"I've watched Succession" - Shark Tank's Mark Cuban questions leaving inheritance for his kids

Shark Tank investor, Mark Cuban has always been an active parent in his children's lives and recently spoke about their future on the Your Mom's House Podcast. He is a billionaire investor and a minority owner of the Dallas Mavericks and revealed his views on inheritance.

Mark highlighted how he wishes to balance between providing for his children while also ensuring they create their paths in the future. He talked about how complex it is to transfer wealth to children and even cited the show, Succession by HBO as his tale of caution.

Cuban thinks about the long-term effects of inheritance and the kids who receive massive ones. Joking about it, Mark questioned whether one of his kids would knock him off to get it.

Turning serious in the next argument, the Shark Tank investor revealed that he and his wife often discuss inheritance and question "how much is too much" when it comes to leaving money for their kids.

At this time, Cuban says that he has structured his wealth in a way that his children will be comfortable in the future and financially secure but not excessively wealthy.

This approach is common among wealthy individuals who have often spoken about not distorting their children's life trajectories via excessive inheritances. Mentioning Succession and how the series showcased dysfunction and power struggles within a wealthy family, Mark says,

"That's scary, you know? Because I don't want—you know, I've seen, you know, I've watched Succession. I don’t want that for my kids, and I don't want it to be a battle. And that's one of the reasons I sold the Mavs."

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Shark Tank investor Mark Cuban discusses what he feels is appropriate as inheritance for his children

The Shark Tank investor, Mark Cuban, reinforced his belief that he wants to preserve family harmony over financial pressures. Talking about Succession, the series highlights the consequences of unchecked wealth and corporate inheritance.

However, the themes that are shown on TV resonate with the lives of real-life billionaires such as Fuban himself who wish to avoid similar pitfalls. He expressed his concern over the potential for internal conflict if his children were left with too much control over a vast empire and this was the reason he sold the Mavs. Talking about moderation, Mark said,

"No, it is something I think about. My wife and I talk about it all the time because how much is too much? But at the same time, you want them to be able to survive it. And so, particularly when I sold the Mavs, I kind of organized it so that they'll be okay, but not so much that they can just go buy planes and stuff."

Mark's goal is to see his children pave their path in their lives and be free of his name. He claims he wants "them to be themselves," and doesn't wish to see them as "Mark Cuban's kid for their entire lives."

The Shark Tank investor also understands that large inheritances can warp one's understanding of financial responsibility. Sharing his concern about the same, he said,

"There's an amount of money that somebody can inherit where you have distorted the path. 100%, right? Because, you know, at some level, you want them to understand the value of money and not have it just be something that's always there all the time—because why not?"

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Shark Tank season 16 episodes are released weekly on ABC at 8 PM Eastern Time on Fridays. They are later available to watch on Hulu.