Happy weekend to everyone! Billionaire Mark Cuban has spared the nation from another massive headache, announcing that he has “no plans” to run for president. Things looked touch and go all week after the presidential rumor mill started spinning in earnest after Cuban dropped some bombshells into the news cycle, first by announcing he would be leaving the start-up investment reality television show Shark Tank, and then by disclosing his plans to sell one of his biggest assets, the Dallas Mavericks, to casino billionaire Miriam Adelson.
This week marked the second time Cuban has fomented speculation about a potential presidential run—and the second time he’s let the country off the hook. In July, the investor told NBC News that “my family would disown me” if he considered running as a third-party candidate.
“I just want to have a couple summers with my teens before they go off on their own,” Cuban told The Hollywood Reporter when asked about his decision to leave the ABC hit. “Nothing to do with the show. I love it. I love being on it. I love what [it] represents and how it motivates entrepreneurs around the world.”
On Friday morning, Cuban squelched the speculation again, telling Axios’s Dan Primack that he “never plans to run for any elective office.”
It was easy to imagine that Cuban might throw his hat into the already crowded race between President Joe Biden, Donald Trump, Robert F. Kennedy Jr., Cornel West, Green Party front-runner Jill Stein, a possible No Labels candidate, and whoever emails us after this is published, angry that we left them off this list—even with less than a year on the clock until the 2024 election.
Cuban had hinted at making presidential bids in the previous two elections, though in terms of ratings he’s always fared better in venues other than presidential politics—compared to 2016 Democratic front-runner Hillary Clinton and the 2020 heated matchup between Biden and Trump, Cuban never marshaled the sort of polling numbers worth taking seriously—not that poor showings in the polls consistently dissuade everybody.
Still, the billionaire hasn’t avoided politics. At an Axios event in 2022, Cuban criticized America’s two-party system, arguing that it encourages candidates to bend to the most extreme voices in their parties. In 2015, Cuban said that he would identify as a Republican if he didn’t disagree with their stances on social issues, according to USA Today.