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Like any true shark, Mark Cuban gets that everyone in the food chain has to eat. But he isn\u2019t looking to swim alone. While he\u2019s amassed a massive fortune as a billionaire, he also believes in sharing his wins with his employees.<\/p>\n
It\u2019s just what you should do, Cuban says. No man, or shark, is an island after all.\u00a0<\/p>\n
On Tuesday<\/a>, Cuban noted that each time he\u2019s sold a company he makes sure that he\u2019s not the only one walking away with heavy pockets. \u201cIn every business I\u2019ve sold I\u2019ve paid out bonuses to every employee that was there more than a year,\u201d he wrote.\u00a0<\/p>\n Cuban founded MicroSolutions<\/a> shortly after college, selling the consulting company in 1990<\/a> for $6 million. He shared 20% of the total sales price with the 80 employees then, he tweeted. That\u2019s equal to around $15,000 per worker if equally divided, Cuban told CNBC Make It<\/a> last year.\u00a0<\/p>\n He then moved on to what would become Broadcast.com. The company catapulted Cuban into a young billionaire<\/a>, after it went public and was bought by Yahoo<\/a> in 1999. The deal proved sweet to his staff too, as Cuban tweeted that \u201c300 out of 330 employees became millionaires.\u201d\u00a0<\/p>\n Bringing his employees up with him was the only thing that made sense to Cuban\u2014they\u2019re the ones that led to his success, after all. \u201cIt\u2019s the right thing to do. No company is built alone,\u201d Cuban told Fortune<\/em> of his motivation in giving his employees a share of the sales.\u00a0<\/p>\n Workers for HDNet, or what became AXS TV, raked in less when Cuban sold his majority stake in 2019<\/a>. \u201cHDNet wasn\u2019t as big,\u201d Cuban tweeted Tuesday, though he noted that he paid out 20% \u201cof what I got to employees.\u201d He added that layoffs were avoided after each sale except for at HDNet.\u00a0<\/p>\n Cuban upheld his ethos when selling his majority stake<\/a> in the Dallas Mavericks last year for around $2 billion,<\/a> before tax. \u201cMavs wasn\u2019t a total exit,\u201d he explained, but it resulted in a payout\u00a0of more than $35 million to employees.\u00a0<\/p>\n \u201cAs a thank you for all your hard work making the Mavs an amazing organization, each of you will be receiving a bonus from myself, and the Adelson and Dumont families,\u201d he wrote in an email at the time, according to ESPN.com<\/a>.\u00a0<\/p>\n Bonuses were calculated by how long employees had worked for the Mavs, he added.\u00a0<\/p>\n Anyone who has worked for a team, be it basketball or consulting group, knows that it\u2019s a collaborative effort that paves the way for success. Cuban seems to know as much, and doles out his bonuses accordingly.<\/p>\n<\/div>\n