- Shaquille O’Neal is a former basketball player, television host, product endorser and successful businessman.
- Shaquille O’Neal business ventures have played a significant role in boosting his net worth. The former Los Angeles Lakers centre has a net worth of $400 million.
- Since joining the business world, Shaquille O’Neal has made several big investments. His business venture includes a line of basketball shoes made by Walmart.
Shaquille O’Neal business ventures date back to the 1990s, when he was an active bond investor.
The former basketball player is currently a sports analyst on the television program Inside the NBA.
Shaquille O’Neal is undoubtedly one of the greatest NBA players of all time. The 7-foot-1-inch (2.16 m) NBA legend played for six teams during his time on the court.
He played for Orlando Magic, Los Angeles Lakers, Miami Heat, Phoenix Suns, Cleveland Cavaliers and Boston Celtics.
O’Neal is a four-time NBA champion who won multiple individual accolades in his 19-year career in the National Basketball Association.
Shaquille’s major individual awards include NBA Rookie of the Year, NBA Most Valuable Player, USA Basketball Male Athlete of the Year and Texas Mr Basketball.
His No.34 jersey is retired by Los Angeles, No. 32 retired by Miami Heat and No. 33 retired by LSU Tigers.
Shaquille O’Neal business ventures are as great as his basketball career.
Shaquille O’Neal is a successful businessman. Photo/ AL.com.
How Many Businesses Does Shaquille O’Neal Own?
Shaquille O’Neal business ventures are extensive and diverse, holding fifty different businesses. He was able to easily venture into the business world after retirement because of the huge amount he earned from his basketball career.
According to Basketball Noise, Shaquille O’Neal retired after earning more than $292 million in salary alone. The former USA Basketball Male Athlete of the Year had also made around $292 million from endorsement deals and his investments.
Shaq has significantly increased his net worth since becoming a businessman.
The 50-year-old has proved to be a successful businessman, effectively taking care of his enterprises. Apart from being the boss, Shaq ensures he is personally involved in the affairs of his businesses so as to boost their value.
As of 2022, Shaq owns 150 car washes and 40 24-hour fitness centres. The basketball legend also owns several Las Vegas nightclubs, a shopping centre and a movie theatre.
Shaquille O’Neal business ventures also include companies he partly owns. He has shares in The General, Icy Hot, Gold Bond, Marilyn Monroe, JCPenney, Elvis Presley and Auntie Annie’s Pretzels.
The former basketball star is also among the minority owners of NBA’S Sacramento Kings. In 2021, Shaq launched an agency named Minority.
Shaq orients himself to the middle class and has a line of business suits and jewellery. He owns Big Chicken fast food in Las Vegas and several cafeterias of the Krispy Kreme franchise in Atlanta.
Shaquille O’Neal owns Big Chicken in Las Vegas. Photo/ EL PAIS in English.
He has been a face of Papa John’s since joining the company in 2019.
Three years after joining Papa John’s as a member and investor, Shaq O’Neal received $8.5 million. He went ahead and allowed the company to use his name, photographs, voice and pseudonym in their marketing.
Shaquille O’Neal invested $840,000 in nine restaurants across Atlanta during that period. His network reportedly increased by 5% as a result of his huge partnership with Papa John’s.
Shaq’s latest business venture happened in 2021 when Myx Fitness and Beachbody merged with Forest Road Acquisition.
The new company listed Shaquille O’Neal as one of the strategic advisors, and it is obvious he will use his public profile to push the company to higher levels. The company had a value of $3 billion after the merger.
Shaquille O’Neal business ventures also include a line of basketball shoes which Walmart makes. The NBA legend has already sold more than 120 million pairs of shoes.
O’Neal has appeared in commercials for companies such as Pepsi, Nestle Crunch, The General, Hulu, Epson and Reebok.
What Is Shaquille O’Neal’s Net Worth?
Despite being among the richest athletes of all time, Shaquille O’Neal is not yet a billionaire. The legendary basketball player has a net worth of around $400 million.
His net worth is a combination of his sports, music, film career and television. Shaquille O’Neal reportedly earns around $60 million every year.
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