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Mark Cubanbuilt his fortunethrough careful timing and entrepreneurship.
The sale price was $5.7 billion.
He then made headlines by purchasing the Dallas Mavericks for $285 million in January 2000.
He also acquired a private jet for $40 million.
According toForbes, Mark Cubans current net worth is estimated to be $5.7 billion.
GOBankingRates breaks down this potential wealth scenario.
What if Cuban Had Invested in Apple Instead?
He could have opted to buy Apple stock in December 1999.
Records indicate that Apples market capitalization thenstood at about $15.5 billion.
That time period turned out to be a turning point in Apples history.
By 2000, Apple was best known for its colorful iMacs.
Apples market capitalization rose by more than 20,500% fromlate 1999 to the present.
Should Mark Cuban Have Bought Apple Stock?
Hindsight can make any missed investment look like an obvious mistake.
However, financial professionals commonly stress the value of diversification.
It takes only one wrong bet to wipe out gains from other areas of a portfolio.
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