Mark Cuban Says Billionaire Status Boiled Down to 2 Things
Written by
Adam Palasciano
Edited by
Rebekah Evans
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There are approximately 60 million millionaires in the world, and just over 3,000 billionaires. While joining the billionaire club may seem even more impossible than reaching millionaire status, one individual of note has truly proven becoming this rich is possible with a little luck and a lot of hard work.
As a former “Shark Tank” star and part-owner of the Dallas Mavericks, Mark Cuban has an estimated net worth of about $6 billion. As one of America’s most successful business people, Cuban knows how to make money and get ahead. Here’s what you can learn from Cuban’s rise to success.
Hard Work
Cuban is no stranger to hard work. Through his persistence and due diligence, he has become one of the most successful and wealthiest entrepreneurs in the country.
“Everybody’s got the will to be successful … but the most important part is the work you do to prepare to be successful,” Cuban said.
He noted that success is mostly the result of hard work, which is what everyone should understand if they want to get ahead. On the other hand, he also explained that part of success is luck.
Pure Luck
Cuban remarked that “life is half random.” He described that the way he got to be a billionaire was also about timing and luck, in addition to his hard work.
Cuban, who was born in 1958 and founded Broadcast.com, an internet audio and video streaming service, explained that timing was everything when it came to his initial success.
“I was born at the right time so that when the internet technology really took off and we were able to start Audionet — which turned into Broadcast.com — which went public, I could turn around and sell for $5.7 billion in stock,” Cuban explained.
He had no control over the evolution of the internet, but said the timing of when he got into the business and when the internet really took off made all the difference. However, he also noted it’s what you do with the luck that counts.
“Life is half random: It’s what you do with the half you can control that really sets a tone for your entire life,” Cuban added.
Caitlyn Moorhead contributed to the reporting for this article.
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