Mark Cuban’s Net Worth Allows Him to Get Fined as Much as He Wants (2024)

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Mark Cuban’s Net Worth Allows Him to Get Fined as Much as He Wants (1)

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John Moriello

Mark Cuban’s Net Worth Allows Him to Get Fined as Much as He Wants (2)

John Moriello Sports Editor

John Moriello started covering sports in 1982, began digital publishing in 1995, and joined Sportscasting in 2020. A graduate of St. John Fisher University, he finds inspiration in the underdogs and the fascinating stories sports can tell (both the thrill of victory and the agony of defeat). John expertly covers all aspects of NASCAR.Beginning with his 2014 coverage at Fox Sports of the aftermath of the dirt-race tragedy in which Kevin Ward Jr. died after being struck by a car driven by NASCAR Hall of Famer Tony Stewart, John has excelled as a journalist who specializes in the motorsports world. He previously spent more than three decades covering high school sports and worked as a beat writer covering Big East football and basketball, but NASCAR is now where the true expertise falls.John is a member of the New York State Basketball Hall of Fame (2013), the President of the New York State Sportswriters Association, and a two-time Best of Gannett winner for print and online collaborations whose work has appeared on FoxSports.com and MaxPreps.com.

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Updated06 Mar 2020

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Mark Cuban’s Net Worth Allows Him to Get Fined as Much as He Wants (3)

For aleague in which the average franchise value is $2.12 billion according to arecent report by Forbes, the people running the NBA may not have the best graspof high finance if the latest disciplinary action against an owner is anyindication.

The alternative take is that the NBA just let Dallas Mavericks owner Mark Cuban off with a slap on the wristband because his latest Twitter rant may have been over the top but possibly justified.

Mark Cuban has been fined by the NBA again

https://twitter.com/mcuban/status/1231418620133171200

The NBA announced Friday that the Dallas Mavericks’ protest over what transpired late in a Feb. 22 loss to the Atlanta Hawks has been rejected and that owner Mark Cuban has been fined $500,000 for going on Twitter to criticize the officiating.

The short story on the play in question: Atlanta guard Trae Young drove for a layup and Mavericks forward Dorian Finney-Smith was called for goaltending. Seemingly innocuously, the Hawks’ John Collins gathered up the deflection and made the put-back. The situation became controversial when a replay review determined that there was no goaltending but that Collins’ basket should count despite a referee’s whistle beforehand.

Cubanwent on Twitter and excoriated the officials for the way the call was handled, leadingto the fine. That brings the total for the fines that have been announcedagainst Cuban since purchasing the franchise in 2000 to at least $2.9 million.The sum includes $600,000 in 2018 for openly suggesting that the Mavericks tankthe season to move up in the NBA draft.

How can Mark Cuban’s fines be put into perspective?

It’s not news that Mark Cuban is rich. One estimate last year pegged his net worth at $3.9 billion after a series of savvy business decisions including buying internet radio company Audionet and growing it into a massive streaming service that was rebranded as Broadcast.com and sold to Yahoo for $5.7 billion.

In that context, the latest fine levied by the NBA qualifies asalmost meaningless to Cuban. The half-million dollars is equivalent to a fineof approximately $32 for a person with a net worth of $250,000. A career totalof around $3 million in fines for Cuban works out to less than one monthly carpayment for many of the fans attending NBA games.

However, a report after Cuban was fined $100,000 by the league in2014 – again over his criticism of officiating – indicated that the Mavericksowner has been making matching donations to charity each time he’s been dockedby the NBA.

Cuban isn’t afraid to ruffle feathers

Mark Cuban has been a longtime baseball fan and made several attempts over the years to purchase MLB teams only to be rebuffed. He spoke out last month over the way the Houston Astros sign-stealing scandal was handled by saying he was grateful that he was never able to buy a team.

Arguably the most famous incident involving Cuban criticizing NBAofficiating came in 2002 when he dragged an unrelated business into thecontroversy by telling reporters that the NBA director of officials “wouldn’t be able to manage a Dairy Queen.”

