How did Mark Cuban (the owner of the Mavericks) get his money?

Answer 1

Shortly after college, in 1982, Cuban moved to Dallas, Texas and found work with a new IBM PC software dealer. He was fired for choosing to make a sales call to close a $10,000 software deal instead of opening the store on time. Cuban founded a new company, MicroSolutions, and was able to convince some of his previous customers to come along. The MicroSolutions became a system integrator and reseller for companies such as Novell, 3Com, IBM, Banyan, Apple Computer and Sun Microsystems and an early adopter of technologies such as Carbon Copy, Lotus Notes, and CompuServe. One of the company's biggest clients was Perot Systems. In July 1990, Cuban sold MicroSolutions to CompuServe, Inc—then a subsidiary of H&R Block—for 6 million dollars.[1]. "After taxes, I walked away with about $2 million" Cuban once recalled.[2]

Cuban and fellow Indiana alum Todd Wagner still eagerly followed their college basketball team, and conceived the idea of broadcasting live games and events through the Internet. They began Audionet in 1995 with a single Packard Bell server and ISDN line, which became Broadcast.com in 1998. They achieved success by broadcasting sporting and corporate events much less expensively than with existing leased lines. By 1999, Broadcast.com had grown to 330 employees and annual revenues close to $100 million. With the stock market now in the midst of the Dot-com boom, Cuban was able to sell the company to Yahoo! for $5.7 billion in stock. After the sale, Cuban hedged his position in Yahoo in an attempt to avoid exposure to a market crash.[1] According to Forbes, Cuban is reportedly worth $1.8 Billion.



I didn't know how to put it but wikipedia did it better but i knew the story cuz i am from the Pittsburgh area and Cuban might buy the Penguins and keep em in the burgh

Answer 2

Mark is one of the Dot.com'ers that cashed out at the right time.

He sold Broadcast.com to Yahoo! for $2 Billion back in the late 90's. From there he bought the Mavericks and started one of the first all-HDTV channel (can't remember the name).

Answer 3

He and a few others started a small business. They made it public, the stock went through the roof, and he sold out, thus making BILLIONS of dollars. The epitomy of THE AMERICAN DREAM!

Answer 4

Yahoo payed him 5 billion dollars for broadcast.com that he found.

Answer 5

Sold his internet company to yahoo!.

Answer 6

hmmm maybe because he owns it!