NBA celebrity Shaquille O’Neal has reaped important monetary rewards from an unintentional funding in tech behemoth Google, contributing to his current web price of roughly $500 million.
What Occurred: O’Neal, who’s famend for his tenure with the LA Lakers, Orlando Magic, and Miami Warmth, has been diversifying his investments into varied companies since his retirement in 2011.
His portfolio contains outstanding corporations equivalent to Apple Inc., Papa John’s, Krispy Kreme, and 5 Guys.
Nonetheless, it was his funding in Google that turned out to be particularly worthwhile for the retired basketball participant. O’Neal disclosed that his funding in Google was the results of a fortuitous assembly with a person who launched him to the then-emerging firm.
The precise quantity O’Neal has earned from his Google funding stays undisclosed. Nevertheless, The Motley Idiot reported {that a} $10,000 funding in Google in 2004 would have grown to over $300,000 by 2019.
Additionally Learn: NBA Legend Shaq’s Daughter Breaks Silence On Dad’s Profession, Defying Household Expectations: ‘It’s A No Go For Me’
O’Neal reportedly rakes in $60 million yearly from his enterprise investments and endorsements, surpassing his earnings throughout his basketball profession’s zenith.
Why It Issues: O’Neal’s profitable funding in Google underscores the potential of tech investments, notably in startups.
His funding journey serves as a testomony to the ability of diversification and the significance of seizing alternatives.
His monetary success post-retirement additionally highlights the potential for athletes to construct sustainable wealth past their sports activities careers.
Learn Subsequent
Shaq Buys Out Supply Crew’s Van and Automotive, Leaving Them To Catch An Uber
This content material was partially produced with the assistance of Benzinga Neuro and was reviewed and printed by Benzinga editors.
Market Information and Information dropped at you by Benzinga APIs
© 2024 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
