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Mark Cuban

(1958 - )


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Mark Cuban is a Jewish-American entrepreneur, owner of the Dallas Mavericks NBA team and Chairman of HDNet, an HDTV cable network.

Cuban (July 31, 1958) was born in Pittsburgh, Pensylvania, and grew up in the affluent suburb of Mount Lebanon in a Jewish, working-class family. His last name, Cuban, had been shortened from Chaberinsky when his Russian grandparents immigrated to the United States.

Cuban's first step into the business world occurred at age 12, when he sold garbage bags in order to pay for a pair of expensive basketball shoes. While in school, he held a variety of jobs, including bartending, disco dancing instructor, and party promotion. He earned his way to college by collecting and selling stamps, and once gained about $1,100 from starting a chain letter.

After attending Indiana University and earning a B.A. in Business, Cuban started MicroSolutions, initially a system integrator and software reseller. One of the company's largest clients was Perot Systems. In 1990, Cuban sold MicroSolutions to Compuserve, then a subsidiary of H&R Block, for $6 million. He netted approximately $2 million after taxes on the deal.

In 1995, Cuban and fellow Indiana University alum Todd Wagner started Broadcast.com, combining their mutual interest in college basketball and webcasting. Broadcast.com was acquired by Yahoo! and Cuban received $5.9 billion in stock from the sale.

Cuban purchased the Dallas Maverick NBA franchise in January 2000 and over the years successfully transformed the team from perennial losers into one of the leagues most dominating teams, reaching the NBA finals in 2006 and winning a title in 2011. His ownership style is both energetic and controversial, and he has been fined by the NBA on numerous occasions, mostly for critical statements about the league and referees.

Cuban began appearing as a regular investor on the hit TV series "Shark Tank" in 2010 and has continued with the show through its next three seasons. In 2011 Cuban wrote an e-book, How to Win at the Sport of Business, in which he chronicles his life experiences in business and sports.


Sources: Wikipedia, NBA.com

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