Mark Cuban Announces Departure from “Shark Tank” After Upcoming Season

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Entrepreneur and Dallas Mavericks owner Mark Cuban has disclosed his intention to exit “Shark Tank” after completing one more season of the show.

Since 2011, Cuban has been a permanent investor on the ABC series, hearing pitches from small business owners seeking investments.

“This is our 15th year. Next year, 16th year, is going to be my last year,” Cuban said last week on Showtime Basketball’s “All The Smoke” podcast, hosted by former NBA players Stephen Jackson and Matt Barnes. “So one more year to go. It’s time.”

Simultaneously, Cuban is in the process of selling a majority stake in the Dallas Mavericks to casino magnate Miriam Adelson, while maintaining full control of the team’s basketball operations. It remains unclear if this development influenced his decision to leave “Shark Tank.”

During his tenure on the show, Cuban has invested in numerous companies, such as BeatBox Beverages and DudeWipes, both of which he notes are performing well. The 65-year-old billionaire expressed his love for the show’s ability to support individuals in kickstarting their business ventures, inspire viewers, and reinforce the idea that the “American dream is alive and well.”

While acknowledging some cash basis challenges, Cuban emphasized the overall success of his “Shark Tank” investments, noting they are currently “down a little bit” on cash but “way up” on a mark-to-market basis. Cuban shares the “Shark Tank” stage with Robert Herjavec, Kevin O’Leary, Barbara Corcoran, Daymond John, and Lori Greiner.