The Mavericks' historic championship win called for a $110,000 celebration Reuters

After the Dallas Mavericks won their first ever NBA championship, owner Marc Cuban treated his team to a six-figure celebration.

The team rang up $110,000 at Club Liv in Miami's Fountainbleau Hotel, and $90,000 of the tab was from a single bottle of champagne: a Nebuchadnezzar of Armand de Brignac - a 15L bottle that is the equivalent of 20 regular sized bottles. Cuban also left a $20,000 tip for the wait staff after partying with the team until 5 a.m.

The extravagant celebration was worth every penny, Cuban told the New York Post.

Cuban, who was born into a working class Jewish family in a Philadelphia suburb, is a billionaire entrepreneur active in a variety of ventures. In addition to the Mavericks, he owns Magnolia Pictures, Landmark Theatres, and is chairman of HDNet, the HDTV cable network.

He got his first taste of astronomical wealth during the dot com boom: The record-breaking IPO of his web radio company made Cuban and co-founder Todd Wagner instant billionaires. In 1999, was sold to Yahoo! for $5.7 billion.

Cuban is currently ranked number 459 on Forbes' World's Richest People list. His estimated net worth is $2.5 billion.