Time is an asset we simply don’t own, which is why a “horribly expensive” private jet is totally worth it.

In 1999, billionaire Mark Cuban bought a Gulfstream V over the internet for $40 million. The sale landed him in the Guinness Book of World Records as the largest single e-commerce transaction.

Buying a private jet “is an all-time goal of mine,” says the Shark Tank star and Dallas Mavericks owner, “because the asset I value most is time. Owning a private jet will save me a lot of time.”

Billionaire Cuban added that he has always been careful when using his money, having “lived in his current home for more than 18 years and still owns old cars for a long time”. His spending of $40 million on a plane is for a good cause.

“There are too many examples to tell of how the plane has helped me,” Cuban said in an interview with Business Jet Traveler. “Flying abroad after a fancy game to be at a meeting the next morning. Leaving the meeting to get home in time for my daughter’s dance. It’s a part of my life that I can’t be without. All of these are things I don’t want to miss and the plane has become extremely useful.”

Cuban wrote in an article: “At the end of each day, time is something we can’t own and get back. That’s why I always find ways to make the most of my 24 hours. This is also why Because a private jet, no matter how expensive, makes me volunteer to buy it. It has saved me hours every day.”

Cuban, who has added two private jets to his collection, isn’t the only billionaire who thinks the expensive purchase is worth it. Self-made billionaire Oprah Winfrey says her number one passion is private jets.

Winfrey told Edward Enninful, editor-in-chief of British Vogue: “It can be said that owning a private jet is the ultimate luxury because one minute you may be in New York and the next you are on it. way to London”.