Mark Cuban, a billionaire known for his role on Shark Tank and as the owner of the Dallas Mavericks, often jokes that he’s the “luckiest guy in the world.” But behind the luck, there’s a story of hard work, smart decisions, and a bit of boldness that has helped him build an estimated net worth of $5.7 billion, according to Forbes, and $7.6 billion per Bloomberg.
Don’t Miss:
How Did Mark Cuban Make His Money?
Mark Cuban’s journey to billionaire status began with a series of smart investments and business ventures. One of his early successes was selling a software company called MicroSolutions for $6 million in 1990. But his big break came in 1999 when he cofounded Broadcast.com, an audio streaming service. He sold the company to Yahoo for a staggering $5.7 billion in stock, making 300 out of 330 of his employees millionaires.
Cuban didn’t stop there. He quickly cashed out his Yahoo stock, anticipating the dot-com bubble burst, which saved him from massive losses. Since then, he has continued to invest in many different businesses, from the Dallas Mavericks to pharmaceutical startups, and has become a household name as a judge on Shark Tank.
What Does Mark Cuban Own?
Cuban’s wealth has allowed him to indulge in some serious luxuries.
Private Jets
Cuban owns not just one but two private jets. The first is a Gulfstream G550, which he bought for $40 million, earning him a spot in the Guinness Book of World Records for the largest e-commerce transaction. The second is a Boeing 757-200, which he purchased for $36 million. This jet is customized for the Dallas Mavericks, featuring a weight room and medical facilities tailored for the team’s needs.
Read Next:
Cuban recently sold most of his Mavericks’ stake but still owns 27% of the NBA team.
Dallas Mansion
Cuban’s main home is a huge mansion in Dallas’s upscale Preston Hollow neighborhood. The estate spans seven acres and includes over 23,000 square feet of living space, featuring a swimming pool, basketball and tennis courts, and a guesthouse.
How Much Does Mark Cuban Earn?
Cuban makes money from several successful ventures, including his newest startup, Mark Cuban Cost Plus Drug Co., which helps make prescription drugs more affordable. The company gained 1.5 million customers in its first year and is expected to start making a profit in 2023. He also invested in media companies like Magnolia Pictures and AXS TV, and in around 85 startups, many discovered through his role on Shark Tank.
Why Does He Call Himself the Luckiest Guy in the World?
Despite all his achievements, Cuban often reflects on how fortunate he feels. He credits much of his success to good timing and being brave enough to take big risks, but he also knows that his hard work and smart decisions have been just as important. As he puts it, “Look, somebody had to be the luckiest guy in the world.”
Trending:
“ACTIVE INVESTORS’ SECRET WEAPON” Supercharge Your Stock Market Game with the #1 “news & everything else” trading tool: Benzinga Pro – Click here to start Your 14-Day Trial Now!
Get the latest stock analysis from Benzinga?
This article The Luckiest Guy In The World?’ Mark Cuban Net Worth 2024: How Much Does He Earn? What Does He Own? originally appeared on Benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
