How Shaquille ONeals enjoys his $400 Million New Worth
Shaquille O’Neal was undoubtedly one of the greatest NBA players of all time. He was over 7ft 1′ inches tall Center was a 325 pounds agile specimen, and an absolute freak of nature. Known popularly as ‘Diesel’, Shaq managed and worked hard to be very successful off the court too, having amassed a net worth of $400 million.
Shaq earned over $286 million from his NBA contracts over a spell of 19 seasons. Having earned over $200 million from his endorsements and partnerships alone. Much like himself, his lifestyle is larger than life. Over the years Shaq has spent this money at his whims and fancies. Over the years, fans have seen that either Shaquille O’Neal buys any expensive stuff or has invested heavily in assets or businesses.
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Let’s look at the 10 things Shaquille O’Neal spent ridiculous money for either his lifestyle or for business ventures-
1. Custom Treehouse
In 2018, Shaq decided to go to the Treehouse Masters, a TV show where Pete Nelson designs a custom treehouse for his clients. Shaquille O’Neal spent $400,000 to get this treehouse made. The treehouse has a 9-foot mahogany door, with a bar, a poker table, a dartboard etc. on the inside.
2. Mobile Phones
In 2014, Shaq revealed in an interview with USA Today, that whenever a new iPhone launches, he likes to buy 50 of those. Shaq then passes them away to kids or leave them at random places or gives them away through Twitter. If Shaq bought every 50 units of every iPhone when they came out, it would have cost him an estimate of $750,000 to date.
3. Pershing 72 Yacht
Shaq spent $1.7 million on a Pershing 72 Yacht, that has its own kitchen, three bedrooms, comfortable access to the crews quarter and the engine room, three bathrooms and many other luxurious facilities.
4. Customised F-650 pickup truck
Shaq purchased a truck that he customized according to his preferences. It was worth over $65,000. Diesel then added leather seats, Bluetooth, HD radio and all other modern-day amenities. After the modifications, the cost had gone up to ~$124,000.
5. A Mansion in Orlando
The 4xNBA Champ owns a 36,000 square feet lakefront mansion in Orlando, Florida. It has 12 bedrooms, 11 bathrooms, a garage, and a basketball court. It is worth $16.5 million.
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6. Walmart Shopping spree
When Shaquille O’Neal was traded to the Phoenix Suns, he was living in an apartment that had no furniture. So, he took it upon himself to go out and get all the essentials for his apartment from Walmart. That day, he ended up spending $70,000 in Walmart.
7. A Stake in Authentic Brands Group (ABG)
Shaq sold the naming and licensing rights to ABG for $270 million. Of that money, Shaq put $135 million to buy a stake in ABG and hence, now Shaq is also the owner of licensing rights of celebrities such as Marilyn Monroe, Elvis Presley, Muhammad Ali and owner of around 50 consumer brands.
8. Business Ventures
Shaq put a big amount of his money into his businesses. The 50-year-old owns 150 car washes, 40 24-hour gyms, 1 movie theatre, 1 Big Chicken etc. Kobe Bryant’s former teammate sold off his Auntie Anne’s Pretzels. He was the owner of 155 Five Guys locations, which he later sold to start his own restaurant Shaquille’s.
9. Sacramento Kings
Shaquille O’Neal spent between $10-20 million to acquire a 2-4% stake in the NBA franchise Sacramento Kings. He cashed it out recently when the team was valued at $1.8 billion.
10. Google
Shaq spent some money buying Google’s shares in Google’s series A funding at a valuation of $100 million. Google is now valued at close to $2 trillion. Shaquille O’Neal, however, still has some shares in the company.
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