The Private Jet Collection of Mark Cuban

The Private Jet Collection of Mark Cuban

What would you buy if you had a hundred million dollars to spare? A garage full of sportscars from every decade may appeal to certain people. Others, such as Mark Cuban, a millionaire Shark Tank investor and owner of the Dallas Mavericks, prefer to fill a hangar or two instead.

Who is Mark Cuban?

Mark Cuban is an American businessman and the owner of the Dallas Mavericks, a professional basketball team. He also rose to prominence as a contestant on the business reality television show Shark Tank, in which aspiring entrepreneurs pitch their ideas to a panel of investors in the hopes of persuading them to invest in their company.

When he’s not managing NBA teams, creating films, or investing in Indian cryptocurrency startups, Cuban is an avid collector of private jets. In fact, the Shark with the most money in the tank has three of them. In comparison, Jeff Bezos and Elon Musk each own only one private plane (albeit both of the Gulfstream G650 variety, which holds the record for the farthest fastest flight in business aviation history).

Mark Cuban’s three planes aren’t just Cirrus SF50s, which cost $1.96 million each. Instead, the Mavericks’ owner has the option of flying on a Boeing 767-200 with all business configurations, a 757 prepared for a world-class sports team, or a Gulfstream G550 business aircraft.

Mark Cuban entered the Guinness Book of World Records when he purchased his Gulfstream G550 (not displayed) via an internet transaction.

Mark Cuban entered the Guinness Book of World Records when he purchased his Gulfstream G550 (not displayed) via an internet transaction. Photo: Kiefer via Flickr

The Gulfstream holds the Guinness World Record

While his first private jet experience was aboard a Gulfstream II, Cuban now owns a 22-year-old Gulfstream G550, which is valued at roughly $4 billion. He purchased the plane in 1999, shortly after selling his second company, Broadcast.com, to Yahoo, for a billion dollars.

Cuban was inducted into the Guinness Book of World Records as a result of the acquisition. He gained the title of “biggest single e-commerce transaction” after spending $40 million on the jet online. To this day, he holds the record. Buying something isn’t the same for everyone.

Cuban says he emailed Gulfstream after examining the company’s website in an interview with Business Jet Traveler. They put up a demo flight for his pilot, who gushed about it, and the purchase was sealed without Cuban ever setting foot in his new investment.

The G550 can transport up to 16 seated passengers and sleeps up to eight persons.

The G550 can transport up to 16 seated passengers and sleeps up to eight persons. Photo: Gulfstream

The smartest purchase he’s ever made

In a separate interview with Men’s Journal Health & Fitness, Cuban claimed that the plane was the best investment he’d ever made because it allowed him to spend more time with his family.

“It’s clearly prohibitively expensive, but time is the one resource we don’t have. It saves me hours and hours,” Cuban added, adding that family, time, being pleasant, and avoiding stress are the most essential things in life.

The Gulfstream V was also the plane of choice for Steve Jobs, Apple’s late founder. Instead of a wage raise in 2002, Apple gave the IT industry legend the plane and ten million company shares.

Mark Cuban has a 757 that is devoted to the Dallas Mavericks, his NBA franchise. Photo: Christopher Ebdon via Flickr

Boeing 757 of the Mavericks

Mark Cuban’s second plane is a 28-year-old Boeing 757 that he bought for $36 million to transport his NBA club, the Dallas Mavericks. The Mavericks were purchased by Cuban in 2000, shortly after the G550 was purchased. Cuban claims he came up with the strategic idea for the plane, notably focusing on giving space for players taller than seven feet, but refusing to provide details on how the jet is outfitted.

A weight facility, customised meeting setups, and space for medical treatments, as well as coaching and connectivity tools, are all available. While there is no film of the aircraft’s inside, it sounds similar to NIKE’s and Teague’s concept for professional players and sports teams, which was built exclusively for them.

The seats on Cuban’s 757 can accommodate people up to seven feet tall, precisely like the NIKE and Teague cabin concept. Photo: Teague

Cuban has also stated that he attends all of the team’s games and that the specially outfitted cabin gives them a competitive advantage.

The Mavericks’ 757-200 will fly 600 hours per year on average. When the NBA season is done, Cuban charters the plane to larger groups in need of first-class accommodations. The plane was modified in 2006 with Aviation Partners Inc’s Blended Winglet Technology, which increased its range and eliminated long-haul refuelling stops.

The plane, which is registered as N801DM, is currently ferrying the Mavericks back and forth between Dallas and other Western Conference sites.

Given its new owner, Cuban's private 767 appears unlikely to fly again.

Given its new owner, Cuban’s private 767 appears unlikely to fly again. Photo: redlegsfan21 via Wikimedia Commons

The 767 has a bleak future

The 38-year-old Boeing 767-200 was, unsurprisingly, the most expensive plane in Cuban’s collection. Initially, Cuban purchased the widebody with the intention of renting it out for high-end charter. There are 98 business class seats on board. Meanwhile, it appears that it has been assigned to the Mavericks and is registered as N767MV.

The plane, which is generally operated by Atlas Air, has been kept at Marana Pinal Airpark in Arizona since February of this year. It had previously spent five months at Tampa International Airport in Florida.

Despite the fact that there is no record of Cuban selling the plane, it appears to have changed hands just last month, from Cuban’s MLW Aviation to Wyatt Aerospace. The latter specialises in locating and supplying aviation parts, as well as purchasing and dismantling aircraft. Mark Cuban’s private aircraft fleet may have just lost one widebody jet.

What private jet would you choose if you had the option? What would you do with it if you had no restrictions on what it could look like? For the first ride, who would you invite? Tell us about it in the comments section below.

Source Link

Cover Photo Credit: Getty Images