Topline
Billionaire entrepreneur Mark Cuban says he is leaving “Shark Tank” aft nan celebrated ABC show’s adjacent play wraps up, ending an complete 10-year-long tenure during which he’s invested astatine slightest $29 million successful astatine slightest 85 companies whose founders appeared connected nan show.
Cuban is 1 of 5 sharks connected "Shark Tank." (Christopher Willard/ABC via Getty Images)
ABC via Getty ImagesKey Facts
Cuban announced nan departure successful a recent episode of nan “All The Smoke” podcast, telling hosts and ex-NBA players Matt Barnes and Stephen Jackson “it’s time.”
The billionaire Dallas Mavericks proprietor told Forbes connected Monday he had thing to adhd successful summation to his comments connected nan podcast, and that he’s “still sewage a full caller play to shoot!”
Cuban’s withdrawal from nan show hasn’t been confirmed by ABC.
Cuban told “All The Smoke” aft years of investing successful startups connected nan show, he’s somewhat down connected a rate basis, but nan worth of galore of his investments are still doing well, name-dropping companies he’s invested successful for illustration BeatBox Beverages and Dude Wipes.
Cuban told Barnes and Jackson he loves nan show “because it sends nan connection nan American dream is live and well,” adding that he feels nan show and its entrepreneurial hosts person trained generations of entrepreneurs.
Forbes Valuation
We estimate Cuban’s nett worthy astatine $6.2 billion, ranking him wrong nan apical 500 wealthiest group successful nan world. Cuban, who sold Broadcast.com for $5.7 cardinal successful 1999, makes his money done varying ownership stakes successful sectors including sports, media and technology.
Key Background
Cuban joined “Shark Tank” arsenic a impermanent during play 2 and became a regular connected nan show successful play three. The long-running show, now successful its fifteenth season, gives up-and-coming entrepreneurs a chance to transportation their businesses and products to 5 “Sharks,” accomplished entrepreneurs who tin past make investments successful nan businesses aliases move them down. Cuban told Forbes past twelvemonth he was considering leaving “Shark Tank,” saying he wasn’t worried astir nan show's longevity and that it would “survive good without me.” The billionaire will person plentifulness to support him engaged erstwhile he exits nan show, arsenic he continues connected arsenic nan proprietor of nan Dallas Mavericks and nan cofounder of Cost Plus Drugs among different business ventures. Cuban co-founded Cost Plus Drugs past year, which offers debased medicine supplier prices amid rising costs.
Surprising Fact
Some of nan deals struck betwixt contestants and sharks are yet called off, aliases their position are changed importantly aft taping, Forbes reported earlier this year. Cuban said these changes are often because of caller accusation that arises during nan sharks’ owed diligence process, aliases owed to entrepreneurs who “just came for nan commercial.”
Further Reading
Mark Cuban Considering Leaving Shark Tank As He Bets His Legacy On Low-Cost Drugs (Forbes)
Mark Cuban Says He’s Leaving ABC’s ‘Shark Tank’ After Season 16 (Deadline)
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