NEED TO KNOW
- Mark Cuban’s remaining episode as a Shark Tank panelist airs on Could 16
- The businessman joined the present as a visitor in season 2 earlier than being promoted to full-time
- In November 2023, the Mavericks co-owner introduced he was stepping away from Shark Tank after season 16
After over a decade of pitches, investments and offers, Mark Cuban is saying goodbye to Shark Tank.
The billionaire first joined the enterprise actuality present as a visitor in season 2 earlier than changing into a full-time Shark one yr later. Throughout a November 2023 look on the All of the Smoke podcast, he introduced he could be leaving the present after season 16.
“That is our fifteenth yr, and subsequent yr, our sixteenth yr, is gonna be my final yr,” Cuban stated. “So I obtained yet another yr to go … It is time.”
Throughout a dialog with ipromiseyoumedia on Could 9, Cuban opened up about filming the ultimate episode, saying that whereas he felt “some closure and readiness to maneuver on,” he additionally had “loads of unhappiness” about leaving the individuals concerned in making the truth collection.
“Our crew from Sharks to PAs to producers are unimaginable to work with and to know,” he stated. “That is who I’ll miss greater than something.”
So, why is Mark Cuban leaving Shark Tank? This is all the pieces to know in regards to the billionaire’s exit from the truth present.
Why is Mark Cuban leaving Shark Tank?
Throughout his Could 2025 dialog with ipromiseyoumedia, Cuban opened up about his resolution to depart Shark Tank, explaining that he needed to “spend extra time” together with his youngsters — Alexis, Alyssa and Jake — who at the moment are youngsters and younger adults.
“We at all times shoot in June and September, and in June, proper after they’re ending faculty, I’ve to come back right here,” he stated. “Once they had been younger it was like, ‘Okay, we will anticipate Dad.’ Now that they are youngsters, they don’t seem to be ready for Dad in any respect, and in September they’ve simply gotten again to highschool. I wish to be there for that.”
The entrepreneur stated he had “no second ideas in any respect” about his resolution to depart, emphasizing that it wasn’t in regards to the present, however reasonably the time funding.
“Capturing the present is simple and enjoyable. I really love the capturing a part of it,” Cuban stated. “However it’s loads of time, and much more time to work with all the businesses I spend money on … For these entrepreneurs, it is their whole lives.”
He continued, “As soon as a deal closes, I’ve to do what we are able to to present them an opportunity to make their American Dream come true. That is an enormous dedication intellectually, time sensible and emotionally. I used to be able to commit that point to my household and Value Plus Medicine,” referencing his reasonably priced pharmaceutical firm.
What number of corporations has Mark Cuban invested in on Shark Tank?
On Shark Tank, Cuban has invested in 85 corporations as of November 2024, together with his largest funding being Ten Thirty One Productions at $2 million, per Nasdaq.
In accordance with the outlet, Tower Paddle Boards, Nut’s ‘N Extra, Prep Skilled and The Backside Line are amongst his most profitable investments.
As for the way a lot cash he is made, the Dallas Mavericks co-owner admitted throughout his look on All of the Smoke that his investments had been making a web loss.
“On a money foundation, I am down a bit of bit, however on a mark-to-market foundation, which means the businesses are nonetheless in operation, I am means up,” he stated.
Who will exchange Mark Cuban on Shark Tank?
Following Cuban’s exit from Shark Tank, govt director Clay Newbill informed The New York Instances that there can be no direct substitute.
“Personally, I don’t suppose that you may exchange Mark Cuban,” he stated. “He’s a power on the present.”
Nonetheless, visitor star Daniel Lubetzky, who based the Sort snack firm, was not too long ago promoted to a everlasting seat on the panel forward of Cuban’s exit.
What’s Mark Cuban doing after his Shark Tank exit?
From Shark Tank to Dancing with the Stars, Cuban has been on a number of competitors collection over time. Now, it is doubtless that his exit from the investing present marks the top of his actuality tv period altogether.
After being requested by TheWrap whether or not he would ever return to actuality TV, Cuban replied, “I’m getting requested that loads now that individuals know that I’m leaving — I doubt it.”
Cuban defined that whereas he’s leaving the present, he nonetheless has some unfastened ends to maintain from his years of investments.
“I nonetheless should do updates with the businesses that I’ve invested in,” he stated. “So I’ll come again and go to, do my updates and I’ll flip it over to any individual.”
As for his objective to spend extra time together with his youngsters, Cuban informed ipromiseyoumedia he was most wanting ahead to “holidays” together with his youngsters after stepping away from Shark Tank.
