When it came to making money through other ventures, Shaq was literally all over the place. Shaq belongs to this elite group of multi-million NBA players. The franchise has 10 locations with great reviews and is closely monitored. like our other basketball FAQ articles here, What are Different Types of Shooting in Basketball. However, he is the second-highest individual shareholder of Authentic Brands Group, a brand development, marketing, and entertainment firm. Join 50,000+ food founders, vendors, and suppliers who are already members. The National Basketball Association (NBA) is one of the most popular and successful professional sports leagues in the world, with a rich history dating back to its founding in 1946. 2 guy in the company.. When his endeavors took him out of that zone, he said he should feel a personal connection with the product to start investing. JCPenney, Under New Ownership, Is Homeless For The Holidays - Forbes 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. 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. Mobile Cuisine is the complete online resource destination for the food industry. Shaq owns Forever 21, JCPenney, Elvis Presley, Marilyn Monroe, and others. The Hall of Famer owns 17 Auntie Anne's pretzels restaurants across the United States of America, with an approximate value of over $300,000. According to ONeal himself, he owns 50 different brands. ONeals assessed total assets is $400 million, as per NBC Sports. Shaq is an investor in the Papa Johns Pizza chain, an online ticketing platform called Game Plan, and a mobile gaming platform called Skillz. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. ONeal also made a name for himself as a movie star and a rapper. He likewise advanced organizations like Burger King, Mcdonalds, Taco Bell, Pepsi, and Oreo. 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. "Who owns Elvis Presley? As sprawling as Shaqs success is as a player, he probably did more as a businessman. We publish narratives intentionally and specifically to enlighten and transform the world. This company is responsible for many brand and retailer acquisitions, including Forever 21, Reebok, Barneys New York and JCPenney. ONeal has also mentioned his many businesses on the Earn Your Leisure podcast: Be the first one to comment on this story. What Are Shaqs Future Business Ventures? 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. You are warned: This list may need updating every month! 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. In 2016, O'Neal bought Krispy Kreme cafeteria valued at $2.75 million and added it to the long list of his assets. C. Penney Company, Inc (carrying on with work as JCPenney and truncated JCP) is a midscale American retail chain organization with 689 locales in 49 states and Puerto Rico. Heres a snapshot of Shaqs franchises, his total number of stores, and Shaqs other business interests we havent mentioned yet. Who owns JCPenney? Shaquille ONeal is one of the most well-known names in NBA history. Shaquille O'Neal just revealed he owns Forever 21, Elvis - Upworthy According to online sources, as of 2023, his net worth is estimated to be $400 million. As part of the three-year deal, Shaq also assumed the role of business spokeswoman. I met with a lot of companies, but when I met with Jamie and his family, I knew that this was the right place to be.. Shaq owns part of The General, Gold Bond, Icy Hot, Buick, Marilyn Monroe, Elvis Presley, Forever 21, JCPenney, Auntie Annie's Pretzels. 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. How much did Shaq earn in his NBA career? 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. Learn how your comment data is processed. Reebok Reimagines Beloved Classic Leather Trail with Help from Los Angeles Streetwear Brand Pleasures It feels like bragging." According to different sources, Shaq's net worth varies widely. Dont look at it, just sign it. So I signed it. This is the key to his success as an entrepreneur. Hoops Addict was created to help basketball fans of all ages learn more about the sport and find the best basketball gear to improve their ability to hoop. ONeal 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. 