Mark Cuban turned 91% of his employees into millionaires when selling a company worth $5.7 billion

Mark Cuban went beyond the idea of just building his wealth from selling his companies, and shared a large part of that success with his employees.

In a previous post on the X platform, he explained that in every company sale he rewarded employees who had worked for more than a year.

He clarified that the bigger the acquisition, the greater the rewards: 300 out of 330 employees (about 91%) at Broadcast became millionaires when it was sold to Yahoo for $5.7 billion in 1999.

In the sale of MicroSolutions in 1990 for $6 million, he allocated 20% of the deal’s value to 80 employees, averaging nearly $15,000 per employee.

In his subsequent experiences, he used the same approach when selling HDNet, as well as in 2023 when he relinquished his majority stake in the Dallas Mavericks team, distributing over $35 million to former employees.

Cuban believes that those who contribute to building the company deserve a share of its success, which has been reflected in his decisions over different years #StockTradingChallengeUpTo17000U of his career.