Shaquille Rashaun O’Neal, most often referred to by his nickname “the Shaq,” is without a doubt one of the most dominating basketball players and finest centres in the history of the game.
The legendary player for the Los Angeles Lakers stood 7 feet 1 inch tall and weighed 325 pounds. During his 19-year career in the National Basketball Association (NBA), he played for six different teams and helped his teammates win four NBA titles.
The NBA player, on the other hand, showed no sign of slowing down in the slightest after exiting the floor. The Big Diesel amassed an astounding net worth of 400 million dollars because to his affable demeanour, his prowess on the basketball court, and his brains.
Let’s have a look at the number of companies in which Shaq has put his money:
How Many Businesses Do Shaq Own?
Shaq’s investment portfolio includes more than 50 different brands, making it large and diverse in terms of its holdings.
He has been successful in investing in companies of both the expanding kind that have the potential to become significant in the future and the more traditional variety that meet the day-to-day requirements of their customers thanks to the assistance of his staff.
Shaq Retired From The NBA With Some Big Bucks
By the time Shaq resigned from the NBA, he had amassed more than $422 million in earnings, including more than $292 million in salary and an estimated additional $220 million from endorsement agreements he had signed.
Shaq has said several times in various interviews that he steers clear of promoting and investing in businesses whose items he does not personally use.
He continues his explanation by adding, “If I don’t like something, others will notice it regardless.” He is an astute marketer. Shaq has placed the majority of his money and efforts in businesses that cater to the middle class and favour advertising items that are accessible to the general public.
Shaq and The Food Industry
The collaboration that Shaq has formed with Papa John’s is one of the important investments that he has made. Shaquille joined the firm as a member of the Board of Directors and as an investor in nine Papa John’s locations in the Atlanta, Georgia region. These stores are located in the state of Georgia.
In addition to this, he became the public face of Papa John’s Pizza after signing a marketing contract with the company.
In addition to his passion for Papa John’s pizza, Shaq is known for his extreme devotion to burgers and french fries. The legendary basketball player spent around $77.5 million purchasing 155 Five Guys Burgers locations, which represented nearly 10 percent of all Five Guys restaurants in the United States.
In spite of this, in 2016, he made the decision to sell all of his Five Guys locations and launch his own network of fast food establishments named Big Chicken. Big Chicken specialised in producing mega-sized chicken sandwiches that were padded out with fillings such as macaroni & cheese, coleslaw, and other similar foods.
But O’Neal’s love of food didn’t end with burgers, fries, and pizzas; the aromatic and delicious soft pretzels of Auntie Anne’s persuaded him to invest approximately $7 million into the food chain, and he now owns 17 franchises of the company, 9 of which are located in the state of Michigan, and 8 of which are located in the state of Buffalo.
At long last, Big-Diesel has divulged his deep-seated passion for the warm, fresh doughnuts served out by Krispy Kreme. Despite the fact that he has said that he would want to buy roughly 100 units of the 83-year-old Krispy Kreme, he now only owns one Krispy Kreme location in Atlanta, which cost him around $2.75 million.
Walking into the Fashion World
Shaq began to research and learn about how individuals and superstars like Michael Jackson live forever when he was in the process of retiring, and after doing so, he made the decision to contact the well-known brand management organisation Authentic Brands Group.
The American company has an amazing portfolio, which includes clothing and athletic brands like as Forever 21, Aeropostale, and Brooks Brothers. Additionally, the company has collaborated with celebrities such as Marilyn Monroe, Elvis Presley, and JCPenney.
Shaq has placed a primary emphasis on picking retail and fashion chains that provide fashionable designs as well as fashion essentials at prices that are affordable. Shaquille signed a deal with Reebok in 1992 for $15 million to establish his own footwear brand, which was dubbed Reebok Shaq Attaq.
This was the beginning of his association with Reebok, which has lasted for almost two decades. Shaq has been talking about his goals for the new partnership with Reebok since since it was announced that ABG had purchased the company.
Shaq made a deal with Authentic Brands Group, who was going to buy his name brand, during his retirement. He then invested the money back into the company and became the second-largest individual shareholder in Authentic Brands Group. After all of these years, we are able to say that the bet was a successful one.
Despite the fact that Shaq had previously invested in shoe and clothing brands, he chose to take his business endeavours in a new direction and, in 2004, made the announcement that he would be partnering with the 24-Hour Fitness company.
O’Neal was engaged as a new face for 24 Hour Fitness print and TV advertising as part of the agreement, which also involved the construction of 24 Hour Fitness Shaq Sports Clubs with their own distinctive branding. At the moment, Shaq is the owner of forty 24-hour fitness clubs.
Shaq also formed a partnership with Vitamin Water and was awarded around a 5 percent share in the firm Alkaline Water. Both of these businesses concentrated on producing mineral-rich water that was free of impurities. Additionally, he has stakes in Muscle Milk, Enlyten diet strips, and Susta, which is a sugar alternative.
Automobiles and car washes
Shaq has said in the past that when it comes to investments and making decisions, he favours the business of investing in car washes due to the fact that all that is required for this venture is soap and water, and the return to investment ratio is much higher.
At the moment, Shaq is the owner of somewhere in the neighbourhood of 150 car washes, and he ranks it as one of his most successful enterprises. Lyft is an online taxi booking startup, and Big Diesel has also made an investment in the company.
Going Beyond With Tech
One of his tales that has gained a lot of popularity is a doorbell manufacturer named Ring. After Shaq was able to keep an eye on his property from China and communicate with whoever was there, he made the decision to make an investment in the firm.
In the end, he became an early investor in the firm, which was eventually acquired by Amazon for one billion dollars in 2018. His first investment yielded significant returns.
Shaq was also one of the first investors in Google, having made a purchase in the technology company in 2004 prior to its initial public offering. In addition to this, he invested a substantial sum of money in the multinational telecommunications corporation, Comcast, as well as other major technology companies like PayPal, Twitter, Dropbox, and Airbnb.
What New Businesses Has Shaq Been Involved in Recently?
In 2021, Shaq, Shaq was chosen to serve as the strategic adviser for the merger of Beachbody and Myx Fitness with Forest Road Acquisition, which was estimated to be worth $3 billion.
O’Neal and Omid Farhang established an advertising agency under the name Majority with the goal of increasing the amount of diversity present in the world of advertising firms.
Shaq is staying true to his roots by developing a new line of basketball shoes, apparel, and high-tech fitness kits and ensuring diversity. He is also making an effort to provide reasonably priced products to anyone who required them without sacrificing either the products’ quality or their sense of style.
In addition to owning a portion of the Sacramento Kings, Shaq is actively involved in assisting aspiring basketball players in breaking into the highly competitive world of basketball.
A handful of nightclubs, a retail mall, and a movie theatre are all under the ownership of the NBA superstar who plays in Las Vegas.
Shaq has said that he was able to triple his net worth by adopting the investment approach that was established by the founder of Amazon, Jeff Bezos, and by only investing in firms that can transform the lives of their customers.
Big Aristotle, who is 7 feet 1 inch tall and always upbeat, is still featured in a number of advertisements, has various advertising agreements, and is now concentrating on finding new businesses to invest in.