New Delhi, July 21 -- Noting that employee ownership should become standard practice, billionaire investor Mark Cuban said that sharing company equity with every worker-not just executives-could help reduce income inequality.

"The janitor to the CEO deserves a stake in the company they work for," Mark Cuban said, speaking on the "What It Takes" podcast hosted by Sarah McCammon and released last week, adding, "I would like to see it so that every single CEO, founder, entrepreneur does what I did, which was to give equity to every single employee."

"The way you're going to reduce income inequality for anybody who works with somebody is making sure they get shares of stock, and then they benefit."

Cuban made his fortune by co-founding Bro...