He is currently a sports analyst on the television show Inside the NBA. So, I took half that money, put it back in the company, now I'm the number two guy in the company." The basketball star-turned-businessman added that he intends to keep his total earnings private since his "mom really doesn't like articles like that. He has built an empire from the ground while ensuring his personal life and involvement boost its value. Me!, My real business is I own 50 brands, Shaq explained. Since 2013, Shaq has owned a minor portion of the Sacramento Kings. The group own 37.5 percent of Forever 21 alongside the Simon Property Group . 9. As per the report, he claims 155 Five Guys Burgers areas, 17 Auntie Annies Pretzels areas, 150 vehicle washes, 40 24-hour wellness focuses, a shopping center, a cinema, and numerous Las Vegas clubs. By subscribing, I agree to the Terms of Use and Privacy Policy. Shaq is also one of the color commentators and producers of the hugely popular show, Inside the NBA, along with Ernie Johnson, Charles Barkley, and Kenny Smith. Another commented, Shaq dont want the bag, he want the whole distribution center.. When his basketball career was over, ONeal had three jerseys retired #33 (LSU), #32 (Miami Heat), and #34 (Los Angeles Lakers). Watch this video ( at the 37:46 mark ), as he talks about the fact he owns JC Penney and Forever 21. 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. Im Kieran Walker, and Im a Celebrity and Financial Expert. What does Shaq own Forever 21? "I don't like to seem like I'm bragging, but I'm going to ask you a question. Speaking to Front Office Sports, O'Neal explained that money is not his main motivation when it comes to making investments. , according to the Big Diesel himself in his own reality TV show Shaq Life. Looking at the 4x champ's investment portfolio. Shaq was also formerly a part-owner of 155 Five Guys restaurants. > Whats the Average Retirement Age for NBA Players? by Ethan Miller March 17, 2023, 6:08 pm. If youre interested in learning Shaqs story, check out this basketball biography book. WordPress.com VIP. He is also a partner in the ownership group of the Sacramento Kings. 2023 Fairchild Publishing, LLC. ! wrote one Instagram user. Find out the franchises and other business Shaq is investing in below. How Many Total Businesses? Shaq owns part of The General, Gold Bond, Icy Hot, Buick, Marilyn Monroe, Elvis Presley, Forever 21, JCPenney, Auntie Annie's Pretzels.He also works as a DJ under the name DJ Diesel, is a minority owner in the NBA's Sacremento Kings, works as a presenter for TNT and in early 2021 launched an Agency named Majority. He has also been successful as an actor and investor. 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. ONeal made this known during an episode of his reality TV show Shaq Life.". However, he has also conquered the business world and is quite an entrepreneur. 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. "One of the wisest investors out there!" expressed a third. Since he originally joined the 24-Hour Fitness team as a brand ambassador in 2013, Shaquille ONeal has been associated with the company. Who does Shaq own the rights to? Tragic News from Gas Monkey Garage: Who Died and Why? 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. First and foremost, he was a great basketball player. 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. The Hall of Famer has invested in various franchises despite the risks and liabilities and has come out wealthier than ever. In one of his recent tweets, Shaq revealed he has now acquired some of the most popular retail brands in the market. 14:45 (UTC), 7 July 2021 Investors will be able to own a piece of Shaq, Elvis and Marilyn, along with a clutch of well-known apparel and lifestyle brands, after brand licensing business Authentic Brands Group (ABG) filed to list its shares on the NYSE. 2010-2018 Mobile Cuisine, LLC - All rights reserved. Forever 21 is an American fast-fashion retailer. Heres a list of other investments Shaq has made through the years. Some own the latest and most expensive car models that only the wealthiest can afford. He recently invested in an artificial intelligence startup and is looking to expand his portfolio into the technology space. "I make investments, not for the monetary reasons, but if it's going to change people's lives and if I see people enjoy doing it.". Following that mantra, Shaq went on to become the unofficial franchise king in the restaurant world, among others. Shaquille ONeal: The Surprising Owner of Marilyn Monroes Legacy, Investing in a Rolex Wimbledon: A Guide to Making a Smart Decision. According to Jamie Salter, ONeal reportedly told him: The two businessmen invested in each other, a gamble that has thus far paid off. It feels like bragging." What is the Best Zone Defense for Youth