew that something dangerous would happen if they didn't pay the debt. In June 2010, Cuban responded to the filing of the court was wrong from Perot were wrongly accused and he filed those accusation so he could offset some $100 million in losses on the Victory Park real estate development.The case was closed in 2011 due to the fact that part to Mark asserting proper management of the team due to its recent victory in the 2011 NBA Finals. In 2014, the 5th Circuit Court affirmed that decision on appeal. Following his initial defeat, Perot attempted to shut out Mavericks fans from use of the parking lots he controlled near the American Airlines Center. Mark firm purchase Landmark Theaters, which were a chain of 58 arthouse movies theatres. The was responsible for the TV show Star Search which was updated and broadcasted on CBS. He was featured of premier issue in 2003 and he was a co-founder of AXS TV , which was the first HD satellite television network. In 2003 he founded the Fallen Patriot Fund to help family that had relatives in the military that have been killed or injured in the war. Mark was on the show “The Benefactor”, where Mark gathers together 16 people who know they're competing for a $1 million prize, but the catch is they don't know the rules of the game, because Mark is making them up as he goes. “Dancing with the Stars”, where a panel of ballroom experts, like Len Goodman, Bruno Tonioli, Carrie Ann Inaba and Julianne Hough who judge based on their expert opinions, but the people at home have to choose who stays or who moves on and “Shark Tank”, where they present their ideas to five titans of industry of the contestant dream of selling their idea into a reality and turned their ideas into profitable empires.
The contestants try to convince any one of the sharks to invest money in their idea. When more than one of the sharks decide they want a piece of the action, a bidding war can erupt, driving up the price of the investment, which he would later on get two time primetime emmys awards for outstanding structured reality program for the show “ Shark Tank” Mark is an admirer of author and Ayn Rand. About Rand's novel The Fountainhead, he said the novel was incredibly motivating to him and encouraged him to think as an individual and to take risks and to reach his goals, and responsibility for his successes and failures. His political views have leaned toward libertarianism.While leaning towards libertarianism, Mark posted an entry on his blog saying that paying more taxes to be the most patriotic thing someone can
do. On December 19, 2012, Cuban donated $250,000 to the Electronic Frontier Foundation to support its work on patent reform.
Part of his donation funded a new title for EFF's staff attorney Julie Samuels Mark formally endorsed Hillary Clinton for President at a July 2016 rally in Pittsburgh, Pennsylvania. On February 9, 2009, Cuban announced the "Mark Cuban Stimulus Plan".His plan involves individuals posting ideas that fit certain standards in the hopes that either Mark will fund them, or other individuals will take up the ideas. In September 2015, Mark stated in an interview that running for president would have a fun idea , if he were ran in the 2016 U.S. presidential election, he said he could beat bother the Democratic and Republican nominees. Many media outlets thought that because he said it would have been fun to run for president that this indicated that Mark was considering running, but he had said that he had no intention of running for president. In October 2015, Cuban posted on Twitter that he could run for speaker of the house of representatives, but there was no clear front-runner to replace the outgoing John Boehner; the Speaker of the House does not have to be a member of
Congress. Mark told Meet the Press in May 2016 that he would be open to being Hillary Clinton's vice presidential candidate, though he would seek to alter some of her positions in order to do so.In the same interview, He had also said that he would consider running as Donald Trump's running mate after having a meeting with Trump, whom he called a friend, about understanding the issues, Trump's positions on them, and coming up with solutions to make American great again. He had also described Trump as "that friend that you just shake your head at. He's that guy who’d get drunk and fall over all the time, or just says dumb stuff all the time, but he's your friend." On July 21, 2016, Cuban appeared on a live segment on The Late Show with Stephen Colbert entitled "Gloves Off: Mark Cuban Edition" in which he mocked Trump, including referencing the Trump companies’ multiple bankruptcies and the failed Trump University program, and questioning the size of Trump's actual net worth. In a September 10, 2016, interview with NPR's Scott Simon,Mark has effectively positioned himself to support Democratic nominee Hillary Clinton. He posits that the best strategy to beat Republican nominee Donald Trump is to attack his insecurities, especially that of Trump's intellect. He also says that Trump is the least qualified to be president and is not informed about policies. On September 27, 2016, during a post Presidential Debate interview, Mark criticized Trumps characterization that paying the minimum require taxes 'is smart' and criticized Trump for not paying back into the system that allowed him to make so much money in the first place.