A post shared on Threads claims “Shark Tank” star and billionaire investor Mark Cuban lost $1 billion after declaring his endorsement for Vice President Kamala Harris. 

 

Post by @news.us05

View on Threads

 

Verdict: False

This claim is inaccurate. It originates from a satirical account.

Fact Check:  

Cuban made an X post congratulating President-elect Donald Trump for his win over Harris in the 2024 presidential election after he won Pennsylvania, according to Fox News. “You won fair and square,” Cuban wrote in part, he also congratulated X owner Elon Musk, an outspoken Trump supporter, the outlet reported.

A Threads post purports Cuban’s net worth took a large hit after endorsing Harris. The post shows shows an image of Cuban alongside one of Harris.

The caption reads, “Mark Cuban’s Net Worth Takes a $1 Billion Hit After Controversial Endorsement: ‘Go Woke, Go Broke.’”

The post is inaccurate. There are no credible news reports to corroborate the claim. Mark Cuban has a net worth of $5.7 billion as of Nov. 7, according to Forbes. The page shows his wealth history, which lists $5.4 billion for the year of 2024, indicating that his net worth has only gone up. (RELATED: No, Kamala Harris Is Not Against Saying ‘Merry Christmas’)

The post originates from a Facebook account called SpaceX Fanclub. In the top left corner of the image is a label that says “rated satire.” The account’s bio reads, “We post SATIRE, nothing on this page is real.” 

The Threads post included a link to “read more,” which shows a Nov. 4 article from a barebones site called “Top Story 360.” This is a repost of a Nov. 2 article from Esspots labeled as satire. The site has a “disclaimer” that says it’s “a website that specializes in satire, parody, and humor.” 

It is true that Cuban has shown support for Harris in interviews and on social media, according to Newsweek.