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FOUNTAINHEAD Yacht – Majestic $130M Superyacht

She was delivered in 2011 from Feadship featuring an interior design from Sinot Yacht Design and Axel Vervoodt.

She features naval architecture by De Voogt Naval Architects. There are not many details known about the interior or amenities of the impressively sized yacht, but she is a close match to her near sister ship MUSASHI, which also features design from Sinot Yacht Design.

The incredible vessel turns heads on the water for her striking good looks and sheer size on the water.

FOUNTAINHEAD yacht interior

The interior of the FOUNTAINHEAD Yacht is designed by Sinot Yacht Design and Axel Vervoodt . She can comfortably accommodate 14 guests in 7 suites.

Although she is a famous superyacht, very few details are known about her interior, and there are no known interior images.

She closely resembles her near sister ship MUSASHI, owned by Larry Ellison, who also features interior design from Sinot with a minimalistic interior style and hints of art deco.

Sander Sinot has a background in industrial design and understands how to bring together amazing design elements down to every detail on the vessel.

FOUNTAINHEAD was designed to offer a family home on the water with an inviting interior, gym, contraflow swimming pool, and plenty of water toys and tenders for guests to enjoy a fun time.

The FOUNTAINHEAD yacht features exterior design and naval architecture by De Voogt Naval Architects .

She was built by Feadship and delivered from their Koninklijke De Vries shipyard at Makkumin in 2011.

She is an XL Feadship Superyacht and was one of the largest models the shipyard produced in 2011.

She has a steel hull, and aluminum superstructure all in white and teak decks. The exterior is defined by window panels all around the yacht.

Specifications

The FOUNTAINHEAD yacht is an 87.78m yacht with a 13.9m beam and a 4.1m draft. The vessel can reach a top speed of 21 knots, with her 2 MTU engines maintaining a cruising speed of 15 knots.

FOUNTAINHEAD has a displacement of 2463 gross tons and an estimated range of 6000 nautical miles.

She is valued at approximately $130 million with an annual running cost of $10 – $13 million. The vessel is built to Lloyds Register Classification Society Rules.

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The 288-foot 'Fountainhead' is by the Epic Hotel

Fountainhead via instagram/jeffjy23 The 288-foot superyacht many thought belonged to Dallas Mavericks owner and Shark Tank star Mark Cuban is currently docked outside the Epic Hotel in Downtown Miami.

Built in 2011, the 'Fountainhead' is no stranger to the Epic, having been spotted there in the past in addition to the large slip a few blocks north at Museum Park. It's the 62nd largest yacht on the planet and in the same slot previously occupied by the $200-million Kismet , which is owned by Jacksonville Jaguars owner Shahid Khan.

The massive vessel is often mistakingly connected to Cuban but it actually  belongs to Sears CEO Eddie Lampert .

“The guy who owns the boat tells everyone that it’s mine,” Cuban told Page Six this week. “It’s so crazy . . . I don’t even own a boat.”

A photo posted by Johnny Barros (@johnnybarros) on Feb 5, 2016 at 1:34pm PST

A photo posted by Yacht Controller (@yacht.com.co) on Aug 26, 2015 at 7:22am PDT

A photo posted by @ruizjeremiah on Aug 30, 2015 at 9:27am PDT

A photo posted by SN (@stephen_n_miami) on Aug 25, 2015 at 4:24pm PDT

A photo posted by Joe (@jdrifts) on Aug 16, 2015 at 8:22am PDT

· Yacht Watch [Curbed Miami] · Mark Cuban's Yacht Calls Downtown Miami Home [TNM] · Top 200 Largest Superyachts [Boat International]

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Mark Cuban’s 288-Foot Yacht Fountainhead

Osa estimated that it was 250 feet long. While we were gawking, a guy rolled up and started doing some searches on his smartphone. “It’s 88 meters long,” he said. “That’s about 270 feet (288.713911, to be exact). Mark Cuban owns it. He and Mark Ellison of Oracle fame bought twin yachts from the Dutch luxury yacht company, Feadship, at the same time.” Ain’t the Internet wonderful?

Mark Ellison downsized his yacht

The sister to this ship is a downsized version of Mark Ellison’s previous yacht, the Associated Press reported it was 452 feet long, was five stories tall, had 82 rooms, “a wine cellar the size of most beach bungalows, a dozen yacht-length tenders, and a generator capable of providing enough electricity for a small town in Idaho or Maine… Final cost: $377 million.” He got rid of the larger yacht because he didn’t travel with that many people and it was hard to find mooring for something that big.

How do you afford a yacht like this?

In 1995, Cuban and fellow Indiana University alumnus Todd Wagner started Audionet, combining their mutual interest in college basketball and webcasting. With a single server and an ISDN line, Audionet became Broadcast.com in 1998. By 1999, Broadcast.com had grown to 330 employees and $13.5 million in revenue for the second quarter.In 1999, during the dot com boom, Broadcast.com was acquired by Yahoo! for $5.9 billion in Yahoo! stock.

After the sale, Cuban diversified his wealth to avoid exposure to a market crash. As of 2011, Cuban is No.459 on Forbes’ “World’s Richest People” list, with a net worth of $2.5 billion. The Guinness Book of Records credits Cuban with the “largest single e-commerce transaction,” after paying $40 million for his Gulfstream V jet in October 1999 .

What was that strike thing all about?

I’m sure some of you were wondering what that strike thing was all about yesterday. Thousands of websites, some as large as Wikipedia , others as small as my two blogs, went dark for 24 hours to protest two bills that are making their way through Congress. They are ostensibly to stop Internet piracy, but have the potential of crippling the Internet as we know it today.

I’ve experienced the chilling effect of what’s already on the books. I posted a video of a night lightning with a public domain audio of Beethoven’s Fifth playing in the background.

YouTube sent me a notice that they had removed the audio because of copyright concerns. It took 24 hours to get it back up after I provided evidence that the performance was in the public domain. Guilty until proven innocent.

Under the new laws, my whole site could have been taken down and I could have been subject to fines and jail had I been found to have been using copyrighted material. I have a video on my bike blog where I’m passing a slower rider. You can hear my MP3 player in the background. Conceivably, that could be a violation of the law.

If you don’t think they’ll fool with “the little guy,” consider this: we didn’t invade Russia nor China; we went after Granada.

7 Replies to “Mark Cuban’s 288-Foot Yacht Fountainhead”

Whats more impressive is that, between 1999 and 2012, Cuban lost $3.4B and he is still on the World’s Richest list.

I guess I should quit complaining about the hit my 401K took.

Wow, your trips are amazing!!!

Isn’t it Larry, not Mark, Ellison?

Congrats on the photos.

I once did the division on Bill Gates’ fortune and figured he could afford three Nimitz class aircraft carriers, including the planes, if he wanted a private Navy.

If I had the money, I’d just buy the Oasis of the Seas and convert one of the smaller decks into my private quarters. That way, the thing would pay for itself and I could take an unlimited number of friends for out sailing.

