Definitely not. Shaquille O'Neal was a multimillionaire thanks to his NBA career. Shaq is said to own 155 Five Guys Burgers restaurants, 40 24-hour fitness centers, 17 Auntie Annies Pretzels restaurants, 150 carwashes, several nightclubs in Las Vegas, a shopping center, and a movie theatre. Coca-Cola purchased the brand name in 2007 after it had been developed in 1996. Since he originally joined the 24-Hour Fitness team as a brand ambassador in 2013, Shaquille ONeal has been associated with the company. Is Shaq owner of JCPenney? JCPenney has significant Fine Jewelry segments, The Salon by InStyle, and Sephora within it, as well as offering customary items. Join our newsletter & get our comprehensive101-pagebasketball guide. Shaq acquired 155 Five Guys restaurants, but eventually sold off the assets. The first location is expected to open in Atlanta, Georgia. With Reebok now under the ABG umbrella, ONeal is a partial owner of Reebok, along with the other brands in the ABG portfolio of more than 30 brands, including Juicy Couture, Brooks Brothers, and Barneys New York. After his retirement from the NBA, Shaq pursued a career in business and entertainment. In the case of Reebok, hewas adamant that the company make a competitive offer to acquire the footwear label from Adidas. The four-time NBA champion claimed that Wheaties, a competitor of Frosted Flakes, had approached him about becoming the face of the brand, but he had declined since he favored the latter; he would, later on, be seen on Wheaties cereal boxes. Really grateful for the opportunity to interview him and write this story.My latest for @FOS https://t.co/Ni5TyidWLY, "One day I had the children and my boys said, 'Dad, take us to the Staples Center!'" Not surprising, the phones been ringing off the hook for us, he said. Shaquille ONeals business investment portfolio is wide-ranging. 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. Esteban Ocons net worth, height, salary and girlfriend. And like Shaq the player, good luck stopping Shaq, the business mogul. I said, Yeah. He says, Id like to invest it in ABG. And I said, Hold on, I dont understand. Some own the latest and most expensive car models that only the wealthiest can afford. As of 2021, Shaq's net worth is somewhere around $400 million, per NBC Sports. Does Shaq own Walmart? He is presently involved in several food franchises likeKrispy Kreme, Papa Johns, and Auntie Annes Pretzels. Sneaker Releases: YG Delivers a New Block Runner Sneaker, Nobull Drops a Floral Collection + More News As a longtime partner of Reebok and an owner of ABG, its a dream come true to welcome this legendary brand to the family, ONeal said in a statement. The first step was when the business acquired the rights to 50 percent of Shaqs name brand. Footwear News is a part of Penske Media Corporation. What companies does Shaq own? How Many Total Businesses? The company's low pricing on products and humble shopping environment is what attract buyers from all over the world. Like his playing days, nothing is going to stop the Big Aristotle. ONeals relationship with Reebok began in 1992, when he inked a multi-year, $15 million contract with the company. The answer to this question is no. How much do celebrities get paid for commercials? According to recent estimates, Shaquille ONeals net worth is upwards of $400 million. 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. Me! Unraveling the Financial Success of Chris Samuels: His Remarkable Net Worth. According to NBC Sports, Shaq is worth an estimated $400 million and is the joint owner of several Auntie Annie's Pretzels restaurants,. Shaq also has interests in Google Inc AKA Alphabet. He remains behind billionaire founder and CEO of Authentic Brands Group, Jamie Salter. O'Neal continued. As per the report, he claims 155 Five Guys Burgers areas, 17 Auntie Annies Pretzels areas, 150 vehicle washes, 40 24-hour wellness focuses, a shopping center, a cinema, and numerous Las Vegas clubs. Some own the latest and most expensive car models that only the wealthiest can afford. Among his teammates, Shaq was both a kid and a cold-blooded killer. Click the link above for more details about the top 10 football stars holding the most expensive car collections. 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. Shaq is said to be worth $400 million, or a little around 380 million. Shaq has always had a knack for capturing the spotlight. He was forced to sell his stake after accepting a deal with Wynnbett. Forever 21 is an American fast-fashion retailer. Shaq is also heavily involved with the pizza chain Papa Johns. Lyft would eventually be valued at $23.4 billion when the company went public in 2019. The multinational pizza business was founded in 1984 by John Schnatter, and in 2019, Shaq became its new brand ambassador. 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. This can be attributed to the fact that Shaq is an athlete that spent 19 seasons as a professional athlete in the NBA. You could find Shaq in movies like Kazaam in addition to video games. 