Shaquille O’Neil is an ex-NBA star and a popular business tycoon who hails from the United States of America. Starting his career as a professional boxer, Shaq has shown his excellent skills in various businesses and has built a strong entrepreneur profile also. Therefore, Shaq net worth has amassed up to $400 Million due to his multiple income streams and sources.
In this blog, we will discuss how Shaq has built a huge business empire, his investment portfolios, income sources, and assets he owns in different parts of the world. Furthermore, we will go through the personal life and biography of the former NBA champion and current business tycoon.
What is Shaq Net Worth?
Shaquille O’Neal has a smart business mind and he realized his potential to become a huge businessman and entrepreneur during his playing days. Therefore, he started taking an interest in various investments and opportunities. Today, Shaq has accumulated a net worth of $400 Million according to multiple sources. There is no point of doubt about his net worth and business successes.
Soon, after retiring from his professional basketball career, Shaq decided to shift his total focus to his businesses and investments. With the passage of time, he keeps on increasing his portfolio by investing and launching new startups. With a huge and in-depth analysis of businesses, entrepreneurship, marketing, and buying attitudes of the public, he has built a huge empire consisting of his success in businesses.
Shaq Net Worth does not depend on a single income source. But this is all because of his multiple income sources, investments in tech and real estate, Investments in various stocks, ownership of a large number of cafes, fitness centers, Fast food franchises, and partnership or percentage of stocks in huge Billion and Trillion Dollars Companies.
How did Shaq make this fortune and business empire?
Let us properly discuss each and every aspect of Shaq’s Portfolio and see how much he has invested in various types of businesses. Moreover, we will discuss the stocks, startups, franchises, assets, Car collection, real estate property, and private jets that Shaq owns with deep and true information.
Professional Basketball Career:
Shaquille O’Neal is among the top basketball players of all time in the history of the game. Furthermore, he was also inducted into the Hall of Fame for his stellar and illustrious career as a basket player. During his career, he was among the highest-paid NBA players. Therefore, his skills and game have already earned him a great amount of income. According to sources, Shaq has earned around $292 Million from his NBA salary and income. It means when he bid ado to basketball sports, he has enough money to invest in various other startups and business opportunities to increase Shaq net worth.
Moreover, he even started investing in the real estate industry during his playing days. The following table shows his salary and income over the years during his playing days.
Here’s the information arranged in separate sections of team, earning, and year:
Los Angeles Lakers
|2009-10: $20,000,000||2010-11: $1,352,181|
Total career NBA earnings = $292,198,327
Stocks in which Shaq has Invested:
From a huge pool of his income, Shaq also invests by purchasing the stocks of various companies. However, he does not just buy the stocks of any company without a complete business study and the performance of that company. Currently, Shaq has declared that he is a stakeholder in huge transport companies like Uber and Lyft and also has some stocks in tech giant Apple Inc.
Furthermore, Shaq has also stocks in two SPACs. The name of these companies is Forest Road Acquisition Corp I and Corp II. The first company started off well and almost raised $300 Million from funding. However, Forest Road Acquisition Corp I joined hands with Beachbody & Myx Fitness company. Now, the second company is also dealing with a transportation company for a joint venture.
Shaq Investments in Startups:
Shaquille O’Neal has a positive reputation in terms of startups in which he has invested from the start of his career. Therefore, he was among the investors who invested in the world’s largest search engine, Google. In an interview, he once claimed that he is regretting till now that he should have bought more stocks of Google. Currently, the search engine is worth around 1.57 Trillion Dollars. The following table shows his investments in other startups and their performance.
|Startup||Startup performance||Current Scenario|
|CityPlex12 Cinema and Theatre||$50,000 profit each year||Investment has recovered and the startup is now an established business.|
|NRG Esports, a Gaming company||N/A||N/A|
|Ring, A home security company||Sold to Amazon for $1 Billion.||Shaq earned $10 Million from this deal. He invested $1 Million in the company from the start.|
Shaquille O’ Neal Stake holdings in Fast Food Industry:
We will discuss the stake holding information of Shaq net worth in restaurants and food chains. So, it becomes easy for you to understand his investment portfolio in fast food chains. Currently, Shaq has stakes in many dining hotels and fast food chains.