I always knew he had private plane but this “boat” is even more impressive!

Gotta love a guy who names his megayacht after Ayn Rand’s “masterpiece.” Gah. I know I can’t say here the word I’m thinking of, but it rhymes with “splooshrag.”

I am closing this post to comments because it has become popular with spammers.

Comments are closed.

Alot Living > Entertainment

The Most Expensive Celebrity Private Jets and Yachts, Ranked

Since the beginning, the lavishly wealthy have been flaunting and showing off their gains through incredibly flashy (and downright ridiculous) possessions. In the days of billionaires and the 1%, we’ve gotten to see just what all that money can get you. One popular way for the wealthy to show off is through absurd and unconventional transportation, like jets and yachts. 

Firstly, it’s a statement for someone to own a jet or yacht to begin with, let alone one so expensive that it makes other billionaires jealous! These elite jets and yachts come with cutting-edge technology and features, and just like most things - the more expensive it gets, the better it gets! 

Some of these jets and yachts look like they’re straight out of a James Bond movie! We’re taking a look at the most expensive celebrity private jets and yachts and dreaming about what it’s like to live on the other side. If you like getting a glimpse into the good life, or are a fan of luxury cars, boats, and planes, check out the article that we picked just for you at the end of this one. In the meantime, get your sea legs and lower your trays.

Angelina Jolie - Cirrus SR22 - $650K

Acclaimed actress Angelina Jolie is the proud owner of the Cirrus SR22, but this airplane is not even large enough to accommodate all of her children. And if her being beautiful and talented wasn’t impressive enough, she can in fact fly a plane too, as she is a fully licensed pilot!

The SR22 features:

• High powered USB ports
• Premium leather seats
• Remote keyless entry
• Cirrus IQ smart connectivity

The Cirrus SR22 can carry four to five passengers, providing air conditioning and built-in oxygen to passengers. A keyless baggage door can be unlocked with the push of a button. The interior is also fully customizable!

(Images via Reddit ; Wikipedia )

Elvis Presley - Convair 880 - $3 Million

The King of Rock n Roll, Elvis Presley, of course, had his own private jet named after his daughter, Lisa Marie. How would he attend all those performances and travel all over the world? At the time, the plane was purchased for $600,000 but it is now worth an estimated $3 million. Elvis is dead of course, and not using it anymore.

This plane features:

• Gold Plated bathrooms
• Expertly designed interior
• Conference room
• Private bedroom with library

Constructed by the Convair division of General Dynamics, it was originally designed to compete with planes like the Boeing 707. It was purchased back in April 17, 1975. The plane is now on display at Graceland.

(Images via YouTube ; Mick Hutson/Redferns/Getty Images)

Jamie Foxx And Katie Holmes - Utopia III - $7 Million

Jamie Foxx and Katie Holmes were previously in a relationship but they have since broken up and moved on. The actress and comedian/actor were seen in the Utopia III super-sized yacht worth an estimated $7 million. Spotted by paparazzi off the coast of Miami, these celebrities were not afraid of flaunting their wealth.

The Utopia III features:

• Tender and waverunner
• Barbecue area
• Satellite communications
• Five staterooms

The ginormous yacht requires a nine-person crew to run it and has guest accommodations for up to 10 in the five staterooms on board. While the ship requires a hefty crew to run it, we’re sure these two celebrities had no trouble affording that.

(Images via YouTube ; Kevin Mazur/MG19/Getty Images for The Met Museum/Vogue)

Harrison Ford - Cessna 680 Sovereign - $18 Million

Harrison Ford's pilot’s license is no secret as he’s talked about it many times before. Indeed, he’s like Han Solo in real life, but except for smuggling, he’s an actor. All those big action films he’s been in over the years, from Star Wars to Air Force One – they’ve really paid off - to the point where he can afford his own private jet.

• Seats a maximum of 11 passengers
• A large luggage area
• Luxurious Leather seats
• Wireless cabin management system with internet

The Cessna 680 Sovereign is just one of eight planes that belong to Mr. Ford. This luxurious jet is undoubtedly one of his more expensive ones. It’s also worth noting that Harrison Ford is no stranger to accidents in these things but hopefully he stays safe and has insurance.

(Images via YouTube ; Wikipedia )

John Travolta - Boeing 707-138 - $20 Million

John Travolta gets around in style. He starred in hit movies like Grease and Hairspray . When he’s not acting, he spends his time sharpening his pilot skills! As an aviation enthusiast, he owns five planes. Including three Gulfstream jets, one Boeing 707-138 and one Learjet. Wouldn’t it be nice to take your pick of which jet to take that day? 

Out of his five planes, John’s Boeing 707-138 is the nicest and most expensive. His Boeing is valued at around $20 million, and it includes many custom upgrades that he’s installed to suit his travel needs. His jet comes with: 

• A Full-Sized Bathroom
• Two Private Bedrooms
• The Capability of Flying 15 Comfortably

Bono - Kingdom Come - $22 Million

Bono is the lead singer and songwriter for the hit Irish band U2 which rose to prominence in the ‘80s and is one of the few bands from that time that has managed to stay relevant today. With a net worth of around $700 million, it’s no surprise he’s got the cash for a yacht named Kingdom Come.

This luxurious yacht features:

• A master suite
• Marble bathroom
• Gold-plated furnishings

The 198-foot-long yacht may look just like a big boat, but it has the look of a luxury hotel on the inside, and a huge deck for mingling outdoors.  Built by Feadship in 1979, it’s one of the largest yachts at sea.

Dolce and Gabbana - Regina d’Italia - $30 Million

Dolce and Gabbana are some of the biggest names in fashion, and as such, they have one of the most fashionable yachts sailing the seven seas. Their ultra-high end yacht is one of the most expensive in the world. This Italian duo is known for their lavish parties on board the yacht, and we can see why. 

Regina d’Italia is made of the finest materials and features: 

• 51 meters of pure luxury
• Several water slides
• An infinity pool
• The largest jacuzzi possible

The boat is well equipped for entertaining some of the most beautiful people in the world and it makes our list with a price tag of a staggering $30 million. 

Jackie Chan - Embracer Legacy 650 - $30 Million

Jackie Chan is one of the most iconic martial artists of all time, so it’s no wonder he’s got a private jet fit for a legend. Jackie Chan has been in Hollywood since the early ‘90s, so he’s had plenty of time to save up for the hefty price tag on his jet. We wonder if he had any idea at the beginning of his career that he’d have his own plane one day. 

Jacki Chan’s Embracer Legacy 650 is a giant plane. It’s so large that it is broken into three sectors. His jet comes with: 

• An area for work and business
• An area for a little rest and relaxation
• An entertainment area
• A painted dragon on the side

The plane also comes with its own Wi-Fi on board, so you could practically live on this plane if you wanted to! That’s what $30 million will buy you. 

