It’s the end of an era for Mark Cuban and ABC’s hit investment show, Shark Tank.
Cuban said he plans to leave his role as one of the show’s celebrity judges/investors in 2025 after nearly 15 years. Cuban broke the news on an All the Smoke podcast episode last week while talking to former NBA players Matt Barnes and Stephen Jackson.
Related: Mark Cuban’s net worth: ‘Shark Tank’ investments, the Dallas Mavericks, and more
Cuban says he will use the extra free time to focus on his family as his teenage children grow up.
“I just want to have a couple summers with my teens before they go off on their own,” Cuban told The Hollywood Reporter. “Nothing to do with the show. I love it. I love being on it. I love what [it] represents and how it motivates entrepreneurs around the world.”
As an entrepreneur, Cuban has founded more than 10 companies since 1983. He made his first billions after selling Broadcast.com, an internet sports radio company, to Yahoo for $5.7 billion in 1999, a few years before shuttering the business.
Cuban’s payout from the deal was $1.1 billion, according to Forbes. After purchasing the NBA’s Dallas Maverick’s franchise for $280 million, his net worth doubled. Cuban is now worth about $4.5 billion.
As a television personality, as of 2022 Cuban said he has invested $29 million in at least 85 companies that have appeared on Shark Tank.
Brightwell, an app designed to teach preschoolers, has been his biggest winner. His estimated $600,000 investment in the company netted him a 2% stake that is now worth about $12 million.
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