Mark Cuban once thought he’d retire by 35. Now he’s 66 and shows no sign of slowing down. “I’m just getting started,” he said recently.
He’s selling his stake in the Dallas Mavericks and leaving “Shark Tank” next year, but that doesn’t mean he’s done. Instead, he’s focused on Cost Plus Drugs, his online pharmacy.
In 2018, Alex Oshmyansky pitched him the idea for Cost Plus Drugs, and Cuban jumped in with $250,000. Since then, he’s poured in more cash and now owns the whole company.
Their model is straightforward. Buy or make drugs, add a 15% markup, and sell them at a fraction of the usual cost. It’s making money, but Cuban has promised that he is more interested in breaking the system.
He says he wants people to afford their meds without breaking the bank.
“I want people to say, ‘That guy f—ed up healthcare, so now no one’s scared of the price tag on their pills.’”
Cuban wants Gensler out
But Cuban’s a new target: Gary Gensler, the SEC Chair. Cuban isn’t happy with how Gensler’s handling things. He’s been vocal, blunt, and ready to take action.
“Head of the SEC, that’s the job I would take,” he told Fox News. Gensler’s been cracking down on crypto for four years, treating it like it’s all stocks and bonds. Cuban and a lot of others in the industry don’t agree.
Gensler’s month hasn’t been great. First, Representative Ritchie Torres from New York called him out for lumping NFTs and crypto in with traditional securities.
Then Cuban came swinging, saying he could do a better job. “You leaving is worth a point in GDP growth,” he said to Gensler on X.
The SEC has gone after Coinbase, Binance, Kraken, Consensys, and more, accusing them of breaking laws that go back almost a century.
Gensler insists crypto needs to play by his nonexistent rules. Anthony Scaramucci, another pro-crypto person who’s backing Kamala Harris, is also fed up with the SEC’s current direction.
Those supporting Donald Trump have long been over Gensler. Trump himself promised to fire Gensler on his very first day back.