Nicole Kidman - Hokulani - $30 Million

Nicole Kidman is one of the Hollywood legends of our time. She’s found plenty of success throughout her career in acting and she has this stunning yacht to show for it. She’s been acting for over two decades, and with several Emmys and Golden Globes, she’s relaxing on the deck of her stunning yacht named Hokulani. 

Hokulani is a custom-made yacht that was built to spec for Nicole’s taste for the finer things. This yacht features: 

• A large swimming platform
• A centralized entertainment system
• Enough room to entertain as many as 20 guests. 

All her hard work in Hollywood has definitely paid off, it seems!

Arnold Schwarzenegger - Gulfstream III - $35 Million

Arnold Schwarzenegger may have big gains but he’s quite happy with a small private jet. He’s an owner of a Gulfstream III, worth an estimated $35 million. It’s plenty comfortable for 12 passengers, although it can seat up to 19 with the maximum configuration. It can also hold up to 22 smaller luggage bags.

• A kitchen with food preparation area
• Not much else

The former California governor and action film star acquired the plane in 2011. The plane does require two to three crew members to operate. Arnold’s plane is just one of eight variations available for the Gulfstream III. In this case, Arnold basically had the plane stripped down to only the bare necessities.

Tom Cruise - Gulfstream IV - $36 Million

Tom Cruise also owns a Gulfstream IV private jet, similar to one owned by Justin Bieber. Of course, a star as big as Tom Cruise would have his own plane and this jet serves him just fine, jumping from one premiere to the next. It accommodates 19 passengers and requires a crew of just two.

• Baggage compartment that can hold up to 24 bags
• Luxury seating
• A spacious interior
• Multiple bathrooms
• DVD entertainment system

The Gulfstream IV first took off in 1985 and was introduced in 1987. The plane offers great speed and range, making it ideal for a busy celebrity like Mr. Cruise.

Jay Z. - Bombardier Challenger 850 Learjet - $40 Million

Celebrity power couple Jay-Z and Beyonce Knowles have been living the life of the rich and famous since the early 2000s. They’re #couplesgoals with their state-of-the-art Bombardier Challenger 850 Learjet as they jet set with their daughter, Blue Ivy, across the globe on lavish vacations and business trips. 

The couple's Bombardier Challenger 850 Learjet comes equipped with: 

• A Living Room Decked Out in Leather
• A Full Kitchen
• Two Bathrooms

This gorgeous jet was purchased by superstar Beyonce for her husband as a gift out of love. She’s one of the richest celebrities in the world, so she can afford such outrageous gifts for her family. However, we’re pretty sure this goes down as one of the nicest fights of all time. 

Taylor Swift - Dassault Falcon 900 - $40 Million

Taylor Swift’s Dassault Falcon 900 is a Gulfstream private jet that is well-suited for one the 21 st century’s most popular singers. With a career as strong as hers, there’s no doubt she can afford this lane worth $40 million. She previously owned another jet, the Falcon 50, but ended up selling it.

The Falcon 900 features:

• Fold-out tables
• FalconEye terrain mapping and low-light cameras
• A stylish cabin
• Separated rooms
• Food preparation area

The main difference between this jet and the Falcon 50 mostly has to do with the size. This one offers plenty of space for passengers and plenty of room for all of her partying needs at 30,000 feet. It has room for 19 passengers and holds up to 18 bags.

Michael Jordan - Mr. Terrible - $47 Million

Former NBA player Michael Jordan has a net worth of over $1 billion. In addition to a gigantic mansion and several private jets, he has this luxurious yacht he took to naming Mr. Terrible. But make no mistake, there’s nothing terrible about this luxury boat with a speed of up to 24 knots.

The yacht features:

• An underwater camera
• Indoor and outdoor dining rooms
• Art Deco design

Mr. Terrible is a luxury yacht that’s a dream come true for tropical island hoppers. It is decorated with a tropical-themed interior and chandeliers in the dining room. The yacht can accommodate 12 guests but also requires a 7-person professional crew to operate it.

Celine Dion - Bombardier BD-700 Express - $48 Million

Celine Dion is arguably one of the most famous singers of our generation, and as such, she’s been able to afford a rather nice Bombardier BD-700 Express. Her private jet is very similar to Oprah’s, but she’s chosen the options that best suit her air-travel needs. As one should when they’re picking their private jet!

Her jet comes with the following: 

• A Living Area
• A Flight Crew
• Two Flight Attendants
• Two Private Bathrooms

Along with countless other high-end amenities, this jet is sure to wow any of the 18 guests she can fit. With as much air travel that these celebs undertake, it’s no wonder they splurge on such expensive rides. Celine’s Bombardier BD-700 Express cost her over $48 million. 

Oprah - Bombardier Global Express XRS - $52 Million

The queen of talk shows, Oprah Winfrey, only travels in style . She started from essentially nothing and built a career that’s earned her the title as one of the most successful businesswomen in history. All her hard work and time spent on television earned her some major checks, because she bought a pretty amazing private jet. 

Oprah’s Bombardier Global Express XRS is one of the world’s most expensive, and exclusive, private jets. This jet has some pretty amazing features including: 

• Reaching an Altitude of 51,000 Feet. 
• Can Accommodate 10 People
• One of the Most Upgraded and Upscale Planes Ever Built

Oprah’s plane definitely makes a statement. And you know what? She deserves it! You go Oprah!

Jim Carrey - Gulfstream V - $59 Million

Jim Carrey was one of the biggest names in Hollywood in the late ‘90s and early 2000s. He captured the world’s attention through his hilarious comedy roles and made a fortune for making us all laugh. His years in Hollywood definitely have paid off because he owns one of the most expensive private jets in the world. 

Jim Carrey’s private jet is a highly exclusive Gulfstream V. His private jet is:

• The Fastest Jet in Its Class
• Able to Carry 16 Passengers Comfortably
• Available to Charter for $8,000 per Hour

With the Gulfstream’s lavish upscale amenities, it’s one of the nicest jets in the world. He had no problem splurging on this nearly $60 million plane. 

Justin Bieber - Gulfstream G4 - $60 Million

Justin Bieber’s aerial chariot is the Gulfstream G4, a private jet with exceptional range and speed. It has undoubtedly helped Justin Bieber get where he needs to go but it’s certainly quite an investment for such a young man to make early on in his career considering the maintenance and upkeep costs.

• A spacious cabin
• Baggage and storage access in-flight
• Boasts a luxury interior

At the time of his purchase, Bieber was worth about $200 million, so it certainly caused a dent in his finances, and whether he still owns the plane now is up in the air. The plane can seat up to 18 passengers.

Simon Cowell - Gulfstream G550 - $61.5 Million

Simon Cowell owns the Gulfstream G550 which costs an estimated $61.5 million. The X-Factor creator and American Idol judge is living it up at 30,000 feet it seems on his private jet with plenty of amenities. This model is no longer available as production ceased in 2021, so if you were thinking of getting your own, sorry.

