His net worth is estimated to be around $400 million and he is always looking for new business opportunities. Mortons Steakhouse Menu Prices + Power Hour (2023), Pei Wei Menu Prices + Limited-Time Offers (2023), Cinnabons Menu Prices + 4 Free BonBites (2023), Caribou Coffee Menu Prices + Free Coffee Offer (2023), Krispy Kreme Donuts 1 (In Atlanta thats nearly 60 years old. Meanwhile, The Richest values Shaq net worth at $450 million as of 2022, and Wealthy Gorilla estimates it to be $500 million as of 2022. Six years later, these bets appear to have paid off. Sneaker Releases: YG Delivers a New Block Runner Sneaker, Nobull Drops a Floral Collection + More News Me!" has compiled a list of the top 10 football stars with the most expensive car collections. Shaq reportedly owns 40 locations of the 24-Hour Fitness Centers across the country at the time of writing. How Many Franchises Does Shaq Own? Heres a graphical representation of the franchised businesses Shaq has owned at some point: Shaqs other business interests include the following companies: JCPenney and Forever 21 are included in Shaqs list of business interests. Due to his extensive investment in ABG, Shaq owns a percentage of Elvis' royalties. 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 . "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," the report states. Save my name, email, and website in this browser for the next time I comment. ONeal was one of the main cogs of the companys turnaround and has a seat on the Board of Directors while also being a brand ambassador. His business portfolio is nothing less than the work of a financial genius. All Rights Reserved.FN and Footwear News are registered trademarks of Fairchild Publishing, LLC. In one of his recent tweets, Shaq revealed he has now acquired some of the most popular retail brands in the market. Or so everyone thought. He joined the chain of fitness centres in 2013 as a brand ambassador and gradually worked up the ladder to the board of directors in 2016, and 2019 he became an advisor. Sacramento is home to just the Kings, one of the top professional sports leagues in North America. The renowned entrepreneur has also ventured into the entertainment industry, appearing in numerous films and television shows. Esteban Ocons net worth, height, salary and girlfriend. He has also appeared in numerous films, television shows, and commercials. , and whats his secret to becoming richer than ever? How Shaquille O'Neal Became the Second Largest Investor in the Company Some may catch you by surprise because they are entirely out of his comfort zone. Does Shaquille O'Neal own Elvis Presley's royalties? - The Sun By subscribing, I agree to the Terms of Use and Privacy Policy. O'Neal owns the Big Chicken brand, which he founded in 2018, and has ten locations shipping across the United States of America. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Does Shaquille O'Neal own JCPenney, Forever 21, and Elvis Presley . Shaquille ONeal: The Surprising Owner of Marilyn Monroes Legacy, Investing in a Rolex Wimbledon: A Guide to Making a Smart Decision. ONeal 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. Shaq owns several movie theatres located all over the United States of America. The star reportedly takes in around $60 million per year from endorsements and his various business endeavors, although the exact percentage breakdown split by each of the aforementioned businesses that he's invested in hasn't ever been disclosed. 2 guy in the company.. I knew it then, I know it now: esports is still one of the fastest-growing industries and it just appeals to so many people.". What companies does Shaq own? Find out all the information here So, I called the three companies [seemingly Authentic brand group, Simon property group, and Brookfield property partners] that helped people live forever, and they bought my brand for a lot of money. What Companies Does Shaq Own? His net worth is impressive but not as large as some other NBA stars. This is what growth looks like https://t.co/2xtdAyZW48. Does Shaq Own Papa Johns? (2023) - fashioncoached.com "It ranges from $500,000 to $2 million depending on the commercial and the celebrity," says one local ad exec who's worked on Super Bowl spots. Shaq is said to be worth $400 million, or a little around 380 million. As sprawling as Shaqs success is as a player, he probably did more as a businessman. Not surprising, the phones been ringing off the hook for us, he said. ONeal said he was initially attracted to ABG because the operation centered around fun, family values and getting things done. The novelty of owning a Shaquille O'Neal rap album is what pulled in many of the sales, along with the comically cheesy music videos. And like Shaq the player, good luck stopping Shaq, the business mogul. The company is owned by Shaq through the Authentic Brand Group and deals with high-end latest fashion designs, accessories, and beauty products. As of this writing, he owns 