Big Diesel owns numerous companies and brands, and his business portfolio indicates he is a financial genius. As former Laker teammate Kobe Bryant would say, he was dominant and vindictive and wouldnt hesitate to break a rib or a backboard if need be. What Franchises Does Shaq Own Right Now? (2023 Update) According to Jamie Salter, ONeal reportedly told him: The two businessmen invested in each other, a gamble that has thus far paid off. Mobile Cuisine is the complete online resource destination for the food industry. Big Diesel owns numerous companies and brands, and his business portfolio indicates he is a financial genius. ?Me !#BagDrop. Im Kieran Walker, and Im a Celebrity and Financial Expert. Does Shaq Own Reebok, JCPenney, Forever 21, and Barneys New York Most of these players take home huge sums as salaries every week, evident by their luxurious lifestyles. , Big Chicken is a brand that has partnered with big companies like the RS Hospitality and the Authentic Brands Group. Whether its through investments, or just making sure theyre getting the best deals on everything they buy, I want to help as many people as possible grow their wealth. Shaquille ONeal is largely regarded as one of the greatest basketball players of all time. Are these franchises only Shaqs business interests? How Many Total Businesses? Despite owning lucrative and expensive houses, they also own the most expensive cars, like Cristiano Ronaldo's Ferrari Monza. , according to the Big Diesel himself in his own reality TV show Shaq Life. Here are all the details. Players like Scottie Pippen and Dennis Rodman have met this fate. ABG did not have an update regarding which company will license footwear and apparel for Reebok, though Woodhouse said there was definite interest. You dont have to own a business to be a CEO, being a CEO is a mentality. As an entrepreneur, Shaq has invested in a number of businesses, including an investment in the Papa Johns Pizza chain. It started when the company bought the rights to half of ONeals name brand. The four-time former NBA champion is among the 24-Hour Fitness centres investors. Rashford Vs Saka: who is the better forward at the moment? Which 50 brands does Shaquille O'Neal own? Taking a closer look at Does Shaq own The General? 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Big Diesel owns 150 car washes in multiple locations in the United States of America and has employed quite several people. Salter described the relationship between the two as a marriage, where both partners took bets on one another. You could find Shaq in movies like Kazaam in addition to video games. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. But 60,000 kids jumping up and down, louder than a basketball game, I knew that this right here, it was going to be the future. "One of the wisest investors out there!" expressed a third. Shaq is the majority owner of the restaurant that was founded in 2018. The brand now provides high-style designs and fashion basics with attractive pricing and a lively shop environment, thanks to a renewed focus on the consumer experience. Through Christie Street, the crowdsourcing platform for Doorbot, more than the $250,000 intended was raised$364,000. Shaq was also formerly a part-owner of 155 Five Guys restaurants. This is what growth looks like https://t.co/2xtdAyZW48. Heres a snapshot of Shaqs franchises, his total number of stores, and Shaqs other business interests we havent mentioned yet. Is Family Ties The Link Between Joseph Larson and Jimmy Swaggart? Unraveling the Financial Success of Chris Samuels: His Remarkable Net Worth. He once spurned becoming an ambassador for Starbucks and admitted he wont ever get into the crypto space because he doesnt understand it. 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Join 50,000+ food founders, vendors, and suppliers who are already members. Shaquille O'Neal is a big-time legend in the basketball world, not only by his size and achievements but also by his reputation and determination. With the new move-in in February 2021, Brookfield, Simon, and ABG became the new ownership group of famous stores forever 21. (The Good and Bad). Although they are only sometimes considered franchises, these car washes are profitable and serve the legendary basketballer well. Related Powered by ), The Hall of Famer said he couldve easily sold his brand and likeness he worked so hard to build, but that would give investors the right to do as they please and potentially push him to the background. Read and find out. In June 2019, amid rumors of Adidas plans to divest the Reebok brand, ONeal said that he felt that Adidas had diluted [the brand] so much to where its almost gone., If they dont want it, let me have it, ONeal told CNBC at a Carnival Cruise event at the time. Shaq belongs to this elite group of multi-million NBA players. Learn how your comment data is processed. Shaq has a reputation of being vicious at the same time. Shaq said, My skill is, if something comes across my desk, and I dont believe in it, I wont even look at it. NRG eSports, an American esports team that competes in Counter-Strike: Global Offensive, Overwatch, Fortnite Battle Royale, Rocket League, and PlayerUnknowns Battlegrounds, has Shaq as a minority owner. This decision led ONeal to become the second-largest individual shareholder in the company. Who owns Marilyn Monroe, the former basketball star asked the two hosts. Siminoff received a proposal from possible investor Kevin OLeary, but Siminoff turned it down. Who owns Marilyn Monroe? You Might Like: Should You Work With a Franchise Broker? He has been a huge basketball fan for decades, watching thousands of basketball games through the years to learn the ins and outs of the game. .