The latter allowed him to cross over mainstream TV and movies seamlessly. NBA legend Shaquille ONeal may be most well-known for his NBA career and his gig as an Analyst for Inside the NBA on TNT. Conclusion: I never even heard of esports. 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. Here are a few businesses Shaq has a stake in. He recently invested in an artificial intelligence startup and is looking to expand his portfolio into the technology space. Does Shaquille O'Neal own Elvis Presley's royalties? - The Sun Does Shaq own JCPenney and Forever 21? one Krispy Kreme Footwear News is a part of Penske Media Corporation. He's more than just one of the most dominant players in NBA history, he's . 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. All of these business and personal endeavors allowed Shaq to accumulate some $400 million up to date. Forever 21 is a mogul in the fashion industry, with its headquarters in the United States of America. While emulating Bezos was truly brilliant, Shaq also incorporated his own style into his ventures. He never said no. Bio and all the details. When his basketball career was over, ONeal had three jerseys retired #33 (LSU), #32 (Miami Heat), and #34 (Los Angeles Lakers). According to different sources, Shaq's net worth varies widely. 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. shared that he owns quite a few notable businesses of his own. The NBA icon wanted to run a business so that he could support himself once his playing days were over, thus he was motivated to expand the brand. Shaquille ONeals business investment portfolio is wide-ranging. ONeals relationship with Reebok began in 1992, when he inked a multi-year, $15 million contract with the company. based on fast foods, for instance, the Five Guys and the Big Chicken restaurants, while others deal with fashion, fitness, and car washes. What companies does Shaq own? Find out all the information here In 2014, Shaq disclosed that in 2004, he had put $1 million into each of Google and Apple. The basketball star-turned-businessman added that he intends to keep his total earnings private since his "mom really doesn't like articles like that. if it's going to change people's lives and if I see people enjoy doing it." The multinational pizza business was founded in 1984 by John Schnatter, and in 2019, Shaq became its new brand ambassador, investor, and owner. Founded in 1937, Krispy Kreme is famously known for its donuts and coffee, and currently, it has over 1,300 stores worldwide. O'Neal recalled. "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. Shaq also owns the NBA G League team, the Delaware Blue Coats. Outside of franchises, Shaq invested in his very own restaurant called Big Chicken. The franchise was conceived by four Murrell brothers in 1986, and Big Diesel owns 155 Five Guys restaurants throughout America. 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. There are 300 fitness centres in 11 states, and at least 40 belong to Shaq, each with an original design. The largest fitness center operator in the world, 24-Hour Fitness has more than 430 facilities around the country and its headquarters are in San Ramon, California. As of 2023, the multinational company has over 540 outlets. Me! Shaq has reportedly invested over $8 million in the company and currently owns 37 restaurants in the United States. Shaq is always looking to expand his business portfolio and he has numerous investments in the works. Pretzel dogs, pretzel bits, and beverages are also offered by this chain thats often found in US malls. When his endeavors took him out of that zone, he said he should feel a personal connection with the product to start investing. I want to bring [Reebok] back to basketball and to fitness., According to ABG president and CMO Nick Woodhouse, ONeal was a crucial part of helping push ABG through the acquisition process. Shaqs net worth in 2021 is estimated to be as high as $400 million, according to AfroTech. In the case of Reebok, hewas adamant that the company make a competitive offer to acquire the footwear label from Adidas. These franchises significantly contribute to his extensive net worth. During his interview, he stated that he aims to own more than 100 Krispy Kreme cafeterias and has acquired a famous place in Atlanta. "I don't like to seem like I'm bragging, but I'm going to ask you a question. All in all, Shaq owns 50 brands and does not plan on stopping there. ONeal also serves as the companys official spokesperson to help promote the chain. American fast-food restaurant franchise Five Guys offers a variety of French fries and hamburgers. Apart from the restaurant chains, car washes, shopping centers, nightclubs, and clothing companies, Shaq was also heavily involved in other ones. Siminoff received a proposal from possible investor Kevin OLeary, but Siminoff turned it down. Meet Jamie Salter, CEO of Forever 21, Barneys Owner Authentic Brands Of course who could forget his timeless rap album titled Shaq Diesel? Please fill out this field with valid email address. When ONeal called it quits in 2011, his ventures outside of basketball grew bigger and bigger until he practically had a business empire of his own. Shaq also has interests in Google Inc AKA Alphabet. Who owns Forever 21? Then you may alsolike our other basketball FAQ articles here. Salter spent four years as Ride's CEO, leading it through an initial public offering on Nasdaq, before stepping down in 1996,. [Reebok] is the company that helped, with his athletic prowess, vault him to fame and teach him how to be a businessman.. Forever 21 is currently owned by Authentic Brands Group and Simon Property Group. He is the owner of Shaquille ONeal Enterprises, which includes a range of investments, real estate holdings, and a production company. Click here to get a new food business case study with revenue numbers delivered each week.