Nov 29, 2023 - Politics & Policy

Mark Cuban says he has "no plans" to run for president in 2024

Mark Cuban speaking in Las Vegas in May 2019.

Mark Cuban speaking in Las Vegas in May 2019. Photo: Joe Buglewicz/Bloomberg via Getty Images

Billionaire Mark Cuban told NBC News on Wednesday he has "no plans" for a presidential run in 2024.

Why it matters: Cuban's recent decisions to sell his majority stake in the NBA's Dallas Mavericks and to leave ABC's "Shark Tank" after season 16 has sparked speculation about his political ambitions, Axios' Dan Primack reports.

  • Cuban has toyed with the idea of running for office before, floating a potential run during an Axios event in 2020.
  • His business and TV personality background potentially positions him as a strong candidate with deep pockets and wealthy partners who are major political donors.
  • The speculation regarding Cuban's aspirations came amid wider theorizing of a potential third-party presidential run against President Biden and former President Trump, the presumed Democratic and Republican nominees.

The big picture: During an Axios event in 2022, Cuban said he would not run for office but criticized the U.S.' two-party political system, calling it "so messed up."

  • Specifically, he said primary elections prompt candidates to adopt more extreme positions because people who vote in them often have the most "extreme views."
  • He added that he could see himself advocating for ranked-choice voting and open primaries.

The billionaire has worked to lower prescription drug prices through his direct-to-consumer online pharmacy, Cost Plus Drugs, over the past several years — an effort Americans overwhelmingly support, polling in recent years has shown.

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