Billionaire investor and Shark Tank star Mark Cuban has come under scrutiny recently after reports surfaced about his ownership of a 3,700-square-foot condo in the Trump International Tower located at One Central Park West in Manhattan’s Upper West Side. Despite being a prominent backer of Vice President Kamala Harris during the presidential election, Cuban has no qualms about owning multiple properties in a building that is partially owned by former President Donald Trump.
Cuban purchased his first condo in the Trump International Tower in 2000 for $13.8 million, well before Trump announced his presidential campaign in 2016. He later bought another unit on the same floor for $3.3 million the following year. Public property records confirm that Cuban still owns both condos, which are now estimated to be worth a combined $13 million. Cuban revealed that he had considered selling his properties in the Central Park One building, but decided against it due to a significant drop in prices over the last eight years.
In comparison, Trump owns a smaller 460-square-foot unit in the building, along with around 10,580 square feet of retail space and the building’s garage. His commercial interests in the property are estimated to be worth a combined $4.9 million after debt, making his total portfolio in the building just over $5 million. Despite his ownership stake in the building, Trump’s net worth is reported to be $5.8 billion, with most of his fortune tied up in shares of his social media platform Truth Social.
The Central Park One tower, originally known as the Gulf and Western Building, was redeveloped by Trump along with the Galbreath Company and General Electric Investment Corporation in the 1990s. There were plans to rebrand the building as the Trump International Hotel and Tower without the president’s name in 2019, but the condo board ultimately decided to keep the signage. Cuban’s fortune, on the other hand, stems from the sale of Broadcast.com in 1999, which he and business partner Todd Wagner sold to Yahoo for $5.7 billion in stock.
Despite his previous support for Vice President Harris during the election, Cuban tweeted his congratulations to Trump and Elon Musk after Trump’s victory on Nov. 6. Cuban also deleted all his previous tweets promoting Harris and declined to provide a reason for the deletion when questioned by Forbes via email. Cuban, who owns more than $80 million worth of property including a $23 million Dallas mansion and a $29 million beachfront home in Laguna Beach, made headlines with his tweet supporting Trump after the election.
Overall, Cuban’s net worth is estimated to be $5.7 billion, with much of his wealth coming from the sale of Broadcast.com and his ownership of various properties. While his ownership in the Trump International Tower has raised some eyebrows given his past political affiliations, Cuban remains a prominent figure in the business and investing world, with a diverse portfolio of assets that have contributed to his substantial fortune.
