| Name: | Marc Cuban |
| Born: | July 18, 1958 |
| Net Worth: | $4.5 billion |
| Source of Wealth: | Broadcast.com • Dallas Mavericks |
| Country: | USA |
| Wife: | Tiffany Stewart |
| Children: | Alexis Sofia Cuban, Alyssa Cuban, Jake Cuban |
| Residence: | Dallas, Texas, USA |
| Private Jet: | Gulfstream G550 (N718MC), Bombardier Global 6000 (N921MT), Boeing 757 (N801DM), Boeing 767 (N767MW) |
| Yacht: | Fountainhead |
Marc Cuban was born in July 1958. He is married to Tiffany Stewart. They have 2 daughters (Alexis Sofia and Alyssa) and a son (Jake). Cuban is known for owning the Dallas Mavericks, but he became rich in the IT industry. He is chairman of AXS TV and owns 2929 Entertainment.
Cuban started his career as a bartender and later selling software. He soon started his own software company, named MicroSolutions. In a few years, he sold the company for US$ 6 million.
Later he co-founded an Internet broadcast service named Adionet, publishing sports games audio tracks live on the Internet. Cuban invested $10,000 in exchange for 2% of the company. This company became Broadcast.com and was sold in 1999 to Yahoo for US$ 5.7 billion. He owned 25.6% of the company at that moment.
Cuban’s share in the sale was around US$ 1.4 billion. He was paid in Yahoo shares, but Cuban sold them quickly netting US 1 billion dollars in cash.
He started investing in IT startups through his company Radical Computing, Inc.
His daughter Alyssa Cuban is the founder of Alyssa’s Bakery.
With the cash from the Broadcast.com sale, Cuban bought the Dallas Mavericks for $285 million from H. Ross Perot, Jr. The Dallas Mavericks (the MAVS) are an American professional basketball team based in Dallas. The team competes in the National Basketball Association (NBA).
The team is valued by Forbes at US$ 2.3 billion.
He is one of the main investors on the ABC reality television show Shark Tank. In the series, entrepreneurs are making business presentations to a panel of five investors or “sharks,” who decide whether to invest in their company. Cuban’s top deals are Ten Thirty-One Productions, Rugged Maniac Obstacle Race, and BeatBox Beverages. He invested more than US$ 1 million in each company. He is actually one of the richest investors in the show.
His net worth is now estimated at $4.5 billion.
Mark Cuban does not own a luxury yacht, but the yacht Fountainhead is often referred to as Cuban’s yacht. Fountainhead is actually owned by Eddie Lampert.
The yacht was built at Feadship in 2011.
The superyacht can accommodate 14 guests and has a crew of 20. She is powered by 2 MTU engines, which bring her a top speed of 20 knots.
We estimate her value at $130 million, and her operation costs at US$ 10 million per year.
Her actual owner is Eddie Lampert, the founder and sole owner of the hedge fund ESL Investments. The well-known investments of Lampert are Sears Holding and Autonation (the largest U.S. retailer of new cars, trucks & SUVs). He also owns Land’s End.
His main residence is a large mansion in Dallas, Texas. He bought this home through a company named Bonnie Y LLC. The house has a large landscaped garden, a swimming pool, a tennis court, and garage facilities for multiple cars.
In 2018 he bought a beach house in Laguna Beach, California for US$ 19 million.
Cuban is the owner of 4 private jets. He uses 2 for his personal and family travels and 2 are used by the Dallas Maverick team.
He owns a 2018 Bombardier Global 6000 private jet, with registration N921MT. ‘MT’ refers to Marc and Tiffany. The ‘921’ refers to their date of marriage (September 21, 2002). A Bombardier Global 6000 has a list price of US$ 40 million.
Cuban also owns an older (2004) Gulfstream G550, with registration N718MC. The ‘MC’ is obviously his initials. ‘718’ is probably his birthday. (Other media all claim he was born on July 31, but we think this is incorrect. And that his actual birthday is July 18, 1958. The G550 has a value of around US$ 10 million.
Both his private jets are owned by a company named Radical Ventures LLC, a reference to his private equity company Radical Computing, Inc.
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