Investor and TV Star Mark Cuban Files for Bankruptcy After Series of Bad ‘Shark Tank’ Deals

Ad

NEW YORK CITY, New York – 

Investor and former billionaire Mark Cuban has filed for bankruptcy, after he says he made a series of bad business deals on Shark Tank. 

“Over the last two seasons, I’ve invested in about a dozen different businesses, and every single one of them failed,” said Cuban. “It’s absolutely the worst run of luck in my life. I’ve usually been a whole lot better at figuring out how to stay rich. This crippled me.”

Cuban, who made his fortune by perfectly timing the sale of an internet company before the bubble burst, has been an investor on the show Shark Tank since it began nearly 10 years ago. He is the first Shark to lose their fortune investing in the companies presented.

“I feel kind of bad for him, but not like, super bad or anything,” said Barbara Corcoran, another Shark. “Mark was worth more than the rest of the sharks combined, and it’s actually kind of nice to see a fall like this. It will probably give him a bit of humility. I have no doubt he’ll climb his way back up, but for now, I’m smiling a bit.”

Bill Gates To Appear On Next Season of ABC Show ‘Shark Tank’

Bill Gates To Appear On Next Season of ABC Show 'Shark Tank'

NEW YORK CITY, New York – 

Although they had tried to keep the news quiet, ABC recently confirmed rumors that the world’s richest man, Bill Gates, the former chairman of Microsoft Computers, would be a guest on their hit TV series Shark Tank. 

“We are super, super excited to get Bill Gates onto our show,” said producer Ryan Miller. “He’s the richest man in the world, worth over $52 billion dollars. He could theoretically invest in any product that comes his way, and whether it’s a winner or a loser, it wouldn’t matter in the slightest – he’d still be the richest man in the world.”

Fans of the show they are very excited to see Gates on the series, as he is well known for his extreme generosity when it comes to charities and investments.

Learn more about RevenueStripe...

“It’s going to be so cool! I hope he invests in everything,” said fan Marsha Tyler on the Shark Tank Facebook page. “He’s literally the American dream – build something, steal some things, drop out of college, and burn your way to the top. It’s amazing!”

Several people, though, are not as enthusiastic about Gates coming onto the show – the current panel of “Shark” Investors.

Marc Cuban, who is the only billionaire sitting regularly on the panel, says there is already animosity towards him because he is more wealthy than all the other sharks – combined.

“They already hate me because I make great business decisions, and I’m worth more money than all of them together,” Said Cuban. “Personally, I appreciate when others have success, even if it’s more success than me. I’m super happy to have Bill come on the show – but I know the others will be insanely jealous. Even the super-rich get jealous of those that have more than they do.”

Other guests on the show have included comedian and entrepreneur Jeff Foxworthy, who has an estimated net worth of $100 million, and GoPro Camera inventor Nicholas Woodman, who is the wealthiest investor to appear on the show so far, worth over $3.5 billion. Mark Cuban is worth an estimated $2.7 billion.

Bill Gates says he is “excited” to be on the show, but doesn’t know what he is looking to invest in, but hopes that at least one of the companies has created a new, better prophylactic.

Design & Developed By Open Source Technologies.