Shaquille O’Neal Net Worth 2024: Forbes, Today, Business

Shaquille O’Neal is popularly known as Shaq among basketball lovers. He is a renowned professional basketball player of America and a member of the National Basketball Association. He is also a sports analyst on a TV program as Inside the NBA. Other than being an NBA player, he is also a product endorser, entrepreneur, television host, and brand ambassador for leading franchises and companies across the United States of America.

Shaquille O’Neal Net Worth

According to the writings of Shaquille O’Neal, his net worth up to 2022 is approximately $450 million. He earned about $292 million as a salary while playing as an NBA player. Later, he earned about $200 million from various endorsements he received during the same period. Shaquille retired from a basketball game for many years. However, he continued to earn about $60 million in one year from different business endeavors and endorsements up to this day.

Career and Income Sources of Shaquille O’Neal

Shaquille O’Neal is one of the renowned basketball players and he has earned approximately $292 million only from playing basketball games. However, Shaquille is much more than only a successful sportsperson. He is the second largest shareholder in the famous Authentic Brands Group. Hence, Shaq will earn approximately between $230 million and $270 million whenever the retail brand will go public. However, the details related to Shaquille O’Neal’s income sources are as follows:

Earnings As a Basketball Player

Shaquille was a brat of military bases in Germany and Texas. He started his professional career in basketball in 1992. He gained his name as Rookie and All-Star of the Year. Later, O’Neal signed a 7-year contract of approximately $120 million with the LA Lakers. It was inked as one of the biggest deals in the arena of basketball. Shaquille O’Neal also won the National Basketball Association championship four times to become a famous player in the USA.

He played for many teams, including Miami Heat, Phoenix Suns, Boston Celtics, and Cleveland Cavaliers. He also became part of a basketball team in the Olympics in 1996, which led him to become an Olympic Gold Medalist. According to the achievements of Shaquille O’Neal, the player earned most of his fortune right from his basketball career and is approximately equal to $292 million.

Investment in a Coin-Pperated Car Washing Business

Shaquille had a strong interest in business even when he was on the basketball court. He hired a professional accountant to maintain his finances. His first investments were in a coin-operated car washing business. He did not have any idea of using the coins and kept them at his home. One day, his hired accountant freaked out missing approximately $250,000 on his financial book. Later, he identified the same in the form of coins or loose change at Shaquille’s home.

Investment/Shares in Diverse Sectors

Car washing units were merely the beginning of the foray of Shaquille O’Neal into the investment and franchise world. Until now, he invested in franchises, startups, stocks, and real estate. A majority of his net worth today has also been obtained from his diverse business ventures. In particular, O’Neal has assets in Krispy Kreme, 24-Hour Fitness, and Papa John’s centers. Even though we do not have any detail related to their exact holdings, we have data related to his invested franchises and the estimated value associated with his holdings of real estate.

According to the information he shared in front of the public and the press with his salary of $292 million from basketball, we have estimated that his portfolio has 36 percent of franchises, 21 percent in real estate, 25 percent in Startup ventures, and 18 percent in stocks and several other holdings. Besides, the company expects to file an initial public offering amount in the coming few years to make Shaquille O’Neal earn a lot to achieve a massive net worth.

Shaquille’s Stake in Many Restaurants

Shaquille has a stake in many restaurants, which include Big Chicken Restaurants, Papa John’s Krispy Kreme in Atlanta, and his dining chain with locations in Las Vegas and Atlanta. He was also a 10 percent owner of the entire franchise portfolio operated by Five Guys, which resembles 155 burger joints and 17 Pretzels by Auntie Anne. He has also remained a board member and brand ambassador of Papa John’s since 2019.

Other Investments and Income Sources

Shaquille was also an investor in Google, as he was inspired by the massive $1.2 trillion market cap of Google. He continued to invest in many other business startups with the hope to benefit from the respective units similar to Google. He also owns a movie theatre named CityPlex12 in Newark of New Jersey. He purchased the same movie theater in 2012. As movie theaters gain an estimated profit of $50,000, he has earned a lot more than the initial investment back during the last decade.

Shaquille O’Neal also has stakes in a professional gaming company of NRG Esports and a co-founded advertising agency of Majority. If this is not enough, Shaquille has his investment of $1 million in Ring, a home security company in the United States. Later, Amazon bought the company in 2018 for $1 billion, which further increased the stake to about $10 million.

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