Who Is Mark Cuban? A Short Biography

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Who Is He?

Mark Cuban is a famous entrepreneur, businessman, investor and writer. He is also popular figure in the world of sports and has quickly become a household name. His daring style and outspoken nature are ever present on the basketball court and in media circles. He is a lively character with a storied past. To understand Mark Cuban’s success, one should look at the history of Mark Cuban. Understanding where he came from, then, you can better understand how he got where he is today. Cuban’s net worth in 2013 is around $2,4 billion, making him one of the wealthiest and most influential people in US. This discussion focuses on the business beginnings of Mark Cuban and the foundation for which the mega-millionaire began.



Where Did He Begin?

Mark Cuban did not begin his career as a mogul. He had to pay his dues and work his way up in society. He started his first business venture when he was only 12. At that time he really wanted to buy a pair of expensive basketball shoes, but he didn’t have the money for them. So he decided to earn it by selling garbage bags. Then he realized that good sellers don’t stay hungry. He managed to pay for his college education by selling stamps. 🙂 In 1982, Mark took one of his first jobs as a bartender in Dallas. After working at the bar, he made some vital connections that allowed him to move into a better position as a software salesman for a PC company. The future multi-mogul was utilizing his interpersonal skills and charismatic skills not on the basketball court, but in the board room where he became a successful worker. So successful in fact, that he then used the knowledge he had gained and started his own software company – MicroSolutions. Using clients from his previous job, his new company became a great success and provided him with financial independence.

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Caching In

By kk+ (Flickr) (http://flickr.com/photos/kk/50083704/) CC-BY-2.0 (www.creativecommons.org/licenses/by/2.0) via Wikimedia Commons

Following this company venture, Cuban sold his business and then began another. After building up this company as well, he once again let go of it for a large profit. Now a millionaire, the mogul felt it important to diversify his financial investments. For this reason, he began picking up and purchasing several different companies. He became a partner in many different businesses like software platforms developers and social media endeavors. He was not happy being the head of one company but wanted to have his hand in every lucrative venture he could find, in order to assure that he would not collapse during a market crash. His smart business logic has paid off and he continues to remain a diversified investor today.

Basketball

One of Mark Cuban’s most popular endeavors is in the world of basketball. In 2000, just eighteen years after, he purchased a majority stake in a basketball team known as the Dallas Mavericks. This purchase was made for nearly 300 million dollars and made his business ventures become about the media as well. He was an investor in a large and popular franchise and the world of sports loved his dynamic personality.



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