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. Shaq is always looking to expand his business portfolio and he has numerous investments in the works. eSports is a competitive video game platform that has recently gained popularity. We'll answer this question and provide an overview of Shaq's other investments, such as his ownership stake in Walmart, Krispy Kreme, JC Penney, Forever 21 and Papa John's. As of 2023, the multinational company has over 540 outlets. Does Shaquille O'Neal own JCPenney, Forever 21, and Elvis Presley . Shaq is an investor and entrepreneur with a number of successful business ventures. He continues to follow Authentic Brands Group CEO and billionaire entrepreneur Jamie Salter. He is also known for his business acumen and success as an entrepreneur. Shaq owns several movie theatres located all over the United States of America. How much did Shaq earn in his NBA career? I want you to sign it. With the new move-in in February 2021, Brookfield, Simon, and ABG became the new ownership group of famous stores forever 21. "Who owns Elvis Presley? During his days on the court, he was known for his magnificent and exceptional skills and was regarded as one of the best basketball players ever. 2023 Fairchild Publishing, LLC. If someone says, would you stand in front of a freight train for Shaquille ONeal, the answer is yes because hes a real partner, Salter said. Does Shaq own JCPenney and Forever 21? When it came to making money through other ventures, Shaq was literally all over the place. if it's going to change people's lives and if I see people enjoy doing it." 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. Learn how your comment data is processed. Some may catch you by surprise because they are entirely out of his comfort zone. O'Neal has owned shares in ABG since 2015, when he sold the rights to his name brand to the company. Thats not only because of his impressive basketball resume; he also has this bigger-than-life quirky personality. A selection of specialty sandwiches is available on the Big Chicken menu. He almost always stayed true to himself and stayed within his comfort zone. 60% of past NBA players file for bankruptcy within five years of retiring, according to a Sports Illustrated research. Related During his interview, he stated that he aims to own more than 100 Krispy Kreme cafeterias and has acquired a famous place in Atlanta. Forever 21 is one of several brands owned by Authentic Brands, which is in a 50-50 partnership with Simon called Sparc Group. You dont have to own a business to be a CEO, being a CEO is a mentality. He was introduced to Google before it went public in 2004 and said his only regret is not buying more of Googles stocks. Since 2015, Shaq has owned interests in the Authentic Brands Group. shared that he owns quite a few notable businesses of his own. Numerous businesses, including Coca-Cola, Red Bull, and Intel, support eSports competitions. Across his investment portfolios, Shaq has built generational wealth and inspires others to do the same. All Rights Reserved. Who owns JCPenney? Since 2013, Shaq has owned a minor portion of the Sacramento Kings. All Rights Reserved. Here is the ever-growing list of businesses under Shaqs empire. , according to the Big Diesel himself in his own reality TV show Shaq Life. Here are a few businesses Shaq has a stake in. In his recent weekly business conversations with the former athlete, Woodhouse related that most conversations, start[ed] off with, Have you bought Reebok yet? The project cost was estimated to be $7 million, and it had a 40-foot 3D digital screen. 2010-2018 Mobile Cuisine, LLC - All rights reserved. Who owns Marilyn Monroe," the former basketball star asked the two hosts, reports Atlanta Black Star. There are 300 fitness centres in 11 states, and at least 40 belong to Shaq, each with an original design. Shaq is also looking to expand his investment in the Papa Johns Pizza chain. Basketball is pretty simple the team with the most points at the end of play wins. One of the wisest investors out there! expressed a third. 2. Heres a snapshot of Shaqs franchises, his total number of stores, and Shaqs other business interests we havent mentioned yet. Shaq has long been a fan of Vitaminwater, and he even created his own flavor, Shaq Fu Punch, which he originally collaborated with in 2008. Jordan Poole: girlfriend Kim Cruz, stats, contract, age, net worth. Do Shaq owns Elvis Presley? ?Who Owns Elvis Presley?? Bezos, according to ONeal, only invests in businesses that will change peoples lives and says he follows that blueprint. Shaq joined shortly there after with a 2016 investment in the business. Were going to build this company together. And thats how he became the second-largest shareholder of ABG.. 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. NRG eSports was created in 2015. In 2016, O'Neal bought Krispy Kreme cafeteria valued at $2.75 million and added it to the long list of his assets. Shaquille ONeal: The Surprising Owner of Marilyn Monroes Legacy, Investing in a Rolex Wimbledon: A Guide to Making a Smart Decision. portfolio of more than 30 brands, including Juicy Couture, Brooks Brothers, and Barneys New York. During his time at ABG, ONeal has played a role in many investments. Contribute to Atlanta Black Star today and help us share our narratives. 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. You would like his business strategy because hes never afraid of anything, unless, of course, he doesnt like the product or could not understand it. ABG did not have an update regarding which company will license footwear and apparel for Reebok, though Woodhouse said there was definite interest. Watch this video ( at the 37:46 mark ), as he talks about the fact he owns JC Penney and Forever 21. 