How Much Money Does Shaquille O'neal Have

Shaq'southward Vision Behind His Investments is non Just About Making Coin. He has Ready Out to Change Lives for the Better Through Franchise Ownership.

Former NBA star Shaquille O'Neal has a reported net worth of some $400 meg, with much of that tied upwardly in ownership of a bevy of franchise restaurant units. Equally reported by Findingfuel.com, these include 17 Auntie Annie'due south Pretzels restaurants, nine Papa John'due south, one Krispy Kreme and a Big Chicken restaurant that is beingness franchised. He formerly was part-owner of 155 Five Guys restaurants.

How's this working out for him? In a idiot box interview, O'Neal said he makes more annually from his business organization investments than he did from his $30 million-a-twelvemonth basketball paycheck. He besides told the interviewer that when looking at a potential franchise business concern, he invests only if he personally likes a production and/or company.

Shaq's Net Worth is Just Office of the Film

Although Shaq'due south net worth is off the charts, that's only part of his winning game plan. He also has fix out to alter lives for the better through franchise ownership. In a 2021 interview in The Wall Street Journal, O'Neal said the post-obit credo also plays a huge role in his decisions: "Whenever I practice business, it's not most the money. I heard Jeff Bezos say one time when he was talking – he says he makes his investment based on if information technology's going to change people's lives for the better. And once I started doing the strategy, I recall I probably quadrupled what I'g worth now."

And so what food franchises does Shaquille O'Neal ain? Hither's a look, per Findingfueld.com:

Auntie Anne'southward

Auntie Anne'due south signature food is hot-out-of-the-oven, tantalizingly effluvious soft pretzels. The brand also sells pretzel dogs, pretzel bites and beverages. Established in 1988, Auntie Anne'south has nearly 2,000 units in shopping centers and transportation hubs (airports and train stations) worldwide. O'Neal reportedly owns ix locations in Michigan and 8 in Buffalo, Northward.Y. The price to open each Auntie Anne's is effectually $385,000, so that brings O'Neal'south investment to around $half-dozen.5 million.

Krispy Kreme

O'Neal would like to own 100 units of 83-year-erstwhile Krispy Kreme, according to TMZ. His current franchise is in Atlanta, which came with an approximate price tag of $2,750,000. The franchise is famous for its fresh hot doughnuts but also sells hot and cold beverages, soft-serve ice cream, and diverse shakes. O'Neal told The Wall Street Periodical that Krispy Kreme is his favorite business endeavor. He went on to explain that it'due south because "I like doughnuts, and Charles Barkley loves doughnuts. And he's my biggest customer. I wanna be a large part of that business."

Papa John's

O'Neal's nine Papa John's pizza franchises toll in the neighborhood of $800,000 a piece, so he looks to take holdings worth in the neighborhood of $7 million. He likewise serves every bit a make ambassador for the 37-twelvemonth-old company and has been on its lath of directors since 2019. Some other sports great, retired NFL quarterback Peyton Manning, owned Papa John's franchises until 2018.

Big Chicken

O'Neal has announced plans to grow Big Chicken, which specializes in mega-sized chicken sandwiches generously bulked up with items such as coleslaw and macaroni and cheese. O'Neal is majority owner of the eatery, which he founded in 2018. He goes on-photographic camera to market place the menu. A pop menu item is the Uncle Jerome, which includes lettuce, pickles, hot craven, and mayo, and is named later his childhood friend. O'Neal partnered with Authentic Brands, which is a brand development and entertainment group, and JRS Hospitality, a catering and events visitor, in this business organisation venture. The NBA legend was inspired to grow the brand because he wanted business organization buying to exist a way for him to provide for himself after his basketball career. O'Neal has stated during interviews that his mother stressed education and having something to fall back on.

Five Guys

Although O'Neal has divested of his 5 Guys stake, it's worth noting that he probably spent $100 million or more for his share of 155 Five Guys franchises. Founded in 1986, the restaurant sells burgers, fries and beverages in strip malls, transportation hubs, sports arenas and on higher campuses.

Shaq and Franchising

At the International Franchise Association's 2022 Annual Convention, O'Neal told the audience of more than 3,000 franchise professionals that he wanted to make it in business and not be "one of the 60% of NBA players who become bankrupt after leaving the game." Through his investments, he has created wealth and empowered others to do the same. The basketball fable co-founded Majority — an advertizement agency focused on diverseness. His vision is to tell stories about diversity and "help open doors, connect dots, create opportunities and gloat successes," said cofounder Omid Farhang in an interview with businessinsider.com.

Athletes and Franchises

O'Neal isn't the only athlete making a divergence through franchise ownership. There are many sometime pros who take made their marking as franchise investors, including Drew Brees, Peyton Manning and Phil Mickelson. NBA legend Magic Johnson has helped low-income communities through his company, Magic Johnson Enterprises and his investments in food franchises, including TGI Fridays and Burger King.

Professional person athletes sympathise the value of franchising and its potential touch on local communities.

Source: https://www.franchisewire.com/what-food-franchises-does-shaquille-oneal-own/

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