Shaquille O’Neal paid a MAMMOTH $20 million surplus to secure the mansion near Tiger Woods’ house
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Shaquille O' Neal (L) and Tiger Woods
When we talk of big money in sports, Shaquille O’Neal and Tiger Woods are both stalwarts of their own disciplines. While Shaq is one of the all-time greats in NBA, Woods achieved almost everything possible in the sport of golf.
Shaq is also a real-estate investor. It makes sense for someone with a net worth in excess of $400 million as land usually grows in value.
However, there was one instance when the former NBA player bought a property worth $20 million in a seeming deliberate ploy to shift near golf icon Tiger Woods’ house in Orlando.
At the time, there was speculation that the move was intended at announcing to the world of sports that he was nowhere behind anyone when it came to fame and wealth. In recent times though, Woods ended that debate almost forever by buying a mansion worth $400 million in Florida.
Shaquille O’Neal and his flamboyant yet careful life!
Shaquille O’Neal is regarded as one of the most dominant players in NBA history. He received several honors over his 19 seasons in the league, including the Rookie of the Year and MVP accolades. O’Neal finished his career with 28,596 points, which ranks sixth in league history.
He also won two scoring titles, was named Finals MVP three times, won four NBA championships, is sixth all-time in field goals, fifteenth all-time in rebounds, and eighth all-time in blocks. His outstanding career concluded in 2016 with his induction into the Naismith Memorial Basketball Hall of Fame and selection to the NBA 50th and 75th anniversary teams.
Shaquille O’Neal earned a huge sum of money through basketball. In addition to the $292 million from his NBA contracts, he also earned an estimated $200 million in endorsements while he was playing. He supposedly actually owned 150 car washes, 40 24-Hour Fitness facilities, 155 Five Guys Burger sites, 17 Auntie Anne’s Pretzel locations, and nine Papa John’s franchise stores before retiring.
Despite having a $400 million net worth and leaving the NBA and basketball behind, O’Neal still makes about $60 million a year from endorsement deals.
The NBA legend only invests in goods he consumes, as is appropriate. The decision to invest in a firm will always seem uncertain if you don’t use it and believe in their job. When it comes to large corporations, O’Neal’s investment philosophy of purchasing the shares of the product is indeed a fairly strong idea. Companies like Starbucks, Apple, Google, and others that are usually predestined to collapse. These businesses will endure forever, and the money invested in them will do the same.
O’Neal has made wise business initiatives throughout the years, which account for a large portion of his current net worth. However, it would be absurd to not also credit his NBA experience for at least part of his success. With a net worth of almost $400 million and a position 20 on the list of the 30 richest sportsmen in the world, Shaq may be said to have made the right decisions during his lifetime considering the way his career ended out.
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Ashish Maggo
(191 Articles Published)