Despite their horrible performance this season, there is no denying the Los Angeles Lakers are one of the greatest teams in the NBA. The franchise has 17 NBA titles to their name and have legends like Magic Johnson, Shaquille O’Neal, Kobe Bryant and LeBron James play for them.

Interestingly enough, Magic Johnson mentored a young Shaq during his initial years. Furthermore, Johnson still has the higher net worth compared to Shaq, despite the latter’s immense popularity.

Shaq got money advice from Magic Johnson

While Shaquille O’Neal was netting in millions of dollars and was busy breaking backboards in the NBA, he was terrible with money. Incredulously, he spent a million dollars in just one hour buying luxuries!

Apparently, it was Magic Johnson who put Shaq on the right track with some financial advice. Talking about how Johnson helped him, Shaq said, “When I first got to L.A., [Johnson] said ’Shaq, it’s okay to be famous and all that but at some point, you want to start owning things.”

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Little did Johnson know that the young 7-foot-1 inch centre he helped with money will have one of the highest net worths in all of the NBA.

How much is Shaquille O’Neal worth?

Shaquille O’Neal had one of the best careers in the NBA. He won 4 NBA titles with teams like the Los Angeles Lakers and the Miami Heat. 

Thanks to his exploits on the court and his ventures off of it, Shaq has one of the highest net worths in the NBA. O’Neal has a reported net worth of around $400 million, according to Celebrity Net Worth.

Interestingly enough, he earned around $292 million in salaries alone. Moreover, he earned over $200 million in endorsements during that period. He still earns a whopping $60 million yearly despite having retired from the NBA for some time now.

What is Magic Johnson’s net worth?

Magic Johnson is widely regarded as one of the greatest players ever. He won the NBA titles a whopping 5 times among other individual accolades. Moreover, he has had a successful career outside of the basketball court.

Magic has an impressive net worth of around $620 million, according to Celebrity Net Worth. Johnson launched his entrepreneurial venture, Magic Johnson Enterprises after retiring from the NBA. It is valued at around $1 billion that has contributed to his net worth.

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Furthermore, he is the owner of Magic Johnson studios and is also a stakeholder in the Los Angeles Dodgers baseball team, which he acquired in 2012.