Read on Twitter
Mark Cuban is one of the wealthiest and most influential figures in the sports industry.
The interesting thing?
His ROI to date from buying the Dallas Mavericks has been over 742%!
How did he make it?
Here's the story
(Thread)
The interesting thing?
His ROI to date from buying the Dallas Mavericks has been over 742%!
How did he make it?
Here's the story
(Thread)
· You may be familiar with Mark because of his appearances on TV shows such as Shark Tank and Dancing with The Stars
However, Mark made his first millions in the early 90s;
How?
· He built technology companies, long before you and I even used the word ‘tech’ in our vocabulary
However, Mark made his first millions in the early 90s;
How?
· He built technology companies, long before you and I even used the word ‘tech’ in our vocabulary
· His wealth creation kickoff venture was http://Broadcast.com — a video portal network acquired by Yahoo for 5.7 billion USD in 1999... Mark was only 41!
· Before the dot-com bubble, Cuban made brilliant investment decisions to protect and strengthen his wealth
· Before the dot-com bubble, Cuban made brilliant investment decisions to protect and strengthen his wealth
· His role in the sports industry began in January 2000, when he paid 285 million USD for a majority stake in the Dallas Mavs ( @dallasmavs)
"The key to success, in sports or business, is to be always learning and thinking how to apply those lessons to do better in the future."
"The key to success, in sports or business, is to be always learning and thinking how to apply those lessons to do better in the future."
Mark invests in over eight sports and sports-technology companies and start-ups, including @catapultsports and @HomeCourtai.
Check out this fantastic short clip of Mark relating how the sports business differs from any other type of business:
Check out this fantastic short clip of Mark relating how the sports business differs from any other type of business:
Mark Cuban makes money from dozens of different sources.
From his investments, he earns money in two ways;
· His shares on the profits
· The appreciation of his assets' value.
From his investments, he earns money in two ways;
· His shares on the profits
· The appreciation of his assets' value.
The Mavs can make profits of up to 21 million USD per year.
Since he's the sole owner, the full amount gets Venmoed instantly to his pocket.
Oh, remember he paid 285 million USD for the team in 2000?
Today, the Mavs are worth over 2.4 billion.
That's an ROI of over 742%!
Since he's the sole owner, the full amount gets Venmoed instantly to his pocket.
Oh, remember he paid 285 million USD for the team in 2000?
Today, the Mavs are worth over 2.4 billion.
That's an ROI of over 742%!
Due to his exposure to multiple companies in the Shark Tank — Mark has invested in over 80 companies in sectors such as:
· Healthcare
· AI
· Apparel
· Consumer & food
· Sports
· And more.
Check all his investments out here https://markcubancompanies.com/
· Healthcare
· AI
· Apparel
· Consumer & food
· Sports
· And more.
Check all his investments out here
https://markcubancompanies.com/
During the COVID pandemic, Mark:
- Paid all the Mavs employees;
- Participated in charitable acts;
- Donated millions for healthcare workers, first responders, nonprofits, and other organizations helping combat the spread of the virus.
- Paid all the Mavs employees;
- Participated in charitable acts;
- Donated millions for healthcare workers, first responders, nonprofits, and other organizations helping combat the spread of the virus.
Mark is one of the wealthiest people in America. He’s estimated to be worth about $4.2 billion.
Besides learning about Mark Cuban’s business model, I believe Mark is a leader and an example to society, and there’s so much to learn from him.
Besides learning about Mark Cuban’s business model, I believe Mark is a leader and an example to society, and there’s so much to learn from him.
If you enjoyed this thread, please consider:
1. Retweeting, sharing, and liking the thread
https://twitter.com/Ronenain/status/1355250749677027329
2. Signing up for the newsletter, where you'll learn from a compelling story around sports, business, and technology every Friday
https://sportstechbiz.substack.com
1. Retweeting, sharing, and liking the thread
https://twitter.com/Ronenain/status/1355250749677027329
2. Signing up for the newsletter, where you'll learn from a compelling story around sports, business, and technology every Friday
https://sportstechbiz.substack.com
