- Billionaire Mark Cuban has made a name for himself as an entrepreneur and media personality.
- But he is now selling his majority stake in the Dallas Mavericks, according to ESPN and the AP.
- So this may be the end of the Mark Cuban era as we know it.
Billionair Mark Cuban He is many things – a serial entrepreneur dabbled in technology and pharmaceuticals, a reality TV star, and the longtime owner of the Dallas Mavericks.
But if recent reports are any indication, this could soon be yesterday’s Mark Cuban, as he ditches the parts of his portfolio that symbolize his public persona.
Last week, Cuban said he was Moving on from ABC’s “Shark Tank.” Cuban has been a fixture on the entrepreneurial reality show since joining the series full-time in 2012.
The 65-year-old is also looking to sell his majority stake in the Dallas Mavericks to… Adelson familyaccording to reports Tuesday espn And the News agency. He has owned his stake in the Mavericks since 2000, when he bought it from real estate developer Henry Ross Perot Jr.
It is unclear why Cuban abandoned these high-profile business ventures.
But speculation is once again beginning to swirl around the tech mogul’s political ambitions, particularly regarding whether cashing in on the Mavericks could be a move to build a massive financing war chest. some Users On X, formerly known as Twitter, they believe Cuban’s moves are a precursor to a presidential run.
The theory that Cuban might be considering a run for president isn’t all that outlandish, considering he is We talked about he ran many times. However, Cuban said NBC News In July, he announced that he did not plan to run in 2024, which would see him launch his bid into a crowded field that includes incumbent President Joe Biden and former President Donald Trump, the current Republican nominee.
“No. My family will disown me,” Cuban told NBC News via email in response to inquiries about his possible 2024 run as a third-party candidate.
Cuban’s explanation for these big moves – for now – is that he’s just trying to get some relief.
Cuban said Monday Hollywood Reporter That he loved “Shark Tank” but was leaving the show to spend more time with his children. Cuban has three children with his wife, Tiffany Stewart: Alexis, 20, Alyssa, 17, and Jake, 13.
When all is said and done, Cuban’s rumored sale of a majority stake in the Dallas Mavericks could leave him in charge of running the franchise and remaining its most enthusiastic ambassador, ESPN and AP report.
But in any case, one thing is certain. This could be the end of the “Shark Tank” era – starring Mark Cuban, the Mavericks owner we’ve all come to know.
Cuban did not immediately respond to a request for comment from Business Insider sent outside regular business hours.
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