MARC CUBAN – Net Worth $ 4 billion – Yacht – Private Jet – House

MARC CUBAN

Jim Moran

Name:Marc Cuban
Born:July 18, 1958
Net Worth:$ 4 billion
Source of Wealth:Broadcast.com • Dallas Mavericks
Country:USA
Wife:Tiffany Stewart
Children:Alexis Sofia Cuban, Alyssa Cuban, Jake Cuban
Residence:Dallas, Texas, USA
Private Jet:Gulfstream G550  (N718MC), Bombardier Global 6000 (N921MT), Boeing 757 (N801DM), Boeing 767 (N767MW)
Yacht:Fountainhead

Who is MARC CUBAN?

He was born in July 1958. He is married to Tiffany Stewart. They have 2 daughters (Alexis Sofia and Alyssa) and a son (Jake). Cuban is known for owning the Dallas Mavericks, but he became rich in the IT industry. He is chairman of AXS TV and owns 2929 Entertainment.

Source of Wealth

Cuban started his career as a bartender and later selling software. He soon started his own software company, named MicroSolutions. In a few years, he sold the company for US$ 6 million.

Later he co-founded an Internet broadcast service named Adionet, publishing sports games audio tracks live on the Internet. Cuban invested $10,000 in exchange for 2% of the company. This company became Broadcast.com and was sold in 1999 to Yahoo for US$ 5.7 billion. He owned 25.6% of the company at that moment.

Cuban’s share in the sale was around US$ 1.4 billion. He was paid in Yahoo shares, but Cuban sold them quickly netting US 1 billion dollars in cash.

He started investing in IT startups through his company Radical Computing, Inc.

His daughter Alyssa Cuban is the founder of Alyssa’s Bakery.

Dallas Mavericks

With the cash from the Broadcast.com sale, Cuban bought the Dallas Mavericks for US$285 million from H. Ross Perot, Jr. The Dallas Mavericks (the MAVS) are an American professional basketball team based in Dallas. The team competes in the National Basketball Association (NBA).

The team is valued by Forbes at US$ 2.3 billion.

Shark Tank

He is one of the main investors on the ABC reality television show Shark Tank. In the series, entrepreneurs are making business presentations to a panel of five investors or “sharks,” who decide whether to invest in their company. Cuban’s top deals are Ten Thirty-One Productions, Rugged Maniac Obstacle Race, and BeatBox Beverages. He invested more than US$ 1 million in each company. He is actually one of the richest investors in the show.

Marc Cuban Net Worth

His net worth is now estimated at US$ 4 billion.

Marc Cuban Family: Marc, Tiffany Alexis, Alysa, Jake

Mark Cuban, Tiffany Stewart, Alyssa Cuban, Alexis Sofia Cuban, Jake Cuban

Marc Cuban Yacht

Mark Cuban does not own a yacht, but the yacht Fountainhead is often referred to has Cuban’s yacht. Fountainhead is actually owned by Eddie Lampert.

The yacht was built at Feadship in 2011.

Specifications

The superyacht can accommodate 14 guests and has a crew of 20. She is powered by 2 MTU engines, which bring her a top speed of 20 knots.

Value

We estimate her value at US$ 130 million, and her operation costs at US$ 10 million per year.

Eddie Lampert

Her actual owner is Eddie Lampert, the founder and sole owner of the hedge fund ESL Investments. Well-known investments of Lampert are Sears Holding and Autonation (the largest U.S. retailer of new cars, trucks & SUV). He also owns Land’s End.