The Dallas Mavericks are one of the few teams in the NBA whose owner is more nationally-recognized than anyone on the roster. The owner in question of course is Mark Cuban, the billionaire businessman known just as much for making deals on the television show Shark Tank than for running the Mavericks.
Cuban has made his fair share of investments over the years outside of basketball. Like any investment, they’re made with the intention of earning him more money than he’s put in. But his latest venture will likely earn him little to no return, although it will put him in good graces with a friend.
Mark Cuban is always on the hunt for the next great investment opportunity
With a net worth of $4.5 billion, Cuban is no stranger to money. And as the old adage goes, you have to spend money to make money. And that’s what the 63-year-old has done over the course of his lucrative business career.
One look at Cuban’s professional website yields a list of companies so long you’ll wonder if your scroller has broken. From food, to technology, to medical, and even to 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 has accumulated 357 investments as of December 2021. A solid number of those have come from Shark Tank, as you can expect. The “Shark” has attached his name to 59 companies from the hit show.
But when he’s not on TV making real people’s dreams come true, he’s quietly helping out a friend in need. Even if it ultimately nets him little if any money in the process.
Cuban purchased a nearly-abandoned town in Texas as a favor for a friend
Mustang, Texas is a town located 55 miles south of Dallas. It’s also Cuban’s latest purchase.
The Mavericks boss recently bought the 77-acre town from his friend who’s had it on the market since 2017. The town was initially listed at $4 million but later lowered to $2 million after getting no takers. However, it is unknown how much Cuban purchased it for.
According to Fox 4, Mustang was founded in the 1970s and served as the only place in Navarro County where people could purchase alcohol. Years later, it was the home of a busy gentlemen’s club named Wispers. However, it has since permanently closed after a grisly murder occurred there in 2008.
Nowadays, Mustang has a population of just 23 people. The club formerly known as Wispers is abandoned. In fact, aside from a trailer park …….