@SHAQ is a business legend. After his retirement from the NBA, Shaq pursued a career in business and entertainment. She Looks Just Like Her Mama But Plays Like Her Father: A Video of Shaquille ONeals and Shaunie Hendersons 6-Foot-3 Daughter Has Fans Doing a Double Take, A Woman That Can Make Shaq Look Like the Average Height: A Photo of Shaquille ONeal and 6-Foot-3 Angel Reese Has Fans Pointing Out How She Makes Him Look Normal In Size, Your Classmates Was Gonna Figure it Out: Shaquille ONeals 6-Foot-10 Son Shareef Says He Hid His Fathers Identity Until He Was Outed at a Basketball Game, Fans Are In Disbelief. Shaq reportedly owns 40 locations of the 24-Hour Fitness Centers across the country at the time of writing. [ONeal] says, You know all that money youre going to give me? ONeal has owned shares in ABG since 2015, when he sold the rights to his name brand to the company. His net worth is impressive but not as large as some other NBA stars. Shaq is also one of the color commentators and producers of the hugely popular show, Inside the NBA, along with Ernie Johnson, Charles Barkley, and Kenny Smith. According to recent estimates, Shaquille ONeals net worth is upwards of $400 million. "Who owns JCPenney? Shaquille ONeal once had his sights set on owning Reebok. In recent years, ONeal has vocalized his desire to purchase Reebok through his partnership with ABG. He owns a number of restaurant franchises, owns a share in the Sacramento Kings, and still has a number of endorsement deals. O'Neal recalled. When his basketball career was over, ONeal had three jerseys retired #33 (LSU), #32 (Miami Heat), and #34 (Los Angeles Lakers). ONeal has owned shares in ABG since 2015, when the company bought the rights to his name brand. Coca-Cola purchased the brand name in 2007 after it had been developed in 1996. Its clear Shaquille ONeal is heavily invested in JCPenney and Authentic Brands Group. Shaq has accumulated a number of valuable assets over the course of his career in business and investing. Who owns JCPenney? Having worked as a financial advisor and an author, I combine a passion for writing with a deep understanding of financial planning and wealth management in my writing. As Salter previously explained in an interview with FN in ABGs New York offices, moments before ONeal closed the deal to sign away half of his brand proceeds to ABG, he turned to Salter with an idea. What Are Shaqs Future Business Ventures? It is reasonable to expect that Shaq will open more sites given his contract with Papa Johns, which includes a $11 million compensation plan. Hoops Addict is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. However, he has also conquered the business world and is quite an entrepreneur. In his recent weekly business conversations with the former athlete, Woodhouse related that most conversations, start[ed] off with, Have you bought Reebok yet? Sharing some takeaways from his interview with the Earn Your Leisure podcast, Shaq said in reference to some guys he talked to about Google back in 2004, Its always important to have somebody smarter than you, that works for you. Shaq had made his significant investmentbuying Google stocksbefore bidding farewell to the courts, though. Though not comparable to his food franchises, the 4x NBA champ has also dabbled in fitness centers. Shaquille O'Neal Bragged About his $400 Million Net - EssentiallySports Or so everyone thought. The legendary basketball player was a founding partner of Majority, an advertising firm with a diverse clientele that utilizes a diversity led talent model. "I don't like to seem like I'm bragging, but I'm going to ask you a question. He never said no. NBA legend Shaquille O'Neal recently blew the internet away with a small sneak peek of his extensive financial portfolio. Allegedly, it is reported that the star takes home around $60 million annually from his endorsements, deals, and various investments. Who Owns JCPenney? - Glossyfied.com Over the years, the 49-year-old has garnered endorsement deals from brands such as The General, Gold Bond, Icy Hot and Buick, just to name a few. Me!" ONeals assessed total assets is $400 million, as per NBC Sports. Moreover, Shaq also dabbled in tech (Apple, Google, Loyal3) and real estate. Shaq owns Forever 21, JCPenney, Elvis Presley, Marilyn Monroe, and others. ONeal also serves as the companys official spokesperson to help promote the chain. Over the years, Shaquille O'Neal has stacked up many successful businesses and made smart investments that have led to his $400 million net worth . Want to read more articles like this one? ABG was awarded Company of the Year at the annual FN Achievement Awards in New York on Tuesday. How Shaquille O'Neal Became the Second Largest Investor in the Company When ONeal called it quits in 2011, his ventures outside of basketball grew bigger and bigger until he practically had a business empire of his own. Included in this is the Big and Sloppy sandwich, which also comes with onion rings, macaroni and cheese, and barbecue aioli sauce. Lyft would