Shark Tank' Shark Mark Cuban Reveals His Biggest Investment Holding, It's Not Mavericks

Billionaire entrepreneur Mark Cuban has disclosed that he is a big investor in Amazon and gave insights on the stake in a media interview.

“I have close to a billion dollars in Amazon stock,” Cuban said in a Fox Business interview, and he dubbed the investment, “my biggest holding.”

Mark Cuban, 61, is famous as the owner of the National Basketball Association (NBA)'s Mavericks basketball team.

Cuban is also one of the notable shark investors at the ABC reality television series, Shark Tank.

A few months ago, Cuban told CNBC that Netflix and Amazon are his biggest holdings without revealing the size of the stake. “It’s been that way for years,” he added.

Cuban also owns a sizable stake in 2929 Entertainment and is chairman of AXS TV. Cuban’s e-book, “How to Win at the Sport of Business” is quite popular.

In late 2018, Cuban said he owns “maybe four dividend stocks, two short positions, and Netflix and Amazon."

Amazon stock shines after RBC thumbs up

Meanwhile, Amazon stock got a leg up after RBC Capital's new outlook boosted the share price target. The RBC analyst escalated the Amazon share price target to a Wall Street-high $2,600, calling it “win, win, win” and applauded Amazon’s One-Day Prime shipping initiative.

Analyst Mark Mahaney’s new price target marked a 45 percent gain from current levels.

With outstanding shares at a volume of 494.7 million as of July, Mahaney’s target will swell Amazon’s market capitalization to $1.29 trillion.

NBA investment to be made easy

Meanwhile, at the NBA news front, the National Basketball Association is mulling a new investment vehicle that could make purchase passive, minority ownership interests easier across multiple teams.

According to a Bloomberg report, NBA owners had been asked to share their interest in the matter and the initiative will be taken forward at the upcoming owners’ meetings.

Of late, many minority team owners in NBA looking to sell their stakes had faced struggle due to limited influence in team governance.

At the same time, the price of these stakes has risen significantly after the valuation of NBA teams soared.

For example, Joe Tsai, Alibaba co-founder took over the Brooklyn Nets for a whopping $2.35 billion.

Meanwhile, in terms of NBA standings, Kevin Durant and Kyrie Irving are emerging as the NBA's best duo. According to reports, the duo has become the two most polarizing stars in the game after the stints in Golden State and Boston.