What Is Shaquille O’Neal’s Net Worth In 2022 After Spending For His Lavish Lifestyle?

Entertainment Net Worth

Shaquille ‘Shaq’ O’Neal is one of the most successful and iconic basketball players of all time, and he has amassed significant wealth during his career and since his retirement. Shaq was the first pick in the 1992 NBA draught after attending Louisiana State University, the alma mater of Odell Beckham Jr.

Shaq’s NBA career lasted 19 years, and he stood 7ft 1 tall. He played for six teams, including the Los Angeles Lakers, and shared the court with other sports legends such as LeBron James. O’Neal has won everything to win in the NBA, including four NBA championships and being named the league’s most valuable player in 2000.

Because of his incredible ability on the court and his impressive marketability off the court, the fifteen-time All-Star has had enormous financial success.

Shaq’s Net Worth

Shaquille O’Neal is a retired basketball player, entrepreneur, television host, and product endorser from the United States. Shaquille O’Neal’s net worth is $400 million as of this writing. Shaq earned $292 million in salary alone during his NBA career.

During the same time period, he earned well over $200 million in endorsements. Even though he has been retired for many years, Shaq still earns around $60 million per year from endorsements and other business ventures.

Net Worth: $400 Million
Salary: $60 Million
Date of Birth: Mar 6, 1972 (50 years old)
Gender: Male
Height: 7 ft 1 in (2.16 m)
Profession: Basketball player, Actor, Rapper, Film Producer, Television producer, Real estate entrepreneur
Nationality: United States of America

How was Shaq’s Childhood?

Shaquille O’Neal was born in Newark, New Jersey, on March 6, 1972, to Lucille O’Neal and Joe Toney. His father was a drug addict who went to prison for drug possession when O’Neal was a baby. His parents never married, and his father abandoned him shortly after Shaq was born after being released from prison.

For decades, O’Neal was estranged from his father. His mother married Phillip Harrison, a sergeant in the United States Army when he was two years old. Growing up, O’Neal was a member of the Boys and Girls Club of America, and he credits the organization with keeping him off the streets.

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The family relocated from Newark to Germany and Texas. Shaq began to gain attention for his basketball talent while still in high school. He led San Antonio’s Robert G. Cole High School to the state championship in his senior year.

O’Neal went on to become a two-time SEC Player of the Year and a two-time All-American at Louisiana State University. In 1991, he was also awarded the Adolph Rupp Trophy as the NCAA men’s basketball player of the year. Shaquille O’Neal’s achievement of earning a doctorate in education is one of his many notable achievements.

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O’Neal enrolled in the program at Barry University after receiving his master’s degree from the private Catholic University of Phoenix. The course, which O’Neal primarily finished online over a number of years, was a reflection of his enthusiasm for learning and desire to keep pushing himself.

Shaq’s Married Life

In December 2002, Shaq married Shaunie Nelson. Shareef, Amirah, Shaqir, and Me’arah are their four children. Shaq also has a daughter from a previous relationship with Arnetta Yardbourgh, Tahirah.

In September 2007, O’Neal filed for divorce from Shaunie. They changed their minds and canceled their divorce, but Shaunie filed for divorce in November 2009.

She referred to irreconcilable differences. From 2010 to 2012, O’Neal dated reality star, Nicole Alexander. Shaq has been dating model Laticia Rolle since 2014. O’Neal paid for all of Hall of Fame center George Mikan’s funeral expenses when he died in June 2005.

Shaq’s Professional Career

NBA All-Star:

O’Neal was selected first overall by the Orlando Magic in 1992. A year later, he was named Rookie of the Year and selected as an All-Star starter, a feat not accomplished since Michael Jordan. Shaq helped the Magic reach their first playoff series in his second season.

The following year, they reached the NBA Finals but were defeated by the Houston Rockets. O’Neal was sidelined by injuries for much of the 1995-96 season, but the Orlando Magic still finished with a winning record. O’Neal and the Magic won the first two rounds of the playoffs that year but were ultimately defeated by Michael Jordan’s Chicago Bulls.

