Last year’s Christmas was a compelling one, and we got to see some highs, as well as the proverbial lows.
However, today, we’ll be taking a look at one of the highs, particularly focusing on billionaire entrepreneur, Mark Cuban.
The recently concluded Christmas festivities were taken a notch higher by Cuban after he purchased a mansion worth a whopping $19 million on the Californian Southern Coast a few days prior to Christmas.
The billionaire famously known as the owner behind the basketball franchise that is the Dallas Mavericks, is planning to convert the six-bedroom palatial home into a vacation get-away. This is as per information revealed by the company that handled the sale, Villa Real Estate’s John Stanaland.
Indeed, the mansion is located in Laguna Beach on the grounds of The Montage and boasts an impressive 7,800-square-feet.
The Montage, a five-star resort, is located on the outskirts of Los Angeles, about an hour’s drive from the city.
Additionally, upon owning one of the 13 private residences, one is provided access to hotel amenities such as room service, spa, as well as housekeeping.
The deal by Cuban was pegged as the highest-priced transaction in 2018 as per estimates provided by Stanaland.
At the current moment, there is still another home that is up for grabs at The Montage. That being said, the current price for the five-bedroom house sits at a whopping $32 million!
The Montage is one of the most luxurious resorts in Los Angeles
A Magnificent House
The house purchased by Cuban sits in a lush area of the resort, facing the beach.
Additionally, the house has glass doors that vanish as part of the walls whenever individuals would love both the outdoor and indoor spaces come together as one.
Apart from the six bedrooms, the house also has a theater, a gym, a wine cellar, a library, a media room, and nine bathrooms!
Individuals also get to sample the magnificent sunset from the patios, as well as exquisite views of the Pacific Ocean!
Mark Cuban purchased the house for a whopping $19 million
Rise To Billionaire Status
Cuban’s journey to billionaire status began in 1995 by being one of the founders of broadcast.com. The company was later purchased by the Internet giant Yahoo! For a whopping $5.7 billion.
Today, Cuban is the majority stake owner of the Dallas Mavericks, and further has investments in AXS TV, Magnolia Pictures, and Landmark Theaters.
Currently, Cuban’s net-worth is estimated to be about $4 billion.
Additionally, Cuban’s charity, the Fallen Patriot Fund, has donated over $5.3 million to assist families affected by U.S. Military deaths, or personnel that has been injured while in combat.
Cuban made his riches during the dot.com boom
Mark Cuban’s Fabulous Lifestyle
Mark Cuban’s life is one that many would envy.
After the sale of Broadcast.com, Cuban has been living it large, and loving every moment of it!
Additionally, one of his most lucrative purchases was the clinching a majority stake at the Dallas Mavericks, and since then, he has become a crucial voice in the world of sports. To make it to his billionaire status, Cuban honed his entrepreneurial skills while still in college.
Back in the day, he ran a pub with his best friends called the Motley’s Pub. Unfortunately, it was shut down because there was an underage girl that participated in a wet t-shirt contest.
After completing his studies at Indiana University, Mark obtained a job in Dallas as a bartender.
Additionally, he also has a second job for a PC retailer as a salesperson in Dallas, but was fired barely a year in because instead of going to open the store, he opted to meet up with a new client so that they could discuss business.
That’s when Cuban decided to shift his direction in life.
His first business went by the name MicroSolutions. However, a few years in, Cuban opted to sale the company to a computer solutions firm by the name CompuServ for the price of $6 million.
After this, Cuban proceeded to clear taxes amounting to $2 million, and after selling the company, he managed to remain with an impressive $1 million in savings.
However, Cuban’s real money-making deal was when he started Audionet.com with one of his college friends. This eventually evolved into Broadcast.com. Which was a way for people to listen to sporting events online.
As a matter of fact, by 1999, the company made over $13.5 million as revenue in its second quarter.
The real deal came when Yahoo! Purchased the company for $5.9 billion, catapulting Cuban to billionaire status.
