Shaquille O’Neal on the Similarities Between Basketball and Entrepreneurship: ”Never Micromanage!”
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LOS ANGELES, CA – JANUARY 25: Former NBA player Shaquille O’Neal speaks at the 12th Annual Lakers All-Access Event at Staples Center on January 25, 2016 in Los Angeles, California. (Photo by Michael Tullberg/Getty Images)
Shaquille O’Neal has had a successful NBA career, with four championships to his name. He won three with the Lakers and one with Miami Heat. Even after his retirement, he has been fairly successful as an analyst and media personality. Moreover, he has tasted success in business and investments.
According to CelebrityNetWorth, Shaq’s current net worth is $400 million. He earned $292 million from salaries throughout his career and another $200 million from endorsements during the same period. He has minority ownership in the Sacramento Kings. O’Neal also has investments in Lyft, Ring, and Vitaminwater.
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LOS ANGELES, CA – MARCH 14: TV personality/retired basketball player Shaquille O’Neal onstage at The Comedy Central Roast of Justin Bieber at Sony Pictures Studios on March 14, 2015 in Los Angeles, California. The Comedy Central Roast of Justin Bieber will air on March 30, 2015 at 10:00 p.m. ET/PT. (Photo by Kevin Winter/Getty Images)
Shaq has a vast portfolio that boasts Apple and General Electric from the 90s and eSports teams from recent times. This makes him a successful entrepreneur. In a recent interview, Shaq opened up on the similarities between basketball and entrepreneurship.
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Shaquille O’Neal opens up on similarities between basketball and entrepreneurship
Shaquille O’Neal recently appeared for an interview on ‘The GaryVee Audio Experience Podcast’. During the podcast, Gary Vaynerchuk asked him about the similarities between basketball and entrepreneurship.
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“Your answer is teamwork,” Shaq replied.
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“Oh, another answer is trust. The final answer is never micromanage. I am the leader, I do not micromanage my agents. I am the leader, I do not micromanage…You know my teammates, they’re not yes men, they’re my teammates. If I make a bad pass, even though I’m a Hall of Famer, they say Shaq made a bad pass.”
Everyone knows Shaq’s success in the business sector. However, very few know how he made millions from his investments and entrepreneurship. He has always been an omnipresent figure in the media but he spends an equal amount of time planning his investments. Shaq has been successful in the restaurant business, fitness franchise, tech, real estate, among others.
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As of now, Shaq has a net worth of $400 million. And he’s not showing signs of slowing down.
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