Major Shark (Shark Tanks) and billionaire venture capitalist Mark Cuban announces plans to rattle his drugs company, Mark Cuban Cost Plus Drug Co. 350 prescription drugs at cost, and an additional 15 percent margin is offered by the company.
His plan included his company signing a partnership with a major pharmaceutical company.
Mark Cuban: Bio
Mark Cuban the 64 years old billionaire entrepreneur from America, is also a known media proprietor and television personality. Cuban is the owner of Dallas Mavericks, a professional basketball team competing in the NBA (National Basketball Association).
He is also the co-owner of 2929 Entertainment, the co-owner of Brondell, and the owner of Mustang town, Texas.
Mark Cuban is married to Tiffany Stewart since 2002 September. The couple has three children, two daughters aged 20 and 17, and a son aged 14. They are settled in Dallas, Texas.
Mark Cuban: Background And Early Life
Mark Cuban was born in 1958 in Pittsburgh, Pennsylvania, U.S. He was born as the son of Norton Cuban, his father, and Shirley, his mother. His father was an automobile upholsterer. He is of Jewish descent.
He had a business mind from an early age itself. He, at the age of 12, sold garbage bags to pay for a pair of expensive basketball shoes. In his early years, he made money from selling coins and stamps and took advantage of a newspaper strike in his area by running newspapers to Pittsburgh from Cleveland.
Mark Cuban: Education
Mark Cuban did not attend the last year, the senior year of high school. Instead of it he enrolled himself as a full-time student at the University of Pittsburgh. Post one year he transferred to Indiana University in Bloomington, Indiana.
In 1981 he graduated from Indiana University, from the Kelley School of Business of the university with a bachelor of science degree in management.
Mark Cuban: Career
Mark Cuban’s first proper job after graduation was at Mellon bank, Pittsburgh. One year later in 1982, he moved to Dallas, Texas. He took a variety of jobs including that of a bartender at a bar Elan, at Greenville Avenue, and of a salesperson in a PC software retailer in Dallas, the Your Business Software.
From his experience at Your Business Software, he started MicroSolutions, his own company. The company in its initial phase of functioning had the roles of system integrator and software reseller. Perot Systems, an information technology services provider was one of the largest clients of MicroSolutions.
Later in 1990, Mark Cuban sold his company to CompuServe, a major American service provider. The company had around 30 million US Dollars in revenue. Cuban had signed the deal for 6 million US Dollars and made around 2 million US Dollars post paying the taxes, on the deal.
In 1995 he joined Audionet, an internet radio company. He joined the company along with Todd Wagner, an American entrepreneur, who was also a former student at Indiana University.
In 1998, Audionet was rebranded and renamed as Broadcast.com, which was designed by Mark Cuban and Todd Wagner. The next year, in 1999, the company was sold to Yahoo! For 5.7 million US Dollars in the stock of Yahoo!
Mark Cuban has invested his interest and millions in various ventures and startups in the field of social software and the industry of distributed networking as well as assisted them.
Mark Cuban was the owner of IceRocket, an internet search engine that specialized in real-time search, a partner in RedSwoosh, a peer to peer file sharing company, and an investor in Weblogs, Inc, a blog network that published content on a wide spectrum of topics.
Cuban is the owner of Magnolia Pictures, an American film distributor. Earlier in 2022, in the month of January, he launched a public benefit corporation drugs company by the name of Mark Cuban Cost Plus Drug Company commonly known as Cost Plus Drug.
Mark Cuban And Shark Tank
Shark Tank is an American reality television series in which a panel of investors makes decisions on whether they should invest or not in the company or product ventures of new entrepreneurs.
The panel of investors is known by the name sharks. Mark Cuban has been a shark since the second season of the series, which premiered in the year 2011.
Mark Cuban: Cryptocurrency
Cuban is a noted investor in Dogecoin (DOGE), a cryptocurrency. He was noticed in news in 2021 for accepting cryptocurrency as a method of payment for the merchandise and tickets of the Dallas Mavericks.
Mark Cuban’s Sports Interests And Businesses
Mark Cuban bought a majority of the stake in the professional American basketball team Dallas Mavericks of the NBA, in 2000 January.
He has also expressed his interest in owning a franchise in Major League Basketball.
Mark Cuban In Politics
He is an independent voter and is not affiliated with any political party. About the 2016 presidential election, he had stated that if he run for the position he would be able to beat both Trump and Clinton.
Mark Cuban As A Philanthropist
Fallen Patriot was launched by Mark Cuban in 2003. The Fallen Patriot fund is used to financially assist the families of the deceased soldiers of the U.S. army who lost their lives in the 2011 Iraq war. It also offers assistance to the families of soldiers who were injured and got bedridden in the same war.
His other philanthropic activities include a 5 million US Dollars donation to the Indiana University at Bloomington for a sports media and technology center, COVID-19 offers for small business owners, assistance for the treatment of Delonte West, a former NBA player at a drug rehabilitation center, and many more.
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Mark Cuban: Controversies
In 2016 a sexual assault complaint was filed against him by a female patron of Barrel Room an Oregon bar in Portland. Cuban had denied the allegations.
Mark Cuban: Net Worth
As of the latest data of 2023, Mark Cuban has an estimated net worth of approximately 460 crores US Dollars. He owns a 24,000-square-foot mansion in the Preston Hollow area of Dallas, Texas.
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