Mark Cuban begins the year with a net worth of $6.2 billion

Mark Cuban, a successful entrepreneur and investor, has a history of selling his ventures at the right time. Before the dot-com bubble burst, he sold his radio-streaming website, broadcast.com, and purchased the Dallas Mavericks in 2000 for $285 million. Under his ownership, the team won three division titles, two conference championships, and an NBA championship before he sold them to Adelson for $3.5 billion. Cuban retains a minority stake in the team. Currently, the Dallas Mavericks are owned by investors Miriam Adelson (Majority Ownership) and Mark Cuban (Minority Ownership).

Patrick Dumont, Adelson’s son-in-law and president and chief operating officer of the Las Vegas Sands company, will serve as Mavericks governor. Adelson is the surviving spouse of casino magnate Sheldon Adelson. Cuban is expected to maintain control of basketball operations, and there’s no indication the club will leave Dallas.

Mark Cuban has owned the Dallas Mavericks since 2000. He transformed the team, which was once a lackluster expansion franchise added to the NBA in 1980, into a powerhouse in the 2000s led by Dirk Nowitzki. In 2011, the team won their first and only championship so far. The sale of the team by the Adelsons is primarily due to their interest in establishing destination gambling in Texas. The casino industry, led by Las Vegas Sands as recently as 2022, has been lobbying the Texas state legislature to loosen the state’s strict laws against gambling. Since 2018, the majority of states, including New York, have legalized sports betting, leading to the revitalization of other efforts to expand the casino business outside of Nevada, such as the Texas battleground.

Here’s a look at the most valuable NBA franchises

1. Golden State Warriors, $7.7 billion
   Owners: Joe Lacob, Peter Guber
2. New York Knicks, $6.6 billion
   Owners: Madison Square Garden Sports (led by James Dolan)
3. Los Angeles Lakers, $6.4 billion
   Owners: Todd Boehly, Mark Walter, Jerry Buss Family Trusts (led by Jeanie Buss)
4. Boston Celtics, $4.7 billion
   Owners: Boston Basketball Partners (led by Wyc Grousbeck and Stephen Pagliuca)
5. Los Angeles Clippers, $4.65 billion
   Owner: Steve Ballmer
6. Chicago Bulls, $4.6 billion
   Owner: Jerry Reinsdorf
7. Dallas Mavericks, $4.5 billion
   Owner: Adelson family, Mark Cuban
8. Houston Rockets, $4.4 billion
   Owner: Tilman Fertitta
9. Philadelphia 76ers, $4.3 billion
   Owners: Joshua Harris, David Blitzer
10. Toronto Raptors, $4.1 billion
    Owners: Bell Canada, Larry Tanenbaum, Rogers Communications
11. Phoenix Suns, $4 billion
    Owners: Matt Ishbia, Justin Ishbia
12. Miami Heat, $3.9 billion
    Owner: Micky Arison
13. Brooklyn Nets, $3.85 billion
    Owner: Joe Tsai
14. Washington Wizards, $3.5 billion
    Owner: Ted Leonsis
15. Denver Nuggets, $3.37 billion
    Owner: Stan Kroenke
16. Cleveland Cavaliers, $3.35 billion
    Owner: Dan Gilbert
17. Sacramento Kings, $3.33 billion
    Owner: Vivek Ranadive
18. Atlanta Hawks, $3.32 billion
    Owner: Tony Ressler
19. San Antonio Spurs
    Owners: Peter J. Holt, Sixth Street Partners
20. Milwaukee Bucks, $3.2 billion
    Owners: Jimmy Haslam, Dee Haslam, Wes Edens
21. Utah Jazz, $3.09 billon
    Owners: Ryan Smith, Ashley Smith
22. Portland Trail Blazers, $3.08 billion
    Owners: Paul G. Allen Trust (led by Jody Allen)
23. Detroit Pistons, $3.07 billion
    Owner: Tom Gores
24. Oklahoma City Thunder, $3.05 billion
    Owners: Professional Basketball Club LLC (led by Clayton Bennett)
25. Charlotte Hornets, $3 billion
    Owners: Gabe Plotkin, Rick Schnall
26. Orlando Magic, $2.95 billion
    Owners: DeVos Family
27. Indiana Pacers, $2.9 billion
    Owners: Herbert Simon, Stephen Simon
28. New Orleans Pelicans, $2.55 billion
    Owner: Gayle Benson
29. Minnesota Timberwolves, $2.5 billion
    Owners: Marc Lore, Alex Rodriguez, Glen Taylor
30. Memphis Grizzlies, $2.4 billion
    Owner: Robert Pera

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