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Former professional basketball player/author Shaquille O’Neal speaks on stage during LIVE from the NYPL: Shaquille O’Neal held at the New York Public Library – Stephen A. Schwartzman Building in New York City. (Photo by Brent N. Clarke/Getty Images)
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Former professional basketball player/author Shaquille O’Neal speaks on stage during LIVE from the NYPL: Shaquille O’Neal held at the New York Public Library – Stephen A. Schwartzman Building in New York City. (Photo by Brent N. Clarke/Getty Images)
Shaq’s greatest achievements include winning four NBA championships and becoming one of the most dominant players in the league’s history. However, he has also conquered the business world and is quite an entrepreneur. Over the years, Shaquille O’Neal has stacked up many successful businesses and made smart investments that have led to his $400 million net worth.
Moreover, Shaq has been trying to instill a sense of responsibility in his kids by reminding them that he’s the rich one, not them. That hasn’t stopped him from boasting about his prowess in the world of business.
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Shaquille O’Neal is proud of his financial profile
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SANTA MONICA, CALIFORNIA – JUNE 24: Shaquille O’Neal attends 2019 NBA Awards at Barker Hangar on June 24, 2019 in Santa Monica, California. (Photo by Leon Bennett/WireImage)
The Hall of Famer recently appeared on the ‘Earn Your Leisure’ podcast, which is a financial literacy podcast hosted by Troy Millings and Rashad Bilal. In a conversation with them, the Los Angeles Lakers legend revealed some amazing details about his financial profile that will definitely impress fans.
“I don’t’ like to seem like I’m bragging, but I’m going to ask you a question. Who owns Marilyn Monroe,” O’Neal asked. Millings responded with “Playboy”. Then he added, “Who owns Elvis Presley? Who owns Forever 21? Who owns JCPenney? Me!”
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Here’s what he did to become rich
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LOS ANGELES, CA – FEBRUARY 18: Shaquille O’Neal arrives ahead of the 2018 NBA All-Star Game at the Staples Center in Los Angeles, California on February 18, 2018. (Photo by Philip Pacheco/Anadolu Agency/Getty Images)
After he was done with his statement, he explained how he made all this come true. “My real business is I own 50 brands,” he started off. “So, when I was retiring, I’m looking around, I’m like ‘How does Michael Jackson and all these guys live forever?’ So, one of the chapters in the book, joint venture-ship.”
“I called the three companies [seemingly Authentic brand group, Simon property group, and Brookfield property partners] that helped people live forever, and they bought my brand for a lot of money. So, I took half that money, put it back in the company, now I’m the number two guy in the company,” he concluded.
If we look at it, the $286.3 million that Shaq earned playing basketball were used for the right investments. In fact, a recent expansion of his Big Chicken restaurant is also in the books. He has certainly found the road to success even off the court.
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