Mark Cuban Needs Just A Fraction Of His Wealth: 'I'd Be Just As Happy With...'

Mark Cuban, the billionaire owner of the NBA's Dallas Mavericks and co-founder of CostPlusDrugs, recently spoke to CBS’s “Sunday Morning” and made a surprising statement — he says he’d be just as happy today with as little as 1% of his estimated $4.6 billion fortune.

When asked if he’d be content with only $46 million, which is 1% of his net worth, Cuban, 64, confidently replied, “Yes. If I had my same family and everything, for sure.”

Despite $46 million being far more than the average American thinks they need to retire comfortably, Cuban is adamant that wealth is not the key to happiness.

The billionaire’s story of wealth accumulation is a classic rags-to-riches tale.

After selling his first company, MicroSolutions, at the age of 32, Cuban was prepared to retire with $2 million in the bank.

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Though, he told CBS that his competitive nature wouldn't allow him to sit still, leading him to start the first online streaming company, Broadcast.com, with his friend Todd Wagner.

In 1999, Yahoo! — now owned by Verizon Communications Inc. VZ — acquired the company for $5.7 billion in stock, turning Cuban into an instant billionaire.

Despite massive wealth, Cuban said he's worked hard to maintain his down-to-earth perspective and ensure that his wealth hasn't changed him.

Confirming this, a group of friends from his youth who were interviewed by CBS said that Cuban hasn't changed much from their childhood days.

Cuban credits his contentment to simply being grateful for the increased security and peace of mind that his wealth provides, as well as recognizing the role of luck in his success.

He told “The HoopsHype Podcast” in 2020, “I just try to appreciate it, and not take it for granted, and not let it spoil me or my kids.”

Cuban's story serves as a reminder that money can't buy happiness and that true contentment comes from appreciating the things that matter the most — family, friends, and good health.

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Photo: Gage Skidmore on flicker