Mark Cuban: This Is the Biggest Thing People Don’t Understand About Billionaires

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On paper, it seems that people like Elon Musk, Jeff Bezos and, to a lesser degree, Mark Cuban, with a net worth of almost $9 billion, have money to solve all the world’s wealth distribution, hunger and homelessness issues in a heartbeat. But that’s not necessarily true.Read More: If Mark Zuckerberg’s Wealth Were Evenly Distributed Across America, How Much Money Would Every Person Get?Find Out: The 5 Car Brands Named the Least Reliable of 2025Billionaire Mark Cuban broke it down in a Bluesky thread, emphasizing, “This is not sympathy.” In an objective way, he shared exactly how billionaire wealth works, because, he wrote, “If you are going to eat us all, at least understand that whatever you think will be available to cure society’s ills, it won’t be a fraction of what you expect.”Also see six things Mark Cuban wants you to stop doing with your money.Cuban is a self-made billionaire who launched a software company at age 24 and later sold it to CompuServe for $6 million, according to CNBC. “When I was broke and sleeping on floors, I really couldn’t conceptualize what that much money really was. It was inconceivable to me,” Cuban said on Bluesky.However, he went on to point out that net worth can be very different from cash in the bank. “When someone is a billionaire, they rarely have their networth [sic] in cash. And I think that is what people misunderstand even about musk, bezos, Zuckerberg [sic] and those of us with far less, relatively speaking. Almost all of them have their wealth in the stock of companies they started and continue to own,” he said.Check Out: I Asked ChatGPT What Would Happen If Billionaires Paid Taxes at the Same Rate as the Middle ClassLiquidating those investments often means paying significant taxes. “I think Elon sold about 40b [sic] in stock,” Cuban wrote. “At least 30 pct [sic] of that went to taxes.”Cuban added that he paid $11 million in taxes to the state of California when he sold the Dallas Mavericks. “I don’t live in California,” he wrote. “But the Mavs played games there.”In addition to potential taxes that may keep billionaires’ investments tied up, much of their wealth is directly connected to stock market fluctuations. A glimpse at the Bloomberg Billionaires Index shows changes in the wealth of the country’s top five billionaires ranging from negative $1.13 billion (Larry Page) to negative $18.5 billion (Larry Ellison).Cuban explained that if the stock market cratered and Tesla stock dropped 90%, Musk’s wealth would take a hit. While he wouldn’t be poor, he’d likely “have to pay back every loan he has ever taken against his stock,” Cuban said.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,725.00 +28.50 (+0.43%)Dow Futures46,723.00 +167.00 (+0.36%)Nasdaq Futures24,861.25 +134.50 (+0.54%)Russell 2000 Futures2,462.80 +12.40 (+0.51%)VIX15.79 +0.50 (+3.27%)Gold3,836.10 +27.10 (+0.71%)PortfolioSign in to access your portfolioSign inTop gainersCRNX Crinetics Pharmaceuticals, Inc. 45.91 +10.02 (+27.92%)QMMM QMMM Holdings Limited 119.40 +19.40 (+19.40%)EA Electronic Arts Inc. 193.35 +25.03 (+14.87%)SRRK Scholar Rock Holding Corporation 38.75 +4.26 (+12.35%)PPTA Perpetua Resources Corp. 21.16 +2.16 (+11.37%)Top losersCNXC Concentrix Corporation 47.66 -7.33 (-13.33%)MP MP Materials Corp. 68.63 -8.50 (-11.02%)KC Kingsoft Cloud Holdings Limited 15.64 -1.83 (-10.48%)IREN IREN Limited 41.86 -4.43 (-9.57%)OKLO Oklo Inc. 110.53 -8.60 (-7.22%)Most activeINTC Intel Corporation 35.50 +1.51 (+4.44%)OPEN Opendoor Technologies Inc. 8.81 -0.28 (-3.08%)SNAP Snap Inc. 8.27 -0.06 (-0.72%)NVDA NVIDIA Corporation 178.19 +0.50 (+0.28%)F Ford Motor Company 12.01 +0.39 (+3.36%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersGPUS Hyperscale Data, Inc. 0.4578 +0.0749 (+19.56%)GC=F Gold Dec 25 3,836.10 +27.10 (+0.71%)TLRY Tilray Brands, Inc. 1.1500 -0.0400 (-3.36%)EA Electronic Arts Inc. 193.35 +25.03 (+14.87%)BMNR Bitmine Immersion Technologies, Inc. 50.50 +0.93 (+1.88%)Top economic events