Dairy Queen executives took umbrage and responded bytelling Cuban to try spending time in one of their stores to see how well themanagers perform their duties.Cubanaccepted the invitation and worked a shift at the Dairy Queen in Coppell, Texas.

Mark Cuban’s Net Worth Allows Him to Get Fined as Much as He Wants (2024)

FAQs

How much does Mark Cuban make per episode on Shark Tank? ›

Variety estimated in 2016 that the sharks got paid about $50,000 per episode, but it's likely they get paid more now. In 2014, leaked emails from the Sony hack revealed that the corporation was offering Cuban $30,000 per episode for Season 5; $31,200 for Season 6; and $32,488 for Season 7.

What is Mark Cuban's most successful Shark Tank investment? ›

1. Tower Paddle Boards. One of Cuban's notable investments is Tower Paddle Boards — a unique company that specializes in inflatable paddle boards and beach lifestyle products. Cuban's initial investment of $150,000 in 2011 was a bold move, and it paid off as the company flourished under his guidance.

How much did Mark Cuban sell micro solutions for? ›

In 1990, Cuban sold MicroSolutions to CompuServe for $6 million. He netted around $2 million from the deal after taxes.

How much of Dallas Mavericks does Mark Cuban own? ›

Under the unusual sale arrangement, Cuban maintains a 27% ownership stake in the Mavs and remains in control of basketball operations.

How much has Lori Greiner made from Shark Tank? ›

We do know that she makes an estimated $1.1 million for a 22-episode season of Shark Tank and about $5 million per year from her retail business (the one she founded when she invented her very first product).

How did Lori Greiner get rich? ›

Lori Greiner got rich as an inventor and entrepreneur. Her first debt business venture of jewelry organizers made $1 million in revenue in the first year. She's also made a lot of money as an investor and makes about $1.2 million per season of Shark Tank.

How much is fubu worth now? ›

A self-made man, John turned a $40 budget into FUBU, a fashion juggernaut worth $6 billion. He leveraged his business success as a springboard to fame and now enjoys the spotlight as a “Shark Tank” shark, motivational speaker and New York Times bestselling author.

At what age did Mark Cuban become a millionaire? ›

At age 32, he sold his first startup — a software company called MicroSolutions — for $6 million. That same day, he took off his watch and threw it away, he said at a SXSW panel earlier this month. It was symbolic: After gaining that financial security, he didn't want to feel like anyone owned his time, he said.

Is Mark Cuban a Republican or Democrat? ›

In the same interview, the self-described "fiercely independent" Cuban also said that he would consider running as Republican nominee Trump's running mate after having a meeting with Trump about Trump's positions on the issues and suggesting solutions.

Why did Cuban sell Mavs? ›

Why Cuban sold the team. At one point, Cuban saw himself owning the team well into old age. The 65-year-old billionaire points to a shifting business and media landscape — local television deals becoming an impediment rather than an asset — as a reason for the sale.

Where did Mark Cuban make all his money? ›

Mark Cuban's Net Worth—The Billionaire Is Selling His Stake in the Mavericks. Billionaire Mark Cuban amassed his fortune in several ways: a savvy bet on the early internet, cryptocurrencies, and even owning a professional sports team.

Who is the richest man in Shark Tank? ›

While all the Sharks have their own successful pursuits, Mark Cuban is by far the richest Shark, with a net worth of $6.2 billion under his belt as of 2023. Cuban, who owns the Dallas Mavericks, has announced he plans to leave the show after season 16, presumably to focus on his newest venture, Cost Plus Drugs.

Do sharks get paid to be on shark tanks? ›

It's important to note that while the sharks are paid to be on the show, the money they invest in the entrepreneurs' companies—if they choose to do so—is all their own. The money that Shark Tank investors offer is their own money and is not provided by the show.

What is Mark Cuban from Shark Tank net worth? ›

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