Benzinga

España
Italia
대한민국
日本
Français
Benzinga Edge
Benzinga Research
Benzinga Pro

  • Get Benzinga Pro
  • Data & APIs
  • Events
  • Premarket
  • Advertise
Contribute
España
Italia
대한민국
日本
Français

Benzinga

  • Premium Services
  • Financial News
    Latest
    Earnings
    Guidance
    Dividends
    M&A
    Buybacks
    Interviews
    Management
    Offerings
    IPOs
    Insider Trades
    Biotech/FDA
    Politics
    Healthcare
    Small-Cap
  • Markets
    Pre-Market
    After Hours
    Movers
    ETFs
    Options
    Cryptocurrency
    Commodities
    Bonds
    Futures
    Mining
    Real Estate
    Volatility
  • Ratings
    Analyst Color
    Downgrades
    Upgrades
    Initiations
    Price Target
  • Investing Ideas
    Trade Ideas
    Long Ideas
    Short Ideas
    Technicals
    Analyst Ratings
    Analyst Color
    Latest Rumors
    Whisper Index
    Stock of the Day
    Best Stocks & ETFs
    Best Penny Stocks
    Best S&P 500 ETFs
    Best Swing Trade Stocks
    Best Blue Chip Stocks
    Best High-Volume Penny Stocks
    Best Small Cap ETFs
    Best Stocks to Day Trade
    Best REITs
  • Money
    Investing
    Cryptocurrency
    Mortgage
    Insurance
    Yield
    Personal Finance
    Forex
    Startup Investing
    Real Estate Investing
    Prop Trading
    Credit Cards
    Stock Brokers
Research
My Stocks
Tools
Free Benzinga Pro Trial
Calendars
Analyst Ratings Calendar
Conference Call Calendar
Dividend Calendar
Earnings Calendar
Economic Calendar
FDA Calendar
Guidance Calendar
IPO Calendar
M&A Calendar
Unusual Options Activity Calendar
SPAC Calendar
Stock Split Calendar
Trade Ideas
Free Stock Reports
Insider Trades
Trade Idea Feed
Analyst Ratings
Unusual Options Activity
Heatmaps
Free Newsletter
Government Trades
Perfect Stock Portfolio
Easy Income Portfolio
Short Interest
Most Shorted
Largest Increase
Largest Decrease
Calculators
Margin Calculator
Forex Profit Calculator
100x Options Profit Calculator
Screeners
Stock Screener
Top Momentum Stocks
Top Quality Stocks
Top Value Stocks
Top Growth Stocks
Compare Best Stocks
Best Momentum Stocks
Best Quality Stocks
Best Value Stocks
Best Growth Stocks
Connect With Us
facebookinstagramlinkedintwitteryoutubeblueskymastodon
About Benzinga
  • About Us
  • Careers
  • Advertise
  • Contact Us
Market Resources
  • Advanced Stock Screener Tools
  • Options Trading Chain Analysis
  • Comprehensive Earnings Calendar
  • Dividend Investor Calendar and Alerts
  • Economic Calendar and Market Events
  • IPO Calendar and New Listings
  • Market Outlook and Analysis
  • Wall Street Analyst Ratings and Targets
Trading Tools & Education
  • Benzinga Pro Trading Platform
  • Options Trading Strategies and News
  • Stock Market Trading Ideas and Analysis
  • Technical Analysis Charts and Indicators
  • Fundamental Analysis and Valuation
  • Day Trading Guides and Strategies
  • Live Investors Events
  • Pre market Stock Analysis and News
  • Cryptocurrency Market Analysis and News
Ring the Bell

A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.

  • Terms & Conditions
  • Do Not Sell My Personal Data/Privacy Policy
  • Disclaimer
  • Service Status
  • Sitemap
© 2026 Benzinga | All Rights Reserved
August 31, 2023 3:32 PM 4 min read

Mark Cuban Had $60 To His Name And Was Fired From Multiple Jobs — One Move Made Him A Billionaire Overnight: 'In Business, You Only Have To Be Right Once. One Single Time, And You Are Set For Life'

by Jeannine Mancini Benzinga Staff Writer
Follow

Mark Cuban, the billionaire entrepreneur and investor who started with just $60 in his pocket and had to move into a friend's apartment after college, has amassed a fortune of more than $5 billion.