10% of all Five Guys Restaurants franchise stores. Does Shaquille O'Neal owns JCPenney? Wrapping Things Up: What Companies Does Shaq Own? Although Shaq has invested in a number of businesses, he does not currently own any of the major retail brands. The retail powerhouse, led by CEO Jamie Salter and president and CMO Nick Woodhouse, recently secured a pair of major new investors thanks to its talent in reviving struggling yet iconic brands. Currently, there are more than 1,300 Krispy Kreme locations worldwide, and more will open as a result of Shaqs involvement. O'Neal has owned shares in ABG since 2015, when he sold the rights to his name brand to the company. It feels like bragging." He also works as a DJ under the name DJ Diesel, is a minority owner in the NBA's Sacremento Kings, works as a presenter for TNT and in early 2021 launched an Agency named Majority. He also plans to open a chain of sports-themed restaurants, which will be called Shaqs. He is invested in brands such as the Authentic Brands Group, including Barneys New York, Forever 21, Reebok, and JCPenney, all contributing to his net worth. So, I took half that money, put it back in the company, now Im the number two guy in the company. (Note: Shaq did not clarify what percentage of these brands he owed or if they were bought outright. ?Who Owns Forever 21?? As of 2023, the multinational company has over 540 outlets. He has built an empire from the ground while ensuring his personal life and involvement boost its value. Due to the aforementioned investment, Shaq is now second in command in terms of who owns the brands that are part of the Authentic Brands Group. "As soon as I turn the corner, it's screaming kids, watching some other kids play video games. Click here to get a new food business case study with revenue numbers delivered each week. According to Jamie Salter, ONeal reportedly told him: The two businessmen invested in each other, a gamble that has thus far paid off. Another commented, Shaq dont want the bag, he want the whole distribution center.. Shaq really ahead of the game when it comes to business! The company is owned by Shaq through the Authentic Brand Group and deals with high-end latest fashion designs, accessories, and beauty products. FOREVER 21 which is owned by Shaq is a leader in the fashion business, bringing the latest trends to everyone while inspiring individual style and confidence. It was then that the former athlete made a decision that would turn him into the second-largest individual shareholder at ABG. Nobody:@SHAQ :Who Owns Marilyn Monroe?? Since retiring from professional basketball, Shaquille ONeal has made so much dough that hes now worth a reported $400 million. Shaq joined shortly there after with a 2016 investment in the business. You are warned: This list may need updating every month! Shaquille ONeal may be most commonly known for his celebrated career as an NBA star. What Companies Does Shaq Own? Basketball Isn't His Only Business Does Shaq Own JCPenney and Forever 21? Thats right. According to NBC Sports, Shaq is worth an estimated $400 million and is the joint owner of several Auntie Annies Pretzels restaurants, over 100 car washes, and 40 24-hour fitness centers. Across his investment portfolios, Shaq has built generational wealth and inspires others to do the same. 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. See a trend here? Today, he's not only a basketball star but a successful businessman. How Michael Wilbon Earns Top Dollar and Deserves Every Penny! Shaqs net worth in 2021 is estimated to be as high as $400 million, according to AfroTech. The company's low pricing on products and humble shopping environment is what attract buyers from all over the world. "So, when I was retiring, I'm looking around, I'm like 'How does Michael Jackson and all these guys live forever?' I dont believe that ABG would be where we are today without Shaq, and I dont believe that Shaquille ONeal would be where it is today without ABG. ONeals assessed total assets is $400 million, as per NBC Sports. In 2016, O'Neal bought Krispy Kreme cafeteria valued at $2.75 million and added it to the long list of his assets. O'Neal recalled. Being that Im partners with [Jamie] the brand master and reviver, the guy who works magic I told him, I think you should get Reebok, ONeal told FN. JCPenney and Forever 21 are included in Shaq's list of business interests. Coca-Cola purchased the brand name in 2007 after it had been developed in 1996. The franchise is an American-based fast-food restaurant owned by O'Neal. Shaquille O'Neal Net Worth Now it's great that Shaq owns a lot of franchises and other businesses. Please fill out this field with valid email address. ONeals wide-ranging portfolio has led him to amass an impressive net worth of $400 million.