While Cuban says he doesn't remember exactly how much he paid nearly 30 years ago, he figured it to be a smart investment at the time. The paperwork showed up a few days later. "All my friends were drunk when I bought it," he adds. "So I used the phone to call and asked them if they sold life time passes. "We were at an old school steakhouse that had phones at the tables," Cuban explains to CNBC Make It. (For comparison, that amount in January 1990 had same buying power as $1,175,293.56 in March 2018, adjusting for inflation.) In 1993, the price increased to $1.01 million, and by 1994, American stopped selling the unlimited passes - perhaps because one owner of the pass flew over 40 million miles, according to the Los Angeles Times.īut Cuban had decided globetrotting would be a fun way to spend his windfall. In 1990 the pass cost $600,000, including a companion ticket.
The passes cost $250,000 when they were introduced, according to the Los Angeles Times, and buyers could shell out another $150,000 to add a companion pass. In 1981, American Airlines introduced the lifetime unlimited AAirpass, a ticket to fly anywhere as often as you wanted - for a steep fee. So Cuban pitched an idea to his pals: "I told them I wanted a lifetime pass on so I could go anywhere anytime," Cuban tells CNBC Make It. "I gave up a lot, personally, early on to try to accomplish my goals," Cuban said on "The Thrive Global Podcast," "knowing that if I ever reach the levels of success even close to where I ended up, I was just gonna have fun."īy the time of the dinner, Cuban had decided it was finally time to do just that. Since founding MicroSolutions seven years earlier at age 25, he'd been solely dedicated to work and had gone all those years without a vacation, according to his blog.
It was a question Cuban had thought a lot about.
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