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Shark Tank star Mark Cuban purchased an entire town in Texas. Now, fans want to know how much he makes for him to make a crazy purchase like that. His 2021 net worth is on the rise thanks to his business dealings. The eccentric television personality had his sights set on the small town despite its shady past. How did he make his money and what does his 2021 net worth look like? Let’s take a good look.
Shark Tank star buys an entire town in Texas
The Dallas Mavericks owner purchased the Navarro County of Mustang, which is located along Interstate 45. He’s adding the small town to his investment portfolio, according to The Latin Times. The town of Mustang was founded in the early 1970s and became known for its prohibited liquor sales before its gentlemen’s clubs.
Why did he purchase the seedy town anyway?
Mark Cuban purchased the town with the intention of adding it to his portfolio. Dallas real estate broker Mike Turner told The Latin Times that it’s only “natural for Mark with the Mavericks to have Mustang.” The seedy town supposedly has a “strip club” that “is not in good repair,” but is an easy fixer-upper.
The ABC star said he purchased the town to help a friend in need, according to Fox News. At this time, he doesn’t have any plans for that illicit property. The deal included the infamous strip joint where a murder occurred. It also features a trailer park with 20-something residents and a volunteer fire department.
However, it’s not all bad. There are nearby attractions in Dallas. The city of Waco is just over an hour away from Mustang. Two miles away is Wispers, which is “Navarro County’s first and only vineyard and winery.” In 2017, the town was up for sale for $4 million, but Turner said it was overpriced, so they slashed the price in half.
Mark Cuban’s 2021 net worth cements him as America’s billionaire
Mark Cuban’s 2021 net worth is $4.1 billion, according to Forbes. However, CNN Business claims that he has a reported net worth of nearly $6 billion, which means that it’s on the rise. Cuban cemented himself as one of America’s many billionaires who are just running the world. So, it makes sense for him to buy an entire town just because he can.
Cuban has earned his money over the decades from his business deals. Most of that fortune derives from his share of his sale publicly traded to Broadcast.com to Yahoo! for $5.7 billion. Cuban also makes money from his ownership of the Dallas Mavericks and his investments made on ABC’s Shark Tank.
Per CNBC, he also has almost $1 billion in Amazon stock alone. Cuban previously revealed that Amazon and Netflix are his biggest investment holdings. But this is the first time that he’s given figures. Since he has so much money, he can spend it however he pleases.
Cuban claims that his journey to riches wasn’t easy as it may look. He started out in a “dumpy” apartment, where he stayed up late at night to teach himself to code. In his humble beginnings, he refused to vacation and would steal towels from the Holiday Inn. Cuban earned most of his fortune in the ’90s with a series of business dealings.
He continues to make money these days. Two of Cuban’s biggest stakes are selling his cable networks, AXS TV and HDNet Movies, to Anthem Sports and Steve Harvey for an undisclosed sum.
So this latest sale is nothing for the billionaire. Mark Cuban’s 2021 net worth is the reason why he could purchase an entire town, even if he has no plans to do anything with it.
Does it surprise you to learn how high Mark Cuban’s 2021 net worth is? Can you believe he purchased a town? Share your thoughts below in the comments.
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