“Buy the stock and not it’s product” Shaquille O’Neal gave insights to how to build $400 Million empire
Shaq has a simple strategy when it comes to stock. Invest in blue-chip firms.
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Shaquille O'Neal (Via Business Insider)
Shaquille O’Neal recently discussed the economic decisions he has made throughout his life. He is one of the few players from the 2000s to simultaneously achieve greatness in sports and emerge as a business mogul.
One of the finest basketball players ever, Shaq went on to become a successful businessman and entrepreneur. For around twenty years, he commanded the NBA. Now, the player is retired and has continued to work as a league analyst in addition to becoming a businessman and investor. In a talk show clip that has since surfaced online, Shaq discusses the several stocks he owns and his method of making intelligent investment choices.
Shaquille O’Neal and his flamboyant life!
Shaquille O’Neal is one of the most well-known basketball players of all time due to his tremendous body and great character, and his income reflects that. Shaq 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 owns 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.
Shaq and his smart investments in stock
He only had a favorable response when asked in an interview if his idea of investing in businesses that he believed in was still appropriate. The NBA legend only invests in goods he consumes. The decision to invest in a firm will always seem uncertain if you don’t use it and believe in your 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. Shaq’s strategy seems simple he invests mostly in blue-chip stocks.
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.
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