eventually be valued at $23.4 billion when the company went public in 2019. These franchises significantly contribute to his extensive net worth. Worth It? O'Neal is the second-largest individual shareholder of Authentic Brands Group, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York, JCPenney and most recently, Reebok. Forever 21 is one of several brands owned by Authentic Brands, which is in a 50-50 partnership with Simon called Sparc Group. He did, however, talk about one venture that he's excited about: esports. ONeal invested in nine restaurants in the Atlanta region when he first joined the board of directors of Papa Johns in early 2019. Find out the franchises and other business Shaq is investing in below. (Cost + Fees). By subscribing, I agree to the Terms of Use and Privacy Policy. The brand offers over 60 products, including suits, shirts and other clothing accessories. Sacramento is home to just the Kings, one of the top professional sports leagues in North America. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. Shaq owns 50 brands, according to the Big Diesel himself in his own reality TV show Shaq Life. NBA legend Shaquille O'Neal may be most well-known for his NBA career and his gig as an Analyst for "Inside the NBA" on TNT. Another commented, Shaq dont want the bag, he want the whole distribution center.. In his interviews and appearances, Shaq credited Jeff Bezos for the investing philosophy that he still holds dear. Shaq is also looking to expand his investment in the Papa Johns Pizza chain. Who owns Marilyn Monroe," the former basketball star asked the two hosts, reports Atlanta Black Star. He recently invested in an artificial intelligence startup and is looking to expand his portfolio into the technology space. As a successful businessman and a former professional basketball player, Shaq has proven that anyone can do whatever they set their mind to. The company was founded in 1902 and is currently owned by an investment firm, Sycamore Partners. Although he told CNBC that he has since sold his stake, he did admit that the burger business had been "very good" to him. Apart from the two tech giants, most of his investments are right in his backyard. O'Neal is the second-largest individual shareholder of Authentic Brands Group, the company behind dozens of brand and retailer acquisitionsincluding Forever 21, Barneys New York, JCPenney and Reebok.. How many Krispy Kremes does Shaq own? That also made him fun and personable, which undoubtedly contributes to him being a good businessman. Shaq acquired 155 Five Guys restaurants, but eventually sold off the assets. What Does Shaq Own? Shaq Franchises And Businesses By subscribing, I agree to the Terms of Use and Privacy Policy. I dont like to seem like Im bragging, but Im going to ask you a question. The COVID-19 pandemic sealed JCPenney's fate. Apart from the restaurant chains, car washes, shopping centers, nightclubs, and clothing companies, Shaq was also heavily involved in other ones. What is Shaq invested in? (2023) - investguiding.com (Video) Shaq joins Papa John's! Away from the court, Shaq has made a name for himself on the big screen with such films as Kazaam (1996), Steel (1997), and Scary Movie 4 back in 2006. While emulating Bezos was truly brilliant, Shaq also incorporated his own style into his ventures. Does Shaq own Elvis Presley? Taking a page from Warren Buffetts book, Shaq also wouldnt invest in cryptocurrency because he said he didnt understand it.. According to the facts, Shaq owns 50 distinct brands, which he also revealed himself. The Hall of Famer has invested in various franchises despite the risks and liabilities and has come out wealthier than ever. The 49-year-old revealed during a recent appearance on the financial literacy podcast Earn Your Leisurewith financial advisor Rashad Bilal and educator Troy Millings that his business dealings involve a lot more than making commercials. Shaq is also heavily involved with the pizza chain Papa Johns. Save my name, email, and website in this browser for the next time I comment. Six years later, these bets appear to have paid off. Numerous businesses, including Coca-Cola, Red Bull, and Intel, support eSports competitions. Shaq was a part-owner of the Sacramento Kings. He was introduced to Google before it went public in 2004 and said his only regret is not buying more of Googles stocks. ONeal said he was initially attracted to ABG because the operation centered around fun, family values and getting things done. JCPenney and Forever 21 are under the Authentic Brands Group together with other retail brands such as Reebok (which Shaq was a former endorser), and Barneys New York. All Rights Reserved.FN and Footwear News are registered trademarks of Fairchild Publishing, LLC. O'Neal is the second-largest individual shareholder of Authentic Brands Group, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York, JCPenney and most recently, Reebok. Your email address will not be published. All Rights Reserved. As I mentioned earlier, Shaq has invested in Apple, PepsiCo, and General Electric. Who owns Forever 21? 2023 Fairchild Publishing, LLC. His net worth is estimated to be around $400 million and he is always looking for new business opportunities. What check system does JCPenney use? - Global FAQ Jerry and Janie Murrell established the business in 1986 as a 30-location small, family-run franchise.