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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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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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sports Mavericks

See Mark Cuban's 288-foot yacht with basketball court on the stern

By SportsDay Staff

6:42 PM on Feb 9, 2016 CST

If you were on Mark Cuban's level, there's you no question you'd roll in style. But would you roll in this much style?

Cuban's 288-foot yacht "Fountainhead" recently was docked outside of Miami hotel the Epic.

If you were walking along outside the hotel, it would be pretty hard to miss this boat.

View this post on Instagram Ready for the Carnaval 😂 #sqn A post shared by Johnny Barros (@johnnybarros) on Feb 5, 2016 at 1:34pm PST

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The Mavs owner is clearly ready to host his players at all times as there is a basketball hoop attached to the stern. Because if a Mav takes a vacation on a yacht the first thing on his mind is practicing on the water, right?

Have to wonder how it feels to be a Miami Heat fan and down on the water is gigantic reminder of the team that beat the locals in the 2011 finals.

Want some other shots of how Mark Cuban rolls at sea? Check out the pictures below.

View this post on Instagram When the wally one is a toy on your yacht you're doing alright. #fountainheadyacht game over. A post shared by Tomas (@tomasprado) on Oct 16, 2013 at 5:32am PDT

View this post on Instagram Happy Tuesday! "Fountainhead" sighting in Miami today! Guess who's yacht this is? #yacht #fountainheadyacht #fountainhead #miami #downtownmiami #megayacht #superyacht A post shared by The Yacht Group (@theyachtgroup) on Aug 26, 2015 at 7:22am PDT

View this post on Instagram Billionaire's row. #liquidassets #Attessa #Fountainhead #miami A post shared by Stephen Najarian (@stephen_n_miami) on Aug 25, 2015 at 4:24pm PDT

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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.

Simple Flying

Inside mark cuban's private jet collection.

Mark Cuban is a huge fan of his aircraft collection.

• Mark Cuban, known for his business ventures and NBA team ownership, owns two luxurious private jets – a Gulfstream G550 and a Boeing 757-200.
• Cuban's Gulfstream G550 holds a Guinness World Record for the largest single e-commerce transaction, costing $40 million and saving him time for his loved ones.
• The Mavericks' Boeing 757-200, acquired for $36 million, is specially outfitted for the NBA team, providing space for players, weight rooms, and a specialized meeting setup.

After making millions of dollars from career earnings or investments, most individuals set their sights on acquiring some of the most luxurious and exclusive assets. Some opt for mansions with gold-plated coffee tables, while others fill their garages with luxury vehicles. However, for some billionaires like Mark Cuban, some of their money is better spent collecting luxurious private jets .

Mark Cuban's love for private jets

Born and raised in Pittsburgh, Pennsylvania, Mark Cuban is an American businessman and investor widely known as the owner of the National Basketball Association's (NBA) Dallas Mavericks. When not on the court, Cuban is also known for appearing as a judge on the ABC business reality television series Shark Tank, where entrepreneurs pitch their ideas to a panel of investors to persuade them to invest in their businesses.

Apart from molding NBA careers, investing in start-ups, and trying to reinvent the pharmaceutical drug sales industry, Cuban seems to love private jets. In fact, the wealthiest of the "Sharks" in the tank has two. This already puts him ahead of other wealthy business executives and celebrities who have only managed to keep one aircraft in their fleet.

Mark Cuban's two jets are also no mere Cirrus SF50s, clocking in at $1.96 million. With a net worth of over $6.2 billion, it is no secret that the Shark Tank investor would think bigger regarding private air travel. As such, the Mavericks boss has a Boeing 757 outfitted for a world-class sports team and a Gulfstream G550 business jet.

Setting a Guinness world record with the Gulfstream

While his first-ever private jet experience was on a Gulfstream II, Cuban owns a 22-year-old Gulfstream G550. He bought the jet in 1999, just after he made his first billion from selling his second company, Broadcast.com, to Yahoo. The $40 million purchase placed Cuban in the Guinness Book of World Records for the 'largest single e-commerce transaction.'

