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Mark Cuban of 'Shark Tank' to start Indianapolis 500 car race

Mark Cuban went to college in Indiana over 30 years ago. Now, Mark Cuban returns to wave the green flag at one of the world's greatest motorsports events.

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Dallas Mavericks owner Mark Cuban sits on the team's bench prior to Game 5 of the opening-round NBA basketball playoff series against the San Antonio Spurs, Wednesday, April 30, 2014, in San Antonio.

Eric Gay/AP

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Dallas Mavericks owner and "Shark Tank" reality star Mark Cuban will serve as the honorary starter of this year's Indianapolis 500.

The Indianapolis Motor Speedway announced Monday that Cuban will wave the green flag to start the field of 33 drivers at the 98th running of the race on Sunday.

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The 55-year-old Cuban is a graduate of Indiana University and has owned the Mavericks since 2000. He joined ABC's "Shark Tank" in 2010. Cuban says he's excited to return to Indiana to participate in the race.