Mark Cuban is worth $ 4.5 billion, but his latest investment likely won’t earn him a dime
The Dallas Mavericks are one of the few NBA teams whose owner is more nationally recognized than anyone on the list. The owner in question is of course Mark Cuban, the billionaire businessman known just as much for doing business on the TV show. Shark aquarium than to lead the Mavericks.
Cuban has made his fair share of investments over the years outside of basketball. Like any investment, they are made with the intention of making him earn more money than he invested. But his latest venture will likely earn him little to no return, although it will put him on good terms with a friend.
Mark Cuban is always on the lookout for the next big investment opportunity
With a net worth of $ 4.5 billionCuban is no stranger to money. And as the old saying goes, you have to spend money to make money. And that’s what the 63-year-old has done during his lucrative business career.
A look at Cuba professional website gives such a long list of companies that you will wonder if your scroller has broken. From food and technology, medicine and even crypto, the entrepreneur has his toes dipped in the waters of almost every type of industry imaginable.
According to CB Insights, the billionaire TV personality racked up 357 investments in December 2021. A good number of them come from Shark aquarium, as you might expect. The “Shark” has attached its name to 59 companies from the hit show.
But when he’s not on TV to make real people’s dreams come true, he quietly helps a friend in need. Even if it ends up earning little or no money for him in the process.
Cuban bought almost abandoned Texas town as a favor for a friend
Mustang, Texas is a city located 55 miles south of Dallas. It is also the last purchase from Cuba.
The Mavericks boss recently bought the 77-acre town from his friend who has been in the market since 2017. The city was initially listed at $ 4 million but later lowered to $ 2 million after getting no takers. However, it is not known how much Cuba bought it for.
According to Fox 4, Mustang was founded in the 1970s and was the only place in Navarro County where people could buy alcohol. Years later, it was the home of a well-attended gentlemen’s club named Wispers. However, it has since closed for good after a grisly murder that occurred there in 2008.
Today Mustang has a population of only 23 people. The club formerly known as Wispers is abandoned. In fact, apart from a trailer park and a few ranches, the whole town is more or less vacant. Even Cubans may not save this city located just 45 minutes from the American Airlines Center.
“I don’t know what, if anything, I’m going to do it,” Cuban said The morning news from Dallas.
Dallas Mavericks need Cuban attention
Perhaps Cuba will change its tone and decide to devote money and resources to revitalizing the Mustang. In the meantime, the billionaire should be wondering how to resurrect his Mavericks.
A 9-4 record was quickly soured by 12 losses in its last 18 games. As a result, Dallas is now a 15-16 pedestrian and increasingly looks like a play-in team instead of a true Western Conference contender.
Star Luka Doncic is the main reason the Mavs are competitive every night. But the list around it can take a lot of work. Perhaps Cuba will give the green light to general manager Nico Harrison to accompany Luka with championship-caliber talent this season. Otherwise, Dallas could be in line for another disappointing playoff outing.
On the plus side, if Cuban wants a quiet place to escape criticism, there is a small town south of Dallas that should serve as a nice getaway.
All statistics are courtesy of Basketball reference.
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