06-18-2022, 04:51 PM
(This post was last modified: 06-18-2022, 04:54 PM by BoredAssistant.)
(06-18-2022, 04:03 PM)DallasMaverick Wrote: https://www.bloomberg.com/billionaires/p...ark-cuban/
The article says he's mostly in cash. Let's assume $2b of his net worth is in the Mavericks (Clippers sold for $2b fairly recently).
So, let's say he's only making 3% return on $3.3b of investments, excluding the Mavs. That's a paltry $100m annually. Hardly enough to feed his family.
I think you make a fair point and 3% seems reasonable considering the last couple of years. Looks like he has lost a quarter billion in value in the last year which isn't shocking, and it seems some of it is wrapped up in movie cinemas which I assume has picked up in the last few months from the eye-test. There's a lot of volatility but yeah I can see him paying a large tax for 1 or even 2 years. Thanks.