Mark Cuban is the current owner of HDNet and well known as the NBA Dallas Mavericks owner. Mark became an oligarch by selling his dotcom company Broadcast.com to Yahoo. Worth approximately 2.8 billion dollars, he made number 133 on Forbes' "World's Richest People" in 2007. Mark, a native of suburban Pittsburgh, Pennsylvania is considered controversial on a number of issues both on and off the basketball court.
He is very passionate having paid well over $1 million in fines for lashing out at officials and referees. He also announced in February 2021 that the team would no longer play The Star Spangled Banner before games, though the NBA would later state that it would be played before ALL NBA games, forcing the team to reverse its original decision.
SEC insider trading scandal
Mark Cuban has been named in an insider trading scandal. Accused of saving $750,000. by dumping his stake in an Internet company just after he heard confidentially that the company was about to issue low-priced shares.
Cuban had financed the anti-American movie Redacted, which flopped at the box office. It was a story of an alleged rape and murder of an Iraqi girl by U.S. soldiers.
Mark Cuban Foundation
Through the Mark Cuban Foundation, he matched 1 million dollars of his personal money with donations. All funds to be for families of U.S. military persons killed or injured during Iraq Afghanistan wars.
- Mark Cuban Biography Investing Value
- Austin American-Statesman (May 19, 2006)
- SEC Calls a Foul on NBA's Cuban, Alleges Insider Trades in Web Firm Wall Street Journal, NOVEMBER 18, 2008