By subscribing, I agree to the Terms of Use and Privacy Policy. ONeal has 155 Five Guys franchises to his name, not to mention Big Chicken, Krispy Kreme, Papa Johns, and Auntie Annies. Shaq said, My skill is, if something comes across my desk, and I dont believe in it, I wont even look at it. Of course who could forget his timeless rap album titled Shaq Diesel? 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. Its clear Shaquille ONeal is heavily invested in JCPenney and Authentic Brands Group. Click the link above for more details about the top 10 football stars holding the most expensive car collections. 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. This say includes being the key voice in the companys acquisition of Reebok. 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. Forever 21 is one of several brands owned by Authentic Brands, which is in a 50-50 partnership with Simon called Sparc Group. Shaq is an investor and entrepreneur with a number of successful business ventures. Nevertheless, even though he is connected to many brands either as an owner or endorser, he chooses his sponsors carefully. Since retiring from professional basketball, Shaquille ONeal has made so much dough that hes now worth a reported $400 million. Because Shaq always stayed within himself, that easily made him one of Americas biggest restaurant franchisees. Shaqs net worth in 2021 is estimated to be as high as $400 million, according to AfroTech. 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. In 2022, he signed a deal for more outreach to regions such as Phoenix and Dallas. 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. "My real business is I own 50 brands," O'Neal explained. Does Shaq own JCPenney? Although Shaq has invested in a number of businesses, he does not currently own any of the major retail brands. 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. Footwear News is a part of Penske Media Corporation. It is reasonable to expect that Shaq will open more sites given his contract with Papa Johns, which includes a $11 million compensation plan. Footwear News is a part of Penske Media Corporation. Want to read more articles like this one? Enter your email to get access to our best tips for success. 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. Why Brandon Left Parker on Gold Rush: Uncovering the Surprising Reasons Behind His Departure. Shaq owns a chain of restaurants, movie theatres, retail malls, car washes, fitness centres, and nightclubs with numerous brands. 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. Logan Green and John Zimmer launched the business in June 2012 with the goal of enhancing peoples lives with the best road transport available. Away from the court, Shaq has made a name for himself on the big screen with such films as Kazaam (1996), Steel (1997), and Scary Movie 4 back in 2006. The franchise was conceived by four Murrell brothers in 1986, and Big Diesel owns 155 Five Guys restaurants throughout America. The same year, Siminoff and Doorbot appeared on a Shark Tank episode to ask for a $700,000 investment in the business, which he estimated to be worth $7 million. But has doing so helped Shaq's net worth? Although he told CNBC that he has since sold his stake, he did admit that the burger business had been "very good" to him. Restaurants, retail malls, movie theater, car washes, and nightclubs are all part of Shaqs economic empire. Who owns Forever 21? Shaq continued. A post shared by DR. SHAQUILLE ONEAL Ed.D. If you have that mentality, if you have that belief, it will work. Shaq said that one of his motivators was that his mother did the chores, go to work, come home, cook dinner, and never complained saying, I never wanted to be rich, I just wanted to be able to buy my mother everything she wants. The Big Diesel said that sometimes his kids dont understand him when he says, We aint rich, Im rich. 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. For his second album, Shaq Fu: Da Return, released in 1994, Shaq invited a slew of his favorite rappers of the . Required fields are marked *. So it really is something super special.. Shaq owns Forever 21, JCPenney, Elvis Presley, Marilyn Monroe, and others. He recently invested in an artificial intelligence startup and is looking to expand his portfolio into the technology space. He is presently involved in several food franchises likeKrispy Kreme, Papa Johns, and Auntie Annes Pretzels. Contribute to Atlanta Black Star today and help us share our narratives. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. Based in San Francisco, California, Lyft is an American transportation service startup that operates in 640 American cities as well as 9 Canadian cities. Learn how your comment data is processed. He also owns several franchises of Krispy Kreme Donuts, invested in eSports, and wanted to be a part of the Bare Knuckle FC. Who owns Forever 21? Shaq has an estimated net worth of approximately $400 million. You Might Like: Should You Work With a Franchise Broker? As of 2023, the multinational company has over 540 outlets. Dont look at it, just sign it. So I signed it. 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. While he does not currently own JCPenney or Forever 21, he does have a number of successful business ventures and investments. Since then, he has made numerous appearances in their ad campaigns. In June 2019, amid rumors of Adidas plans to divest the Reebok brand, ONeal said that he felt that Adidas had diluted [the brand] so much to where its almost gone., If they dont want it, let me have it, ONeal told CNBC at a Carnival Cruise event at the time. Does Shaq own Elvis Presley? 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. 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. 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. Forever 21 is a mogul in the fashion industry, with its headquarters in the United States of America. Shaquille O'Neal just revealed he owns Forever 21, Elvis Presley, and much more "I make investments, not for the monetary reasons, but. Shaquille ONeals business investment portfolio is wide-ranging. Top 10 Sports Illustrated Swimsuit models in 2023 ranked. So, one of the chapters in the book, joint venture-ship. (@shaq). This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. This investment led to significant returns for the investor. He owns several 24-Hour Fitness centers and was a minority owner of the Sacramento Kings. He also holds several franchises with popular restaurant chains. Allegedly, it is reported that the star takes home around $60 million annually from his endorsements, deals, and various investments. 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. Some may catch you by surprise because they are entirely out of his comfort zone. Esteban Ocons net worth, height, salary and girlfriend. What do Marilyn Monroe, Elvis Presley, JCPenneys & Forever 21 all have in common??? Under new ownership, JCPenney is no longer a publicly-traded company. A selection of specialty sandwiches is available on the Big Chicken menu. Through Christie Street, the crowdsourcing platform for Doorbot, more than the $250,000 intended was raised$364,000. After Shaqs highly-successful playing career, he turned into other business ventures and effectively built quite a portfolio for himself. Apart from the two tech giants, most of his investments are right in his backyard. As of 2023, the multinational company has over 540 outlets. In his recent weekly business conversations with the former athlete, Woodhouse related that most conversations, start[ed] off with, Have you bought Reebok yet? 