-. Learn how your comment data is processed. Me!. Thats not only because of his impressive basketball resume; he also has this bigger-than-life quirky personality. Shaq acquired 155 Five Guys restaurants, but eventually sold off the assets. This campaign led to the development of his clothing line with JCPenney called Shaquille ONeal XLG. The line launched in 2018 as a menswear brand for big and tall men. That reveals a careful side of him. Siminoff revamped the business after appearing on Shark Tank, and it saw a $5 million increase in sales. As a matter of fact, Shaquille O'Neal owns 50 different brands. What is Shaq invested in? (2023) - investguiding.com You could find Shaq in movies like Kazaam in addition to video games. Watch this video ( at the 37:46 mark ), as he talks about the fact he owns JC Penney and Forever 21. 60% of past NBA players file for bankruptcy within five years of retiring, according to a Sports Illustrated research. This figure is largely due to his success as an investor, entrepreneur, and television personality. Law Firm Comes After Adidas for Misleading Investors About Yes Problematic Behavior, Judge Rebukes Nike and StockX for Bickering Amid Ongoing Lawsuit, Crocs Is Using Its DTC Playbook to Grow the Hey Dude Brand, Reebok Reimagines Beloved Classic Leather Trail with Help from Los Angeles Streetwear Brand Pleasures, Sneaker Releases: YG Delivers a New Block Runner Sneaker, Nobull Drops a Floral Collection + More News, Ted Baker Management Exits as Authentic Inks New Deals for the British Brand, How to Shop Carrie Bradshaws Shoes from And Just Like That, The 8 Best Indoor Cycling Shoes, According to Fitness Experts, Shimano Women's IC5 Indoor Cycling Shoe $125, The 21 Most Comfortable Shoes for Men Youll Want to Live in, The 26 Best Walking Shoes for Women of 2023, Tested and Reviewed by Experts and Editors, FN CEO Summit Makes a Major Return to Miami With The Master Class 2023, Jaden Smith on Defying Gender Norms, Fashions Future & More, Jasmine Jordan on the Potential Trillions Her Father Michael Jordan Could Have Made With NIL, The Heart and Sole of the Footwear Industry. If youre interested in learning Shaqs story, check out this basketball biography book. ', Shaq is very involved in our business and very involved in his business with us, Woodhouse said. He owns several 24-Hour Fitness centers and was a minority owner of the Sacramento Kings. According to recent estimates, Shaquille ONeals net worth is upwards of $400 million. While emulating Bezos was truly brilliant, Shaq also incorporated his own style into his ventures. You gotta have bachelors or masters and then if you want me to invest in one of your companies, you gotta have to present it, bring it to me, Ill let you know, Im not giving you nothing.. Shaq also has interests in Google Inc AKA Alphabet. Restaurants, retail malls, movie theater, car washes, and nightclubs are all part of Shaqs economic empire. My real business is I own 50 brands, Shaq explained. Want to read more articles like this one? Worth It? He released a range of sneakers as a result of this cooperation, including the well-known Reebok Shaq Attaq. 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. A selection of specialty sandwiches is available on the Big Chicken menu. O'Neal who following a very successful basketball career made a name for himself by bagging a seemingly endless list of endorsement deals from brands such as The General, Gold Bond, Icy Hot, Buick, etc. He has also invested in a number of other companies, including a venture capital fund, an artificial intelligence startup, and an online education platform. 2010-2018 Mobile Cuisine, LLC - All rights reserved. He also appears as an endorser to around 50 other companies. ABG did not have an update regarding which company will license footwear and apparel for Reebok, though Woodhouse said there was definite interest. ! wrote one Instagram user. 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. I'll let him explain. Tragic News from Gas Monkey Garage: Who Died and Why? Since its founding in 1988, Auntie Annes has expanded to approximately 2,000 locations in malls and major transportation hubs (such as airports and railway stations) all over the world. 2023 Fairchild Publishing, LLC. In conclusion, Id argue Shaq is better at business than he ever was shooting free-throws in the NBA. Of course who could forget his timeless rap album titled Shaq Diesel? He has also been successful as an actor and investor. Does Shaquille o Neal own JCPenney? - AnswerParadise.net (Video) Shaq joins Papa John's! Shaquille O'Neal just revealed he owns Forever 21, Elvis - Upworthy ONeal made this known during an episode of his reality TV show Shaq Life.". Adidas acquired Reebok in 2006 for $3.8 billion and laid out a turnaround plan for the brand in 2016. It has no need for a massive corporate headquarters campus. This say includes being the key voice in the companys acquisition of Reebok. Please fill out this field with valid email address. After all, he turned down a deal with Starbucks since he felt black people couldnt relate to it. 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.