Mark Cuban is notoriously bold in his deal-making. But even by his standards, dropping millions of dollars on a mansion he’s never set foot in is a move that could raise eyebrows.
The billionaire entrepreneur and former Shark Tank star revealed he snagged a $25 million estate at a jaw-dropping 50% discount, a deal he says exemplifies one of his core investing principles.
Cuban reflected on the purchase in a 2022 interview with GQ. During his days at MicroSolutions (the company he ultimately sold for $6 million in 1990), his partner, Martin Woodall, told him about an “amazing house” going into foreclosure. It was a home the owner had spent three years building and a “dream home” to the original owner’s wife and whole family, Cuban said.
But unfortunately, the owner was forced to sell the home when the stock market crashed, and he lost everything. So, Cuban,…
