When Cuban sold his company for $5.7 billion, he made 91% of his employees millionaires.

Mark Cuban consistently allocates a portion of the revenue from selling a business for a particular objective: distributing it among the employees of the company.

Cuban announced on social media platform X that he has always paid bonuses to employees who have been with the company for more than a year, with the amount of the payout increasing with the size of the acquisition. He gave the example of Broadcast.com's 330 employees becoming millionaires when the audio streaming service sold to Yahoo for $5.7 billion in stock in 1999.

In 1990, after selling his software firm MicroSolutions to CompuServe for $6 million, Cuban distributed 20% of the total sale price, which amounted to $1.2 million, among 80 employees. This equated to $15,000 per staff member if distributed equally.

In 2019, Cuban sold his majority stakes in HDNet, now known as AXS TV, and the NBA's Dallas Mavericks, and only HDNet experienced layoffs after the sale, as Cuban wrote in his post.

The sale of MicroSolutions, co-founded by Cuban, represented his first significant entrepreneurial achievement despite facing a major setback when his secretary embezzled approximately $82,000 from the company, nearly causing financial ruin.

"Cuban stated on the "Pardon My Take" podcast in 2020 that the situation was messed up. However, he also saw a positive aspect: it forced them to improve their actions."

"When you think it's the darkest, you have to hustle the most," he said.

In 1995, Cuban acquired and managed AudioNet, which later evolved into Broadcast.com. Despite the doubts surrounding the internet's potential at the time, he shared his vision with CBS's "Sunday Morning" last year.

""Nobody was doing it, according to Cuban. People thought he was an idiot," Cuban said."

In 2022, Cuban revealed to GQ that he had sold off his Yahoo stock after receiving a significant portion of it upon the sale of Broadcast.com. He was content with the proceeds and believed the stock market was overvalued at the time.

"The dot-com bubble burst and Yahoo's share price sank months later, teaching Cuban a valuable lesson: chasing dollars doesn't always lead to success," he said.

The Mavericks were sold to the Adelson and Dumont families, who own Las Vegas Sands Corporation, for approximately $3.5 billion last year. Cuban retained a 27% ownership stake and control of basketball operations, according to the Associated Press.

In 2000, the billionaire bought his first stake in the team for $285 million without any negotiation or attempt to lower the price.

"According to Cuban, the April episode of "The Draymond Green Show" podcast was all about fun. He said, "It was like a dream, I didn't even negotiate, I was just like, 'Yes, whatever.'""

Cuban's current net worth is $5.4 billion, according to Forbes.

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