How Shaquille O’Neal Became a Successful Entrepreneur


Shaquille O’Neal had a hugely successfully career playing professional basketball for 19 years, and even before retiring he made a name for himself as a media personality and commentator. However, after Shaq stepped off the court something incredible happened: he became a consummate businessman with a number of exciting, very profitable ventures.

During Shaquille O’Neal’s long playing career, he earned an estimated $292,198,327 — that’s a ton of money. What’s amazing is that with the way his investments and business ideas have performed, he stands to make more with his ventures than he did playing in the NBA. Today, Shaquille O’Neal is worth over $350 million, and the number only climbs higher each year as his business portfolio grows and reaches new heights of success.

O’Neal has been sticking his hands into various pots and reaping millions for a while now, but few people have any idea just how far his entrepreneurship goes. He’s never stepped completely out of the media spotlight, but he’s chosen to play it very smart with his investments and he doesn’t flaunt what he’s up to. Shaq simply assesses a business idea’s potential, creates a plan, and then makes it happen.

Here are just a few business arenas where Shaquille O’Neal has won big.

Restaurant Successes

Shaq Five Guys

Many people know that Shaquille O’Neal owns Five Guys franchises, but did you know that the man owns 155 locations? In fact, Shaq is the owner of more than 10 percent of the company’s franchises — that’s a lot of burgers and fries and a ton of annual profit. Another fast food franchise that Shaq has heavily invested in is Auntie Anne’s. He owns 17 of the pretzel-producing stands across the nation.

In addition to being a successful restaurant franchisee, a significant portion of the more than $20 million that Shaq makes each year from endorsement deals revolve around food. Fruity Pebbles, Muscle Milk, Vitamin Water, and AriZona Cream Soda are just a few of the food companies and brands that have helped him rake in good money. The latter is a line of all natural sodas that bear Shaq’s image and are the result of a collaboration between him and beverage company AriZona.

One interesting fact about Shaq’s food investments and endorsements is that he only chooses businesses with products that he actually uses. He’s turned down a number of high profile opportunities, including from Wheaties and Starbucks, because he simply doesn’t eat those particular products and wants his business dealings to be authentic.

Fitness Franchises

Of all the things that people know Shaquille O’Neal for, it’s sports. He’s an amazing athlete and you can’t help but respect what he was able to accomplish in terms of producing wins. Being so closely tied to the world of athletics, it’s no surprise that Shaq owns many gyms. To be exact, he owns 40 24 Hour Fitness locations. However, his gyms aren’t your ordinary 24 Hour Fitness setup. Shaquille O’Neal put his personal touch on all of the details and it’s truly a reflection of his commitment to fitness and living an active lifestyle. Picking such a well-known, successful brand to invest in was a very smart move, and Shaquille O’Neal makes a nice sum of money from his gyms each year.

Tech Investor

Shaquille O’Neal is a very smart man — you don’t earn a doctorate without some wisdom behind you. While it’s not certain just how he got in as a Google investor before the company went public, he did it. As anyone can plainly see, this was definitely the right business move to make. Just think about this: before Google went public in 2004, the company’s stock traded at $85 per share. Now, one share of Google stock costs well over $700.

Google isn’t the only company in Shaq’s stock portfolio, he regularly trades penny stocks for fun and has other significant investments. In the tech arena, Shaquille O’Neal has also invested in Loyal3, a San Francisco startup that revolves around giving individuals IPO access.


Real Estate

Investing in real estate has been highly profitable for many athletes, with some earning tens of millions per year from their ventures. Add Shaq to that list, as he has stakes in both residential and commercial properties. In 2006, the former basketball star created The O’Neal Group, which has an impressive portfolio. The first project that Shaq invested in through this venture was The Met Miami, which is a residential high rise that has more than 1,000 units.

In Las Vegas, he’s part owner of nightclubs — Shaq does like a good party, and apparently he’s mastered how to mix business with pleasure. Shaquille O’Neal has also invested in Newark, New Jersey properties including CityPlex12, a theater that O’Neal bought and renovated and is now very profitable. Being that he’s proudly from there, it makes sense that Shaq would give back to his home town.

Auto Industry Mogul?

Shaquille O’Neal is regularly approached by individuals and companies with various endorsement and business proposals, most of which he turns down. However, the latest company to get a “yes” from Shaq is The General auto insurance company, which currently sells insurance in 44 U.S. states. You may have seen the commercials featuring the company’s quirky mascot, and it will be interesting to see how Shaq fits in as The General’s new spokesman.

Shaquille O’Neal’s ties to the company go back decades. When he was in college at Louisiana State University, Shaq insured his Ford Bronco through The General. He was happy with the service back then and appreciated how a company representative helped him figure out which coverage was best for his needs. Not knowing anything about buying auto insurance, it was a lesson that he took with him. Today, Shaquille O’Neal is a still a customer of The General, and it seems everything has come full circle.

Shaq’s personality is larger than life, and every business venture that he gets involved in reflects his one of a kind style — this newest one will be no exception. In addition to his latest foray into auto insurance, Shaquille O’Neal owns 150 car washes. With his ambitious investments, there’s no telling what Shaq will touch and turn to gold next.

*As of 2019 Shaq’s net worth stands at $400 million and he doesn’t appear to be slowing down any time soon. 

Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Careers CEOs Companies Education Entertainment Legal Politics Science Sports Technology
Adrien nussenbaum
10 Things You Didn’t Know About Adrien Nussenbaum
The Story of How Cincoro Tequila Got Started
online payments
20 Things You Didn’t Know about Airwallex
Collectibles Credit Cards Investing Real Estate Stocks
BFT Stock
Is BFT Stock a Solid Long-Term Investment?
How to Retract an Offer on Ebay
20 Weird Laws in Texas That Actually Still Exist
Aviation Boats Food & Drink Hotels Restaurants Yachts
Sheraton Kauai
10 Reasons to Stay at the Sheraton Kauai Coconut Beach Resort
The Story of How Cincoro Tequila Got Started
Visit the Mangini Museum Agricultural Museum
The 20 Best Things to do in Antioch, CA
BMW Bugatti Cadillac Ferrari Lamborghini Mercedes Porsche Rolls Royce
Monterey Car Week
The History and Evolution of Monterey Car Week
Piëch’s New 603 HP GT
A Closer Look at Piëch’s New 603 HP GT
The Caterham 170 R
A Closer Look at The Caterham 170 R
BMW Motorcycles Buell Ducati Harley Davidson Honda Motorcycles Husqvarna Kawasaki KTM Triumph Motorcycles Yamaha
2011 Yamaha FZ8
Remembering The 2011 Yamaha FZ8
Triumph Tiger Motorcycles
The Five Best Triumph Tiger Motorcycles Money Can Buy
MV Agusta Brutale 1000 Nürburgring
A Closer Look at the MV Agusta Brutale 1000 Nürburgring
Electronics Fashion Health Home Jewelry Pens Sneakers Watches
Oris Big Crown Pointer Date Collection
A Closer Look at The Oris Big Crown Pointer Date Collection
16K television
Is There Such a Thing as a 16K TV?
Coupe Glass
The Five Best Coupe Glasses Money Can Buy
David Packouz
How David Packouz Achieved a Net Worth of $2.9 Million
Charles Stanley
How Charles Stanley Achieved a Net Worth of $1.5 Million
David Copperfield
How David Copperfield Achieved a Net Worth of $1 Billion
Tim McGraw and Faith Hill
How Faith Hill Achieved a Net Worth of $165 Million