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. These brands include some in the tech space, others in fitness and lifestyle niches. Six years later, these bets appear to have paid off. Who owns Forever 21? He owns several 24-Hour Fitness centers and was a minority owner of the Sacramento Kings. My real business is I own 50 brands, Shaq explained. Adidas acquired Reebok in 2006 for $3.8 billion and laid out a turnaround plan for the brand in 2016. Shaq is an active businessman and investor in several top U.S. corporations such as Apple, General Electric, and PepsiCo. Like his playing days, nothing is going to stop the Big Aristotle. Shaq joined shortly there after with a 2016 investment in the business. These brands include some in the tech space, others in fitness and lifestyle niches. Does Shaq own Walmart? Hes not obviously as good at those departments as he was on the basketball court, but his incursions in Hollywood and music only added to his fame. Shaq has accumulated a number of valuable assets over the course of his career in business and investing. To say Shaq has a diversified income stream would be a gross understatement. Who owns JCPenney? How much stake does Shaq O'Neal have? If theres one thing I know, its that money can be a powerful tool but only if you use it correctly. Shaq has shown to be a savvy businessman who has successfully handled his franchises. He was the recipient of the Adolph Rupp Trophy and the Associated Press Player of the Year in 1991. 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. Salter spent four years as Ride's CEO, leading it through an initial public offering on Nasdaq, before stepping down in 1996,. All rights reserved. The legendary basketball player owns a restaurant named Shaquille in Las Vegas with a menu of shrimp scampi, fillet mignon, and chocolate cake, among other dishes. Despite the undeniable success of his ventures, Shaq did not ever stop building his personal brand and expanding his reach. In an interview with the Earn Your Leisure podcast, Shaq had this to say about his businesses: I dont like to seem like Im bragging, but Im going to ask you a question. 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. What Is Jcpenney Brand Name? - Bliss Tulle Shaquille O'Neal's Net Worth and the Companies He Owns - Market Realist 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. When it comes to coaching youth basketball, there are many different philosophies on the best way to play defense. It sells famous burgers and fries incorporated with other dishes, and its location is hard to miss in the States. Does Shaquille O'Neal own JCPenney? Looking at the 4x champ's My goal is to provide practical advice and insights to help my readers make informed financial decisions and achieve their financial goals. JCPenney and Forever 21 are under the Authentic Brands Group together with other retail brands such as Reebok (which Shaq was a former endorser), and Barneys New York. if it's going to change people's lives and if I see people enjoy doing it." Here is the list of companies Shaq ONeal owns: FOREVER 21 which is owned by Shaq is a leader in the fashion business, bringing the latest trends to everyone while inspiring individual style and confidence. JCPenney and Forever 21 are under the Authentic Brands Group together with other retail brands such as Reebok (which Shaq was a former endorser), and Barneys New York. I live in Monaco, and I love helping people make the most of their money. Meet Jamie Salter, CEO of Forever 21, Barneys Owner Authentic Brands Some own the latest and most expensive car models that only the wealthiest can afford. Im looking forward to watching Shaqs growing list of business accomplishments just like I watched him on the hardwood so many years ago. According to NBC Sports, O'Neal's estimated net worth is said to be $400 million. Shaq is also looking to expand his investment in the Papa Johns Pizza chain. I wanted to partner with a company that could perhaps have my name go on forever, ONeal told FN. Worth It? It has no need for a massive corporate headquarters campus. How Many Total Businesses? Jerry and Janie Murrell established the business in 1986 as a 30-location small, family-run franchise. The 4x NBA champions business apparently doesnt stop there. Through Christie Street, the crowdsourcing platform for Doorbot, more than the $250,000 intended was raised$364,000. See a trend here? Unraveling the Financial Success of Chris Samuels: His Remarkable Net Worth. Woodhouse said the team plans to work with ONeal to offer more retro styles from his Reebok line to a new generation of consumers. Playboy, Millings responded. 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 . ABG did not have an update regarding which company will license footwear and apparel for Reebok, though Woodhouse said there was definite interest. Thus according to accounts, Shaq is the second-highest shareholder of the Authentic Brands Group. He did, however, talk about one venture that he's excited about: esports. Or so everyone thought. In conclusion, Id argue Shaq is better at business than he ever was shooting free-throws in the NBA. Since 2013, Shaq has owned a minor portion of the Sacramento Kings. You bet! Shaq has a reputation of being vicious at the same time. "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. Shaquille ONeal is largely regarded as one of the greatest basketball players of all time. Shaq said in the same discussion that he never made an investment or promoted a business whose goods he wouldnt personally use. He also appears as an endorser to around 50 other companies. ONeals wide-ranging portfolio has led him to amass an impressive net worth of $400 million.