This investment led to significant returns for the investor. As of 2023, the multinational company has over 540 outlets. Shaq was also formerly a part-owner of 155 Five Guys restaurants. Me!. The Hall of Famer added that although he could've easily sold his brand and likeness that he worked so hard to build, that would give investors the right to do as they please and potentially push him to the background. Shaq bought a share of Rings equity in 2016 and he later joined the companys marketing strategy as a brand ambassador. As of 2021, Shaq's net worth is somewhere around $400 million, per NBC Sports. As far as his basketball achievement goes, check his personal accomplishments in his 19-year career: Shaq was as decorated as any NBA superstar, but he also had several awards during college. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. Well delve deeper into Shaqs business operations and what he does on a daily basis. GOOD aligns unparalleled expertise in social science, social media, and social change. Shaq owns several movie theatres located all over the United States of America. His business portfolio is nothing less than the work of a financial genius. > What Do NBA Players Do After They Retire? The franchise is an American-based fast-food restaurant owned by O'Neal. Does Shaq own JCPenney? Another commented, Shaq dont want the bag, he want the whole distribution center.. WordPress.com VIP. Shaq owns 50 brands in different industries, not to mention dozens of other companies he endorses. 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. Car Washes During a recent appearance on the live taping of the financial literacy podcast Earn Your Leisure with financial advisor Rashad Bilal and educator Troy Millings, Shaq revealed some head-turning details about his financial profile that had fans in the audience in shock, but equally as impressed. Read and find out. Shaq has always had a knack for capturing the spotlight. Who does Shaq own the rights to? He has a net worth of $400 million . 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. American fast-food restaurant franchise Five Guys offers a variety of French fries and hamburgers. Thats right. ABG owns numerous entertainment, lifestyle, and global media brands, including Forever 21, Barneys New York, JCPenney, Marilyn Monroe, Elvis Presley, and Reebok. Here are all the details. ONeal has also mentioned his many businesses on the Earn Your Leisure podcast: Be the first one to comment on this story. Other notable investments of Shaq are Lyft, Vitaminwater, and Ring. Me!" The same year, Siminoff and Doorbot appeared on a Shark Tank episode to ask for a $700,000 investment in the business, which he estimated to be worth $7 million. Shaq does not own JCPenney or Forever 21. In 2022, he signed a deal for more outreach to regions such as Phoenix and Dallas. Coca-Cola purchased the brand name in 2007 after it had been developed in 1996. So it is not surprising that many people are wondering if Shaq is the owner of JCPenney and Forever 21. How Shaq Became a Successful Entrepreneur. portfolio of more than 30 brands, including Juicy Couture, Brooks Brothers, and Barneys New York. This question has been asked by many people, especially those who want to follow in Shaquille O'Neal's footsteps and invest in a business. During his interview, he stated that he aims to own more than 100 Krispy Kreme cafeterias and has acquired a famous place in Atlanta. ', Shaq is very involved in our business and very involved in his business with us, Woodhouse said. 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. The 4x NBA champions business apparently doesnt stop there. Shaquille ONeal is one of the most well-known names in NBA history. ONeal also noted that his net worth quadrupled ever since he kept the wise words of the Amazon CEO. Shaquille O'Neal was a multimillionaire thanks to his NBA career. ONeal has 155 Five Guys franchises to his name, not to mention Big Chicken, Krispy Kreme, Papa Johns, and Auntie Annies. The company was founded in 1902 and is currently owned by an investment firm, Sycamore Partners. and added it to the long list of his assets. However, ONeal has also become a renowned businessman with multiple successful investments. "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. 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. Cover photo by Keith Allisonis licensed under CC BY 2.0 / modified from original. Armani, Azzedine Alaa, Comme des Garons, Christian Louboutin, and Ermenegildo Zegna were among the prominent luxury labels brought to the US market. Shaq does in fact own a certain percentage of Elvis' trademark royalties, but it's not clear how much Credit: Getty. Who owns Forever 21?" Shaq acquired 155 Five Guys restaurants, but eventually sold off the assets. In the sports and fitness space, ONeal also carved a big name for himself. The multinational pizza business was founded in 1984 by John Schnatter, and in 2019, Shaq became its new brand ambassador, investor, and owner. "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. But the former athlete is