Shaquille O’Neal’s love for his first tax refund check turned into a $60 million a year business model

Shaquille O'Neal's love for his first tax refund check turned into a $60 million a year business model

Shaquille O’Neal is a basketball legend, and he’s well known for his successes on the court. However, Shaq’s business model may be one to copy.

The former Lakers legend is currently one of the hosts of the famous ‘Inside the NBA’ segment on ESPN where he finds new and hilarious ways to discuss and analyze the NBA.

There have been countless stories of how Shaquille O’Neal has spent egregious amounts of money at once. He holds the record for the largest purchase in Walmart history amongst other things, and so he holds a reputation for being a big spender.

Shaq’s net worth is enough to cater towards his lifestyle, but it also sometimes makes for some crazy stories. He’s built that net worth through strategic and valuable investments. He makes a great deal of money every year from his businesses, and it’s admirable to see.

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Shaquille O’Neal fell in love with investing after his first tax refund check

Shaq has a net worth of $400 million, and he maintains that level of wealth with a steady stream of income even after his playing days.

This love for investing came after Shaq saw his first tax refund check. “When I got my first tax-return cheque, I was like ‘Oh my god!” he exclaimed. “Business is fun, I like it.’”

Shaquille O’Neal’s investing portfolio is quite diverse as well. He invests in everything from restaurants to startups to tech companies and more.

He has stakes in Papa John’s and Auntie Anne’s, and he also invested in 155 Five Guys locations before selling his stake. He also owned a piece of the Sacramento Kings at one point. His other major investments include Lyft, Ring, and Vitaminwater.

How much does Shaq make from all his business deals and investments? Well, according to Celebrity Net Worth, Shaq makes as much as $60 million a year from his businesses.

Also Read: “Couldn’t figure out or intimidate $300 million worth Hakeem Olajuwon”: Shaquille O’Neal admitted to Rockets legend being his biggest challenge

Post Edited By: Ashish Priyadarshi
Los Angeles Lakers NBA Shaquille O'Neal

About the author

Ashish Priyadarshi

Ashish Priyadarshi is The SportsRush's content manager and editor. Ashish freelanced for 1 year in the NFL division before taking on an editorial role in the company. He then tacked on managing content while adding on a writing role in the NBA division. Ashish has been closely following the NFL and NBA since the 2012 season when the Patriots lost the Super Bowl and Derrick Rose was at the height of his powers. Since then, Ashish has focused on honing his knowledge for both leagues in, even writing crossover pieces. In his free time, Ashish is an avid basketball player, he loves to watch movies and TV shows, immersing himself in the cinematic world. Ashish studies computer science and data science at the University of Wisconsin-Madison and would love to mesh his love for sports with his technical skills.

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