- Krispy Kreme – Atlanta
- Shaquille’s Dining Chain – Las Vegas & Atlanta
- Papa John’s Pizza – 9 franchises
- Big Chicken Restaurant Chain
- Five Guys Franchise, (has 10% of the company’s stakes)
- Auntie Anne’s Pretzels – 17 franchises
- Burger Joints (155 Branches)
Shaq Real Estate Assets:
Shaq used to live in a very big house with 12 bedrooms in Orlando for many years. The house was huge and had an indoor basketball court, a garage that could fit 17 cars, and a tall wall for privacy. He bought the land for $4 million and made his dream home there.
In 2018, Shaq decided to sell his Orlando home. He put it up for sale at $28 million but later adjusted the price to $22 million in 2019.
However, nobody was interested in buying the house with that much money. So, he again set the price of the house at $19.5 Million. So, in the end, it sold for $16.5 Million. Therefore,, it was a huge boost in Shaq Net Worth.
Apart from Florida, Shaq also has another property which is a large piece of land measuring fifteen acres located outside Atlanta. Shaq bought back two thousand seventeen for one point one five Million dollars.
He also purchased another home worth one point eight Million dollars within Bell Canyon. However, he listed this home on sale in December twenty nineteen with an asking price of two point five Million dollars.
Shaq Car Collection and Private Jet:
Shaq owns a large number of expensive cars and a private jet. Moreover, the price of his private jet Gulfstream G560 is around $65 Million. However, the exact amount that Shaq paid for this jet is unknown. Besides this private jet, he has a wide collection of cars. Following is the list of cars that Shaq owns,
- Rolls-Royce Phantom
- Jeep Wrangler
- Dodge Charger SRT Hellcat
- Ferrari F355
- Lamborghini Gallardo
- Mercedes-Benz Sprinter
- Rolls-Royce Phantom VII
- Dodge Challenger
- Rolls-Royce Cullinan
Who is Shaqueille O’Neal?
Shaquille O’Neal is a retired American basketball player who grew up in Newark, New Jersey. He faced many challenges due to his size but found comfort in playing basketball.
College scouts noticed Shaq’s talent while he was attending high school and he went on to play for Louisiana State University (LSU). In 1992, Orlando Magic drafted him as their first overall pick.
Shaq played for different teams like LA Lakers, Miami Heat, Phoenix Suns, Cleveland Cavaliers, and Boston Celtics during his career from 1992-2011. He won four NBA championships and three Finals MVP awards with the LA Lakers team. Apart from basketball success stories, he also produced rap albums that were popular among fans worldwide. Currently, Shaq Net Worth is more than $400 Million.
|Date of Birth||March 6, 1972|
|Place of Birth||Newark|
|Religion||Muslim By Birth|
|Profession||Ex-Basketball player, Business Tycoon|
|Net Worth||$400 Million|
Personal Life and Family:
Shaquille O’Neal has had an interesting personal life and comes from a large family. Shaq was married to Shaunie Nelson, with whom he has four children: Shareef, Amirah, Shaqir, and Me’arah. However, the couple later on separated in 2009.
Shaq’s parents have also played significant roles in his life. His mother Lucille raised him as a single parent after his father left when he was just two years old. They remained close throughout his career as well as after retirement.
What is the net worth of Shaq?
Shaquille O’Neal Net worth is estimated to be around $400 Million. This is all because of his successful basketball career and great investments, business ventures, and investments.
How many Papa John’s does Shaq own?
Currently, Shaq has stakes in 9 branches of Papa John’s fast food chain. Moreover, he also appears in the TV commercials dn advertisements of this fast food chain. However, being a board member and stakeholder of Papa John’s, he charged $8.5 Million for the commercialization and advertisement of the company.
How many companies does Shaq own?
In a recent interview, Shaquille revealed that he has almost invested in 50 companies. And he further stated that he has plans to increase this number to more companies. Moreover, SHaq earned more money after his retirement from the professional basketball game.
Does Shaq own Reebok?
Shaq is the second biggest shareholder of the famous sportswear brand, Reebok. Recently, Reebok has been going through a rough patch if we compare it to other sports companies of its caliber, like Adidas and Nike.
Shaq Net Worth is rising day by day all thanks to his excellent business skills and investment portfolio. Moreover, Shaq started making money from the NBA and he also started investing during his playing days. Therefore, Shaq has accumulated a huge net worth of more than $400 Million. Currently, he has stakes in more than 50 major brands and he is planning to invest more in the near future.