Get All Access for $5/mo

'It's Time': Mark Cuban Is Leaving 'Shark Tank' The billionaire shared the news on the "All the Smoke" podcast.

By Emily Rella

It's the end of an era for billionaire and "Shark Tank" star Mark Cuban. The Mavericks owner announced he will leave ABC's hit show after Season 16 next year.

Appearing on the "All the Smoke" podcast hosted by former NBA stars Matt Barnes and Stephen Jackson, Cuban revealed that he had one more season left in him before he departs the show for good.

Related: 'You're Not Old Until You Act Old': Mark Cuban's Advice on How to Stay Entrepreneurial Even When Considering Retiring

"This is our 15th year. Next year, our 16th year, is [going to] be my last year, so I got one more year to go," he said. "It's time."

Cuban discussed the longevity of the show and the real-life success stories that have helped entrepreneurs and their businesses flourish.

"I feel like in doing 'Shark Tank' all these years, we've trained a generation of entrepreneurs, multiple generations of entrepreneurs that if somebody can come from Iowa or Sacramento or wherever, and show up on the carpet of 'Shark Tank' and show their business and get a deal, it's going to inspire generations of kids," he said. "That's what happens, right? Now we've got people coming on [telling me] I watched you when I was 10 years old."

Related: Mark Cuban's Grocery Store Hack Will Help You Score Cheaper Produce

Cuban has been a staple on the show since 2011, though it initially premiered in August 2009. The billionaire has since invested at least 85 companies that have pitched for investments.

ABC did not immediately respond to Entrepreneur's request for comment.

Mark Cuban is also the owner and CEO of healthcare company Cost Plus Drugs and has an estimated net worth of $6.42 billion, per Bloomberg.

Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Starting a Business

I Left the Corporate World to Start a Chicken Coop Business — Here Are 3 Valuable Lessons I Learned Along the Way

Board meetings were traded for barnyards as a thriving new venture hatched.

Business News

'Passing By Wide Margins': Elon Musk Celebrates His 'Guaranteed Win' of the Highest Pay Package in U.S. Corporate History

Musk's Tesla pay package is almost 140 times higher than the annual pay of other high-performing CEOs.

Business News

Joey Chestnut Is Going From Nathan's to Netflix for a Competition 15 Years in the Making

Chestnut was banned from this year's Nathan's Hot Dog Eating Contest due to a "rival" contract. Now, he'll compete in a Netflix special instead.


Are Your Business's Local Listings Accurate and Up-to-Date? Here Are the Consequences You Could Face If Not.

Why accurate local listings are crucial for business success — and how to avoid the pitfalls of outdated information.

Money & Finance

Day Traders Often Ignore This One Topic At Their Peril

Boring things — like taxes — can sometimes be highly profitable.

Growing a Business

He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss

Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.