Shaquille O’Neal Once Blew $1 Million In 1 Day Before He Was Drafted!
Shaquille O’Neal is now looked up to for being financially savvy & he has a vast portfolio of investments in several industries.
But it wasn’t always like that.
The LSU Alum once spent a whopping $1 million in just a day, and this was before he played a single NBA game!
Shaq got a big payday of $1M for an endorsement deal before he got drafted in 1992.
Big Shaq wanted to celebrate & ended up buying THREE Mercedes cars, worth $50,000!
While he thought he still had half a million left, Shaq learnt about taxes the hard way.
He was taxed 40% on his million dollar earning, and was left with $100,000 that he spent on some expensive apparel.
After the reality check, he decided to be more careful and appointed a Jewish financial advisor, who went on to become like a father figure to Shaq!
What’s Shaquille O’Neal’s net worth now?
Despite still being a big spender now & then, like drowning a million in Rolls Royces or dropping $70,000 in Walmart, Shaq has built himself a big business empire with his investments.
Shaquille O’Neal’s net worth is reported at $400M.
His investment philosophy: investing in things people need & sticking to what he understands, which got him to distance himself from cryptocurrencies.