-. "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," he said. Allegedly, it is reported that the star takes home around $60 million annually from his endorsements, deals, and various investments. These nine Papa Johns locations still belong to Shaq as of 2023. ONeals relationship with Reebok began in 1992, when he inked a multi-year, $15 million contract with the company. Restaurants, retail malls, movie theater, car washes, and nightclubs are all part of Shaqs economic empire. Through the years, Reeboks revenues declined and in December of 2020, Adidas announced it would sell the business. Dec 2, 2021 4:55PM EST How Shaquille O'Neal Became the Second Largest Investor in the Company That Owns Reebok, JCPenney and Forever 21 By Shoshy Ciment @Shoshanaciment CREDIT: JENNA GREENE. But 60,000 kids jumping up and down, louder than a basketball game, I knew that this right here, it was going to be the future. ONeal has investments with Apple and Google, which is odd because the two are rivals in the technology space. All Rights Reserved. In short, Shaq became famous because he is utterly good at basketball and has a larger-than-life personality. Ted Baker Management Exits as Authentic Inks New Deals for the British Brand. "One of the wisest investors out there!" expressed a third. During his time at ABG, ONeal has played a role in many investments. However, being the face of brands isnt the only thing Shaq has done in his career because whats a businessman if you dont own a few businesses. In the sports and fitness space, ONeal also carved a big name for himself. This say includes being the key voice in the companys acquisition of Reebok. O'Neal recalled. So, one of the chapters in the book, joint venture-ship. Shaq also owns the NBA G League team, the Delaware Blue Coats. How many 5 guys does shaq own? - foodmiles.net Across his investment portfolios, Shaq has built generational wealth and inspires others to do the same. According to recent estimates, Shaquille ONeals net worth is upwards of $400 million. WordPress.com VIP. Shaquille ONeal: The Surprising Owner of Marilyn Monroes Legacy, Investing in a Rolex Wimbledon: A Guide to Making a Smart Decision. Does Shaq own JCPenney? The American chain of doughnut shops Krispy Kreme was established in 1937. He also owns a percentage of Marilyn Monroe, Muhammad Ali, Forever 21, David Beckham, and Barney's New York. What companies does Shaq own? Im going to send you something. All of these business and personal endeavors allowed Shaq to accumulate some $400 million up to date. 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. , and whats his secret to becoming richer than ever? Ranked: Top 25 male fitness influencers to follow in 2023, Newark, New Jersey, the United States of America, Ayesha, Lateefah O'Neal, and Jamal O'Neal, Shareef, Shaqir, Me'arah, Amirah, and Taahirah O'Neal, Entrepreneur, and former professional basketball player. Please fill out this field with valid email address. He founded his own snowboard maker, Ride Snowboards, in 1992. JCPenney has significant Fine Jewelry segments, The Salon by InStyle, and Sephora within it, as well as offering customary items. Taking a page from Warren Buffetts book, Shaq also wouldnt invest in cryptocurrency because he said he didnt understand it.. What Franchises Does Shaq Own Right Now? (2023 Update) ONeals stake is estimated at 2-4%, whom he bought in 2013. NRG eSports, an American esports team that competes in Counter-Strike: Global Offensive, Overwatch, Fortnite Battle Royale, Rocket League, and PlayerUnknowns Battlegrounds, has Shaq as a minority owner. Your email address will not be published. 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. Find out the franchises and other business Shaq is investing in below. ONeal has owned shares in ABG since 2015, when he sold the rights to his name brand to the company. 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Related 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. 