While Shaquille O’Neal is without a doubt the most dominant player in NBA history, there could be an argument for Shaq to be considered the most successful investor among NBA players. Shaq amassed a massive fortune during his time in the NBA, but he invested that money very well, including an early investment in Google.
Andrew Petcash on Twitter revealed how Shaquille O’Neal was able to turn a $250,000 investment into Google into a massive profit, and showed how he still owns shares to this day. Petcash’s insightful thread even revealed that Shaq invested money in Google after hearing two people talk about the venture at a restaurant.
It’s 1999 and Shaq is dominating the world of basketball.
Over the next 3 years, he will go on to win consecutive championships with the LA Lakers.
But what he did off the court is even more impressive… pic.twitter.com/UpwxMWl3Qv
— Andrew Petcash (@AndrewPetcash) June 17, 2023
He walks over to their table and asks “Can you please say that again?”.
The two gentlemen offer him a seat.
Not too long after, Shaq tells them “𝙄 𝙬𝙤𝙪𝙡𝙙 𝙡𝙞𝙠𝙚 𝙩𝙤 𝙞𝙣𝙫𝙚𝙨𝙩 𝙞𝙣 𝙩𝙝𝙞𝙨”.
So what is it? pic.twitter.com/viLLDghjjF
— Andrew Petcash (@AndrewPetcash) June 17, 2023
It’s safe to say Shaq made a boatload.
How much?
~$112M for every $100,000 invested 💰
And best yet, Shaq forgot he made the investment until he saw Google's IPO on TV. pic.twitter.com/hZpdKJbt7R
— Andrew Petcash (@AndrewPetcash) June 17, 2023
• Beginner’s luck?
• Being in the right place at the right time?
• A deliberately executed plan by Google to get in front of Shaq?
No matter the truth, it is still one of the best athlete investments of all time.
— Andrew Petcash (@AndrewPetcash) June 17, 2023
Shaquille O’Neal took a chance with the investment in Google and didn’t even really know how the venture would work out. But he still risked it, and it is safe to say that risk more than paid off, as Google is now one of the biggest tech companies on the planet, and has a massive market share on the internet.
Shaquille O’Neal Amassed A Massive $400 Million Fortune
Shaquille O’Neal didn’t just invest his massive career earnings in Google. He has a massive investment portfolio, that includes franchises like Papa John’s and Five Guys. Shaq has made some excellent investment decisions over the course of his career, and done some great work while being part of these massive companies.
The NBA provides a great platform for athletes to maximize their value. But Shaq took that one step further and made sure that he would have the opportunity to invest the money he made from the league and secure his family’s financial future for years to come.
Shaq revealed where his massive fortune would be distributed once his time comes. Shaq has been one of the smartest investors of his time, and he deserves his flowers when it comes to his ability to pick the right investments.
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