Mark Cuban got the middle seat on his first flight as a billionaire

Selling a firm for billions of {dollars} didn't instantly improve Mark Cuban's life. In reality, the longtime entrepreneur, investor and "Shark Tank" star discovered himself in the middle seat of an airplane whereas going to Las Vegas to rejoice his windfall.

"When I sold my company for billions of dollars, to go and celebrate, I was on a Southwest flight," Cuban instructed ABC News earlier this yr. "I was in the center seat facing the wrong way on the plane thinking, 'This is just perfect.'"

In 1999, Cuban and his Broadcast.com co-founders bought their firm to Yahoo for $5.7 billion in inventory. Instead of letting it go to his head, Cuban stated, a easy idea saved him grounded.

"The wisest advice I ever got was 'live like a student,'" Cuban stated. "That served me a long, long time."

That meant persevering with to stay a low-key way of life, which "took away a lot" of danger and uncertainty in his monetary life. In an electronic mail to CNBC Make It, Cuban confirmed that he "didn't change much after selling my first company" — retaining the similar automotive, home and even furnishings.

But Cuban did splurge on one luxurious merchandise, which meant his days of sitting in the middle seat didn't final lengthy: In 1999, he famously went on-line to purchase a personal jet for $40 million. His buy of a Gulfstream V enterprise jet nonetheless holds the title for the largest-ever single e-commerce transaction in the Guinness Book of World Records.

Buying a personal jet "was my all-time goal," Cuban instructed Money in 2017. "Because the asset I value the most is time, and that bought me time."

Notably, Cuban has additionally celebrated his monetary milestones in ways in which didn't at all times require massive quantities of spending. According to feedback he made at OZY Fest in New York City in 2017, he celebrated first turning into a billionaire — in 1998, when Broadcast.com went public — by dancing in the nude.

At the time, he was sitting at a laptop, repeatedly refreshing a webpage to verify Broadcast.com's inventory worth. "Obviously I knew exactly what the number was to become a billionaire," he stated. ″[The price] will get up there, after which I did my little bare billionaire dance."

Today, Cuban is the world's 247th-richest person with a net worth of $4.5 billion, according to Forbes.

Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."

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primarily based on website supplies www.cnbc.com

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