What business does Shaq own? – The NBA is an incredibly lucrative league. Players sign big contracts, get significant salaries and often rake in millions of dollars. Still, money can be made outside the court, with finished savings, brand signings, and business deals.
The following article examines some of the outside moves the centre has made and how much they were worth. That will reveal why some superstars are trying to make more money off the court and how much they can get from such efforts.
KNOW HOW TO BRANCH
For most NBA players, one contract is enough. They earn a lot of money on the court and enjoy their free time instead of working hours. However, that is not always true for superstars. The big players tend to have an outside effort, and it often pays big dividends.
More often than not, such moves come in the form of endorsements. Landing a brand deal is one of the surest ways for a professional athlete to earn extra money, but it’s far from the only way. Many superstars are also into investing. That’s where Shaq brought in additional business.
COMMERCIALS AND BEYOND
As with any great athlete, Shaq began his career with endorsements. He did a lot of commercials for big brands and signed numerous deals during the early years of his career. He even had a short stint with Festival Voyage Appearances.
A person moves paid off significantly, but they remained only a minor part of his current fortune. This is because Shaq quickly realized that brand deals have a fixed ceiling. He got a big paycheck, but he couldn’t do much under those deals. That’s why he split out.
A TASTY ASSET
The large man was one of the first NBA players to use his stardom in ways other than appearing in commercials. Following in Jordan’s footsteps, he searched for companies to invest in and looking for ways to make his money work for him. That led to food.
Shaq invested a lot of his money in restaurants. Although he started minor, he quickly realized how much money such establishments could generate. He went from owning a few supplies to becoming a significant player in the fast food game.
Reports show he owns and sells more than 155 Five Guys Burger restaurants. He, too, owns 17 Auntie Anne’s Pretzels, 9 Papa Johns, and a handful of Krispy Kreme stores. His own brand, Big Chicken, is also looking to diversify.
MORE THAN DINNER
In addition to his food endeavours, Shaq owned 40 24-hour gyms and more than 150 car washes. He is not afraid to diversify his portfolio, nor is he afraid to move into new businesses. He doesn’t care where his money energies, as long as he can grow it efficiently.
All of his deals bring in a ton of cash, and they’re the main reason the former player is worth more than $400 million.
He has also made many intelligent investments. Although he doesn’t own them, he has many stakes in various larger companies he believes will only produce with time. Person deals, while not as big as his financing, have also helped his value rise steadily with each passing year.
Shaq made a lot of cash in the NBA, but he made smooth more by being a savvy businessman. He owns several large companies in the market and has done well in terms of generating additional income.
HOW DID SHAQUILLE O’NEAL INVEST IN GOOGLE?
Shaquille O’Neal revealed in an interview that his first ample investment opportunity came in 2004 while he was “babysitting.” Although she was already a mega sports figure with a significant fortune at that time, she had to take care of some children, and that was when the big window opened for her. “I confess to you that I was babysitting with the children of a guy who entered a meeting. As she left, she thanked me for keeping an eye on them and told me: ‘You know? I want to thank you for inviting me to my investment’. He told me that it was in something called Google; he began to talk to me about what the future would be like, technology, that phones would do everything for us, and he recommended that I invest money; that’s how I started Google”, he talked a long time ago on the Ellen Degeneres Show, account the Halftime portal.
HOW MUCH IS SHAQUILLE O’NEAL’S FORTUNE?
A study cited by the Home of Playmakers portal indicates that around 60% of former NBA players go bankrupt or face grave financial problems within a maximum of five years after retiring. Still, in the case of Shaquille O’Neal, the opposite happened.