This private jet features:

• Gulfstream PlaneView
• Wireless network and satellite communication
• Heads-up display
• Smartphone controlled cabin settings

The G550 can accommodate up to 19 passengers, with room for up to eight passengers to sleep. The plane features large oval windows so passengers can look outside and enjoy some natural light.

P Diddy - The Majraya - $65 Million

Sean Combs, also known as P Diddy, has always been known to be a little...extra. His $65 million yacht is no exception to the rule. This yacht is definitely a statement piece that anyone would be proud of--anywhere he goes people are sure to know that Diddy is in town... Or Puff Daddy, or Puffy, and maybe Sean. 

Whatever he’s going by these days doesn’t really matter when you’re sitting on the deck of this gorgeous yacht, the Maraya. The Maraya features: 

• 10 Staff members onboard the ship
• It’s own performance stage
• A party floor

If you ask us, we want to go on Diddy’s yacht! Can we catch a ride? 

Dwayne “The Rock” Johnson - Gulfstream G650 - $65 Million

The Gulfstream G650 is the trophy Dwayne Johnson has long deserved as one of the hardest-working stars in Hollywood. The man started out with nothing – he was in bankruptcy – and ended up becoming one of the highest paid actors in Hollywood with a net worth of about $800 million.

The Gulfstream G650 features:

• A quiet four-zone cabin
• Private entertainment area with flatscreen TV
• Reclining custom ottoman
• Luxury seating and carpeting

The Rock purchased this plane for $65 million, an amount he can certainly afford. This luxurious plane most assuredly serves him well getting him to wherever he needs to go, in style!

Johnny Depp - Vajoliroja - $70 Million

We just think it’s a little funny that Johnny Depp’s yacht kind of looks like a modern-day pirate ship! He’s one of the most successful and famous pirates of all time, Captain Jack Sparrow, so it makes sense that his luxury yacht should have a little "shiver me timbers" flare. Depp’s private yacht, named Vajoliroja, is a stunning ship that pays respects to vessels before. 

This gorgeous yacht got its unique name by blending Depp’s name with his former girlfriend’s name and their two children’s. Vajoliroja is 156 feet long and comes with state-of-the-art communications and entertainment systems. Later, this yacht was renamed Amphitrite and was sold to author J.K. Rowling.

Matthew McConaughey – Bombardier Global 7000 - $72.8 Million

Matthew McConaughey is a known travel enthusiast and a man that loves to enjoy life. Since his breakthrough role in Dazed and Confused, he’s been a huge Hollywood star, raking in millions of dollars, enough to afford planes like this one, the Bombardier Global 7000.

• A master suite with a private bathroom
• A full kitchen
• Foldable tables
• Wall-mounted entertainment screens
• Fiber optic internet

The Bombardier Global 7000 was purchased by the Oscar-winning actor for an estimated $72.8 million. It is one of the largest private jets in existence which you can probably tell from all the amenities loaded on this plane.

Giorgio Armani - Main -$76 Million

Luxury designer Giorgio Armani has solidified his name in the luxury goods sector for decades. His net worth is approaching $10 billion, so one would expect him to put that money to good use. One thing is for sure, he’s not going to spend it on anything less than the top-notch design and tech available across the world...and that’s just what he did. 

Armani’s private yacht, Main, is worth over $76 million, and it has set sail on some of the water in the most desirable destinations in the world. Main comes with: 

• Luxury design
• Its own cinema
• A custom spiral staircase

The ship’s beautiful design lets you know that Armani had his hands in the development process. It’s truly remarkable. 

Lady Gaga - Boeing 757 - $80 Million

Singer and now actress Lady Gaga is a best-selling artist with over 322 million records sold, so she of course has the money to buy her own private jet, getting her from one concert or premiere to the next. The Boeing 757 is estimated to have cost her $80 million.

The commercial jet features:

• Luxury seats
• In-flight entertainment
• Allows for many passengers

Lady Gaga’s 757 is available for wherever she needs to go on a moment’s notice.  It’s only fitting that a star as big as Lady Gaga have a commercial-sized jet for her own purposes. Good thing she’s got enough room for her crew.

Kirsty Bertarelli - Vava II - $130 Million

Kirsty Bertarelli is a songwriter and former Miss UK, as well as the former wife of Italian-born Swiss billionaire Ernesto Bertarelli. And since her husband is one of the wealthiest men in the UK, as his wife, Kirsty is, by extent, one of the richest women in the UK. They are the owners of the Vava II.

The Vava II yacht features:

• Swimming pool
• Helicopter pad designed for Airbus H145 helicopter
• Onboard beauty salon
• Luxury suites

This 97-meter yacht was commissioned by Ernesto Bertarelli in 2007 and was completed in 2012. At the time it was said to be the largest super-yacht in existence. Its maximum speed is 19 knots and it has a range of 4,500nm.

Mark Cuban - Boeing 767-277 - $144.1 Million

Business mogul and television show host of Shark Tank, Mark Cuban, is known for his many successful business ventures and investments. His smart business sense must have paid off because his private Boeing 767-277 is one of the most lavish private jets in the skies. Maybe he even flies around with his own basketball team, the Dallas Mavericks. 

Cuban purchased his jet online, which was the largest online transaction in the world in 1999. This Boeing 767-277 cost Mark over $144.1 million dollars. The jet features extra-large seating to fit his basketball team comfortably. He continues to make modifications and improvements to the jet to make it perfect for him. 

Roman Abramovich - Eclipse - $500 Million

If you’re not familiar with prestigious investment firms, or Russian billionaires, then you probably have no clue who Roman Abramovish is. We’ll break it down for you. He is a Russian-Israeli billionaire businessman and politician who has dominated the investment sector with his privately owned company, Millhouse LLC. and Premier League football club, Chelsea F.C.

Roman has amassed a massive fortune and has sunk quite a bit of it into this mega-yacht. Eclipse is one of the largest privately-owned yachts in the world, and it features: 

• Two helipads
• Two swimming pools
• A disco hall
• One mini-submarine

That’s what $500 million dollars buys you--533 feet of pure luxury. 

Steven Spielberg - The Seven Seas - $200 Million

Steven Spielberg is a very successful American film director, producer, and screenwriter. With decades of success under his belt, he’s able to afford a mega-yacht that has a price tag of over $200 million dollars. Spielberg’s mega-yacht, Seven Seas, was constructed by the Dutch ship building company, Oceano. 

Seven Seas features: 

• 282 feet of ultra-luxury
• A fully equipped gym
• Two cinemas
• A spa & massage room

This yacht was finished in 2010, and now it is one of the most expensive yachts to charter, with a cost of over $1 million dollars a week for you and 12 friends to sail the Caribbean. 

Bill Gates - Sinot Aqua - $644 Million

You know how rumors are, they start as one thing and become something ridiculous after a few retellings. Well, the infamous mega-yacht, Sinot Aqua, is a rumor that got big… like really big (and expensive). Rumor had it that Bill Gates was purchasing a state-of-the-art mega-yacht that runs solely on liquid hydrogen. 

