How much does Shaquille O’Neal earn from investments and endorsements and what is his overall net worth in 2022?
Despite earning $292 million over a 19-year NBA career, Shaquille O’Neal has done even more off the court in the 11 years since retiring. ‘The Big Aristotle’ wasn’t always the savviest businessman, but along the way he realized that maintaining his lifestyle would take more than just relying on his income. NBA.
Everyone remembers spending $450,000 on 3 Mercedes for himself, his dad, and his mom, all before he set foot on the NBA hardwood. After his financial advisors warned him of professional athletes going bankrupt due to their lavish lifestyles, Shaquille O’Neal was as straight as an arrow.
Shaq has developed a great philosophy in terms of the people he surrounds himself with, which is to never be the smartest person in the room. Ask people you trust to be smarter than you and guide you to make better decisions.
Shaquille O’Neal has a net worth of $400 million in 2022. What is his investment strategy?
Shaq has repeatedly stated that he only invests in products and services he’s heard of or wholeheartedly believes in, just like his former teammate Kobe Bryant once did.
The 4x champ doesn’t usually give people who pitch ideas to him the time of day if he’s never heard of it, but once told “Success” magazine he would if they had. a connection to the Lakers in one way or another. This strategy is clearly working as he has amassed a net worth of around $400 million.
According to “Celebrity Net Worth”, his net worth in 2022 is the same as in 2021 and ranges between $300-400 million.
More than direct investments, Shaquille O’Neal is fascinated by the franchise. “It’s just about partnering with another reliable and great brand,” Shaq said. Some of its franchises include 150 coin-operated car washes, 10% of all Five Guys, 40 24-hour fitness centers, 9 Papa John’s, 17 Auntie Anne’s Pretzels, among several others.
Of course, who can forget his timely investment in Google in 1999, which was part of a Series A funding round that raised a total of $25 million. He would also continue to invest in companies like Oura, NRG eSports and MaxPro Fitness.
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What are Shaquille O’Neal’s recommendations?
Charles Barkley once let out his frustration on late night television seeing Shaquille O’Neal every time he turned on his television due to the large number of mentions he was a part of. This is truly a testament to the marketing that he has done himself.
Back in his LSU days, one of his professors told him that the big guys don’t sell after he did a business project around his own merchandise. Shaq took the constructive criticism in stride and realized that big guys don’t really sell. Fix: Greats like Hakeem Olajuwon, Patrick Ewing, and Karl Malone don’t sell.
Shaq, on the other hand, realized he had something they didn’t have and that was humor. Since then, he and his big smile have graced advertisements for almost 30 years.
“Diesel” has endorsed products like its own drinks “Shaq Fu Punch”, Muscle Milk, Vitamin Water, Icy Hot, Wheaties and many more. As for establishments, companies like Carnival Cruises, Taco Bell, Burger King and Pepsi have nabbed the Los Angeles Lakers legend to help endorse their products.
Read also : ‘I lost $250,000 on my car washes because I was irresponsible’: $400M worth Shaquille O’Neal filed for bankruptcy