Former NBA player Shaquille O’Neal is one of the most frequently featured athletes in the media and has become a mogul after retiring from professional basketball. At the heart of his wealth are the investments he has made over the years in successful companies in the United States.
The life of an athlete after retirement is generally marked by a lot of uncertainty. There are many cases of athletes who have seen their money wasted over their careers due to poor management, or who have simply spent their saved money on the luxurious lifestyle they were used to, without any future plans to maintain it.
Shaquille O’Neal is one of the few players in the NBA who has managed to multiply their fortune after retiring: “I’ve got to invest 75 percent of what I have.”
|Date of Birth:||Mar 6, 1972 (50 years old)|
|Net Worth||$400 Million|
|Height||7 ft 1 in (2.16 m)|
|Nationality||United States of America|
|Profession||Basketball player, Television producer, Actor, Film Producer, Rapper, Real estate entrepreneur|
What is Shaquille O’Neal’s Net Worth?
At the time this article was written Shaquille O’Neal’s net worth is $400 million. He earned $292 million only in salary during his NBA career and more than $200 million from endorsements in the same period of time. Besides the fact that he retired for many years, O’Neal still earns almost $60 million per year from different business endeavors and endorsements.
Shaquille O’Neal’s early life
Shaquille O’Neal is the son of Joe Toney and Lucille O’Neal. He was born on March 6th, 1972 in Newark, New Jersey. Soon after Shaq was born his father left his family due to some drug problems. When Shaq was 2 years his mother married the U.S. Army sergeant, Phillip Harrison. His family moved from Newark to Germany and Texas over time.
While growing up Shaq was part of the Boys and Girls Club of America and this helped him to stay away from the streets and temptations. In high school, O’Neal gained attention thanks to his basketball talents, and in his senior year, he led the San Antonio’s Robert G. Cole High School team to the state championship.
During his studies at the Louisiana State University, O’Neal was a two-time All-American basketball player and a two-time SEC player of the year. Also, in 1991 he won the Adolph Rupp’s Trophy for the NCAA men’s basketball player of the year.
He was selected by the Orlando Magic during the 1992 NBA project. In the first week, his skills earned him the title of “Player of the Week,” becoming the first player to earn that honor within a week of his debut.
Shaquille O’Neal played brilliantly in the following years, and in 1996, he was selected for the Olympic Games, to play for the country as part of the Olympic basketball team of the United States. The tournament, which took place in Atlanta, Georgia, proved to be one of the most difficult and challenging of his entire career. His amazing skills led to the team winning the gold medal.
In 2000, Shaquille was named the NBA’s Most Valuable Player. He signed a contract with Los Angeles Lakers for three years for $88.5 million. Despite helping his team win three consecutive world championships (2000, 2001, and 2002), that time has been a difficult one. He had several disagreements with team members, so he was traded to the Miami Heat in 2004.
In February 2008, O’Neal began playing for the Phoenix Suns. However, the initial games with the team suffered mostly losses, for which O’Neal took the blame, saying that he was not in tune with the other players.
Later, in June 2009, he joined the Cleveland Cavaliers and played for them in the 2009-2010 season. This season was also when he became the oldest NBA player in the history of the sport.
On June 1, 2011, after playing for nineteen years, O’Neal announced his retirement through social media. Two days later, he officially announced his retirement and held a press conference at his home in Orlando.
Shaquille O’Neal’s music career
Shaquille O’Neal began composing rap music in 1993. His first album “Shaq Diesel” was released in the same year. With songs like “I’m Outstanding” and “Let Me In, Let Me In,” the album was a huge success. Although it received negative reviews for the most part, it reached number 25 on the Billboard 200. Eventually, it become certified platinum.
His next album “Shaq Fu: D Return” was released in 1994. Although not as successful as his first album, it was a moderate success. It was ranked 67th on the Billboard 200.
The third and fourth albums, “You Can’t Stop Reigning” and “Respect,” were released in 1996 and 1998, respectively.
Shaquille O’Neal’s acting career
“Blue Chips”, a 1994 basketball drama, was the first film in Shaquille O’Neal’s acting career. Directed by William Friedkin, the film also starred Nick Nolte, Mary McDonnell, Ed O’Neill, J. T. Walsh, and Alfre Woodard. The film, however, did not do very well commercially.
He starred in the 1997 American superhero action film Steel. Written and directed by Kenneth Johnson, the film was based on Steel, a DC Comics character. However, the film proved to be a commercial failure. The reviews were mostly negative.
O’Neal has appeared in several movies over the next few years, including “The Wash” (2001), “Bunny House” (2008), “Grown Ups 2”, (2013), and “Blended” (2014).
Awards and achievements
Shaquille O’Neal’s amazing basketball skills have earned him numerous awards, including the FIBA MVP World Championship (1994), the US Men’s Basketball Athlete (1994), and the Most Valuable NBA Player (2000).
Personal life and inheritance
Shaquille O’Neal married Shaunie Nelson in 2002. They have four children. He also has a daughter from a previous relationship with Arnetta Yarbourgh. Eventually, Shaunie and O’Neal divorced.
He currently lives in Orlando, Florida, where he also created an indoor basketball court.
Shaquille O’Neal businesses
Shaquille O’Neal has businesses in various fields and never ceases to expand his business empire.
O’Neal once became the image of a carbonated beverage called “Soda Shaq,” which today costs more than $1,000 for a bottle and is considered a collectible.
Shaquille is also behind many good money-making businesses around the world, co-owning 155 restaurants selling Five Guys burgers.
He received more than $4 million in 2019 in the form of shares from those who sell the Papa John’s pizza brand when he was co-opted into the steering committee to lobby the brand.
In addition, the former NBA star owns 150 car washes, 40 non-stop gyms, and a chicken store called Big Chicken, which is located in Las Vegas.