NBA legend Shaquille O’Neal is not only one of the greatest to ever play, but he is also one of the wealthiest. The way he got there was mainly due to smart business decisions. Shaq owns around 200 companies, 172 restaurants, and 40 fitness centers and has a net worth of $400 million. Interestingly, he finally broke his silence on the team that is behind his success.

Shaq made millions through his salary and endorsements. In fact, he still does make millions from endorsements. But he understood long ago that he needs to build generational wealth. He did that by investing in various things. Shaq was one of the early investors in Google and he has also invested in Lyft, Papa John’s, Forever 21, and many other big companies. And he had a team that helped him do all that.

Shaquille O’Neal says the buck stops at him

Shaq retired from the NBA and he used his time to concentrate on his business. But he was tired of being left clueless and he decide to get an MBA. And if anyone ignores him in meetings, Shaq says,” I say, hey speak to me. This is my team, but I’m the guy who makes the ultimate decisions, so pitch to me.”

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He then talks about his team. Shaq says he built it the same way he found success on the basketball court. He put a team with different skills together and made sure that they gelled together to make the right decisions.

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Shaq is a good leader as he delegates his responsibilities and asks them to present investment opportunities to him. Everything will have a small summary and when he is interested, he goes into a deeper briefing. Shaq looks at any business chance, but he is more inclined that can leverage his personal brand.

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Shaq is considered to be very grounded when it comes to dealing with his team. He treats them with respect and he gets rewarded for it. He also feels like he has a responsibility to his community, as he was given an opportunity. But when it comes to his business, his team may help him out, but he is the ultimate decision-maker.