Basketball. During his days on the court, he was known for his magnificent and exceptional skills and was regarded as one of the best basketball players ever. Does Shaquille O'Neal own JCPenney? The first step was when the business acquired the rights to 50 percent of Shaqs name brand. Does Shaq own Elvis Presley? The multinational pizza business was founded in 1984 by John Schnatter, and in 2019, Shaq became its new brand ambassador, investor, and owner. [Reebok] is the company that helped, with his athletic prowess, vault him to fame and teach him how to be a businessman.. When did JCPenney go out of business? The Ring Video Doorbell smart doorbell is one of the outdoor surveillance camera-equipped home security solutions that Ring manufactures. and added it to the long list of his assets. Given his success with Five Guys, Shaqs Pizza appears to be a franchising empire in the making. 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. There are 300 fitness centres in 11 states, and at least 40 belong to Shaq, each with an original design. Jerry and Janie Murrell established the business in 1986 as a 30-location small, family-run franchise. Its clear Shaquille ONeal is heavily invested in JCPenney and Authentic Brands Group. 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. John Schnatter established the company in 1984. On Thursday, the company behind dozens of brand and retailer acquisitions, including Forever. Why Brandon Left Parker on Gold Rush: Uncovering the Surprising Reasons Behind His Departure. shared that he owns quite a few notable businesses of his own. His business portfolio is nothing less than the work of a financial genius. Powered by Im going to send you something. Shaq has always had a knack for capturing the spotlight. Does Shaq Own Forever 21? Conclusion: analysts, SportsBrief has compiled a list of the top 10 companies owned by Shaq as of 2023. Numerous doughnut varieties are available at Krispy Kreme, along with coffee, beverages, and merchandise. Since 2015, Shaq has owned interests in the Authentic Brands Group. What companies does Shaq own, and whats his secret to becoming richer than ever? In 2008, Shaq bought a Five Guys restaurant in Atlanta, which was the beginning of his involvement with the company. Outside of franchises, Shaq invested in his very own restaurant called Big Chicken. Top 10 Sports Illustrated Swimsuit models in 2023 ranked. In all likelihood, the Big Diesel doesnt look like he is not slowing down anytime soon. I called the three companies that helped people live forever, and they bought my brand for a lot of money. Shaq reportedly owns 40 locations of the 24-Hour Fitness Centers across the country at the time of writing. See also 2800 Marvels: A Marvel Lover's Delight! According to ONeal himself, he owns 50 different brands. On-demand, Ring gives law enforcement organizations access to the video footage from its cameras and the data from its Neighbors app. Second, what he has done on the court is magnified a gazillion times because he has such a jovial, childlike personality. This company is responsible for many brand and retailer acquisitions, including Forever 21, Reebok, Barneys New York and JCPenney. Are these franchises only Shaqs business interests? I wanted to partner with a company that could perhaps have my name go on forever, ONeal told FN. So, when I was retiring, Im looking around, Im like How does Michael Jackson and all these guys live forever? So, one of the chapters in the book, joint venture-ship. GOOD aligns unparalleled expertise in social science, social media, and social change. Now, with the news of the brands sale to Authentic Brands Group (ABG), the former NBA athlete is one step closer to that dream. On Thursday, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York and J.C. Penney, entered into an agreement to buy the Reebok brand from Adidas. Your email address will not be published. The franchise was conceived by four Murrell brothers in 1986, and Big Diesel owns 155 Five Guys restaurants throughout America. I knew it then, I know it now: esports is still one of the fastest-growing industries and it just appeals to so many people.". Six years later, these bets appear to have paid off. Over the years, the 49-year-old has garnered endorsement deals from brands such as The General, Gold Bond, Icy Hot and Buick, just to name a few. ?Who Owns Elvis Presley?? 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. All in all, Shaq owns 50 brands and does not plan on stopping there. That reveals a careful side of him. Heres a snapshot of Shaqs franchises, his total number of stores, and Shaqs other business interests we havent mentioned yet. ABG was awarded Company of the Year at the annual FN Achievement Awards in New York on Tuesday. What Companies Does Shaq Own? 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