O’Neal was a member of the men’s Olympic basketball team in Atlanta in 1996. That team went on to win the gold medal at the Olympics.
As tensions rose among his coach, teammates, and the local Orlando media during the Olympics, O’Neal announced his intention to join the Los Angeles Lakers.

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O’Neal was offered a seven-year, $121 million contract by the Lakers. This move paired O’Neal with a young Kobe Bryant, bringing together two of the game’s biggest names on one team. While his first few years with the Lakers were promising, they could not win a championship.

O’Neal battled injuries and personnel changes until a change in leadership changed everything. In the 1999-00 season, the arrival of former Chicago Bulls coach Phil Jackson set the Lakers on a path that would lead to them becoming a dominant force for years to come. Jackson pressed O’Neal, forcing him to improve his defense.

That year, Shaquille and the Lakers won the NBA championship, and they would go on to win it the next two years in a row. In 2004, O’Neal was traded to the Miami Heat. The following year, Shaq agreed to a five-year, $100 million contract with the team.

While he could have demanded more money, he said he was after another championship. The following year, the Heat defeated the Dallas Mavericks to win the team’s first championship and O’Neal’s fourth. Beginning in 2008, O’Neal’s days of signing long-term contracts with teams were over.

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That year, he was traded to the Phoenix Suns, where he failed to make the playoffs for the first time since his rookie season. He was traded with the team at the end of his first season to help the team’s budget. More one-year stints would follow, including with the Cleveland Cavaliers (alongside LeBron James) and the Boston Celtics in his final season.

Other Business and Media Endeavors

Shaq was rapidly rising to fame in the early 1990s as he explored careers in the rap and movie industries. He made appearances in movies like “Blue Chips” and “Kazama.” In addition, he has appeared in a number of other movies and TV shows, such as “Curb Your Enthusiasm” and “The Parkers.”

“Shaq Diesel,” his debut rap album, was released in 1993 and went on to receive platinum certification. Under the moniker DIESEL, he still performs as a DJ and makes music. Shaq has also appeared in several video games throughout his career.

O’Neal has also appeared in some reality TV shows and runs his podcast. Other media roles include being a regular NBA game commentator and even having a brief professional wrestling career. Since the 1990s, O’Neal has been involved in the stock market and real estate.
He has demonstrated a keen interest in business as well.

His appointment to the Papa John’s Board of Directors was announced on March 22, 2019. Shaq will make $8.25 million over the course of three years from the position in salary and stock. Additionally, he is spending $840,000 of his own money to purchase 30% of a Papa John’s franchise with 9 locations in Atlanta.

Shaq invested $5 million for a 1% stake in the Sacramento Kings of the NBA in 2013. Shaq sold his team stock in August 2021, so he could become the face of WynnBET, an online gambling enterprise. For $11 million, he sold his ownership stake in the Kings.

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Shaq’s Endorsements & Brand Deals

Shaquille O’Neal has embraced endorsements more than most athletes. As an instantly recognizable celebrity, numerous businesses have sought him after as a spokesperson. His more well-known endorsements are those for Pepsi, Carnival Cruise Line, and Reebok. It would take too long to list all of Shaq’s endorsement agreements and commercial appearances.

Shaq’s Other Assets

Shaq’s primary residence for many of the most recent years was a massive 12-bedroom mansion in Orlando. The main house has a 17-car garage, a 10-foot privacy wall, a 6,000 square-foot indoor basketball court, and is 35,000 square feet in size. Shaq spent $4 million on the land for his house back in 1993 and then had a custom mansion built on it.

In May 2018, he initially put the house on the market for $28 million. In January 2019, he reduced the cost to $22 million. It is situated inside the Isleworth Golf & Country Club, a gated neighborhood. Shaq reduced the property’s asking price to $19.5 million in September 2020. In January 2021, he finally consented to $16.5 million.

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