Heres a list of other investments Shaq has made through the years. He owns several 24-Hour Fitness centers and was a minority owner of the Sacramento Kings. Through Christie Street, the crowdsourcing platform for Doorbot, more than the $250,000 intended was raised$364,000. 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. "He is the joint owner of 155 Five Guys Burgers restaurants, 17 Auntie Annie's Pretzels restaurants, 150 car washes, 40 24-hour fitness centers, a shopping center, a movie theater, and several Las Vegas nightclubs," the report states. NBA legend Shaquille O'Neal may be most well-known for his NBA career and his gig as an Analyst for "Inside the NBA" on TNT. He almost always stayed true to himself and stayed within his comfort zone. 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. This is the key to his success as an entrepreneur. Does Shaq Own JCPenny and Forever 21? 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. Who owns JCPenney and Forever 21? He is invested in brands such as the Authentic Brands Group, including Barneys New York, Forever 21, Reebok, and JCPenney, all contributing to his net worth. In terms of pizza delivery services, Papa Johns is ranked third in the country. ONeals relationship with Reebok began in 1992, when he inked a multi-year, $15 million contract with the company. 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In all likelihood, the Big Diesel doesnt look like he is not slowing down anytime soon. I never even heard of esports. So its super gratifying for him, too. 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. Me!. 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. I dont believe that ABG would be where we are today without Shaq, and I dont believe that Shaquille ONeal would be where it is today without ABG. According to different sources, Shaq's net worth varies widely. 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. Want to read more articles like this one? 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. In short, Shaq became famous because he is utterly. Shaq joined the companys board of directors in 2016 and in 2019 he was appointed a strategic advisor to the organization. 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? Shaq built a commercial empire since his professional basketball career was over, making money from both his own unique initiatives and other corporate endeavors. After Shaqs highly-successful playing career, he turned into other business ventures and effectively built quite a portfolio for himself. Neighbors is an app that allows users to share video footage with each other online in a social setting. During his interview, he stated that he aims to own more than 100 Krispy Kreme cafeterias and has acquired a famous place in Atlanta. During a recent appearance on the live taping of the financial literacy podcast Earn Your Leisure with financial advisor Rashad Bilal and educator Troy Millings, Shaq revealed some head-turning details about his financial profile that had fans in the audience in shock, but equally as impressed. As a successful businessman and a former professional basketball player, Shaq has proven that anyone can do whatever they set their mind to. He has also been successful as an actor and investor. 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. 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. Or so everyone thought. Who owns JCPenney? The menu at Big Chicken boasts strong flavors combined with hearty, homemade versions of customers favorite childhood dishes. Does Shaquille O'Neal owns JCPenney? Restaurants, retail malls, movie theater, car washes, and nightclubs are all part of Shaqs economic empire. O'Neal who following a very successful basketball career made a name for himself by bagging a seemingly endless list of endorsement deals from brands such as The General, Gold Bond, Icy Hot, Buick, etc. Powered by 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. However, O'Neal has also become a renowned businessman with multiple. Siminoff received a proposal from possible investor Kevin OLeary, but Siminoff turned it down. The company's low pricing on products and humble shopping environment is what attract buyers from all over the world. ?Who Owns JCPenny?? Who owns JCPenney? These nine Papa Johns locations still belong to Shaq as of 2023. The Big Diesel has a substantial and diversified investment portfolio that includes 50 distinct companies. In interviews, Shaq has said that his mother emphasized education and having a safety net. There are more than 4,700 Papa Johns restaurants in existence today. ' related Salter. (@shaq). He once spurned becoming an ambassador for Starbucks and admitted he wont ever get into the crypto space because he doesnt understand it. On Thursday, the company behind dozens of brand and retailer acquisitions, including Forever. This company is responsible for many brand and retailer acquisitions, including Forever 21, Reebok, Barneys New York and JCPenney. Allegedly, it is reported that the star takes home around $60 million annually from his endorsements, deals, and various investments. Although Shaq has invested in a number of businesses, he does not currently own any of the major retail brands. Bio and all the details. In the case of Reebok, hewas adamant that the company make a competitive offer to acquire the footwear label from Adidas. 