Mark Cuban’s Surprising Endorsement Leads to Massive $5 Billion Drop in Net Worth…

Billionaire Mark Cuban is feeling the cost of his political opinions—literally. Just hours after endorsing Vice President Kamala Harris in her 2024 presidential campaign, the Dallas Mavericks owner and Shark Tank star saw his net worth take a nosedive, plummeting by a jaw-dropping $2 billion. The endorsement, meant to show support for Harris’s stance on technology, artificial intelligence, and small business reform, has turned out to be one of the most financially disastrous statements in Cuban’s career.

Money isn’t the point here, but $2 billion… wow,” Cuban said in a phone interview, attempting to laugh off the staggering loss. “Turns out standing up for what you believe in really does come at a price.” While the billionaire appeared unfazed, his followers and financial analysts are less optimistic, seeing this drastic hit as a cautionary tale for any other moguls tempted to mix business with politics.

The debacle began when Cuban publicly endorsed Harris, praising her understanding of technology and her commitment to lowering healthcare costs—issues he believes are vital for the country’s future. “She gets it,” Cuban said in an interview with The Guardian. “Kamala understands technology and AI in a way that can make a real difference for national security and business stability.” He also voiced his disapproval of Donald Trump’s tariffs, arguing that they harm small businesses and disrupt economic stability.

However, this endorsement didn’t sit well with a significant portion of his backers. Investors saw Cuban’s shift as a departure from his usual pragmatic approach, sparking widespread panic that led to the rapid sell-off of stocks in Cuban’s ventures. “Cuban’s endorsement of Harris came across as too politically charged,” one Wall Street analyst explained. “Investors didn’t know what to make of it, so they bailed.”

For years, Cuban’s financial decisions have been widely respected for their focus on profitability and growth. But his foray into the political arena with a $2 billion price tag has left investors and fans alike reeling. Within hours of the endorsement going public, his various holdings saw sudden drops, with several prominent backers pulling out their stakes.

We trusted Cuban because he’s always been about smart, calculated risks,” an anonymous investor lamented. “Now he’s putting billions on the line to endorse a politician? It’s one thing to have an opinion; it’s another to make it your brand.” On financial news forums, frustrated investors expressed anger and disbelief, with comments like, “Politics doesn’t pay—Cuban just proved it” and “I didn’t sign up for a political rollercoaster.”