This $644 million-dollar mega-yacht features:

• An indoor health and wellness center
• Hydro-massage rooms
• A yoga studio

The Sinot Aqua is designed to host 14 guests and 31 Crew members in four staterooms, two Japanese-styled VIP cabins, one owner’s pavilion, 14 double crew cabins, two officer cabins, and one captain’s cabin. Too bad Bill didn’t actually buy it!

American singer and Grammy-winner Usher has been known to rent superyachts for exclusive celebrity parties, including one where a member of the boat's crew died while scuba diving. However, he also owns one of his own.

This 154ft superyacht, fittingly named the  Usher , has everything you could want in a superyacht, including a luxurious cabin, a sleek design, and a wraparound deck you can stand on in your all white three piece suit and fedora. (You know, traditional sailing attire.)

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10 Things You Didn’t Know about Mark Cuban

Mark Cuban is best known as the outspoken owner of the Dallas Mavericks and a shrewd investor on the hit TV show “Shark Tank.” However, there is much more to this dynamic businessperson than meets the eye. From his humble beginnings to his surprising hobbies and lesser-known ventures, this article unveils ten intriguing facts about Mark Cuban that may surprise even his most ardent fans.

Early Entrepreneurial Spirit: Selling Garbage Bags at Twelve

Mark Cuban’s entrepreneurial journey began at the age of twelve when he sold garbage bags door-to-door in his Pittsburgh neighborhood. This early venture was driven by his desire to buy a pair of expensive basketball shoes, which his father refused to purchase. This experience sparked his passion for business and sales, setting the stage for his future successes.

A Brush with Disco: Teaching Disco Dancing Lessons

During his time at Indiana University, Cuban paid for his tuition by giving disco dancing lessons. This not only helped him financially but also honed his skills in salesmanship and human interaction, crucial traits for his later business endeavors.

First Big Sale: Selling a Software Company for Millions

Before owning the Mavericks or appearing on “Shark Tank,” Cuban co-founded a software company called MicroSolutions. He sold this venture to CompuServe in 1990 for $6 million, making his first major leap into the world of multi-million-dollar business deals.

The Maverick Purchase: Acquiring the Dallas Mavericks

In 2000, Cuban purchased the NBA’s Dallas Mavericks for $285 million. Since then, he has transformed the team into one of the league’s most successful franchises, culminating in their first NBA Championship in 2011. With a dominate German big man who changed the game. Dirk Nowitzki was the first big man who played outside the paint with this patented mid-range flamenco shot.

Film Industry Ventures: Founding a Movie Production Company

Mark Cuban is also influential in the entertainment industry. He co-founded 2929 Entertainment, a company involved in movie production and distribution. He has helped produce films such as “Good Night, and Good Luck” and owns Landmark Theatres, the largest chain of art-house cinemas in the United States.

Guinness World Record: Largest Single E-Commerce Transaction

In 1999, Cuban set a Guinness World Record for the largest single e-commerce transaction. He purchased a Gulfstream V jet for $40 million online, which remains one of the most expensive items ever bought over the internet.

Advocacy for Referee Transparency: Improving NBA Officiating

Mark Cuban’s ongoing critique of NBA officiating is not just a testament to his fiery personality but also underscores his commitment to improving the sport. As a team owner deeply invested in the game’s integrity, Cuban has not shied away from voicing his opinions, even when it means facing substantial fines from the NBA. His outspoken nature is driven by a desire to see a fairer and more transparent officiating process that benefits players, teams, and fans alike.

Cuban’s efforts have centered on advocating for the use of technology and data to enhance decision-making by referees. He has been a strong proponent of the NBA’s adoption of replay systems and the Secaucus Replay Center, which aims to aid referees in making more accurate calls by reviewing footage in real time. His push for these technologies reflects his broader vision of leveraging modern tools to support traditional officiating methods, ensuring that the outcome of games is determined by players’ skills and teamwork rather than questionable officiating.

“Shark Tank” Successes Investments in Startups

On “Shark Tank,” Cuban has made numerous successful investments, including $2 million in Ten Thirty-One Productions, which has grown significantly under his mentorship. His keen eye for potential and willingness to take risks has resulted in profitable ventures across various industries.

New Ventures

In his latest venture into the sports betting industry, Mark Cuban is applying his hallmark innovative strategies to enhance fan engagement. Recognizing the growing intersection between sports fandom and interactive gaming, Cuban is exploring partnerships with platforms that offer enticing promotions, such as deposit match bonus offers . These promotions are designed not only to attract new users but also to deepen the fans’ connection with the games they love, reflecting Cuban’s broader business philosophy of leveraging technology to enhance user experience. As he navigates this new territory, Cuban remains mindful of the ethical and regulatory frameworks governing the industry, ensuring his ventures promote a responsible and engaging fan experience.

Philanthropic Efforts: Contributions to Social Causes

Mark Cuban is actively involved in philanthropy through the Mark Cuban Foundation. The foundation focuses on education, health care, and social responsibility, and has initiated various projects, including AI boot camps for underserved communities.

Conclusion: A Diverse Portfolio: Beyond the Public Persona

Mark Cuban’s life and career encompass a wide range of interests and achievements, from technology and sports to entertainment and philanthropy. Each endeavor reflects his dynamic personality and business acumen, revealing a multifaceted individual who continually seeks new challenges and opportunities for innovation.

This exploration of Mark Cuban’s lesser-known facts and achievements offers a deeper understanding of the man behind the billionaire persona. His journey from a door-to-door garbage bag salesperson to a major influence in sports and entertainment underscores a relentless pursuit of success, marked by a willingness to innovate and take calculated risks.

You can also read:

• The 20 Richest NBA Players of All-Time
• The 10 Highest Paid WNBA Players
• Robert Sarver Net Worth: Unveiling the Wealth of the NBA Team Owner
• The 20 Richest NBA Coaches of All-Time

Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language.

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How to buy a superyacht like you're Larry Page or Mark Cuban

Nothing quite says "I've made it" like a luxury yacht decked out with amenities. 

The superyacht has become a status symbol among the wealthiest in tech — from Google CEO Larry Page's 193-foot "Senses" all the way up to Microsoft cofounder Paul Allen's 414-foot "Octopus." 

But even if you're a billionaire fresh off of an IPO, there are a lot of things to consider before choosing to add a yacht to your toy collection. 

" Buying a yacht — it’s not a logical business decision. You can’t rationalize it," Rupert Connor, owner of crew agency Luxury Yacht Group, said to Business Insider. " You can’t use a spreadsheet to say, 'This is the breakeven point for happiness.'"

How much are you willing to pay? 

You can usually find listings for boats currently available for purchase or charter on yachting  industry sites like  Yachtworld.com  and  Yatco.com . Individual firms, like Fraser Yachts , often maintain their own internal listings. 

The most inexpensive yacht currently listed for sale on Fraser Yachts' web site is a 60-foot boat called "Reel Action." It's listed for $239,000. 