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. If youre interested in learning Shaqs story, check out this basketball biography book. Shaq acquired 155 Five Guys restaurants, but eventually sold off the assets. 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. Please logout and login again. Shaq rose to the position of second-largest stakeholder in the company as a result of this move. He likewise advanced organizations like Burger King, Mcdonalds, Taco Bell, Pepsi, and Oreo. I want you to sign it. Shaq has a reputation of being vicious at the same time. Shaq was also formerly a part-owner of 155 Five Guys restaurants. Shaq has reportedly invested over $8 million in the company and currently owns 37 restaurants in the United States. 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. ABG owns numerous entertainment, lifestyle, and global media brands, including Forever 21, Barneys New York, JCPenney, Marilyn Monroe, Elvis Presley, and Reebok. 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. Numerous doughnut varieties are available at Krispy Kreme, along with coffee, beverages, and merchandise. Since he originally joined the 24-Hour Fitness team as a brand ambassador in 2013, Shaquille ONeal has been associated with the company. Due to his extensive investment in ABG, Shaq owns a percentage of Elvis' royalties. He owns a number of restaurant franchises, owns a share in the Sacramento Kings, and still has a number of endorsement deals. 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. Does Shaq Own Forever 21? He has a net worth of $400 million . According to NBC Sports, O'Neal's estimated net worth is said to be $400 million. 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. So it is not surprising that many people are wondering if Shaq is the owner of JCPenney and Forever 21. Shaq also owns a number of real estate properties, including an oceanfront mansion in Florida and a string of luxury condos in Las Vegas. NBA legend Shaquille O'Neal recently blew the internet away with a small sneak peek of his extensive financial portfolio. In recent years, ONeal has vocalized his desire to purchase Reebok through his partnership with ABG. And then one day I wasnt even thinking about it and he said, I got a big surprise for you. Apart from the two tech giants, most of his investments are right in his backyard. Shaquille ONeal is largely regarded as one of the greatest basketball players of all time. You would like his business strategy because hes never afraid of anything, unless, of course, he doesnt like the product or could not understand it. Back when I grew up in the 90s, Shaquille ONeal was viewed as a dominant NBA center with a charismatic and sometimes silly personality. Who owns Elvis Presley? What does Shaq own Forever 21? Do Shaq owns Elvis Presley? My goal is to provide practical advice and insights to help my readers make informed financial decisions and achieve their financial goals. These franchises significantly contribute to his extensive net worth. As mentioned earlier, Shaq has experience owning several food franchises. A post shared by DR. SHAQUILLE ONEAL Ed.D. Let us now look into his lone fitness brand franchise. Does Shaq own JCPenney and Forever 21? Speaking to Front Office Sports, O'Neal explained that money is not his main motivation when it comes to making investments. However, according to Shaq in his interview in the Earn Your Leisure podcast, the entrepreneurs already sold off all his Auntie Annes franchises too. Outside of franchises, Shaq invested in his very own restaurant called Big Chicken. This say includes being the key voice in the companys acquisition of Reebok. He said, Congratulations, my friend, we own Reebok. And it was one of the best days in my life., Footwear News is a part of Penske Media Corporation. How does Shaq own Elvis Presley? Shaquille ONeal is one of the most well-known names in NBA history. ONeal said he was initially attracted to ABG because the operation centered around fun, family values and getting things done. (Video) Shaq joins Papa John's! He has transformed into one of the world's entrepreneurs owning numerous companies and brands with shares worth millions. ONeal has expressed his ambition to purchase Reebok through his association with ABG in recent years. By subscribing, I agree to the Terms of Use and Privacy Policy. The company was founded in 1984 and has grown to become one of the largest retailers in the United States. 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. As far as his basketball achievement goes, check his personal accomplishments in his 19-year career: Shaq was as decorated as any NBA superstar, but he also had several awards during college. He also owns several franchises of Krispy Kreme Donuts, invested in eSports, and wanted to be a part of the Bare Knuckle FC. This investment led to significant returns for the investor. His business portfolio is nothing less than the work of a financial genius. First and foremost, he was a great basketball player. Does Shaq own Walmart? Shaquille ONeal: The Surprising Owner of Marilyn Monroes Legacy, Investing in a Rolex Wimbledon: A Guide to Making a Smart Decision. 