You don’t have to be a native Texan, a budding entrepreneur, a loyal fan of the NBA or a dedicated viewer of Shark Tank or Dancing with the Stars to recognize billionaire Mark Cuban by name. Often described as a laid back billionaire who speaks his mind, Cuban’s savvy business sense and dedication to furthering himself developed early as he enrolled at the University of Pittsburgh rather than finish his senior year of high school. Transferring to Indiana University a year later to study business, Cuban taught disco dancing and later worked as a disc jockey at a bar he co-owned in Bloomington, Indiana to pay for tuition.
Moving to Dallas, Texas in 1982 and landing a job with Your Business Software, Cuban was fired when he was too busy meeting with new clients and forgot to open the store. Channeling his keen ability for anticipating technology and digital media trends, he opened MicroSolutions and instantly found success as a leading proponent of new technology. By 1990, he became a millionaire when he sold the company to CompuServe for $6 million. Nearly a decade later during the dot com boom, Cuban earned billionaire status at 41 years old when he sold his company, Broadcast.com, to Yahoo in exchange for $5.7 billion in Yahoo stock.
Having spent his single days living in a sparsely decorated house where he and his friends played whiffle ball in a 1,000 square foot formal dining room with only one couch, the notorious partier and generous philanthropist didn’t hesitate to upgrade after his Yahoo deal. Within a year after the sale, Cuban bought a mansion in his adopted hometown of Dallas, Texas and a $41 million Gulfstream jet. He also purchased controlling ownership of the NBA’s Dallas Mavericks and immediately began investing in the franchise and building the team’s fan base.
Described as someone who enjoys life to the fullest, partying, dancing, sports and spending time with family and friends, the 58-year-old’s mansion in the prestigious Preston Hollow neighborhood known as the Honey Pot has provided an exceptional backdrop to his lavish lifestyle. Sharing the area with famous residents like former President George W. Bush, H. Ross Perot, oil magnate T. Boone Pickens and NFL legend Roger Staubach, Cuban didn’t think twice about spending $17.6 million on his 24,000 square foot stone and slate roof home in 1999.
Originally built in 1997 and sitting on seven acres, Cuban immediately began remodeling the home to reflect his personality by upgrading some of the finishes and landscaping. In keeping with his love of music and dancing, he even added a state of the art sound system throughout the home and extended it to the pool and basketball court. But, before we get ahead of ourselves, let’s start at the front door!
The mansion has a dramatic front entrance with an elegant fountain, gas lamps in the portico and 12-foot carved mahogany doors that lead into a three-story chandeliered entryway. With 10 bedrooms, 10 full baths and six half baths, the house is absolutely breathtaking with hand-cut marble floors, five fireplaces, a kitchen with every appliance and gadget imaginable, a wine cellar and five wet bars. Hey, we told you he likes to party!
Admitting his love of comfort when giving People magazine a rare tour of his home office in 2013, the billionaire is not one to decorate and, instead, has filled his office with a growing collection of sentimental items. Aside from the oversized desk covered in paperwork and the nearby bar where he turns when things are going rough, the built-in bookshelves are filled with Cuban’s signed NBA basketball collection as well as photographs and other memorabilia of his long career. However, out of everything in the office, his most prized possession is his Mavericks number one jersey given to him when he purchased the team 16 years ago.
When he’s not busy planning his next major deal in his home office, Cuban has plenty to do outside his massive mansion with a tennis court, basketball court and a three-story pool house and cabana topped with a Jeffersonian-style rotunda that serves as a key party location where he’s been known to DJ a time or two. In addition to high security with a massive iron gate, guard station and armed guards, the house also includes four attached garages and two detached garages that offer the Shark Tank star over 4,800 square feet of parking space for his many luxury cars.
Now a family man after marrying his longtime girlfriend, Tiffany Stewart, in 2002 and welcoming three children since 2003, Cuban admits life in Preston Hollow is much different than before. “The biggest change in my life since I moved in here 14 years ago is of course, the kids,” he told People magazine. “I didn’t even go up to the second floor of this place for years until we had kids.”
While his family life has definitely changed, his appreciation of living the good life has remained the same. Don’t believe us? Cuban hired Jon Bon Jovi to put on a private concert in his backyard for his Tiffany’s 40th birthday. He also continues to host his friends and basketball team to watch major sporting events from the comfort of his private home theater. Now that’s the life!
Of course, his presence in Preston Hollow hasn’t come without some controversy as many predicted. After purchasing adjoining properties to increase his property value, ensure his privacy and expand his reach in the neighborhood, Cuban’s neighbors actually speculate about his plans for his newly acquired land and are ready to put up a fight if he even dreams of adding commercial buildings. With Cuban worth $3.2 billion and his neighbors likely at millionaire status, that’s a fight we’d like to see!