He still holds the record to this day, showing that clicking "buy" on the internet just isn't the same for everyone. In an interview with Business Jet Traveler , Cuban said he e-mailed Gulfstream after researching the company's website. They arranged to set up a demo flight for his pilot, who subsequently raved about it, sealing the deal without Cuban ever setting foot on his new investment.

Mark Cuban's smartest purchase

In another interview with Men's Journal Health & Fitness , Cuban said the jet was the smartest thing he had ever spent money on as it allowed him to spend more time with loved ones. "It is obviously brutally expensive, but time is the one asset we simply don't own. It saves me hours and hours," Cuban said. He added that the most important things in life are family, time, being nice, and avoiding stress.

The Gulfstream G550 is a popular choice among private jet users, offering a spacious cabin which can accommodate up to 19 passengers, in addition to a private bathroom and sleeping spaces. Speaking to Business Jet Traveler about some executives who have stopped flying private because of public criticism, Cuban highlighted the convenience of business jet travel. "They have to make their own decisions, but I just hope I compete with them. I get to work while they get to stand in line at the airport," he added.

The Mavericks Boeing 757

The second jet in Mark Cuban's collection is a Boeing 757-200, which he acquired for $36 million to transport his NBA team. Cuban purchased the Mavericks in 2000, shortly after buying the G550. While refusing to offer details on how the plane is outfitted, Cuban says he came up with the strategic vision for the plane, specifically focusing on providing space for players taller than seven feet.

It also has a weight room, special meeting set-ups, and space for medical treatments, as well as coaching and connectivity resources. While there is no footage of the aircraft's interior, it sounds reminiscent of the concept developed by NIKE and cabin designer Teague, specifically catering to professional athletes and sports teams. Cuban, who travels with his Mavericks to most games, believes that the decked-out unique cabin gives them a competitive advantage.

Built in June 1993, The Mavericks' 757 (registration N801DM) is now just over 30 years old. It was first delivered to Iberia, which operated it until November 2000. According to ch-aviation , it typically seats 63 passengers in an all-business configuration. By the early 2010s, the aircraft had clocked over 16,000 flight hours across 11,617 flight cycles. Now, it typically flies for approximately 600 hours per year.

When the NBA season is over, Cuban charters the jet to larger groups requiring high-end seating. In 2006, the jet was upgraded with Blended Winglet Technology from Aviation Partners Inc., increasing its range and eliminating long-haul refueling stops. The 757 can be spotted ferrying the Mavericks back and forth between Dallas and other cities with teams in the Western Conference.

Other teams with private jets

While privileged to have a customized Boeing narrowbody, the Mavericks are far from the only US sporting team to own a private aircraft for flying to and from games. Other well-known names include the New England Patriots, with a Boeing 767 (N36NE), which has served since 2017 and whose livery is iconic at airports hosting games. The Arizona Cardinals have one of the largest aircraft in sports, with a Boeing 777-200 to move their players across the country through the NFL season.

While the environmental footprint for teams using private jets is certainly high, they attempt to justify this by how much flying they must do each year. With dozens of players and staff traveling from city to city with tight turnarounds and the need for specialized equipment and medical rooms, private jets are best suited for these teams.

A private Boeing 767

Unsurprisingly, the most expensive jet in Cuban's collection was a Boeing 767-200. The widebody was operated by MLW Air, a company founded by Cuban and partners to offer high-end charter operations and occasionally serve the Mavericks, with registration N767MV. However, the aircraft now seems to have been scrapped. Its last flight was in February 2021, and it was sold to an aircraft parts company, indicating the end of the road for the nearly 40-year-old aircraft.

After gaining fame in their respective fields of expertise, many celebrities purchase their own jets to make their worldwide business and personal travel more accessible. Many of them acquire a single aircraft and fly it everywhere, but only a handful can say they have a collection. Respectfully, owning two or more aircraft also takes a different level of wealth.

Apart from Mark Cuban, a few other celebrities, including John Travolta, Tom Cruise, and Cristiano Ronaldo, are known to have a collection of private jets. John Travolta's portfolio is by far the most exciting , with a Bombardier Challenger, a Dassault Falcon 900, a couple of Gulfstream jets, an Eclipse 500, and a Boeing 727. He also owned a Boeing 707 , which he later donated to Australia's Historical Aircraft Restoration Society (HARS).