On the higher end of the scale, there's "Imagine," a 213-foot yacht that's on the market for $82 million. 

But that list price doesn't even begin to tell the whole story of how much money you should be willing to spend if you decide to buy a yacht. 

Annual operating costs — fuel, crew salaries, maintenance, and paint, for example — can be very steep.

Though many in the yachting world have said that you should expect to pay 10% of the purchase price on operations each year, Connor says that fees can actually be much higher than that.  

Connor stressed the importance of surveying a yacht before buying it, as you may uncover structural flaws whose fixes will definitely stretch your budget. 

" As boats get older, the capital value goes up, and the operating and maintenance costs also go up," Connor said. " The 10% figure is wrong, and it gets repeated all the time." 

For a 200-foot-yacht, like Page's "Senses," fuel alone could cost about $800,000 annually. Maintenance might cost as much as $750,000 a year. 

Page reportedly paid $45 million for the yacht in 2011 — it has a jacuzzi, helicopter pad, and interiors designed by Philippe Starck. 

How often can you reasonably use it? 

Some would-be yacht owners might think they could offset the costs of a yacht by making it available for charter when they're not using it. 

However, Connor says that it does not make much financial sense to buy a yacht just to charter it, as the operating costs will far outweigh any profit you might make. 

" Most people who buy yachts don’t have to rationalize the purchase, though. They can afford it," Connor said.

Michael Busacca, U.S. Commercial Director and COO at Fraser Yachts, says it is possible to make money out of chartering your yacht if you give up the freedom of using it whenever you want.

Still, it's probably best not to depend on charter to make up the difference.  

"T he owner needs to be very flexible on their own personal usage while in charter, especially during peak charter periods such as Christmas and New Years," Busacca said to Business Insider. 

How many crew members are you looking to hire? 

The number of crew members you'll hire will vary depending on the size of the yacht. While an 80-foot yacht might require only two crew members to operate, you might need to hire up to 60 people if you have a larger boat. 

According to Fraser Yachts, some of the most commonly hired crew members include a captain, chief mate, chief engineer, chief steward, chef, and deckhands. 

Luxury Yacht Group suggests setting a salary of $7,000 to $15,000 a month for an experienced captain. Mates should make between $3,000 and $7,000 a month, while a deckhand makes between $2,000 and $4,000. Crew members should be paid more on larger yachts, according to Luxury Yacht Group's guidelines .  

Allen reportedly keeps a permanent crew of 60 onboard "Octopus." The yacht has 28 cabins just for the crew, according to  the Superyacht Times .

What amenities do you want?

Yachts can come with all kinds of special features. 

" Of course, new build yachts can be fully customized to the client's liking," Busacca said. "Many requests include, but are not limited to, on-deck hot tubs, gym, wave runners, tenders, separate crew quarters, on deck master stateroom, satellite communication and entertainment systems."

Google chairman Eric Schmidt  reportedly paid $72.3 million for the 194-foot yacht "Oasis" in 2009. The superyacht has plenty of amenities, including a pool, jet skis, and a gym that can be converted into a disco. 

Allen's "Octopus" yacht is fully equipped with a  pool, two helicopters, a movie theater, basketball court, and a recording studio.

Former Oracle CEO Larry Ellison named his 288-foot yacht "Musashi"  after a revered 16th-century Japanese warrior. The boat's amenities include two master suites and a basketball hoop.

Mark Cuban's 288-foot "Fountainhead" yacht is the sister ship to Ellison's "Musashi." The two ships look nearly the same from the outside, though Cuban reportedly went for a more antique-inspired interior.

Where will you register the yacht? 

Where you decide to register your yacht is very important , as it determines how much you will pay in taxes, how liable you will be for operating in international waters, and how you can operate the yacht as a commercial enterprise. 

Places like the Cayman Islands and Marshall Islands are popular among yacht owners because they operate under tax laws similar to Delaware's, where many businesses often choose to incorporate. 

Page , Schmidt , Allen , Ellison , and Cuban all registered their superyachts in the Cayman Islands, according to MarineTraffic . 

"There are tax benefits to registering in the Cayman Islands," Connor said. "The flag behind the yacht shows which rules you're following."

Clive McCartney, U.S. Manager of Yacht Services at Fraser Yachts, explains what you should take into consideration.

"There are many things to consider including tax implications, operational requirements and the service required from your flag state," McCartney said. "Do they have their own surveyors or do they contract it to third parties, what safety code do they apply, how do they treat exemption requests, and what is their safety record? Registration of the yacht should be discussed with your Maritime Attorney and your Yacht Manager before making a decision."

Malta and the Isle of Man are also common registration points among European yacht owners. 

Watch: This Tremendous Superyacht Has Over 10,000 Square Feet Of Living Space

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Mark Cuban – Perfecting the Art of Winning

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Mark Cuban is an American business magnate, philanthropist, investor, and film producer who is better known as the owner of NBA team Dallas Mavericks. He is also the chairman of AXS TV HDTV cable network, the owner of Magnolia Pictures and Landmark theaters, and a shark investor in the popular TV series ‘Shark Tank.’

The e-book ‘ How to Win at the Sport of Business ’ is co-written by him. The book is about his life experiences in the fields of sports and business.

Table of Contents

Early Life and Education

Cuban was born on 31 st July 1958 into a working class Jewish family in Pittsburg, Pennsylvania. His father Norton Cuban worked as a car upholster. Mark grew up in Mouth Lebanon, which was a posh suburb. Cuban’s family name was Chabenisky. His grandfather changed it to Cuban after he landed on Ellis Island along with his family from Russia.

Mark attended the Mount Lebanon High School. While in school he did varied jobs such as disco dancing instructor, bartender, and a party promoter. He sold garbage bags when he was 12 years old so as to be able to pay for pricey basketball shoes.

Mark did not attend senior year at high school and instead went to the University of Pittsburgh as a full-time student. He transferred to Bloomington’s Indiana University after a year at Pittsburg University. In 1981, he graduated with a B.S. degree in Business Administration from the Kelley School of Business. Cuban continued working varied odd jobs when he was in college. Mark moved to Dallas in 1982.

Business Career and Success Story

After working as a bartender in Dallas for some time, Cuban found work as a salesperson for PC software retailer ‘Your Business Software.’ He was fired from the job within a year. He then launched MicroSolutions, his own company, a software reseller and system integrator. Perot Systems was the biggest client of this company.

Mark sold his company in 1990 to CompuServe for $6 million, with his share being $2 million. Cuban founded Audionet, a web radio company, in 1995 with Todd Wagner. The company was renamed as Broadcast.com in 1998 and acquired by Yahoo in 1999 for $5.7 billion. This was the start of his success story.

After selling Broadcast.com, Cuban invested in a diverse portfolio so as to limit his exposure and risk to market crashes. Some of his new companies, investments, and purchases include Landmark Theatres in 2003, 2929 Entertainment, HDNet/AXS TV, Synergy Sports Technology, RedSwoosh, IceRocket, Weblogs, Inc., Goowy Media Inc., Brondell Inc., Motionloft, and Magnolia Pictures.

