With a web value topping $three billion, Mark Cuban has revenue to spend.
Cuban turned a billionaire in 1999 when he bought his next firm, Broadcast.com, to Yahoo for $5.9 billion. Because then, the company magnate has produced several pricey purchases, which includes getting the NBA franchise the Dallas Mavericks a calendar year afterwards.
However, in a new column for Men’s Fitness, Cuban said that the smartest matter he ever used revenue on was a personal plane.
“It’s clearly brutally high-priced, but time is the a single asset we merely will not individual,” he wrote. “It saves me hrs and hrs.”
Cuban ordered his to start with jet — a Gulfstream V— in 1999 for $forty million. Because then, he’s included two more to his fleet: a Boeing 767 that he rents out and a Boeing 757, which he utilizes for the Mavs.
The “Shark Tank” star goes on to say that the most essential points in life are family, time, staying good, and avoiding tension, whilst “trying to have more than the next person” just just isn’t value it.
Even though a personal jet may possibly feel like a demonstration of opulence, to Cuban it’s not about demonstrating off his prosperity — it’s about properly making use of his time so he can attend to what issues.
“It signifies I have more hrs in my working day to spend with pals and family,” he described to the Wall Street Journal in 2010. “It signifies I can get more operate completed. It signifies I can travel comfortably with my family. It is a life- and video game-changer.”