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. Ted Baker Management Exits as Authentic Inks New Deals for the British Brand. Shaq is an investor in the Papa Johns Pizza chain, an online ticketing platform called Game Plan, and a mobile gaming platform called Skillz. Shaquille O'Neal just revealed he owns Forever 21, Elvis Presley, and much more "I make investments, not for the monetary reasons, but. That said, Shaq does not own JCPenney. After that, ONeal decided to invest the money from that deal right back into Authentic Brands Group. Salter spent four years as Ride's CEO, leading it through an initial public offering on Nasdaq, before stepping down in 1996,. We bring people together, change perceptions, and inspire actions that impact culture for good. Shaq does in fact own a certain percentage of Elvis' trademark royalties, but it's not clear how much Credit: Getty. As the business grew and achieved greater success, Shaq continued to put more money into it. Playboy, Millings responded. Numerous doughnut varieties are available at Krispy Kreme, along with coffee, beverages, and merchandise. During his interview, he stated that he aims to own more than 100 Krispy Kreme cafeterias and has acquired a famous place in Atlanta. John Schnatter established the company in 1984. Pretzel dogs, pretzel bits, and beverages are also offered by this chain thats often found in US 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 . (The Good and Bad), How to Start a Home Bakery Business (Beginners Guide), What To Research Before Buying A Franchise: Objective List, Can You Franchise Shaqs Big Chicken Restaurant? As I mentioned earlier, Shaq has invested in Apple, PepsiCo, and General Electric. As a matter of fact, Shaquille O'Neal owns 50 different brands. 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. The multinational pizza business was founded in 1984 by John Schnatter, and in 2019, Shaq became its new brand ambassador, investor, and owner. Footwear News is a part of Penske Media Corporation. He is also a partner in the ownership group of the Sacramento Kings. I put money back in the company, and now I own all those other brands, so if Shaq ever goes away, sh-t, we still got Elvis., Fans online were stunned. Im going to send you something. (Video) Shaq joins Papa John's! Powered by 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. Siminoff revamped the business after appearing on Shark Tank, and it saw a $5 million increase in sales. He has also been successful as an actor and investor. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. The American chain of doughnut shops Krispy Kreme was established in 1937. In terms of pizza delivery services, Papa Johns is ranked third in the country. On-demand, Ring gives law enforcement organizations access to the video footage from its cameras and the data from its Neighbors app. 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.". Shaq owns a chain of restaurants, movie theatres, retail malls, car washes, fitness centres, and nightclubs with numerous brands. Though most of its stores remain open for business, JCPenney. The group own 37.5 percent of Forever 21 alongside the Simon Property Group . He has also appeared in numerous films, television shows, and commercials. 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. But, he is the second highest shareholder of the Authentic Brands Group, one of the companies behind the acquisition of retailers such as Reebok, Forever 21, Barneys New York, and JCPenney. Who owns Elvis Presley? Shaq is said to own 155 Five Guys Burgers restaurants, 40 24-hour fitness centers, 17 Auntie Annies Pretzels restaurants, 150 carwashes, several nightclubs in Las Vegas, a shopping center, and a movie theatre. So it is not surprising that many people are wondering if Shaq is the owner of JCPenney and Forever 21. As of 2023, the multinational company has over 540 outlets. 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. Shaq has a reputation of being vicious at the same time. All rights reserved. According to Jamie Salter, ONeal reportedly told him: The two businessmen invested in each other, a gamble that has thus far paid off. Who owns Marilyn Monroe, the former basketball star asked the two hosts. Shaq belongs to this elite group of multi-million NBA players. Worth It? Then you may alsolike our other basketball FAQ articles here. As mentioned earlier, Shaq has experience owning several food franchises. 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. Moreover, Shaq also dabbled in tech (Apple, Google, Loyal3) and real estate. Me!" ONeal said he was initially attracted to ABG because the operation centered around fun, family values and getting things done. According to various online analysts, SportsBrief has compiled a list of the top 10 companies owned by Shaq as of 2023. 14:45 (UTC), 7 July 2021 Investors will be able to own a piece of Shaq, Elvis and Marilyn, along with a clutch of well-known apparel and lifestyle brands, after brand licensing business Authentic Brands Group (ABG) filed to list its shares on the NYSE. Shaquille ONeal is one of the most well-known names in NBA history. Forever 21 is currently owned by Authentic Brands Group and Simon Property Group. Please fill out this field with valid email address. Soft pretzels that are freshly baked and sensually aromatic are Auntie Annes specialty. However, he has also conquered the business world and is quite an entrepreneur. All in all, Shaq owns 50 brands and does not plan on stopping there. Is Shaquille ONeal The Owner of JCPenney and Forever 21? Im looking forward to watching Shaqs growing list of business accomplishments just like I watched him on the hardwood so many years ago. Former NBA superstar Shaquille ONeal, popularly known as Shaq, is one of those generational talents who hardly comes into the NBA today. Powered by According to the facts, Shaq owns 50 distinct brands, which he also revealed himself. In recent years, ONeal has vocalized his desire to purchase Reebok through his partnership with ABG. Siminoff received a proposal from possible investor Kevin OLeary, but Siminoff turned it down. Players like Scottie Pippen and Dennis Rodman have met this fate. And then one day I wasnt even thinking about it and he said, I got a big surprise for you. 