Shaquille O’Neal Admits He Learnt Business From $600 Million Worth NBA Legend Magic Johnson

Shaquille O’Neal has been successful in all walks of life. At first, the Big Diesel dominated the NBA with his freakish abilities. As one of the most dominant forces to come into the league, he was rightfully a part of the NBA 75 list. Moreover, after retirement, he took to the world of business and investing. However, every man has to learn first, and for Shaq, he had the help of another legendary Laker.

For most NBA players, after finishing up their careers, with much wealth at their disposal, they live a lavish lifestyle. However, that doesn’t last long, and it quickly leads to them exhausting their money. But for Shaq, he knew how to use his nearly $300 million career earnings and get the best out of it.

However, it wouldn’t be possible without the help of Magic Johnson.

Shaquille O’Neal had Magic on his side

It is no secret, Shaq is a business tycoon. With multiple investments and owning several popular franchises, O’Neal has never stopped growing. He has learned how to use his acquired wealth and expand it through investing. But the question does come, where did he learn all this from? In a recent interview, Shaq revealed how Magic Johnson told him he should start investing.

After a dominating 19 season career in the NBA, Shaq received advice from Magic to start investing. During his interview with CNBC, Shaq spoke about his investment journey and how Magic told him that, at some point, he should start investing in businesses. And Shaq took that advice to heart and explained how following the rules is all it takes.

He said, “I learned from the great Magic Johnson that it’s okay to be a superstar basketball player, but at some point, you want to start investing in businesses. And it’s a simple motto. If it works, you follow the rules, it will continue to work.”

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Since his retirement, Shaq has managed to expand his wealth and amass a net worth of $400 million. And with investments in companies such as Google and owning hundreds of fast-food restaurants, there is no doubt that Shaq will only further grow as a businessman.