Shaq Net Worth, Dr. Shaq is richer than you think

Full nameShaquille Rashaun O’Neal
BirthdayMarch 6, 1972
Age50
Shaq net worth$400 million
Source of wealthBasketball, endorsements, investments
Marital statusDivorced
EducationPh.D. (Barry University)
ResidenceCarrollton, Texas
Nickname(s)Dr. Shaq, The Diesel, Big Shamrock, Shaq Fu, Shaq Daddy, The Big Aristotle

Shaq is huge, and so is his fortune. Shaquille Rashaun O’Neal popularly known as Shaq has accumulated a net worth of $400 million. He retired from professional basketball in 2011 after spending 19 years in the NBA. Shaq is now a sports analyst on the show Inside the NBA. He’s regarded as one of the greatest basketball players and centers of all time. O’Neal is also a professional wrestler, businessman, actor, and rapper. He has released five studio albums.

The seven-footer has won the NBA championship four times, the NBA Finals MVP award three times, and the NBA All-Star Game MVP thrice as well. He’s a 15-time NBA All-Star and an eight-time All-NBA First Team as well as a two-time NBA scoring champion.

According to Wealthy Gorilla, Shaq is the world’s 5th richest player in the history of the NBA. He makes as much money — if not more — as he did when he played basketball. Talk of numerous endorsement deals, investments in companies such as Authentic Brands Group as well as real estate investments. No wonder the NBA legend can have anything he wants — from a $400,000 treehouse to a fish tank worth a hundred grand to a $5 million collection of wheels.

This is how Shaq amassed a net worth of $400 million and how he spends his millions. But first, let’s take a look at his career.

Early life and education

Shaq was born on March 6, 1972, in Newark, New Jersey to Joe Toney and Lucille O’Neal who were both about 6 ft 1 in tall. Shaq was brought up by his mother and Jamaican stepfather Philip Arthur after his biological father was imprisoned for possessing drugs.

By the time Shaq was 13, he was already six and a half feet tall. His family moved to Germany since his stepfather was a military officer and later settled in Texas. Shaq attended Robert G. Cole High School where he played basketball helping his team win the state championship during his senior year. He joined Louisiana State University (LSU) after graduating high school where he continued to play basketball. He won several awards including college player of the year in 1991.

Shaq left LSU early to pursue his basketball career. He then returned to earn his bachelor’s degree in business. He studied online and acquired his masters from the University of Phoenix and in 2012 he graduated with a Ph.D. in education from Barry University in Miami.

Related: Michael Jordan’s net worth. He’s a billionaire.

Professional career

Orlando Magic (1992-1996)

O’Neal was drafted as the 1st overall pick in the 1992 NBA draft by the Orlando Magic. He was the first player ever to be named the Player of the Week in his first week in the NBA. Shaq also went on to earn the NBA Rookie of the Year title in 1993, averaging 23.4 points on 56.2% shooting, 13.9 rebounds, and 3.5 blocks per game in his first season. In the following season, Shaq helped the Magic reach the playoffs for the very first time in the history of the franchise.

The Lakers (1996-2004) and 3 consecutive championships

After spending four seasons with the Orlando Magic, Shaq joined the Los Angeles Lakers on a seven-year $121 million contract. He averaged 26.2 points and 12.5 rebounds in his first season with the Lakers. On March 6, 2000, Shaq led the Lakers in a 123-103 victory over the LA Clippers after scoring a career-high 61 points without a single 3-pointer.

shaq-playing-for-the-los-angeles-lakers
O’Neal spent 8 seasons with the Los Angeles Lakers, winning three championships with the franchise. He left The Lakers in 2004 after increased tensions with Kobe Bryant

Shaq won his first NBA championship in 2000 after The Lakers beat the Indiana Pacers 4 games to 2 in the 2000 NBA Finals. He led the franchise to three consecutive titles in 2000, 2001, and 2002 alongside Kobe Bryant. O’Neal was also named MVP of the NBA Finals all three times.