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. Restaurants, retail malls, movie theater, car washes, and nightclubs are all part of Shaqs economic empire. [Reebok] is the company that helped, with his athletic prowess, vault him to fame and teach him how to be a businessman.. This happened immediately following the contentious disclosure of their former CEO. What Are Shaqs Future Business Ventures? In all likelihood, the Big Diesel doesnt look like he is not slowing down anytime soon. Shaq is an active businessman and investor in several top U.S. corporations such as Apple, General Electric, and PepsiCo. He also appears as an endorser to around 50 other companies. ONeal has 155 Five Guys franchises to his name, not to mention Big Chicken, Krispy Kreme, Papa Johns, and Auntie Annies. "So, when I was retiring, I'm looking around, I'm like 'How does Michael Jackson and all these guys live forever?' On Thursday, the company behind dozens of brand and retailer acquisitions, including Forever. 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 Needs to Improve a Lot": Cremonese Manager on Ghana Striker Afena Gyan, Denver Nuggets Rally Past Phoenix Suns in Game 2 As Chris Paul Injures Groin, Leeds United Players Apologise for Snubbing Fans Before Bournemouth Defeat, Klopp Left Stunned As Thiago Gives Instructions to Liverpool Star From the Touchline, Arteta adamant Arsenal still in Premier League title race, Ryan Garcia: American Boxer Dumps Trainer After Crushing Gervonta Davis Defeat, Details Emerge on How Plot to Have Mourinho Return to Chelsea for the Third Time Collapsed, Super Eagles Star Scores Incredible Goal As Fight To Escape Relegation Continues for His EPL Club, Barca Ace Jules Kounde Reacts to Steph Curry's History Making Game 7 Performance, Warriors vs Lakers Series Preview: Previous Matchups, Key Players, and Schedule. 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. Does Shaq Own JCPenney and Forever 21? 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 . His most valuable asset is likely his stake in the Papa Johns Pizza chain. He also owns 24-Hour fitness gyms, car washes, movie theatres, nightclubs, and shopping malls. Shaqs net worth in 2021 is estimated to be as high as $400 million, according to AfroTech. 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. 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.Dec 2, 2021 . ONeal has owned shares in ABG since 2015, when the company bought the rights to his name brand. You need to explain that to me. He says, Im doing a deal with you to sell you 50% of everything I have going on for the rest of my life. Shaq does not own JCPenney or Forever 21. Nobody:@SHAQ :Who Owns Marilyn Monroe?? So it really is something super special.. In interviews, Shaq has said that his mother emphasized education and having a safety net. Considering that each Auntie Annes costs about $385,000 to open, ONeal apparently owns seventeen sites, including ones in Michigan and Buffalo, New York. Most of these players take home huge sums as salaries every week, evident by their luxurious lifestyles. The Hall of Famer has invested in various franchises despite the risks and liabilities and has come out wealthier than ever. I wanted to partner with a company that could perhaps have my name go on forever, ONeal told FN. The multi-titled NBA champion has acknowledged in interviews that he has always realized money might vanish as soon as it appeared. 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. Considering what companies Shaq owns and the size of his empire, it is proof enough that he is a mastermind both on the court and in the business world. 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. I never even heard of esports. O'Neal recalled. Second, what he has done on the court is magnified a gazillion times because he has such a jovial, childlike personality. The Big Diesel invested $840,000 in 9 other Papa John's restaurants, and when his name was used for marketing purposes, he pocketed a whooping sum of $8.5 million. As an entrepreneur, Shaq has invested in a number of businesses, including an investment in the Papa Johns Pizza chain. This is the key to his success as an entrepreneur. Shaquille ONeal is a well-known NBA legend and one of the most famous athletes in the world. A post shared by DR. SHAQUILLE ONEAL Ed.D. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. As of this writing, he owns 10% of all Five Guys Restaurants franchise stores. Bio and all the details. It sells famous burgers and fries incorporated with other dishes, and its location is hard to miss in the States. "I put money back in the company, and now I own all those other brands, so if Shaq ever goes away, sh-t, we still got Elvis," he said. ONeal has owned shares in Authentic Brands Group since 2015. These franchises significantly contribute to his extensive net worth.
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