“Shaquille O’Neal Was In The House” by slgckgc is licensed under CC BY 2.0.
American businessman Shaquille O’Neal has been a basketball player, a product endorser, a movie star, and an entrepreneur throughout the years. Frequently referred to by his nickname Shaq, he is most well-known for his 19 year career in the NBA, where he played for six different teams. He has also appeared in numerous films and TV shows and released several albums. So what exactly is Shaq’s net worth?
Who Is Shaquille O’Neal?
Shaquille O’Neal was born to mother Lucille O’Neal and father Joe Toney in Newark, New Jersey on March 6th, 1972. His parents never married, but his mother married Phillip Harrison, a sergeant in the U.S. Army, when Shaq was two. His father relinquished parental rights to his stepfather and the family soon moved from Newark to Germany and eventually to Texas. Shaq remained estranged from his father for many years.
His talent for basketball was apparent during his high school years, leading the team for San Antonio’s Robert G. Cole High School to the state championship his senior year. He then attended Louisiana State University, becoming a two-time All American and a two-time SEC player of the year. While he left school to pursue his professional career, he is an LSU graduate and has earned a doctoral degree in education from Barry University, a private Catholic institution.
In 1992, Shaq joined the Orlando Magic to begin his professional basketball career. In 1996, he was part of the gold medal winning men’s Olympic basketball team. He then joined the Los Angeles Lakers after being offered a seven year deal worth $121 million. The team won the NBA championship three years in a row starting with the 1999-00 season with him playing prominently in nearly every game. In 2004, Shaq was traded to the Miami Heat, where he signed a 5-year contract for $100 million. He also played with the Phoenix Suns, the Cleveland Cavaliers, and the Boston Celtics before retiring from the NBA in 2011.
Shaq explored careers in music and film in the early nineties, with his first rap album, “Shaq Diesel”, becoming certified platinum. He has been featured in several video games, starred in multiple reality series, hosts a podcast, and is a frequent commentator on NBA games. He is also invested in real estate, franchises, and the stock market. Today, he is known as a savvy businessman who has made many good career choices.
Shaq Net Worth And Assets
According to calculations by celebritynetworth.com, Shaq’s net worth in 2022 is about $400 million. Considered one of the greatest NBA players in history, he earned roughly $292 million during his NBA career, as well as more than $200 million from endorsements. He continues to earn around $60 million per year from endorsements and a wide variety of other business endeavors.
Franchises have been a major part of Shaq’s business empire. Over the years, he has owned more than 150 car washes, 155 Five Guys Burgers restaurants, 17 Auntie Anne’s Pretzels, and nine Papa John’s franchise units. The Big Chicken franchise brand he launched in Las Vegas now has 10 locations. In March 2019, an announcement was made that he would join the Board of Directors of Papa Johns for $8.25 million in compensation over three years.
Future Effects On Net Worth
Shaq has become such a savvy businessman that his net worth is expected to continue to grow. In addition to his franchises, he also owns a 15-acre spread in suburban Atlanta, GA and a home within a gated community in Bell Canyon, CA, a suburb of Los Angeles.
What do you think Shaq’s net worth will be in 2025? Let us know in the comments below!
Toi Williams began her writing career in 2003 as a copywriter and editor and has authored hundreds of articles on numerous topics for a wide variety of companies. During her professional experience in the fields of Finance, Real Estate, and Law, she has obtained a broad understanding of these industries and brings this knowledge to her work as a writer.