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. He also owns 24-Hour fitness gyms, car washes, movie theatres, nightclubs, and shopping malls. What Companies Does Shaq Own? See a trend here? Who owns JCPenney and Forever 21? Big Diesel owns 150 car washes in multiple locations in the United States of America and has employed quite several people. Definitely not. 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. Who owns JCPenney? According to the facts, Shaq owns 50 distinct brands, which he also revealed himself. 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. 9. In short, Shaq became famous because he is utterly. Big Diesel owns numerous companies and brands, and his business portfolio indicates he is a financial genius. Forever 21 is a powerful and famous retailer brand with an excellent consumer reach and has a wealth of good potential. When his endeavors took him out of that zone, he said he should feel a personal connection with the product to start investing. Your login session has expired. 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. By subscribing, I agree to the Terms of Use and Privacy Policy. He is also known for his business acumen and success as an entrepreneur. Armani, Azzedine Alaa, Comme des Garons, Christian Louboutin, and Ermenegildo Zegna were among the prominent luxury labels brought to the US market. On-demand, Ring gives law enforcement organizations access to the video footage from its cameras and the data from its Neighbors app. This is the key to his success as an entrepreneur. Shaq also owns a number of real estate properties, including an oceanfront mansion in Florida and a string of luxury condos in Las Vegas. Here is the ever-growing list of businesses under Shaqs empire. Over the years, Shaquille O'Neal has stacked up many successful businesses and made smart investments that have led to his $400 million net worth . Shaq also owns the NBA G League team, the Delaware Blue Coats. 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. Shaquille ONeal is one of the most well-known names in NBA history. Since 2015, Shaq has owned interests in the Authentic Brands Group. Shaq owns Forever 21, JCPenney, Elvis Presley, Marilyn Monroe, and others. Tragic News from Gas Monkey Garage: Who Died and Why? Neighbors is an app that allows users to share video footage with each other online in a social setting. He opened one of them in his hometown, Newark, New Jersey partnering with Cory Booker, the town's mayor. As Salter previously explained in an interview with FN in ABGs New York offices, moments before ONeal closed the deal to sign away half of his brand proceeds to ABG, he turned to Salter with an idea. 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. The four-time former NBA champion is among the 24-Hour Fitness centres investors. Shaq is also heavily involved with the pizza chain Papa Johns. 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. NBA players are all famous by usual standards, but Shaq is anything but ordinary. Im looking forward to watching Shaqs growing list of business accomplishments just like I watched him on the hardwood so many years ago. As part of the three-year deal, Shaq also assumed the role of business spokeswoman. Shaq is a former National Basketball Association star, current television basketball analyst, and a successful businessman. Shaq does in fact own a certain percentage of Elvis' trademark royalties, but it's not clear how much Credit: Getty. "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. You Might Like: How Much Does a Jamba Juice Cost to Open? centres investors. Shaq owns 50 brands in different industries, not to mention dozens of other companies he endorses. Siminoff received a proposal from possible investor Kevin OLeary, but Siminoff turned it down. You dont have to own a business to be a CEO, being a CEO is a mentality. Salter spent four years as Ride's CEO, leading it through an initial public offering on Nasdaq, before stepping down in 1996,. Here is the list of companies Shaq ONeal owns: FOREVER 21 which is owned by Shaq is a leader in the fashion business, bringing the latest trends to everyone while inspiring individual style and confidence. Who owns Elvis Presley? The brand offers over 60 products, including suits, shirts and other clothing accessories. Meanwhile, ONeal has discussed his reasoning for the partnership. 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. His business portfolio is nothing less than the work of a financial genius. "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.". Find out the franchises and other business Shaq is investing in below. He has a net worth of $400 million . However, he has also conquered the business world and is quite an entrepreneur. O'Neal is reportedly the second highest individual shareholder of the Authentic Brands Group. Barneys New York Inc. was a luxury department store in New York City that opened in 1923. He revealed his plans back in 2021 to invest in Bare Knuckle FC, although he still has to give his official word on it. (Cost + Fees). "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. , as of 2023, his net worth is estimated to be $400 million. Shaq has always had a knack for capturing the spotlight. Shaquille ONeal, a basketball legend and sports broadcaster, owns a portion of the Krispy Kreme franchise. On Thursday, the company behind dozens of brand and retailer acquisitions, including Forever. My goal is to provide practical advice and insights to help my readers make informed financial decisions and achieve their financial goals. Shaquille ONeal is one of the most well-known names in NBA history. This shows Big Diesels commitment to ongoing fitness even in retirement. eSports is a competitive video game platform that has recently gained popularity. Soft pretzels that are freshly baked and sensually aromatic are Auntie Annes specialty. Required fields are marked Open an Account Today Franchise King At one point, Shaq owned 155 Five Guys restaurants - equivalent to 10% of the company's entire franchise portfolio. But the former athlete is also an avid businessman, working behind the scenes on some of the biggest retail deals of 2021. Celebrity Net Worth estimates his net worth at $400 million in 2023, while Forbes estimated it to be $350 million in 2021. ' related Salter. Despite owning lucrative and expensive houses, they also own the most expensive cars, like Cristiano Ronaldo's Ferrari Monza. 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.". 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. He's more than just one of the most dominant players in NBA history, he's . Does Shaquille o Neal own JCPenney? ONeals assessed total assets is $400 million, as per NBC Sports. My real business is I own 50 brands, Shaq explained.
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