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

Opinions expressed by Entrepreneur contributors are their own.

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

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. 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

Science & Technology

5 Automation Strategies Every Small Business Should Follow

It's time we make IT automation work for us: streamline processes, boost efficiency and drive growth with the right tools and strategy.

Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.

Business Process

How CEOs Can Take Control of Their Emails and Achieve Inbox Zero

Although there are many methodologies that leaders can use to manage their emails effectively, a consistent and thought-through process is the most effective way to systemize and respond to emails and is a step of stewardship for the effective leader.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Leadership

Visionaries or Vague Promises? Why Companies Fail Without Leaders Who See Beyond the Bottom Line

Visionary leaders turn bold ideas into lasting impact by building resilience, clarity and future-ready teams.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.