Shaquille O’Neal, the gigantic basketball icon with a whopping $400 million net worth, is taking dramatic steps to expand his financial empire. He’s not content with money; he’s set his sights on something far bigger: ownership of an NBA team. In his desire tof”having it all,” O’Neal demonstrates unwavering ambition, which mirrors his dominance on the court.
This move is more than just a commercial decision; it demonstrates his unwavering dedication to molding the future of basketball, not just as a player but as a formidable force in the ownership sector. O’Neal’s quest for ownership promises to be an interesting addition to his already illustrious career.
Shaquille O’Neal wants to an NBA franchise
Shaquille O’Neal, one of the world’s wealthiest athletes, has voiced a burning desire to be a part of the NBA’s future expansion ambitions, particularly in Las Vegas. Las Vegas is one of the places being considered for an NBA franchise, which has aroused the four-time NBA champion’s interest.
While the COVID-19 epidemic had hampered the NBA’s expansion ambitions, the league is now on its way of expansion, with Las Vegas and Seattle leading the pack for additional teams. O’Neal is actively seeking full ownership of an NBA franchise after selling his minority investment in the Sacramento Kings. He claims that if Las Vegas is given a team, he wants sole ownership rather than a partnership.
Although the actual expansion process is not likely to begin for a few years, NBA Commissioner Adam Silver has hinted that new teams could be added in Las Vegas and Seattle in the near future.
Shaq’s business endeavors
Shaquille O’Neal, the NBA legend, has an estimated net worth of $400 million, cementing his status as one of the world’s wealthiest retired athletes. His stellar NBA career made a substantial contribution to his wealth, with an incredible $292 million earned exclusively from basketball salaries. Furthermore, lucrative endorsements and agreements with major brands such as Pepsi, Reebok, and IcyHot increased his earnings tremendously.
Big Shaq, who once slapped Kobe Bryant, has ventured into various lucrative business ventures outside of basketball that have added to his wealth. He’s made partnerships with digital titans like Google and Apple, as well as creating ownership in other franchises, including Papa John’s and Auntie Anne’s.
Furthermore, Shaq’s diversified portfolio extends into the entertainment business, with music CDs and appearances in films and television programs supplementing his earnings. Shaq’s propensity for wealth is evident in his ownership of luxury properties, including a $28 million estate in Florida and a $2.5 million Atlanta home.
His lavish taste extends to his custom-built truck, “The Shaq Diesel,” which is valued at more than $100,000. Among his notable commercial initiatives are the “Big Chicken” restaurants that specialize in Southern-style fried chicken and “Shaq Sports,” a sports marketing organization that represents noteworthy sportsmen. Shaq’s charisma has made him a vital part of IcyHot and General Electric as a brand ambassador and investor.
Notably, Shaq’s charitable side emerges via his Shaq Foundation, which is dedicated to promoting children’s education and health programs by offering significant contributions to reputable organizations such as the Boys and Girls Clubs of America and the Miami Children’s Hospital.
What do you think of Big Shaq’s new business ventures? Make sure to let us know in the comments.
