Billionaire Shark Tank investor Mark Cuban said his low-cost drug company, Cost Plus Drugs, is bringing in "really good" revenue this year during an appearance at Dreamforce in San Francisco, adding that he declined an early investment offer from Salesforce CEO Marc Benioff.
Cuban launched Cost Plus Drug in 2022 as way to sell generic prescription drugs with minimal profit margins and low fees, and the pricing strategy seems to be paying off.
The business mogul isn't disclosing the company's exact revenue but said that Cost Plus Drugs would pull in more than $100 million in revenue this year after Benioff pressed him for details about the company during an onstage conversation at Dreamforce on Thursday.
"We launched with 111 products. Now we're up to 2,500, and it's only been two and a half years. Now we have millions of customers who are shipping millions of scripts," Cuban said.
"What is the revenue this year?" Benioff asked.
"I'm not gonna tell you," Cuban said, but "It's really good."
The billionaires also shared that Benioff had offered to make a $10 million investment in Cost Plus Drugs during the company's early days, but Cuban declined to take his money.
"It was two years ago. I'm like, this is a winning thought," Benioff said. "I remember it really clearly because not too many people go, 'No, I will not take this money.'"
Benioff and Cuban didn't wade into politics during their 45-minute conversation, but Cuban typically isn't shy about his personal views.
He briefly flirted with the possibility of working with a Donald Trump administration but ultimately backed Hillary Clinton in 2016, the Texas Tribune reported at the time.
Earlier this month, Cuban endorsed Democratic presidential nominee Kamala Harris, CBS News reported. Cuban also revealed in a recent interview with Wired that he isn't interested in running for any political office.
"No, hell no," he told Wired.
But there are two companies on his wish list that he would buy, if he could: Fox News and Twitter, which Elon Musk rebranded to X after he bought the site for $44 billion in 2022.
"If I had enough money to do it, which I don’t, I’d buy (Fox News) in a heartbeat," Cuban told Wired, in an attempt to change the network's role as a right-wing mouthpiece.
Under different circumstances, Cuban would also consider buying Twitter from Musk.
"I wish I could. There’s no reason for him to sell it," Cuban said.
