Would Mark Cuban Really Run for President Against Trump and Biden?

April 15, 2020 Topic: Politics Blog Brand: 2020 Election Tags: PoliticsMark CubanDonald TrumpJoe Biden

Would Mark Cuban Really Run for President Against Trump and Biden?

Would he really do it? 

With both the Republican and Democratic National Conventions set for August, and both President Donald Trump and former Vice President Joe Biden assured of their respective victories, the 2020 general election appeared set. But there remains a man who may yet be another candidate if he has the mind to: Mark Cuban.

In an interview yesterday with the larger than life billionaire, host Christ Wallace spoke with Cuban about his recent comments about harboring presidential aspirations, asking “You’re not really serious about this are you?”

“Unique circumstances. You just never know Chris,” Cuban responded. “I never would have considered this prior to a month ago but now things are changing rapidly and dramatically…I’m not saying no, but it’s not something that I’m actively pursuing. I’m just keeping the door open.”

Wallace continued to press the issue of seriousness, and Cuban was continually circumspect. “As it is today, I’d say probably not, that it’s not going to happen. But again, so much can change. You just never know,” he said. “This is not something we’ve seen before. This is obviously a unique set of circumstances and so I’m just not going to say no. You just don’t know what can happen between now and November.”

The Pittsburgh-born Cuban began his entrepreneurial career in 1980s Dallas, first by opening a business that dealt in system integration and software resells. By the 1990s his reach expanded, investing in entertainment and webcasting, including ownership of Landmark Theaters and Magnolia Pictures. Cuban’s public persona has become most associated with his ownership of the NBA team the Dallas Mavericks, and his appearances on the reality television show about investing, Shark Tank, which has won four Emmys.

An estimation by Forbes pegs Mark Cuban’s net worth at $4.3 billion. In contrast, Forbes estimates that President Donald Trump has a current net worth of $2.1 billion.

This is not the first time Cuban has teased a presidential run. He made similar comments in 2016, where he speculated that if he ran he could defeat both Trump and then-Democratic nominee Hillary Clinton. “If I was single, I’d definitely be running,” Cuban said further in 2017. He has been married to his wife Tiffany since 2002 and they have three children.

Neither would Cuban be the first billionaire to try his hand at the 2020 election. Both Tom Steyer and Michael Bloomberg ran campaigns for the Democratic nomination, neither of which was successful. Bloomberg is estimated to have spent a minimum of $500 million on his run. Howard Shultz, the CEO of Starbucks, had indicated in 2019 his intention to run as an independent, but later decided against it due to the overwhelmingly negative reaction.

The deadline to appear on the November ballot has already passed in some states and in others, it's quickly approaching. When Wallace mentioned this to Cuban, he seemed undaunted. “There’s different ways to get through those issues you mentioned,” he said.

Hunter DeRensis is a senior reporter for the National Interest. Follow him on Twitter @HunterDeRensis.