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. My real business is I own 50 brands, Shaq explained. He has also appeared in numerous films, television shows, and commercials. There are 300 fitness centres in 11 states, and at least 40 belong to Shaq, each with an original design. I dont like to seem like Im bragging, but Im going to ask you a question. Shaq is no stranger in the league, giving way to his part-ownership of one of its teams and being a competitor during his time in the NBA. Basketball alone brought The Big Diesel upwards of $292 million (277 million) when he left the NBA, and he also made an additional $220 million (209 million) in deals and ads for companies like Reebok, Pepsi, and Oreos. He was a total prankster, once running naked onto the practice floor with the Lakers. The Big Chicken franchise, owned by O'Neal, is a fast-food dining service that serves delicious chicken sandwiches in large portions and other side dishes. This decision led ONeal to become the second-largest individual shareholder in the company. His net worth is impressive but not as large as some other NBA stars. Me!, My real business is I own 50 brands, Shaq explained. [Reebok] is the company that helped, with his athletic prowess, vault him to fame and teach him how to be a businessman.. ONeal also made a name for himself as a movie star and a rapper. ONeals stake is estimated at 2-4%, whom he bought in 2013. In his interviews and appearances, Shaq credited Jeff Bezos for the investing philosophy that he still holds dear. So, I took half that money, put it back in the company, now I'm the number two guy in the company." 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 . Top 10 Sports Illustrated Swimsuit models in 2023 ranked. All of these business and personal endeavors allowed Shaq to accumulate some $400 million up to date. "I put money back in the company, and now I own all those other brands, so if Shaq ever goes away, sh-t, we still got Elvis," he said. The novelty of owning a Shaquille O'Neal rap album is what pulled in many of the sales, along with the comically cheesy music videos. ONeal made this known during an episode of his reality TV show Shaq Life.". ABG was awarded Company of the Year at the annual FN Achievement Awards in New York on Tuesday. The company's low pricing on products and humble shopping environment is what attract buyers from all over the world. You gotta have bachelors or masters and then if you want me to invest in one of your companies, you gotta have to present it, bring it to me, Ill let you know, Im not giving you nothing.. O'Neal is the second-largest individual shareholder of Authentic Brands Group, the company behind dozens of brand and retailer acquisitionsincluding Forever 21, Barneys New York, JCPenney and Reebok.. How many Krispy Kremes does Shaq own? According to ONeal himself, he owns 50 different brands. Shaq owns 50 brands, according to the Big Diesel himself in his own reality TV show Shaq Life. In 2022, he signed a deal for more outreach to regions such as Phoenix and Dallas. As of 2023, the multinational company has over 540 outlets. Restaurants, retail malls, movie theater, car washes, and nightclubs are all part of Shaqs economic empire. Wrapping Things Up: What Companies Does Shaq Own? He joined the chain of fitness centres in 2013 as a brand ambassador and gradually worked up the ladder to the board of directors in 2016, and 2019 he became an advisor. Me! Click here to get a new food business case study with revenue numbers delivered each week. As a longtime partner of Reebok and an owner of ABG, its a dream come true to welcome this legendary brand to the family, ONeal said in a statement. However, he has also conquered the business world and is quite an entrepreneur. Nevertheless, even though he is connected to many brands either as an owner or endorser, he chooses his sponsors carefully. According to the facts, Shaq owns 50 distinct brands, which he also revealed himself. Dont look at it, just sign it. So I signed it. Shaq has an estimated net worth of approximately $400 million. With Reebok now under the ABG umbrella, ONeal is a partial owner of Reebok, along with the other brands in the ABG portfolio of more than 30 brands, including Juicy Couture, Brooks Brothers, and Barneys New York. Meanwhile, ONeal has discussed his reasoning for the partnership. ONeal has also mentioned his many businesses on the Earn Your Leisure podcast: Be the first one to comment on this story. He patterned with several brands, including Pepsi and Reebok, and invested in a broader range of assets. What Companies Does Shaq Own? When his basketball career was over, ONeal had three jerseys retired #33 (LSU), #32 (Miami Heat), and #34 (Los Angeles Lakers). O'Neal continued. You could find Shaq in movies like Kazaam in addition to video games. Esteban Ocons net worth, height, salary and girlfriend. ONeals assessed total assets is $400 million, as per NBC Sports. Your login session has expired. 