Nov 30, 2023 - Business

Scoop: Mark Cuban says he's never running for elective office

Mark Cuban

Mark Cuban. Photo by Borja B. Hojas/Getty Images.

Mark Cuban tells Axios that he never plans to run for any elective office, cooling off speculation that began after he struck a deal earlier this week to sell his majority stake in the Dallas Mavericks.

Driving the news: Cuban had previously told NBC News that he had "no plans" to run for president in 2024, but hadn't issued a blanket denial of all political ambition.

Background: Cuban first rose to fame and fortune as a dotcom-era Internet entrepreneur, and then became more of a household name as he bought the Mavericks in 2000 and later became a judge on the popular "Shark Tank" television program.

  • He's long been discussed as a possible candidate, including as a Republican challenger to former President Trump, but has never taken any formal steps in that direction.
  • The Mavericks sale came as a surprise, as did his almost concurrent announcement about leaving "Shark Tank" after next season, thus sparking the politics talk.

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