Billionaire investor and Shark Tank star Mark Cuban drew scrutiny in recent days following reports about his ownership of a 3,700-square-foot condo in the Trump International Tower, which is located at One Central Park West in Manhattan’s Upper West Side.
During the presidential election, Cuban was a prominent backer of Vice President Kamala Harris, appearing at multiple rallies for the Democratic candidate in battleground states. “Mark Cuban may not agree with Trump’s politics – but he has no problem with him as the landlord of his $13.5 million condo,” read a Nov. 4 headline from The New York Post.
Trump, who owns a small chunk of the building, isn’t Cuban’s landlord. In fact, Cuban owns multiple properties in the Trump International Hotel and Tower, which are now worth more than Trump’s own real estate portfolio in the building.
Cuban spent $13.8 million on his first condo in 2000, some 15 years before Trump announced he was running for president in the 2016 election. He then bought another 2,110-square-foot unit on the same floor for $3.3 million the next year. Publicly available property records confirm he still owns both apartments, which are worth a combined $13 million today, per Forbes estimates. Cuban told Forbes in an email that he “looked at selling” his two condos in the Central Park One building, “but the price has dropped significantly over the last 8 years.”
Trump, meanwhile, owns a 460-square-foot unit in the eponymous building that he and other investors redeveloped in the 1990s. Trump’s pied-a-terre is worth around $660,000, a fraction of the price of Cuban’s. Trump also owns about 10,580-square-feet of retail space in the building’s concourse and on the first floor, as well as the building’s garage. His commercial interests are worth a combined $4.9 million after debt, per Forbes, making Trump’s total portfolio worth just over $5 million.
Before it was reopened under the Trump name in 1997, the Central Park One tower spent more than two decades as the Gulf and Western Building. Trump reportedly redeveloped it along with the Galbreath Company and General Electric Investment Corporation, which was the owner of the building, according to a New York Times article from the time. In 2019, the Trump Organization was on the verge of rebranding the Trump International Hotel and Tower without the president’s name amid strains on Trump’s brand during his 2020 campaign for president. However, the condo’s board ultimately voted to keep the signage.
As of Monday morning, Trump is worth an estimated $5.8 billion, according to Forbes’ rankings, while Cuban is worth $5.7 billion. Most of Trump’s fortune is now wrapped up in shares of his social media platform Truth Social, with his real estate empire making up just $2.2 billion.
Cuban owns more than $80 million worth of property, including a $23 million Dallas mansion, a $29 million beachfront home in Laguna Beach and the entire town of Mustang in Texas. His fortune stems from the 1999 sale of Broadcast.com, which he and business partner Todd Wagner sold to Yahoo for $5.7 billion in stock. He sold a majority of the Dallas Mavericks NBA team in December 2023 for an estimated $2 billion (pre-tax).
After Trump’s victory on Nov. 6, Cuban tweeted to congratulate Trump and Elon Musk, the world’s richest person, who had campaigned for Trump. “#Godspeed,” he tweeted. He also deleted all his previous tweets promoting Harris. “I’ll pass,” he told Forbes via email when asked about why he’d deleted the tweets.
With additional reporting by Dan Alexander.
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