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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 the NBA but also for many appearances in films, video games, television and music. Shaq also recorded several studio albums who received lukewarm receptions and appeared in Kazaam’s film, as the main role. In addition to his basketball career, Shaq is a very successful entrepreneur and because of his all-arrove, Shaq has a giant clean wealth. Shaq is not always smart with his money, so he finally wasted all his savings.
If this happens, Shaq might be a millionaire, like him now. Still, we don’t blame Shaq for doing what he did because he became a 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 requires a little time to learn how to manage millions of dollars. His first basketball contract was signed at the age of 20, where he wasted more than a million dollars in just an hour but not because he was arrogant. In fact, it’s just the opposite! Shaq wants to buy a new car for his mother and father, so he bought a new Mercedes Benz for $ 150,000 for his father and himself. Of course, Bu also had to get it, so he spent extra money for his car. At that time, Shaq thought that this money would always be there, so he continued and began to live luxury.
Who knows what can happen if the NBA career is unsuccessful. Shaq won’t even be close to what he is doing now. Even though he wasn’t smart with the money, the fact that he thought that this money would always be there, said it all. The money still exists and Shaq learns the lesson. Today, he said that he spent around 25 percent of his income. Given how high his 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 quickly. In high school, Shaq began to get a lot of attention from the basketball team, because his talent was amazing. In his last school year, he contributed to his high school team to participate in the State Championship. After that, Shaq went to Unversity State Lousiana, where he also glowed, became a player twice twice, and twice all Americans. In 1991, Shaq received a trophy for NCAA basketball players this year.
His success in 1991 was just a stepping stone for what happened next. Not long after that, in 1992, Shaq was asked to join Orlando’s magic, so it was their first overall choice. In 1993, Shaq was crowned as a rookie this year and was chosen as the All-Star starter that was not there 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 final, where they lost to the Houston Rockets.
Shaq’s money-spending Habits
Shaq explained to the Wall Street Journal that he received extraordinary financial advice from one person. That suggestion, like Shaq said, changed the way he saw the money. The man uses a piece of paper and says that the paper represents $ 100. He tore the paper into two and said to him that the smart people invested $ 50 and they left with $ 50. After that, he said that the rich got rid of another $ 50, which Start applied Shaq.
Immediately after, Shaq began to live when he lived now. He invests or saves 75 percent of its income and is only 25 percent for life. He is known as a skilled investor, where he made a successful career. Initially investment in Apple and Google made it millions. Besides that, he is the owner of various restaurants, car wash and fitness center.
Shaq Net Worth
Shaq’s net wealth is estimated at $ 400 million. Apart from his retirement from the NBA in 2011, Shaq still produced a lot of money per year, with an annual salary estimated at $ 60 million, which comes from the agreement of his ratification and investment. Shaq shows us that investing your money wisely can lead you to a big income and above it, he shares a little wisdom, says that the money will not last forever, offend that you need to invest and save him. Because of its successful business, Shaq doesn’t need to work anymore, and can still undergo a luxurious lifestyle. He fulfills everyone’s dreams.