Tom Cruise has at least two aircraft in his fleet , including a Gulfstream IV worth about $20 million and a classic P-51 Mustang. Meanwhile, legendary soccer star Cristiano Ronaldo owns a $65.5 million Gulfstream G650 and previously a $25 million G200. However, the latter was reportedly put up for sale last year .

If you were given enough money to purchase a private jet today, which one would you go for? Feel free to let us know in the comments how you would customize it!

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That Yacht Docked in Boston Isn’t Mark Cuban’s, You Guys

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The ‘Fountainhead’ yacht is currently docked at Yacht Haven at Boston’s North End Waterfront. Photo courtesy of Monika Skole Fuchs.

The traveling sideshow that is the not-Mark-Cuban’s-yacht made its way to Boston this week.

The cruise-ship-sized vessel, named Fountainhead , has been turning heads since it docked in the North End’s Yacht Haven on Friday, according to the neighborhood news site NorthEndWaterfront.com .

But the billionaire owner of the Dallas Mavericks and co-star of the investment game show Shark Tank wants to make it known he does not own that, or any, yacht. He is emphatic on this point.

“I DON’T OWN A YACHT,” Cuban reportedly wrote in an email to the celebrity gossip website Page Six , the all-caps his.

The owner of the yacht—which is 288 feet long, comes equipped with a basketball hoop, has enough deck space to store two additional boats, hails from the Cayman Islands , and most likely draws its name from the Ayn Rand novel (which Cuban, as luck would have it, has said is one of his favorites )—has been spreading misinformation, Cuban says.

The full email, as reported by Page Six:

I don’t own a yacht. Never have . . . The guy who owns the boat tells EVERYONE that it’s mine. It’s so crazy, I got a letter from someone thanking me because the ship’s doctor had saved this person with CPR . . . had people email me asking if they can come aboard. Of course I always say yes  I DON’T OWN A YACHT.

Unnamed sources told the gossip site the boat’s owner was actually an executive from Sears. Sears didn’t return a request from Boston for comment.

Many, many online resources earlier reported the boat belonged to Cuban. There was Mark Cuban’s yacht docked in Miami , in Bar Harbor , and The Hamptons , the sites reported. Forbes counted Cuban among the big boat owners in its ranking of 100 Biggest Yachts . Passing reference to Cuban and his vessel was made in a Thrillist list of the 8 Most Ridiculous Yachts in the World .

Then on Tuesday came a series of stories about how the nautical wonder absolutely didn’t belong to the wealthy basketball figure and TV personality.

One of them came from the Boston Business Journal , a reporter for which also reached out to Cuban by texting him directly on a messaging app he owns called Cyber Dust .

“I don’t,” Cuban tells BBJ reporter Sara Castellanos, “have a yacht.”

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'Shark Tank' Star Mark Cuban Anchors Yacht Off Stamford Harbor

STAMFORD, Conn. -- Dallas Mavericks owner and celebrity judge on the ABC-TV show "Shark Tank" Mark Cuban has been anchoring his yacht in 50 feet of water off Stamford Harbor for nearly a month.

Mark Cuban's 288-foot 'Fountainhead' is currently anchored off Stamford Harbor.

The yacht has three smaller boats onboard to ferry guests and crew to and from the shore.

An outdoor basketball court is on the second deck overhang.

A view from the stern.

Measuring 288 feet, the Cayman Island-registered Fountainhead  boasts four decks, a sonar and radar tower, as well as half-court basketball court onboard. Purchased in 2012, the boat is a sister ship to Oracle CEO Larry Ellison's  Musashi, a ccording to a recent Forbes  article .

Cuban also owns Landmark Theaters and Magnolia Pictures but gained fame as owner of the NBA's Dallas Mavericks. Known for his outspoken criticism of the league and his popularity among players, Cuban has become one of the most recognized owners in all of sports. Additionally, he also serves as a judge on the ABC entrepreneurial show "Shark Tank."

It is unclear as to whether Cuban is currently on board and why the ship has remained anchored here since early June.