Cuban's entrepreneurial spirit began at a young age, with ventures like selling garbage bags at age 12, transitioning to selling stamps and coins and even running a small newspaper business during a strike in Pittsburgh at age 16. His determination led him to pursue a management degree in college, setting the stage for his future endeavors.

Cuban graduated from Indiana University in 1981 and began working at Mellon Bank in Pittsburgh. At Mellon Bank, he transitioned paper-based processes to computer systems. He also initiated a newsletter and organized a happy hour group for younger employees to interact with senior executives. His boss wasn't supportive of these efforts.

Don’t Miss:

  • Until 2016 it was illegal for retail investors to invest in high-growth startups. Thanks to changes in federal law, this Kevin O’Leary-Backed Startup Lets You Become a Venture Capitalist With $100
  • Airbnb was worth $47 billion at IPO. This New ‘Airbnb For RV's' Platform Takes On The $540 Million RV Rental Market With 25% In Savings And $50,000 For Renters is open for anyone to invest.

"He told me I was never to go over him or around him, or he'd crush me," Cuban recalled in a Forbes essay. "I knew then it was time to get out of there."

After leaving Mellon Bank, Cuban worked at the TV repair franchise Tronics 2000 in Indiana before moving to Dallas. When he was 24, Cuban shared a three-bedroom apartment in Dallas with five roommates. He had just $60 to his name.

Cuban attempted to start his own business selling powdered milk but quickly realized it was not a viable venture. "I honestly thought it would make a killer business and it lasted minutes," Cuban said.

Next, he secured a position at PC software company Your Business Software, earning $18,000 per year plus commissions. This role was also short-lived. Cuban had an opportunity to make a $15,000 sale, which would have yielded a $1,500 commission. It was a chance for him to improve his living situation.

He informed his boss — the company's CEO — that he intended to close the deal during his regular shift, with someone covering for him. His boss, against his plan, forbade him from going ahead with it. Cuban proceeded anyway, thinking that his boss would be impressed with the sale.

Instead, upon returning to the office, his boss promptly terminated him for disobedience. Cuban described this incident as "the determining factor in my business life."

This setback motivated him to establish a PC consulting company named MicroSolutions, which he later sold to CompuServe for $6 million. 

Building on this success, he founded Broadcast.com, an internet radio company. Yahoo! Inc. acquired the company in 1999 for $5.7 billion in stock. Despite the potential for his wealth to increase further with Yahoo's rising stock prices, Cuban decided to sell his shares immediately. This choice turned out to be a smart move — the dot.com bubble burst shortly after, marking Yahoo's acquisition of Broadcast.com as one of the most ill-fated deals in history. Ultimately, investing in himself and investing in the world of startups, paid off for Cuban.

In 2000, Cuban purchased the Dallas Mavericks NBA team for $285 million. Now Cuban is worth $5.1 billion, according to Forbes.

See more on startup investing from Benzinga:

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


Posted In:
NewsStartupsTechMark Cubanstartup crowdfunding
Beat the Market With Our Free Pre-Market Newsletter
Enter your email to get Benzinga's ultimate morning update: The PreMarket Activity Newsletter

In his book "How to Win at the Sport of Business," published in 2011, Cuban emphasized the importance of perseverance in business, noting, "It doesn't matter how many times you strike out. In business, to be a success, you only have to be right once. One single time, and you are set for life. That's the beauty of the business world."

  • Consuming too much caffeine but still tired? This startup found The Secret Behind Why Your Coffee and CBD Might Not Be Working
  • Gamers are selling their old gaming items for millions. Learn why everyday gamers and investors are claiming a stake in their side hustles and how they invested over $1.2 million in this startup
    Photo: Shutterstock
Comments
Loading...