It is the tip of an period for Mark Cuban and ABC’s hit funding present, Shark Tank.
Cuban stated he plans to go away his function as one of many present’s movie star judges/traders in 2025 after practically 15 years. Cuban broke the information on an All of the Smoke podcast episode final week whereas speaking to former NBA gamers Matt Barnes and Stephen Jackson.
Associated: Mark Cuban’s web value: ‘Shark Tank’ investments, the Dallas Mavericks, and extra
Cuban says he’ll use the additional free time to give attention to his household as his teenage kids develop up.
“I simply wish to have a pair summers with my teenagers earlier than they go off on their very own,” Cuban informed The Hollywood Reporter. “Nothing to do with the present. I find it irresistible. I really like being on it. I really like what [it] represents and the way it motivates entrepreneurs all over the world.”
As an entrepreneur, Cuban has based greater than 10 corporations since 1983. He made his first billions after promoting Broadcast.com, an web sports activities radio firm, to Yahoo for $5.7 billion in 1999, a couple of years earlier than shuttering the enterprise.
Cuban’s payout from the deal was $1.1 billion, in line with Forbes. After buying the NBA’s Dallas Maverick’s franchise for $280 million, his web value doubled. Cuban is now value about $4.5 billion.
As a tv persona, as of 2022 Cuban stated he has invested $29 million in at the very least 85 corporations which have appeared on Shark Tank.
Brightwell, an app designed to show preschoolers, has been his largest winner. His estimated $600,000 funding within the firm netted him a 2% stake that’s now value about $12 million.
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