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. Alright, thats a bit of a low blow, but I had to go there. Please logout and login again. In 2014, Shaq disclosed that in 2004, he had put $1 million into each of Google and Apple. O'Neal's many years of investing have really paid off. Who owns Forever 21? Shaquille O'Neal is a big-time legend in the basketball world, not only by his size and achievements but also by his reputation and determination. That also made him fun and personable, which undoubtedly contributes to him being a good businessman. 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 has reportedly invested over $8 million in the company and currently owns 37 restaurants in the United States. Its clear Shaquille ONeal is heavily invested in JCPenney and Authentic Brands Group. Looking at the 4x champ's investment portfolio. In short, Shaq became famous because he is utterly. He follows a simple mantra when in front of people: Make them laugh, and they will remember you. Needless to say, when people see Shaq, they equate him with fun, and who doesnt want to be a part of it? Wrapping Things Up: What Companies Does Shaq Own? has compiled a list of the top 10 football stars with the most expensive car collections. Bezos, according to ONeal, only invests in businesses that will change peoples lives and says he follows that blueprint. He has also been successful as an actor and investor. Salter described the relationship between the two as a marriage, where both partners took bets on one another. Open an Account Today Franchise King At one point, Shaq owned 155 Five Guys restaurants - equivalent to 10% of the company's entire franchise portfolio. Siminoff received a proposal from possible investor Kevin OLeary, but Siminoff turned it down. This company is responsible for many brand and retailer acquisitions, including Forever 21, Reebok, Barneys New York and JCPenney. Celebrity Net Worth estimates his net worth at $400 million in 2023, while Forbes estimated it to be $350 million in 2021. He's more than just one of the most dominant players in NBA history, he's . Shaquille ONeal once had his sights set on owning Reebok. Here are a few businesses Shaq has a stake in. Another commented, Shaq dont want the bag, he want the whole distribution center.. The company's low pricing on products and humble shopping environment is what attract buyers from all over the world. He was forced to sell his stake after accepting a deal with Wynnbett. Shaquille ONeal is a well-known NBA legend and one of the most famous athletes in the world. The menu at Big Chicken boasts strong flavors combined with hearty, homemade versions of customers favorite childhood dishes. Although Shaq has invested in a number of businesses, he does not currently own any of the major retail brands. 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. Shaq also owns a number of real estate properties, including an oceanfront mansion in Florida and a string of luxury condos in Las Vegas. You bet! Shaq owns a chain of restaurants, movie theatres, retail malls, car washes, fitness centres, and nightclubs with numerous brands. The biggest investor and shareholder in the Authentic Brands Group is the company's founder and CEO, Jamie Salter. 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. If youre the smartest guy in the room, theres a problem. He also said that Everybody in this room is already a CEO. Included in this is the Big and Sloppy sandwich, which also comes with onion rings, macaroni and cheese, and barbecue aioli sauce. Forever 21 is an American fast-fashion retailer. Top 10 football stars with the most expensive car collections. Although Shaq has invested in a number of businesses, he does not currently own any of the major retail brands. Numerous doughnut varieties are available at Krispy Kreme, along with coffee, beverages, and merchandise. By subscribing, I agree to the Terms of Use and Privacy Policy. What stores does Shaq own? - Daily Justnow . Other notable investments of Shaq are Lyft, Vitaminwater, and Ring. Yes, he does. Forever 21 is a powerful and famous retailer brand with an excellent consumer reach and has a wealth of good potential. Find Out If Shaq Is The Owner of JCPenney and Forever 21! JCPenney and Forever 21 are included in Shaq's list of business interests. Because Shaq always stayed within himself, that easily made him one of Americas biggest restaurant franchisees. ?Who Owns Forever 21?? Read and find out. Other companies and brands that Shaq has invested in include; Malika Andrews' height, sister, age, career, salary, net worth, is she dating? Then you may alsolike our other basketball FAQ articles here. The multinational pizza business was founded in 1984 by John Schnatter, and in 2019, Shaq became its new brand ambassador, investor, and owner. Big Diesel owns 150 car washes in multiple locations in the United States of America and has employed quite several people.
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