Billionaire with a net worth of $6 billion, excluded from the NBA, contemplating a presidential run under one specific condition regarding Fox News ownership
Mark Cuban, the billionaire American businessman and former Shark Tank investor, has expressed a potential interest in running for president in the 2028 term, but only under extraordinary circumstances.
Cuban, who has a net worth of $6 billion according to Forbes, revealed his condition for a presidential run: Donald Trump's attempt to seek a constitutionally unprecedented third term. Cuban perceives such a move as a real threat that would compel him to join the race.
The business magnate, who has a history of staying out of politics to focus on his family and avoid the "grief and abuse" associated with running for the post of president, has stated that he might run as a Republican, citing it as the path of least resistance.
In 2017, Cuban made a similar statement about running for president while appearing on Fox News. However, he has since maintained that he has no plans to run in 2028 under normal circumstances.
Cuban's foray into politics began with his support for Kamala Harris in the 2024 presidential election. However, the potential third-term run by Trump could disrupt the political landscape enough to justify Cuban's candidacy.
Trump has both hinted that his vice president J.D. Vance might be a favored successor and flirted with the idea of a third term, though it remains highly unlikely due to constitutional limits.
Cuban's connection with the political arena is not new. He was the long-standing face of the NBA team Dallas Mavericks, but sold his stake for $3.5 billion in late 2023. Prior to his ownership of the Mavericks, Cuban founded Broadcast.com with Todd Wagner in 1995, which they sold to Yahoo for $5.7 billion in 1999.
It's worth noting that Cuban has consistently ruled out running for president unless Trump tries for a third term, which Cuban considers unconstitutional and a serious challenge.
References:
[1] The Hill
[2] Business Insider
[3] Politico
[5] CNN
- Mark Cuban, a billionaire entrepreneur known for his venture into businesses like broadcasting and basketball team ownership, has expressed a potential interest in running for president in the 2028 term, driven by the possibility of Donald Trump attempting a constitutionally unprecedented third term.
- Cuban, who sold his stake in the Dallas Mavericks for $3.5 billion in 2023, perceives Trump's third-term bid as a real threat that may compel him to join the political fray.
- In the past, Cuban has shown interest in politics, supporting Kamala Harris in the 2024 presidential election, but under normal circumstances, he has maintained no plans to run in 2028.
- Cuban, who founded Broadcast.com and made a fortune in the tech sector, may consider running as a Republican, citing it as the path of least resistance in his potential presidential bid.
- The general news outlets The Hill, Business Insider, Politico, and CNN have reported on Cuban's potential presidential run and his conditions for entering the race.
- The finance world, including traditional banking and the emerging DEFIs (Decentralized Finance), is closely watching the unfolding political scenario, given the impact policies and legislation can have on business and entrepreneurship.
- Meanwhile, in the world of sports, the NBA and basketball fans are eager to see how Cuban's presumed political ambitions, should they materialize, might influence the league's dynamics and policy-and-legislation surrounding sports, especially given his past association with the NBA's Dallas Mavericks.