On the reality show "Shark Tank," budding entrepreneurs get the chance to bring their dreams to fruition. They present their ideas to the sharks in the tank -- five titans of industry. Each contestant tries to persuade one of the sharks to invest in their idea. 

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

1000zen / Flickr

"Octopus" is a massive, 414-foot yacht owned by Microsoft cofounder Paul Allen.

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.

Justin Sullivan/Getty Images, Ari Helminen/Flickr

Google CEO Larry Page owns a 193-foot yacht called "Senses."

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.

Handout/Getty Images

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 .

donjohnson / Flickr

A crew member onboard "Octopus."

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.

romanboed / Flickr

The 288-foot "Musashi" yacht is owned by Oracle billionaire Larry Ellison.

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.

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‘Shark Tank’ Star Mark Cuban Flies in Style on These Private Jets

From humble beginnings to brag-worthy billions, Shark Tank investor Mark Cuban flies in style everywhere he goes. Like other wealthy celebrities , the billionaire entrepreneur has ultra-deep pockets to buy nearly anything he desires. And some of those desirable things are private jets.

How many aircraft does Cuban own, and what are they worth? Here’s everything we know.

How Mark Cuban made the money to afford private jets

After graduating from Indiana University with a business degree, Cuban moved to Dallas, where he came up with the idea of creating a computer consulting company he called MicroSolutions. In 1990, Cuban sold MicroSolutions to CompuServe for some $6 million, Wealthy Gorilla reported.

Cuban invested part of the proceeds of the MicroSolutions sale to found one of the first internet streaming services, Broadcast.com, in 1995. Four years later, Cuban and business partner Todd Wagner traded the company to Yahoo in exchange for several billions of dollars in stock. According to Mark Cuban Companies , the Yahoo barter was one of the biggest internet trades of all time.

Today, Cuban is one of the top 25 wealthiest people alive, with a net worth of almost $4 billion .

Mark Cuban’s impressive private jet collection

Unlike billionaires Elon Musk and Jeff Bezos, who each own one private jet, Mark Cuban owns three luxury jets. He purchased the first, a Gulfstream G550, for $40 million after the Broadcast.com deal with Yahoo.

What makes the deal even more amazing is the fact that Cuban arranged the purchase via email and never saw the aircraft in person before he bought it, Simple Flying reported.

According to Cuban, the Gulfstream jet was one of the smartest investments he ever made. He called the purchase “brutally expensive” while noting to Men’s Journal that in the long run, the pricey jet saved him hours upon hours of time, which is the one asset nobody can own. The $40 million purchase also put Cuban’s name in the Guinness World Records for the largest single e-commerce transaction. The jaw-dropping record stands to this day.

A year after buying the Gulfstream, Cuban spent $36 million on a Boeing 757 so he could transport his basketball team, the Dallas Mavericks, anywhere they needed to go. Outfitted to accommodate players over seven feet tall, the spacious aircraft boasts a medical treatment room, a weight room, and excellent connectivity.

It is unclear how much Cuban paid for the third aircraft in his collection, but Simple Flying described it as a Boeing 767 wide-body that he bought to hire out to high-end charter companies. Never used for that purpose, the enormous aircraft spent several months grounded at Tampa International Airport. Currently, the plane is in storage at Marana Pinal Airpark in Arizona. By the time you read this, it may have been sold for parts.

How he became the successful entrepreneur he is today

Born on July 31, 1958, in Pittsburgh, Mark Cuban was the eldest of three brothers who grew up in the mostly Jewish middle-class suburb of Mount Lebanon, Pennsylvania. His father, Norton, worked as an automobile upholsterer , and his mother, Shirley, was a stay-at-home mom.

At age 12, Cuban wanted a new pair of shoes. Noting that his current footwear was holding up well, Cuban’s dad told him he needed to earn his own cash for such an extravagance. So he invented his first job.

Cuban’s superb sense of salesmanship served him well. Instead of applying for a job flipping burgers, he started selling something he knew every family on his block needed. According to Capitalism.com , the young, shoe-hungry entrepreneur purchased packages of trash bags and resold them door-to-door for twice the price.

