How billionaire Mark Cuban teaches his children to live a simple, unobtrusive life

Tram Ho

Mark Cuban is the owner of the famous basketball team Dallas Mavericks, owning a fortune of more than $4.7 billion, according to Forbes . Billionaire Mark Cuban and his wife Tiffany Stewart have three children Alexis, Alyssa and Jake. In particular, this year 19-year-old Alexis has just graduated from the prestigious Hockaday School, a school exclusively for girls in Dallas, Texas. Despite being a billionaire, Mr. Cuban has a very strict way of teaching his children, absolutely not spending money on useless things.

Billionaire Cuban and his wife took a page out of a parenting book by Bill Gates and Melinda Gates. He always makes sure his kids can contribute their energy to the daily household chores. Their family only has a nanny who works all the time and comes home, no chef and personal butler. So, every weekend, all housework is done by family members. There, Mr. Cuban set an example by working in the kitchen himself.

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Billionaire Mark Cuban and his children. Photo: Alexis/Instagram

Even though his daughter attends a famous school, with tuition fees up to 32,000 USD, the owner of the Dallas Mavericks football team absolutely does not allow his eldest daughter to use his credit card, so that she cannot buy everything she wants. . 16-year-old Alexis went to practice in the summer instead of just staying at home. She does a good job and earns her own money, to spend what she wants. However, Alexis has a virtue that Mark Cuban loves very much, and that is thrift. In most of the money earned Alexis kept.

In fact, Alexis also never shows off her lavish mansion or family vacation villa on social networks. She also hasn’t posted any photos of the inside of the $40 million private jet that her wealthy father owns.

It is known that Alexis grew up in a French castle-style house located on a land of more than 28,000 square meters. The 2,000-square-foot mansion has 10 bedrooms and 16 bathrooms, plus a swimming pool, spa, basketball court and even a full-sized tennis court. In addition to this mansion, the Cubans also have another home in California, called the Laguna Beach vacation home with 6 bedrooms and 9 bathrooms.

On Instagram, billionaire Mark Cuban often posts pictures of TikTok videos with his children, especially his eldest daughter Alexis. He appreciates these little moments and shares them with fans.

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Billionaire Mark Cuban and eldest daughter. Photo: Mccuban/Instagram

The reason billionaire Mark Cuban has such a strict parenting style is because in his youth, he had a business idea early and also experienced many mistakes. In an interview on Bloomberg ‘s “Business Masters” podcast in 2014, Mr. Cuban said that when he was 12 years old, he asked his father for money to buy an expensive pair of shoes, but his father’s response made him he never forgot.

“The shoes you are wearing are still in good use. If you want to buy a new pair of shoes, find a job where you can make money and buy them yourself,” the 62-year-old billionaire shared about his father’s answer. me. It was the moment that changed his life and spurred businesses, he said.

Mr. Cuban started by selling garbage bags to families in the neighborhood with a profit of 3 USD / bag. At the age of 16, he found a new business opportunity, when the local newspaper company went on strike, he bought newspapers from another city and sold them where he lived until things calmed down again. While in college, Mr. Cuban continued his business, first opening dance classes on campus and then renting space near the school to host disco parties.

After becoming rich by founding and investing, Mark Cuban immediately shopped a long list of valuable properties. In addition to the luxury villa, Mark Cuban proved to be a sophisticated player when he spent 41 million USD to buy a ship – a mobile castle with full luxury amenities. Cuban also owns a luxurious and high-class Boeing 767. He is considered one of the most willing billionaires in the world.

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Source : Genk