How great Rate Cuban’s $33 million in ‘Shark Tank’ investments earned him
Bryan Alexander and Taijuan Moorman, USA TODAY
3 min learn
Rate Cuban has made positive components and setbacks all over his time on “Shark Tank.”
After 15 seasons on the hit ABC industry actuality observe, Cuban, 66, looked in his final “Shark Tank” episode Could well perhaps 16, all around the Season 16 finale.
The savvy Dallas Mavericks minority proprietor, alongside with his fellow sharks, has made just a few rotten bets whereas investing on the observe, despite the fact that finally, he said he’s turned a well-known earnings.
Cuban suggested CNBC Make It that he invested “about $33 million” all over his time on the observe, receiving $35 million in cash returns and preserving equity now value “no longer less than $250 million.”
The businessman has invested in dozens of “Shark Tank” featured businesses over the years, and committed to even extra on masks masks. One industry in particular had all 5 sharks – Cuban, Kevin O’Leary, Daymond John, Lori Greiner and Robert Herjavec – biting for the first time. All pooled a $1 million funding for a 30% company stake, which turned out to be a dud.
Why Rate Cuban is leaving ‘Shark Tank,’ and his worst TV funding ever
In 2013, entrepreneur Charles Michael Yim pitched his Breathometer as the sector’s first smartphone breathalyzer. Yim even introduced champagne to look at it. Blame the bubbles, however the pitch labored.
The birthday celebration began to consequence in January 2017, when the Federal Alternate Commission filed a grievance in opposition to Yim and Breathometer, alleging the company misled potentialities relating to the product’s ability to precisely measure blood alcohol notify.
Breathometer settled with the FTC over that grievance, however used to be compelled to completely refund every buyer who had purchased the machine (in most cases retailing for $49.99), in step with an FTC instruct.
“It used to be a number of money, and I did a miserable job of due diligence,” Cuban suggested USA TODAY. “It essentially didn’t kill up anywhere advance what I anticipated.”
Cuban has also made several impressive provides, in conjunction with in Tower Creep Boards, Nuts ‘N More, SAT prep company Prep Expert and skincare company Easy Sugars, in step with Nasdaq.
In his farewell, Cuban seemed abet on his time on the observe fondly.
“I’ve learned so great from all of you,” Cuban said to Barbara Corcoran, Greiner, Herjavec, John and O’Leary in his farewell episode. “And to ‘Shark Tank,’ The of us who supported us, to the of us who esteem us. I esteem you guys esteem family.”
Rate Cuban says farewell to ‘Shark Tank’; How Kevin O’Leary, varied sharks toasted him
Cuban cited family as his reliable reason for leaving the observe. Cuban and wife Tiffany Stewart fragment three kids: daughters Alexis and Alyssa and son Jake.
