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MIAMI, FLORIDA – MAY 21: Shaquille O’Neal looks on prior to a game between the Boston Celtics and Miami Heat at Kaseya Center on May 21, 2023 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Megan Briggs/Getty Images)
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MIAMI, FLORIDA – MAY 21: Shaquille O’Neal looks on prior to a game between the Boston Celtics and Miami Heat at Kaseya Center on May 21, 2023 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Megan Briggs/Getty Images)
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MIAMI, FLORIDA – MAY 21: Shaquille O’Neal looks on prior to a game between the Boston Celtics and Miami Heat at Kaseya Center on May 21, 2023 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Megan Briggs/Getty Images)
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MIAMI, FLORIDA – MAY 21: Shaquille O’Neal looks on prior to a game between the Boston Celtics and Miami Heat at Kaseya Center on May 21, 2023 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Megan Briggs/Getty Images)
While Shaquille O’Neal found a lot of success on the court, it won’t be a stretch to claim that he’s had more success off it. He has earned a lot of money from his business investments, which have helped him amass a net worth of over $400 million. He was not wrong when he said that he has “always been a businessman who is athletic.” Striking the perfect balance between basketball and business, he has managed to create quite an impressive career.
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In addition to the several lucrative deals under his belt, O’Neal has gained much profit from his endorsements and TV appearances. He opened his own fast-food chain, Big Chicken as a welcome addition to his rich business portfolio. And with his most recent deal, he is all set to take over USA’s second-largest state, Texas. Intrigued? Let’s find out more.
Shaquille O’Neal plans to open 50 Big Chicken locations in Texas
Yes, you read that right! In June, the people of Houston saw the grand opening of the Big Chicken in the city. Soon after kicking off the celebration of the first restaurant in the city, the former NBA star and now an established businessman announced his next plan.
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Formula One F1 – United States Grand Prix – Circuit of the Americas, Austin, Texas, U.S. – October 24, 2021 American former professional basketball player Shaquille O’Neal is seen on the grid before the start of the race Pool via REUTERS/Darron Cummings
Alongside Texas franchise owners Frank Malik and Fazil Mallik, he plans to open more than 50 locations in Texas alone. Now that’s news! Further, the expansion is likely to happen by 2024. According to the reports, the franchise is priced at $1.4 million per location. With which the entire deal will cost him a whopping $70,000,000.
Throughout his career, O’Neal played for six different teams and earned about $292 million in salary. But according to the reports, the legend has made more money after his retirement than during his playing days. Let’s take a closer look at the deals that earned him a net worth of $400 million.
Shaquille O’Neal is a business savant
While his investment deals in Google and Apple have been some of the most successful, he also owns over 150 Five Guys hamburger restaurants. In addition to his stake in Papa John’s, he also owns 17 Auntie Anne Pretzels locations.
He already owns 20 car washes in Houston, Baton Rouge, Atlanta, and Orlando. He created his own brand Dunkman Shoes to provide sneakers at reasonable prices for low-income families. And the list goes on.
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While the people of Texas are excited about the news, we wait to watch how many wonders O’Neal’s latest $70,000,000 splurge abounds. What are your thoughts? Do tell us in the comments.