Tornado Alley (PROG)

[hap0206]

So, he banks $1.7b and pays a tax of $288m -- what a guy -- we should all be so lucky
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Cuban is worth $5.4 billion, according to an estimate by Forbes. He sold his majority stake in the Dallas Mavericks at the end of 2023, according to an NBA statement that said the sale was expected to close by Dec. 30. It’s likely the sale of his stake to gambling billionaire Miriam Adelson is the source of much of the taxes owed.

The sale of the Mavericks would generate long-term capital gains tax for Cuban, who bought the team in 2000 for $285 million. The Adelson transaction valued the franchise at $3.5 billion, with the buyers purchasing a little more than half the franchise and Cuban retaining about a quarter of the team.

https://www.sportico.com/personalities/owners/2024/mark-cuban-tax-bill-mavericks-sale-1234775359/