According to Basketball Reference, Shaquille O’Neal earned a staggering $292 million during his NBA career — but, he also made a whole lot of wise financial decisions. He may be retired, but Shaq is still one of the richest players of all time. The Diesel is widely regarded as one of the best basketball entrepreneurs, with a net worth of $400 million. He recently got his doctorate degree, so make sure to call him Dr. Shaq.
Here are Shaquille O’Neal’s most successful business ventures.
Five Guys — Many people know that Shaquille O’Neal owns Five Guys franchises, but did you know that the man owns 155 locations?
Fitness Franchise — The Diesel owns 40 24 Hour Fitness locations and he made sure to tailor all of the locations according to his standards.
Google — Although we’re not sure how he got in as a Google investor before the company went public, he did. As anyone can plainly see, this was definitely a smart business decision. Before Google went public in 2004, the company’s stock traded at $85 per share. Now, one share of Google stock stands at $1,165.93.
It’s safe to say Shaq differentiated his portfolio quite well as he also invested in Loyal3, a San Francisco startup that revolves around giving individuals IPO access.
Real Estate — Shaq has ventures in both residential and commercial properties. In 2006, he invested in The Met Miami, a residential high rise that has more than 1,000 units.
In addition to residential buildings, Shaq is a part owner of a few nightclubs in Vegas. He also invested in Newark, New Jersey properties including CityPlex12, a theater that O’Neal bought and renovated and is now very profitable. Newark is his hometown so it only makes sense he’s investing back into the community.
Shaq has an endorsement deal with The General auto insurance company, which currently sells insurance in 44 U.S. states.
Other Food related revenues — Shaq makes about $20 million from other food-related endorsement deals like Fruity Pebbles, Muscle Milk, Vitamin Water, and Arizona Cream Soda just to name few.
Other notable ventures and endorsements: 150 car washes, 17 Auntie Anne’s Pretzels, Buick endorsement, Icy Hot endorsement, Burger Kind endorsement, let’s not forget the Reebok endorsement and many, many more.