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. Other notable investments of Shaq are Lyft, Vitaminwater, and Ring. ONeal invested in nine restaurants in the Atlanta region when he first joined the board of directors of Papa Johns in early 2019. Among his teammates, Shaq was both a kid and a cold-blooded killer. Although he told CNBC that he has since sold his stake, he did admit that the burger business had been "very good" to him. Meanwhile, The Richest values Shaq net worth at $450 million as of 2022, and Wealthy Gorilla estimates it to be $500 million as of 2022. ?Who Owns Forever 21?? While he does not currently own JCPenney or Forever 21, he does have a number of successful business ventures and investments. Shaquille O'Neal Is a Partial Owner of Reebok, Forever 21, JCPenney - Footwear News. And like Shaq the player, good luck stopping Shaq, the business mogul. Shaq belongs to a group that owns about 5% of the team. Shaq is always looking to expand his business portfolio and he has numerous investments in the works. Since 2013, Shaq has owned a minor portion of the Sacramento Kings. 2023 Fairchild Publishing, LLC. 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. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Shaq also has interests in Google Inc AKA Alphabet. Does Shaq own JCPenney and Forever 21? 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. Looking at the 4x champ's investment portfolio. The answer to this question is no. Shaq is the majority owner of the restaurant that was founded in 2018. So, how rich is Shaq, really? Shaq owns Forever 21, JCPenney, Elvis Presley, Marilyn Monroe, and others. 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.. The retail powerhouse, led by CEO Jamie Salter and president and CMO Nick Woodhouse, recently secured a pair of major new investors thanks to its talent in reviving struggling yet iconic brands. Shaq joined shortly there after with a 2016 investment in the business. The star reportedly takes in around $60 million per year from endorsements and his various business endeavors, although the exact percentage breakdown split by each of the aforementioned businesses that he's invested in hasn't ever been disclosed. Taking a page from Warren Buffetts book, Shaq also wouldnt invest in cryptocurrency because he said he didnt understand it.. Who owns Marilyn Monroe? In 2016, O'Neal bought Krispy Kreme cafeteria valued at $2.75 million and added it to the long list of his assets. Do Shaq owns JCPenney? Numerous businesses, including Coca-Cola, Red Bull, and Intel, support eSports competitions. He has 17 Auntie Annies Pretzels restos, at least 1 Krispy Kreme franchise in Atlanta, and is heavily involved with Papa Johns. You bet! By subscribing, I agree to the Terms of Use and Privacy Policy. Why Brandon Left Parker on Gold Rush: Uncovering the Surprising Reasons Behind His Departure. Shaquille ONeal is one of the most well-known names in NBA history. A few rented divisions, like Seattles Best Coffee, optical facilities, and photography studios, are much of the time found in JCPenney stores. That said, Shaq does not own JCPenney. And if youd like to be like Shaq, complete our 7-minute franchise quiz to be matched with an opportunity thats right for your skillset. Because Shaq always stayed within himself, that easily made him one of Americas biggest restaurant franchisees. The multinational pizza business was founded in 1984 by John Schnatter, and in 2019, Shaq became its new brand ambassador. Shaq has long been a fan of Vitaminwater, and he even created his own flavor, Shaq Fu Punch, which he originally collaborated with in 2008. Is Shaquille ONeal The Owner of JCPenney and Forever 21? We publish narratives intentionally and specifically to enlighten and transform the world. 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. Sneaker Releases: YG Delivers a New Block Runner Sneaker, Nobull Drops a Floral Collection + More News Related Since 2015, Shaq has owned interests in the Authentic Brands Group. Click here to get a new food business case study with revenue numbers delivered each week. Contribute to Atlanta Black Star today and help us share our narratives. Today, he still appears in certain films and TV series either as an actor or doing a cameo appearance. Shaq has shown to be a savvy businessman who has successfully handled his franchises. Shaquille ONeal, a basketball legend and sports broadcaster, owns a portion of the Krispy Kreme franchise. I'll let him explain. NRG eSports was created in 2015. Join our newsletter & get our comprehensive101-pagebasketball guide. Amazon owns Ring LLC, a business that provides smart home security. It was then that the former athlete made a decision that would turn him into the second-largest individual shareholder at ABG. ONeal stated in front of more than 3,000 franchise professionals at the International Franchise Associations 2022 Annual Convention that he wanted to succeed in business instead of becoming one of the 60% of NBA players who go broke after leaving the game.. In this business venture, Shaq collaborated with the brand development and entertainment company Authentic Brands as well as the catering and events company JRS Hospitality. He's more than just one of the most dominant players in NBA history, he's . Required fields are marked *. Ive worked with some of the biggest names in the world when it comes to finance, and Im always looking for new ways to help people save money.
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