Shaq Net Worth
The Shaq net worth is estimated to be around $450 million as of 2023, making him one of the richest retired athletes in the world. His annual salary during his playing career peaked at $35 million, and his various business ventures have helped him continue to earn millions of dollars per year even after retiring from basketball.
Shaquille O’Neal, commonly known as Shaq, is one of the most famous retired professional basketball players in the world. He played in the National Basketball Association (NBA) for 19 years, from 1992 until 2011. He is known for his powerful presence on the court, his great basketball skills, and his numerous endorsement deals. In this blog post, we’ll take a closer look at Shaq’s net worth, and how he accumulated his fortune.
Shaq’s height measures an impressive 7 feet 1 inch, with a shoe size of 23. His physical build played a significant role in his fame and success, giving him an upper hand against his competitors.
During his early years in the NBA, Shaq’s thunderous dunks caused the steel backboard supports to break, resulting in the league upgrading the backboards’ strength and stability. His renowned “drop step” move, which he humorously named the Black Tornado, is a signature move that fans continue to admire.
Early Life and Education
Shaq was born on March 6th, 1972 in Newark, New Jersey to parents Lucille O’Neal and Joe Toney. His father was imprisoned for drug possession when he was a baby and his parents never married. O’Neal’s stepfather, Phillip Harrison, who was a sergeant in the U.S. Army, helped raise him. As a child, he was part of the Boys and Girls Club of America, which kept him off the streets. He moved around with his family to Germany and Texas before gaining attention for his basketball talent in high school. In his senior year, he led San Antonio’s Robert G. Cole High School team to the state championship. O’Neal played basketball for Louisiana State University, where he received several awards for his talent.
Shaq’s NBA Career | Shaq net worth
After leaving LSU, Shaq was selected as the first overall pick in the 1992 NBA draft by the Orlando Magic. He played for the Magic for four years, during which he was named Rookie of the Year and led the team to the NBA Finals in 1995.
During Shaq’s second season with the Magic, he helped lead the team to their first playoff series. The following year, the team made it to the finals but lost to the Houston Rockets. Despite O’Neal suffering from injuries during the 1995-96 season, the Orlando Magic finished with a winning record in the regular season. In the playoffs, they won the first two rounds but were ultimately defeated by Michael Jordan’s Chicago Bulls.
In 1996, Shaq joined the men’s Olympic basketball team in Atlanta, which won the Olympic gold medal. During the Olympics, he announced his plans to join the Los Angeles Lakers due to tensions rising between him, his coach, teammates, and local Orlando media. The Lakers offered Shaq a seven-year, $121 million deal.
Shaq then moved on to play for the Los Angeles Lakers, where he played from 1996 to 2004. During his time with the Lakers, Shaq won three NBA championships, and he was named the NBA Finals MVP all three times. He then played for the Miami Heat, the Phoenix Suns, the Cleveland Cavaliers, and the Boston Celtics, before retiring from basketball in 2011.
Shaq joined the Lakers with Kobe Bryant, but they initially couldn’t win the championship. The arrival of Phil Jackson in the 1999-00 season led the Lakers to become dominant and win three championships in a row. Shaq was later traded to the Miami Heat where he won his fourth championship in the 2005-06 season. He then had short-term contracts with various teams, including the Phoenix Suns, Cleveland Cavaliers, and Boston Celtics.
Shaq Endorsement Deals | Shaq net worth
Aside from his NBA salary, Shaq has made millions of dollars through endorsement deals with companies such as Reebok, Icy Hot, Gold Bond, Pepsi, and Nestle. He has also worked as a sports analyst for TNT and NBA on TNT, and as an actor in movies such as Kazaam and Blue Chips.
Shaq’s main residence for many years was a massive 12-bedroom mansion in Orlando. The property spans 35,000 square feet and boasts a 6,000 square-foot indoor basketball court, a 17-car garage, and a 10-foot privacy wall. He bought the land for the mansion in 1993 for $4 million and personally oversaw its construction.
In May 2018, Shaq listed the mansion for sale for the first time at $28 million. However, he later lowered the asking price to $22 million in January 2019. The property is situated within the gated Isleworth Golf & Country Club community.
By September 2020, Shaq had once again dropped the asking price of the mansion to $19.5 million. Finally, in January 2021, he sold the property for $16.5 million.
Shaq also owns a 15-acre property in a suburban area of Atlanta which he purchased in 2017 for $1.15 million. He also bought a house within a gated community in Bell Canyon, a suburb of Los Angeles, for $1.8 million in 2018. In late 2019, he put the property on the market for $2.5 million.
Investments | Shaq net worth
In addition to his real estate investments, Shaq has also invested in several companies, including Google and Ring, the home security company that was acquired by Amazon in 2018 for more than $1 billion. He has also invested in restaurants, including the Big Chicken restaurant in Las Vegas.
Shaq’s personal life
Shaquille O’Neal tied the knot with Shaunie Nelson in December 2002. Together, they have four children named Shareef, Amirah, Shaqir, and Me’arah. O’Neal also has a daughter, Taahirah, from a prior relationship with Arnetta Yardbourgh. O’Neal initially filed for divorce from Shaunie in September 2007, but the couple withdrew the divorce. However, in November 2009, Shaunie filed an intent to divorce, citing irreconcilable differences. From 2010 to 2012, O’Neal dated reality star Nicole Alexander. Since 2014, he has been in a relationship with model Laticia Rolle.
Shaquille O’Neal has achieved an impressive feat in academics by earning a doctorate degree in education. Following the completion of his master’s degree from the University of Phoenix, he pursued his education further at Barry University, a private Catholic institution. Although primarily completed online, the course spanned multiple years and demonstrated O’Neal’s dedication to education and willingness to push himself to new challenges.