Podcasts · Great Business Stories
Mark Cuban - The Lucky Billionaire
· 30 min
Episode Mark Cuban - The Lucky Billionaire
I’m being a bit flippant here because this is a guy who worked hard for his money- he became a millionaire at 31 and then proceeded to build a company that had the most successful IPO opening day in history up to that point, and within 9 months of that IPO he sold the company for $5.7 billion becoming a billionaire- yet astonishingly at the time of the sale that company has revenues of just $40 million. How did he manage that?
He then did what every sports fan would dream of doing and bought his favourite basketball team and turned them from also-rans into champions. He hasn’t been lucky all of the time- he’s had tussles with the SEC, got caught up in the #metoo movement, missed out on an investment that could have netted him $4.75 billion, but through Shark tank and other high profile investments, he’s now being mentioned as a potential presidential candidate for 2028.
It’s a fascinating story- enjoy.
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