• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Mark Cuban explains how he spent his first big payday on genius idea

Home> Celebrity

Published 20:31 28 Sep 2022 GMT+1

Mark Cuban explains how he spent his first big payday on genius idea

What would you spend the money on?

Daisy Phillipson

Daisy Phillipson

Multi-billionaire Mark Cuban has revealed how his first major payday led to a rather genius idea.

Picture this - you're 29 years old. You've spent much of your early 20s broke, only to then build your knowledge in tech before finally launching your very own computer systems company.

The venture proved such a success, you've now sold it to a major online service provider for the cool sum of $6 million. Now the question is, what are you splashing out on?

This was the situation facing the now 64-year-old entrepreneur back in 1990. He had sold MicroSolutions off to CompuServe and overnight turned into a multi-millionaire.

Advert

Mark Cuban came up with a genius idea to spend his first big payday.
Creative Commons

While he made some seriously smart moves after that (did we mention he's now worth $4.6 billion?), he of course wanted to spend some of that hard-earned cash.

Speaking at a conference, Cuban explained: "Obviously, I was 29, I went out with all my buddies and we drank too much."

But when it came down to it, Cuban didn't want to go with the traditional route of buying a car or a house, as he's not into cars and he was happy with where he lived at the time.

Advert

Instead, he came up with the genius idea of buying a lifetime pass with American Airlines.

"I travelled so much with my company that I wanted to just be able to relax and go have fun," he said.

You can't argue with that, right?

So the Shark Tank star called the airline up and sure enough they sold air passes - without hesitation, he sunk $250,000 for two passes with 125,000 miles per year for the rest of his life. That's one for him and one for his pal.

Advert

Whipping out the card, he said: "I would go out with friends and we'd go drink in LA, fly to Vegas, fly somewhere else, you know, 'let's got to Moscow'."

In short, the world was their oyster - which I think most people would agree is a fantastic way to spend your first big payout.

He said he just wanted to have fun.
Creative Commons

Plenty of people thought so, with one writing: "Very smart move right here, this is why love Mark Cuban."

Advert

"Lifetime fly Pass. That's my fu.... Dream," said another, while a third wrote: "Those American Airlines lifetime unlimited passes that they started it the 1980s were one of the best deals in existence."

If you have a story you want to tell, send it to UNILAD via [email protected]

Featured Image Credit: ZUMA Press, Inc./AFF/Alamy Stock Photo

Topics: Money, US News, Travel, Technology

Daisy Phillipson
Daisy Phillipson

Daisy graduated from Kingston University with a degree in Magazine Journalism, writing a thesis on the move from print to digital publishing. Continuing this theme, she has written for a range of online publications including Digital Spy and Little White Lies, with a particular passion for TV and film. Contact her on [email protected]

X

@DaisyWebb77

Advert

Advert

Advert

Choose your content:

11 hours ago
13 hours ago
14 hours ago
15 hours ago
  • 11 hours ago

    Hulk Hogan’s daughter Brooke reveals shocking reason she didn’t attend dad’s tributes

    Brooke Oleksy shut down previous reports that she and her late father were on bad terms

    Celebrity
  • 13 hours ago

    James Gunn responds to Trisha Paytas naming baby ‘Aquaman’ following bizarre Ozzy Osbourne conspiracy

    DC Studios' co-CEO has reacted to the internet celeb having named her baby Aquaman - something she revealed on the day Ozzy Osbourne died

    Celebrity
  • 14 hours ago

    Fans spot Kelly Osbourne's 'subtle' tribute to dad Ozzy as she pays her respects during his procession

    The Osbourne family and the rest of the world are grieving the loss of a rock legend

    Celebrity
  • 15 hours ago

    Fans notice touching meaning behind item worn by Sharon Osbourne during Ozzy’s emotional farewell

    Sharon was joined by her and Ozzy's three kids at the funeral, which took place in Birmingham, UK

    Celebrity
  • Mark Cuban drunkenly spent $125,000 on surprising purchase on his first big pay day
  • RFK Jr. slammed for new autism registry idea as he explains how he will track all Americans diagnosed with the disorder
  • Man who stole $300K worth of iPhones reveals how he did it
  • NASA explains how asteroid it's capturing is worth $10,000,000,000,000,000,000