Dallas Mavericks: Cuban became a majority shareholder of Dallas Mavericks in Jan 2000. He paid H. Ross Perot, Jr. $285 dollars for the majority stake in the NBA team. Dallas Mavericks did not win a lot of games before 2000. For the 20 years before 2000, their win percentage was only 40%. In the 10 years following 2000, the team’s winning percentage increased to 69 % and the team reached the playoffs nine times, and one NBA finals in the year 2006. Dallas Mavericks finally won the NBA finals in 2011 by defeating the Miami Heat.

Cuban has bid unsuccessfully to acquire Pittsburgh Penguins of the NHL and Major League Baseball’s Chicago Cubs, the Texas Rangers, and the Los Angeles Dodgers.

Mark Cuban – Home

• Cuban owns a mega mansion in Dallas which he purchased for $14 million after the sale of Broadcast.com to Yahoo.
• Located in Preston Hollow, the lavish mansion is spread across 24,000 feet. It features a pool, tennis court, spa, 8 garages for his cars, cabana, 13 bathrooms, 10 bedrooms, and a spacious living room spread across 1000 sq. ft. The mansion is considered as one of the most expensive and most beautiful houses in the state of Texas.

Mark Cuban Jets

• Cuban owns a Gulfstream V and a Boeing 767-277 private jet.
• The Gulfstream 500 is one of the best long range private jets in the world. Powered by 2 Rolls-Royce/BMW BR710-48 engines, the performance oriented and highly reliable luxurious plane can easily fly down to any corner of the globe. The ample cabin can easily seat 15 or even more. The interiors are customized and plush.
• The Boeing is fully customized to suit the needs of the owner and his ‘tall’ NBA players. The twin-engine, mid-sized, wide-bodied jet liner was previously operated by Ansett Airlines of Australia.

Mark Cuban – Yacht

• Cuban owns one of the most luxurious yachts in the world. Named ‘Fountainhead’ after the book ‘The Fountainhead’ written by Ayn Rand (whose work and philosophy Mark admires), the yacht was built by Feadship, a Dutch high-class yacht company. The 87.78 feet long yacht is the biggest private yacht constructed by Feadship. The super-yacht features a full displacement hull made of steel, topped with a superstructure made of aluminum, fully customized interiors, and many opulent features and amenities.

Personal Life and Trivia

• Cuban is married to Tiffany Stewart. The couple married in Barbados in September 2002. They have 3 children, a son and 2 daughters. The family lives at the Dallas mansion.
• Cuban’s political views are more libertarianism. He has however donated to the political campaigns of both Democratic and Republican party candidates.
• Cuban is an avid philanthropist. He runs the Mark Cuban Foundation along with Brian Cuban his brother. Cuban has donated $250,000 towards the patent reform work done by the Electronic Frontier Foundation. He also founded the Fallen Patriot Fund, which helps the families of personnel from the US military who got injured or killed during the Iraq War.
• Unlike other team owners who watch the basketball games from skyboxes, Cuban dons his team jerseys and sits some rows near the court along with the fans. His constant screaming, questioning of the referees decisions, and critical statements about the referees and the league has resulted in many fines, controversies, and extensive coverage by the media.
• ‘Let’s Go, Mavs!’ is a children’s book published by Cuban in partnership with Mascot Books.
• Cuban has appeared in any movies and TV shows, including Dancing with the stars. He has also been a guest host and guest referee at WWE events.
• Cuban’s $40 million purchase of his Gulfstream V jet is recognized by the ‘Guinness Book of Records’ as the ‘biggest single e-commerce transaction.’

Mark Cuban – Net Worth

According to Forbes, Cuban’s net worth as of May 2015 was around $3 billion..

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Mark Cuban can't buy his favorite sports team despite $5.7 billion fortune

Former dallas mavericks owner mark cuban expressed on x how he's tried to buy his hometown baseball team, pittsburgh pirates, to no avail..

Popular American billionaire Mark Cuban has apparently been trying to buy his hometown Pittsburgh Pirates for several years.

The former Dallas Mavericks owner, worth an eye watering $5.7 billion , grew up in the Pittsburgh suburb of Mount Lebanon and has previously indicated he supports the team.

"Dear @mcuban, I am once again asking you to buy the Pittsburgh Pirates," tweeted Pirates fan and author Virginia Montanez. "I look forward to hearing from you soon re: this pressing matter."

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This drew the attention of John Linder, a popular Miami sports radio show host who knows Cuban. "I talked with Mark Cuban about buying the team back in 2006," Linder tweeted.

"He loves the Pirates but says the owners will NEVER sell due to their business model. They aren’t required to spend money so they never do & they make big profits every year through TV & everything else. Lost cause."

Cuban humorously quote-tweeted Linder: "If someone offered you a job, that paid 25m or more per year, to stand in Market Square and let the entire city of Pittsburgh yell at you, would you take that job? That job is owning the Pirates. Why would they sell?"

Cuban is referring to current Pirates owner Bob Nutting, who reportedly continues to make a profit on his underperforming team despite being highly unpopular in the city of Pittsburgh.

Nutting bought the team in 2007 and consistently kept the Pirates' payroll amongst the worst in the league. Even during Pittsburgh's playoff years from 2013-2015, the team never ranked higher than 23rd in payroll.

The Pirates currently sit at 62-71 and last in the National League Central division. The team is carried by their young, cost-controlled talent like Paul Skenes , Oneil Cruz, and Jared Jones and ranks 29th in payroll.

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Cuban doesn't currently own a team, having sold the Mavericks last year for $3.5 billion to Miriam Adelson, who has a net worth of over $32 billion.

Cuban remains a minority shareholder of the team and remains in charge of basketball operations. The Mavericks lost in the 2024 NBA Finals to the Boston Celtics . Could he emerge as the Pirates owner in the future? Only time will tell.

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Mark cuban says he drove cars that cost $200 with holes in the floorboard and lived off mac and cheese because he wanted to retire early.

Before he was a billionaire and a standout on ABC’s “Shark Tank,” Mark Cuban's way of getting around was anything but glamorous. Known as the former owner of the Dallas Mavericks, you might not peg him for a frugal guy – like how Warren Buffett is famously cautious with his spending. But it turns out, Cuban was pretty good at pinching pennies too.

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In an interview with Money.com , Cuban opened up about his surprisingly frugal habits back in the day and shared some insights on building wealth from scratch. “I didn’t have a car that cost more than $200 until I was 25, I think,” he said. “It was crazy. But that was my decision. I was determined to save money.”

His choice of cars – a Fiat X1/9 with a hole in the floorboard and a 1966 Buick LeSabre – were far from glamorous. During the interview, fellow entrepreneur Sara Blakely joked that these rides were hardly “chick magnets.”