Miami Heat (2004-2008) and fourth championship

After increased tensions with fellow teammate Kobe Bryant, who also played for the Los Angeles Lakers, Shaq joined Miami Heat in July 2004. He led the Heat to their first NBA championship and his fourth in 2006 after beating the Dallas Mavericks 3 games to 2. By the end of the 2006-2007 season, Shaq had accumulated a total of 25,000 points in his career, making him only the 14th player to do so in NBA history.

Phoenix Suns (2008-2009)

The following season, O’Neal’s scoring average began to drop, he continued to miss games due to injuries, and at one time had a face-to-face argument with The Heat’s coach Riley. Shaq would then get traded to the Phoenix Suns in February 2008.

Cleveland Cavaliers, Boston Celtics, and retirement (2009-2011)

After one season with the Suns, Shaq was traded to the Cleveland Cavaliers where he again spent one season before being acquired by the Boston Celtics in 2010. On June 1, 2011, O’Neal announced his retirement through social media.

Related: Steph Curry’s net worth in 2022.

How Shaq makes his millions

Basketball

The Big Aristotle has made his fortune from basketball, numerous investments, and numerous endorsement deals. Celebrity Net Worth reports that the legend earned a total of $292.2 million throughout his career of 19 years. This is excluding the millions he pocketed from endorsement deals with companies such as Reebok, PepsiCo, Carnival Cruise Line, Taco Bell, Kraft Foods, and Burger King, among others. O’Neal has reportedly endorsed over 50 companies and has made quite a pretty penny from these deals. Forbes reports that he has been making anywhere between $25 million and $30 million every year from endorsements alone.

The Diesel took home an estimated $27.6 million after joining Miami Heat in the 2004-05 season. This was one of his biggest paychecks. Celebrity Net Worth also indicates that Shaq took home about $20 million every year from 2004 to 2010 when he left the Cleveland Cavaliers. His salary also averaged the same amount during his last four seasons with the Los Angeles Lakers. He earned between $3 million and $5 million every year while playing for Orlando Magic.

Investments

Shaq O’Neil is also an investor and businessman. In September 2013 Big Shamrock acquired a minority stake in the Sacramento Kings of the NBA. He sold his stake in the Kings at the beginning of 2022. The franchise was valued at about $500 million in 2013, a value that had increased to about $2 billion by 2021— according to Forbes. This means that O’Neal definitely made a profit after selling his stake.

O’Neal owns the Krispy Kreme Location at 295 Ponce de Leon Avenue in Atlanta. He’s the creator of Shaq’s Fun House, an annual music festival that usually features celebrity performers and DJs. He owns 50 Rector Park, a 22-story residential skyscraper with 168 luxury apartments in his hometown of Newark nicknamed Shaq Tower. Shaq also co-owns CityPlex12, an all-digital movie theatre in Newark.

Dr. Shaq co-owns nine Papa John’s franchises and sits on the board of the pizza restaurant chain. He also owns three Las Vegas nightclubs, a couple of Auntie Anne’s pretzel stands, a car wash chain as well as fitness centers. O’Neal and his partners own 155 Five Guys Burgers restaurants.

Related: LeBron James net worth will shock you!

How Shaq spends his millions

Shaq lives a lavish lifestyle, thanks to his massive net worth. He owns a 72-foot-long yacht nicknamed Shaqapulco. According to The Xplorion, O’Neal reportedly spent a whopping $130 million to acquire the luxury yacht not forgetting the crazy maintenance costs involved in owning one of them. Shaqapulco features three bedrooms, a kitchen, and a hidden cruise quarter among other luxury elements.

shaq-new-texas-home
Shaq recently bought a new home in Carrollton, Texas. The property reportedly cost him about $1.2 million and features 5 bedrooms and five bathrooms.

In 2014 Shaq decided to have a fish tank for the living room of his Orlando residence. He hired the stars of Animal Planet’s Tanked who designed and custom-built an Egyptian-themed 800-gallon tank that cost a total of $120,000. In 2018 Shaq paid $400,000 for a treehouse that was custom built for him. It featured a handcrafted metal fire pit, a poker table, a full-service bar, and a dart board among other amenities.