Cuban bought the sneakers he wanted. Then he went on to buy airplanes and plenty of other luxuries, too.

‘Shark Tank’ Billionaire Mark Cuban Set a Guinness World Record for Buying a $40 Million Jet Online

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Kaanii Powell Cleaver began as a contributing writer for MotorBiscuit in 2020 and focuses most content on automotive trivia.

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Why Mark Cuban doesn't own yachts or hire house cleaners: 'I try to be the same person I was when I was poor'

When it comes to luxury spending, billionaire Mark Cuban draws the line at yachts, butlers and house cleaning services.

"I just try to be the same person, I mean, as I was when I was poor, middle and rich," Cuban, 65, told "The Really Good Podcast" on Thursday. "The whole idea of like, get a yacht ... it's just not what I would do."

Cuban, a serial entrepreneur and startup investor, has a net worth of $5.1 billion , according to Forbes. He's not opposed to big-ticket purchases: He spent $13 million on a 24,000-square-foot Dallas mansion and $40 million for a private Gulfstream V business jet in 1999, shortly after becoming a billionaire . The following year, he bought the NBA's Dallas Mavericks for $285 million.

Rather, Cuban's decision to not pay for certain services is less about frugality and more about his desire for a private life. His family usually does their own chores, like washing clothes and cooking meals, he noted.

"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."

Similarly, Cuban didn't feel the need to make new friends upon entering a new tax bracket, he said: "Most of my friends are guys that I moved to Dallas with or friends in Indiana from school. We still tell the same stupid ass stories and do the same stupid s---, and you know, that's good."

In January, Cuban told CBS's "Sunday Morning" that he'd worked hard to keep his wealth from changing his personality, and that he'd be just as happy with 1% of his net worth . Later in the interview, a group of Cuban's childhood friends confirmed it.

"Little more full of it, but not that much more full of it," Jerry Katz, one of those friends, said. "But still the same guy."

That isn't the case for most people: Typically, the wealthier you feel, the worse you behave, according to Paul Piff , an associate professor of psychological science at the University of California, Irvine.

"As a person's levels of wealth increase, their feelings of compassion and empathy go down, and their feelings of entitlement, of deservingness and their ideology of self-interest increases," Piff said in a 2013 TED Talk .

When that happens, small reality checks can help you get back on track, Piff added: "Small nudges in certain directions can restore levels of egalitarianism and empathy."

Cuban now owns three houses, and refers to a couple of his private jets as his "best toys," he said on the podcast. Buying a private jet "was my all-time goal, because the asset I value the most is time, and that bought me time," he  told Money  in 2017.

Still, Cuban wants to remain the same person he was when he was "broke," he said on the podcast.

"When I was broke, I had a blast," said Cuban. "I loved my life ... I was still having fun."

Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist.

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Mark Cuban Reveals The One Reason Why He Avoids Yachts, Butlers And Chauffeurs

Zinger key points.

• Cuban corrected assumptions about owning a 288-foot yacht and said he doesn't own a boat.

Mark Cuban  may be a billionaire investor and owner of the Dallas Mavericks, but he doesn't always act like one. 

During an  episode  of "The Really Good Podcast" last week, Cuban shared that he deliberately avoids certain habits typically associated with the extremely wealthy.

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

Cuban, who is often known for his antics during NBA games and as a saavy investor on "Shark Tank," said that he doesn't hire staff to clean his home, cook his meals or drive for him. He said purchasing a yacht is "just not what I would do." He added that more staff often means less privacy for those like him who employ large teams.

Also Read:  How Mark Cuban Avoids Wasting Time At Work: Things He'll Do Only If 'There's No Other Way'

"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."

During the interview, Cuban corrected assumptions about his ownership of a 288-foot yacht. "The guy who owns the boat tells everyone it's mine," Cuban said. "It's so crazy, I don't even own a boat."

During an interview earlier in July, Cuban shared about the one time  he missed one of the biggest investments of his life.

Now Read:  Mark Cuban's Humble 1999 Celebration: $5.7B Deal Followed By Middle Seat Flight To Vegas

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