How Shark Tank’s Mark Cuban is changing the world: the billionaire entrepreneur is an NFT influencer who helps underprivileged children and is making life-saving medicine affordable in the US
- Cuban recently launched Cost Plus Pharmacy to help Americans save thousands of dollars on life-saving medication every month by lowering the cost
- The ‘shark’, worth US$4.5 billion, continues to invest in small businesses and young people – he’s also popular among Gen X and millennials for his investments in crypto
Here’s how Cuban is using his billions to change the world.
He literally bought a little area of the world
Cuban helped out a friend in 2021 by purchasing the city of Mustang, Texas, for US$2 million, according to Dallas Morning News. With a population of only 23 people, the place was originally on sale for US$4 million, but was priced too high for the top bidder. Cuban ended up handing over the cash, but admitted to the paper he has no idea what he’ll do with the city – which up until he put his name on it in a Schitt’s Creek-style purchase, was infamous for a murder filmed at a hotel in 2008.
He’s making health care more affordable for Americans
Mark Cuban launched Cost Plus Pharmacy recently and has lowered the price of many life-saving prescription medications while he’s at it. Cuban – whose mother recently died after a battle with cancer – has helped leukaemia patients pay for medication that was more than 100 times the price at his online pharmacy, and he plans to take over the market.
While prices can get huge mark-ups by middlemen including insurance companies and government regulators, the businessman offers the medication at cost plus a 15 per cent mark-up.
He’s championing small businesses