In a 2014 interview with USA Today, Dr. Shaq claimed that every time Apple releases a new iPhone, he buys 50 of them and gives them out. This means that if he bought 50 of every iPhone model, he has spent over $747,618 on the iPhones. Absolutely crazy!

According to GQ, Diesel has a car collection worth more than $5 million. He owns two Ferraris, three Bentleys, three Rolls Royces, a 2021 Nikola Badger, a 2018 Vaydor, a customized Dodge Challenger R/T Convertible, a Lamborghini Gallardo 2007 model, a customized Mercedes s550 convertible, a customized Chevrolet Express G1500, and a 1963 vintage Eldorado convertible among others.

Real estate and Investments

Shaq has an impressive real estate portfolio. Back in 1992 when he was drafted, the star bought his first mansion in Windermere, Florida for about $4 million. The lakefront mega-mansion features 31,000 square feet of living space, 12 bedrooms, 11 full bathrooms, four half bathrooms, a 17-car garage, and a 6,000 square foot NBA-size basketball court. He sold the property for about $11 million in October 2021.

Diesel also owns properties in Las Vegas, Los Angeles, and Phoenix. He has an $18 million mega-mansion in Miami and a $1 million property in Atlanta. In April 2022 he bought another home in Carrollton, Texas where he’s currently residing. The property was listed for about $1.2 million and features five bedrooms, five bathrooms, and has 5,300 square feet of living space. His entire collection of mansions is worth close to $50 million.

Dr. Shaq does not spend all his millions on cars, mansions, treehouses, and fish tanks. He’s smart. In 2018 he sold the rights to his own name to brand management company Authentic Brands Group (ABG) for a jaw-dropping $270 million. He invested half of that money back in the company. He’s now ABG’s second-largest investor. Talking of investments, in 2015, the Diesel invested in the San Francisco brokerage company Loyale3 Holdings Inc. O’Neil is also building a 33-story luxury apartment tower in Newark, New Jersey at a cost of $150 million.

Marriage and relationships

On December 26, 2002, Shaq married American tv personality Shaunie Nelson, a marriage that lasted seven years. O’Neal had also filed for divorce from Nelson in 2007 shortly after which the couple reconciled and the divorce was withdrawn. Shaunie and Shaq have four children, Shareef (born in 2000), Amirah (born in 2001), Shaqir (born in 2003), and Me’arah (born in 2006).

shaq-and-exwife-shaunie-nelson
Shaq and his ex-wife Shaunie Nelson. They got married in 2002 and finalized their divorce in 2011

O’Neal has a daughter from a previous relationship with Arnetta Yardbourgh. Nelson also has a son from a previous relationship. After splitting with his wife, Shaq dated American reality tv star Nicole “Hoopz” Alexander for two years before parting ways in August 2012. In 2014 he began dating model Laticia Rolle. They broke up in March 2018.

Summary and Shaq quotes

Shaq has amassed a net worth of $400 million from his on-court salary, numerous endorsement deals, and a couple of smart investments. Even after retiring from professional basketball in 2011, he still makes as much money if not more as he did when he played basketball. Below are some of the best quotes by Shaq.

  • “Everything happens for a reason. I’m used to it, I prepare for it. Like I say, at the end of the day, those in charge of their own destiny are going to do what’s right for them and their family.”
  • “But, hey I did everything the right way and earned my spot in this game, nothing was given to me.”
  • “For all my friends in the media who like quotes, mark this quote down. From this day on I’d like to be known as ‘The Big Aristotle’ because Aristotle once said, ‘Excellence is not a singular act; it’s a habit. You are what you repeatedly do.’”
  • “My father made me who I am. He gave me a basketball and told me to play with the ball, sleep with the ball, dream with the ball. Just don’t take it to school. I used it as a pillow, and it never gave me a stiff neck.”
  • “As a youngster, my mother and father always drilled into my head having something to fall back on. My father was kind of funny. I’d score 40 points. I’d come home and say, ‘Look dad, I scored 40.’ He’d never have a smile on his face. He’d be like, ‘I saw that move you did. What if you’d hurt your knee?’”

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