Shaquille O’Neal is widely known for his dominance on the basketball court. But apart from that, O’Neal is one of the smartest businessmen out there.
Over the years, Shaq has invested in a plethora of businesses and ballooned his net worth. But it didn’t take away the goofy nature of the Diesel. So much so that once Shaquille O’Neal took profits from a car wash business worth $250K in coins to his home. Evidently, Shaq’s accountant was scared to death when a quarter of a million dollars were missing.
“I was being an irresponsible business owner,” O’Neal said. “I had other monies coming in. I was paying my bills with other monies, but I was just having too much fun, just having too much fun. I have them [coins] in the house. I would get the coins and quarters and I just take them home and put them in my safe. But so much money was coming in, and I didn’t think you could take quarters and dimes to the bank. I didn’t want to look like I was breaking into vending machines.
“I would just take them and dump them in plastic bags and pillowcases and just put them in the house. He was like, ‘We’re 200,000-‘ I was like, I got it in my safe.’ ‘What?!’ ‘Yeah, I got a whole bunch of quarters in my safe.'”
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Shaquille O’Neal may have a net worth of $400 million as of 2023, but he made some questionable decisions when he first started investing money.
The story about how he used to store his profits from the car wash business is one such example.
Shaquille O’Neal Spent $1 Million In 30 Minutes
Being an NBA superstar comes with the incentive of earning millions of dollars throughout the career.
But many millionaire NBA players end up going broke due to their spending habits. Shaquille O’Neal could have been one of them quite easily. A prime example of it was when he spent $1 million in a span of just 30 minutes.
Shaq did so after getting a check for a million dollars from a trading car company. The Big Aristotle used it to purchase three black Mercedes Benz cars for himself, his father, and his mother.
Thankfully, his bank manager gave him a call on the very next day and blessed him with some financial advice. Shaq must have listened to it as today, he has created an empire, thanks to some very smart business decisions.
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