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But here's the twist: Cuban’s decision to drive these beat-up cars was more than just about saving a few bucks. It was part of a bigger plan, inspired by the book “Cashing in on the American dream: How to Retire at 35” by Paul Terhorst. The book pitches a radical idea: save up $1 million, keep your expenses low like a student, and you could retire early.

“I believed heavily in that book. It was a big motivator for me,” Cuban explained. “I did things like having five roommates and living off macaroni and cheese, and I was very, very frugal.”

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This isn't just another one of those “millionaire tells you to cut back on the lattes” stories. Cuban’s goal was never just about stacking cash. He was chasing the freedom to live on his terms. “I wanted enough money to travel, have fun, and party like a rock star but still live like a student. That was my motivation,” he shared.

Cuban explains, "I was determined to be able to retire." Even at a young age, retirement was the goal.

He also shared his thoughts on managing finances, emphasizing the importance of living within one's means and avoiding debt. "I learned very quickly that debt was not my friend," Cuban noted.

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He also stressed the benefits of saving money and investing wisely. "Putting some into a low-cost mutual fund – like an SPX fund – and living as inexpensively as you possibly can will pay off dividends," Cuban advised.

Cuban believes that individuals can begin to build their net worth by investing in the market . "You can start to make good things happen," he said, adding that while it's not always easy, especially for those with families, the key lies in finding the discipline to save. "If you can find that discipline, then you can save," he concluded.

Mark Cuban's story shows that financial discipline and planning are key. While you don't have to live off macaroni and cheese or drive a clunker, building a solid financial future might require sacrifices. If you're serious about achieving financial freedom, a financial advisor can help you create a plan that fits your goals.

This billion-dollar fund has invested in the next big real estate boom, here's how you can join for $10.

Warren Buffett flipped his neighbor's $67,000 life savings into a $50 million fortune — How much is that worth today?

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This article Mark Cuban Says He Drove Cars That Cost $200 With Holes In The Floorboard And Lived Off Mac And Cheese Because He Wanted To Retire Early originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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• August 6, 2023
• Billionaire , Bobbi Althoff , Business , Dallas Mavericks , Finance , Mark Cuban , Shark Tank , weekend BI US , Yachts

Mark Cuban doesn’t spend his billions on yachts, butlers, or chauffeurs because more staff means ‘no privacy’

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Mark Cuban doesn’t spend his billions on yachts, butlers, or chauffeurs because more staff means ‘no privacy’ By: Posted: August 6, 2023

Jerod Harris/Stringer/Getty Images

• Mark Cuban got candid about how he spends his fortune with podcast host Bobbi Althoff on Thursday.
• The billionaire says he still prefers to do his own chores and drive himself places.
• Unlike fellow elites, Cuban doesn’t own a luxury yacht, but he still makes pricey purchases.

Billionaire businessman Mark Cuban doesn’t want to let his financial status change him, and he’s gone out of his way to maintain a normal life.

The 65-year-old owner of the Dallas Mavericks is worth an estimated $5.1 billion, according to Forbes. However, on an episode of “The Really Good Podcast,” Cuban said he avoids certain habits that are associated with the exorbitantly rich.

“I just try to be the same person, I mean, as I was when I was poor, middle, and rich,” Cuban told podcast host Bobbi Althoff.

In his quest for normality, he said, he doesn’t hire staff to clean his home, cook his meals, or drive for him. He described purchasing a yacht as “just not what I would do.” The investor added that more staff often means less privacy for elites who employ large teams.

“I like the privacy,” Cuban said. “I’ve been around people who hire somebody to do everything for them, and that’s just, like, no privacy.”

Cuban’s preferences differ from his fellow billionaires who spend hundreds of millions on luxury yachts . In 2016, he corrected assumptions that he owned a 288-foot yacht in an interview with Page Six.

“The guy who owns the boat tells everyone that it’s mine,” Cuban said. “It’s so crazy … I don’t even own a boat.”

Although Cuban is against spending his fortune on yachts, he still makes purchases that only the ultrawealthy can. In 2021, for example, he purchased an entire 77-acre Texas town about 55 miles south of Dallas.

After spending an undisclosed amount on the land, Cuban told local reporters he wasn’t sure what he’d end up using it for — if he used it all.

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Mark Cuban Says He Drove Cars That Cost $200 With Holes In The Floorboard And Lived Off Mac And Cheese Because He Wanted To Retire Early

B efore he was a billionaire and a standout on ABC’s “Shark Tank,” Mark Cuban's way of getting around was anything but glamorous. Known as the former owner of the Dallas Mavericks, you might not peg him for a frugal guy – like how Warren Buffett is famously cautious with his spending. But it turns out, Cuban was pretty good at pinching pennies too.

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In an interview with Money.com , Cuban opened up about his surprisingly frugal habits back in the day and shared some insights on building wealth from scratch. “I didn’t have a car that cost more than $200 until I was 25, I think,” he said. “It was crazy. But that was my decision. I was determined to save money.”

His choice of cars – a Fiat X1/9 with a hole in the floorboard and a 1966 Buick LeSabre – were far from glamorous. During the interview, fellow entrepreneur Sara Blakely joked that these rides were hardly “chick magnets.”

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But here's the twist: Cuban’s decision to drive these beat-up cars was more than just about saving a few bucks. It was part of a bigger plan, inspired by the book “Cashing in on the American dream: How to Retire at 35” by Paul Terhorst. The book pitches a radical idea: save up $1 million, keep your expenses low like a student, and you could retire early.

“I believed heavily in that book. It was a big motivator for me,” Cuban explained. “I did things like having five roommates and living off macaroni and cheese, and I was very, very frugal.”

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This isn't just another one of those “millionaire tells you to cut back on the lattes” stories. Cuban’s goal was never just about stacking cash. He was chasing the freedom to live on his terms. “I wanted enough money to travel, have fun, and party like a rock star but still live like a student. That was my motivation,” he shared.

Cuban explains, "I was determined to be able to retire." Even at a young age, retirement was the goal. 

He also shared his thoughts on managing finances, emphasizing the importance of living within one's means and avoiding debt. "I learned very quickly that debt was not my friend," Cuban noted.

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He also stressed the benefits of saving money and investing wisely. "Putting some into a low-cost mutual fund – like an SPX fund – and living as inexpensively as you possibly can will pay off dividends," Cuban advised.

Cuban believes that individuals can begin to build their net worth by investing in the market . "You can start to make good things happen," he said, adding that while it's not always easy, especially for those with families, the key lies in finding the discipline to save. "If you can find that discipline, then you can save," he concluded.

Mark Cuban's story shows that financial discipline and planning are key. While you don't have to live off macaroni and cheese or drive a clunker, building a solid financial future might require sacrifices. If you're serious about achieving financial freedom, a financial advisor can help you create a plan that fits your goals.

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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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This article Mark Cuban Says He Drove Cars That Cost $200 With Holes In The Floorboard And Lived Off Mac And Cheese Because He Wanted To Retire Early originally appeared on Benzinga.com .