also an avid businessman, working behind the scenes on some of the biggest retail deals of 2021. Does Shaq own JCPenney and Forever 21? The four-time former NBA champion is among the 24-Hour Fitness centres investors. O'Neal owns the Big Chicken brand, which he founded in 2018, and has ten locations shipping across the United States of America. In conclusion, Id argue Shaq is better at business than he ever was shooting free-throws in the NBA. On Thursday, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York and J.C. Penney, entered into an agreement to buy the Reebok brand from Adidas. In 2013, Shaq made his first investment in Lyft when it was still a startup. "Playboy," Millings responded. The American chain of doughnut shops Krispy Kreme was established in 1937. He also owns 24-Hour fitness gyms, car washes, movie theatres, nightclubs, and shopping malls. 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. ?Who Owns JCPenny?? Siminoff revamped the business after appearing on Shark Tank, and it saw a $5 million increase in sales. Most of his companies are based on fast foods, for instance, the Five Guys and the Big Chicken restaurants, while others deal with fashion, fitness, and car washes. For example, Michael Jordan and Kobe Bryant both have net worths of over $1 billion. Shaq belongs to a group that owns about 5% of the team. Shaq owns Forever 21, JCPenney, Elvis Presley, Marilyn Monroe, and others. I live in Monaco, and I love helping people make the most of their money. Neighbors is an app that allows users to share video footage with each other online in a social setting. Yes, he does. ONeal stated in front of more than 3,000 franchise professionals at the International Franchise Associations 2022 Annual Convention that he wanted to succeed in business instead of becoming one of the 60% of NBA players who go broke after leaving the game.. "Who owns Elvis Presley? Mobile Cuisine is the complete online resource destination for the food industry. After all, he turned down a deal with Starbucks since he felt black people couldnt relate to it. It started when the company bought the rights to half of ONeals name brand. How much did Shaq earn in his NBA career? The COVID-19 pandemic sealed JCPenney's fate. Five Guys Enterprises LLC (doing business as Five Guys Burgers and Fries) is an American fast-casual restaurant franchise based in Lorton, Virginia, an unincorporated section of Fairfax County. "I make investments, not for the monetary reasons, but if it's going to change people's lives and if I see people enjoy doing it.". You bet! For his second album, Shaq Fu: Da Return, released in 1994, Shaq invited a slew of his favorite rappers of the . Aside from a very successful basketball career that included four championship wins, NBA legend Shaquille ONeal is just as known for his very lucrative business dealings. Shaq owns 50 brands, according to the Big Diesel himself in his own reality TV show Shaq Life. eSports is a competitive video game platform that has recently gained popularity. Does Shaq own Elvis Presley? According to the facts, Shaq owns 50 distinct brands, which he also revealed himself. There are 300 fitness centres in 11 states, and at least 40 belong to Shaq, each with an original design. , and whats his secret to becoming richer than ever? However, he is the second-highest individual shareholder of Authentic Brands Group, a brand development, marketing, and entertainment firm. Required fields are marked Shaq is no stranger in the league, giving way to his part-ownership of one of its teams and being a competitor during his time in the NBA. Salter described the relationship between the two as a marriage, where both partners took bets on one another. Logan Green and John Zimmer launched the business in June 2012 with the goal of enhancing peoples lives with the best road transport available. He said, Congratulations, my friend, we own Reebok. And it was one of the best days in my life., Footwear News is a part of Penske Media Corporation. Im looking forward to watching Shaqs growing list of business accomplishments just like I watched him on the hardwood so many years ago. 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. The Big Diesel then made the decision to immediately reinvest the proceeds of that deal in Authentic Brands Group. Nevertheless, even though he is connected to many brands either as an owner or endorser, he chooses his sponsors carefully. Amazon owns Ring LLC, a business that provides smart home security. 2023 Fairchild Publishing, LLC. Read More: What companies does George Soros own? (The Good and Bad). Considering that each Auntie Annes costs about $385,000 to open, ONeal apparently owns seventeen sites, including ones in Michigan and Buffalo, New York. He was introduced to Google before it went public in 2004 and said his only regret is not buying more of Googles stocks. He also appears as an endorser to around 50 other companies. NBA legend Shaquille O'Neal recently blew the internet away with a small sneak peek of his extensive financial portfolio.
Lennox Police Shooting, Articles D