Shaquille O'Neal is estimated to be currently worth $400M. He has proven to be a smart and savvy manager of his brand and portfolio.
Shaq earns $20-$25 million per year from his post-NBA empire. He retired in 2011.
This is the overview of his financial tree.
He has endorsement deals with companies like Icy Hot, Gold Bond, Buick, Zales, and others.
He is the joint owner of 155 Five Guys Burgers restaurants, 17 Auntie Annie's Pretzels restaurants, 150 car washes, 40 24-hour fitness centers, a shopping center, a movie theater, and several Las Vegas nightclubs.
Shaq also holds a Doctorate Degree in Education from Barry University and so he is actually Dr. Shaquille O'Neal and it isn't an honorary degree either.
However Shaq wasn't always financially savvy. At age 21, as a freshly drafted NBA player, he did the unthinkable by blowing through $1 Million in 30 minutes. Yes!!!!!!!!
Fortunately, he had a good banker who called him that evening and blasted him. He warned him about the excesses of young black athletes and their eventual futures of bankruptcy and desolation. Afterwards he advised him on investments, prudent spending and acquiring assets. He LISTENED.
In a recent interview, when Shaq was asked about his future plans he said, "I have all the toys I want, now the wealth from my endorsements is for my children.
In deed a righteous man leaves an inheritance for his children's children.
What are you doing with your current earnings? How much have you put into your investment portfolio? Do you even have one?
What other streams of income are you working on? What will be your financial future?
A word to the wise...........
~Dr. Samuel Tinagyei
~PKT
#CoachSam
