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Shaquille O’Neal is probably one of the most popular basketball players ever. Many know Shaq for his successful career in NBA but also for many appearances in movies, video games, television, and music. Shaq also recorded several studio albums that received a lukewarm reception and appeared in the Kazaam film, as the main role. Apart from his basketball career, Shaq is a very successful entrepreneur and because of all-Aroundness, Shaq has a giant clean wealth. Shaq is not always smart with his money, so he can spend all his savings.
If this happens, Shaq might become a millionaire, like now. Still, we did not blame Shaq for doing what he did because he became the NBA superstar quickly and had to control his extraordinary wealth. Since studying the lesson, Shaq can teach you one or two things about handling your money.
Shaq’s Money Wasting Period
As mentioned above, Shaq needs a little time to learn how to manage millions of dollar salaries. His first basketball contract was signed at the age of 20, where he threw more than one million dollars in just one hour but not because he was arrogant. In fact, the opposite! Shaq wants to buy a new car for his mother and father, so he buys a new Mercedes Benz for $ 150,000 for his father and himself. Of course, you also have to get it, so she spends extra money for her car. At that time, Shaq thought that this money would always be there, so he continued and started living luxuriously.
Who knows what can happen if the NBA career is unsuccessful. Shaq won’t even be close to him now. Even though he is not smart with money, the fact that he thinks that this money will always be there, saying everything. The money is still there and Shaq learns the lessons. Today, he said that he spent about 25 percent of his income. Considering how high the income, there is still a place for Mercedes Benz, expensive jewelry, and everything he wants to buy.
Shaq’s NBA Career
Born in 1972 in Newark, New Jersey, Shaq began exploiting his basketball talent quite quickly. In secondary school, Shaq began to get a lot of attention from the basketball team, because of its extraordinary talent. In his last high school year, he contributed to his secondary school team to participate in the state championship. After that, Shaq went to Louusiana State Unversity, where he also shined, became a player twice, and twice All American. In 1991, Shaq received a trophy for this year’s NCAA basketball player.
Its success in 1991 was only a stepping stone for what happened next. Not long after, in 1992, Shaq was asked to join Orlando Magic, so that it became their first whole choice. In 1993, Shaq was named the Rookie of the Year and was chosen as the All-Star starter that no one after Michael Jordan succeeded. Orlando Magic saw their first playoff series in the second season, thanks to Shaq, and in the following years, the team managed to reach the final, where they lost to Houston Rockets.
Shaq’s success quickly rises and he quickly becomes a superstar. This made him try another career too, so in that period, he appeared in two films – Kazamm and Blue Chips. In 1996, Shaq played with the Olympic basketball team, where they reached gold. During this time, Shaq said that he planned to join Los Angeles Lakers, the legendary team where LeBron James played afterwards. This is a 7 -year contract worth $ 121 million, which is happy to be received by Shaq. In 2000, Shaq won the NBA championship with Los Angeles Lakers. Thank you to the extraordinary Shaq Playstyle, Lakers won the title two years in a row, accompanied by an initial victory. When a contract with Lakers expired, Shaq signed a 5 -year contract with Miami Heat in 2005. This contract was worth $ 100 million.
After that, he played for Phoenix Suns from 2008 to 2009, Cleveland Cavaliers from 2009 to 2010, and completed his career at Boston Celtics, during the 2010-2011 season.
Shaq’s money-spending Habits
Shaq explained to the Wall Street Journal that he received the extraordinary financial advice of one person. That advice, as Shaq said, changed the way he looked at the money. The man used a piece of paper and said that the paper represented $ 100. He tore the paper in two and told him that smart people invested $ 50 and they left with $ 50. After that, he said that the rich kept the other $ 50, The Shaq began to apply.
Soon after, Shaq began to live when he lived now. He invests or saves 75 percent of his income and only 25 percent for life. He is known as a skilled investor, where he made a successful career. Initial investment in Apple and Google made millions. In addition, he is the owner of various restaurants, car laundering, and gym.
Shaq Net Worth
Shaq’s net worth is estimated at $ 400 million. Despite his retirement from the NBA in 2011, Shaq still made a lot of money per year, with an annual salary estimated at $ 60 million, originating from his support and investment agreement. Shaq shows us that investing your money wisely can take you to a large income and above, he shares a little wisdom, saying that the money will not last forever, alluding that you need to invest and save it. Because of its successful business, Shaq will not have to work again, and can still live a luxurious lifestyle. He fulfilled everyone’s dream.
