Since 2015, Shaq has owned interests in the Authentic Brands Group. based on fast foods, for instance, the Five Guys and the Big Chicken restaurants, while others deal with fashion, fitness, and car washes. Mortons Steakhouse Menu Prices + Power Hour (2023), Pei Wei Menu Prices + Limited-Time Offers (2023), Cinnabons Menu Prices + 4 Free BonBites (2023), Caribou Coffee Menu Prices + Free Coffee Offer (2023), Krispy Kreme Donuts 1 (In Atlanta thats nearly 60 years old. Alright, thats a bit of a low blow, but I had to go there. C. Penney Company, Inc (carrying on with work as JCPenney and truncated JCP) is a midscale American retail chain organization with 689 locales in 49 states and Puerto Rico. 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. Shaq said, My skill is, if something comes across my desk, and I dont believe in it, I wont even look at it. [ONeal] says, You know all that money youre going to give me? Although Shaq has invested in a number of businesses, he does not currently own any of the major retail brands. Does Shaq own JCPenney and Forever 21? NRG eSports, an American esports team that competes in Counter-Strike: Global Offensive, Overwatch, Fortnite Battle Royale, Rocket League, and PlayerUnknowns Battlegrounds, has Shaq as a minority owner. When his endeavors took him out of that zone, he said he should feel a personal connection with the product to start investing. Shaq also has interests in Google Inc AKA Alphabet. 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. , and whats his secret to becoming richer than ever? His net worth is impressive but not as large as some other NBA stars. I met with a lot of companies, but when I met with Jamie and his family, I knew that this was the right place to be.. Shaq owns a chain of restaurants, movie theatres, retail malls, car washes, fitness centres, and nightclubs with numerous brands. Restaurants, retail malls, movie theater, car washes, and nightclubs are all part of Shaqs economic empire. As of 2023, the multinational company has over 540 outlets. As sprawling as Shaqs success is as a player, he probably did more as a businessman. The 4x NBA champions business apparently doesnt stop there. Forever 21 is currently owned by Authentic Brands Group and Simon Property Group. Did you find this post helpful? Under new ownership, JCPenney is no longer a publicly-traded company. Apart from the restaurant chains, car washes, shopping centers, nightclubs, and clothing companies, Shaq was also heavily involved in other ones. I called the three companies that helped people live forever, and they bought my brand for a lot of money. NBA legend Shaquille O'Neal recently blew the internet away with a small sneak peek of his extensive financial portfolio. Who owns Forever 21? Does Shaq own JCPenney and Forever 21? Not surprising, the phones been ringing off the hook for us, he said. The COVID-19 pandemic sealed JCPenney's fate. Wrapping Things Up: What Companies Does Shaq Own? 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. ONeals fame is undoubtedly a factor in all of this, but its just a tiny part of his off-the-court success. Ted Baker Management Exits as Authentic Inks New Deals for the British Brand. He has been a huge basketball fan for decades, watching thousands of basketball games through the years to learn the ins and outs of the game. Being that Im partners with [Jamie] the brand master and reviver, the guy who works magic I told him, I think you should get Reebok, ONeal told FN. Does Shaq own Walmart? The retail powerhouse, led by CEO Jamie Salter and president and CMO Nick Woodhouse, recently secured a pair of major new investors thanks to its talent in reviving struggling yet iconic brands. ' related Salter. Im Kieran Walker, and Im a Celebrity and Financial Expert. Apart from the two tech giants, most of his investments are right in his backyard. Your email address will not be published. The Kings are a part of the Pacific Division of the Western Conference in the National Basketball Association. A post shared by DR. SHAQUILLE ONEAL Ed.D. The latter allowed him to cross over mainstream TV and movies seamlessly. He also owns several franchises of Krispy Kreme Donuts, invested in eSports, and wanted to be a part of the Bare Knuckle FC. In 2008, Shaq bought a Five Guys restaurant in Atlanta, which was the beginning of his involvement with the company. 2 guy in the company.. Big Diesel owns numerous companies and brands, and his business portfolio indicates he is a financial genius. However, he has also conquered the business world and is quite an entrepreneur. This raises the total value of his investment to almost $6.5 million. Find Out Who Shaq Is Dating. Powered by According to Suns teammate Grant Hill, he once choked Gordan Giricek in the locker room for something so trivial. and added it to the long list of his assets. How much do celebrities get paid for commercials? All of these business and personal endeavors allowed Shaq to accumulate some $400 million up to date. Does Shaq own JCPenney? All of these business and personal endeavors allowed Shaq to accumulate some $400 million up to date. like our other basketball FAQ articles here, What are Different Types of Shooting in Basketball. You gotta have bachelors or masters and then if you want me to invest in one of your companies, you gotta have to present it, bring it to me, Ill let you know, Im not giving you nothing.. Playboy, Millings responded. Is Shaq owner of JCPenney? For example, Michael Jordan and Kobe Bryant both have net worths of over $1 billion. Taking a page from Warren Buffetts book, Shaq also wouldnt invest in cryptocurrency because he said he didnt understand it.. During his interview, he stated that he aims to own more than 100 Krispy Kreme cafeterias and has acquired a famous place in Atlanta. Shaq has shown to be a savvy businessman who has successfully handled his franchises. If theres one thing I know, its that money can be a powerful tool but only if you use it correctly. Shaq owns Forever 21, JCPenney, Elvis Presley, Marilyn Monroe, and others. Read and find out. 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. Forever 21 is an American fast-fashion retailer. 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. Coca-Cola purchased the brand name in 2007 after it had been developed in 1996. This happened immediately following the contentious disclosure of their former CEO. With all these things considered, there are endeavors he wont touch with a ten foot pole. He also owns a fleet of luxury cars, including a Ferrari and a Bentley. Shaq has reportedly invested over $8 million in the company and currently owns 37 restaurants in the United States. After Shaqs highly-successful playing career, he turned into other business ventures and effectively built quite a portfolio for himself. According to different sources, Shaq's net worth varies widely. After all, he turned down a deal with Starbucks since he felt black people couldnt relate to it. Does Shaq Own JCPenney and Forever 21? 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. The Hall of Famer owns 17 Auntie Anne's pretzels restaurants across the United States of America, with an approximate value of over $300,000. ONeal has also mentioned his many businesses on the Earn Your Leisure podcast: Be the first one to comment on this story. However, ONeal has also become a renowned businessman with multiple successful investments. That said, Shaq does not own JCPenney. Shaq is an investor and entrepreneur with a number of successful business ventures. 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. Shaq had made his significant investmentbuying Google stocksbefore bidding farewell to the courts, though. Having worked as a financial advisor and an author, I combine a passion for writing with a deep understanding of financial planning and wealth management in my writing. Numerous doughnut varieties are available at Krispy Kreme, along with coffee, beverages, and merchandise. centres investors. I never even heard of esports. Shaq is also looking to expand his investment in the Papa Johns Pizza chain. 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. That reveals a careful side of him. He is the owner of Shaquille ONeal Enterprises, which includes a range of investments, real estate holdings, and a production company. Logan Green and John Zimmer launched the business in June 2012 with the goal of enhancing peoples lives with the best road transport available. Of course, Shaq did not stop there. The Roots Unveil Their Jaw-Dropping Tonight Show Salary - You Won't Believe How Much They Earn! Following that mantra, Shaq went on to become the unofficial franchise king in the restaurant world, among others. The project cost was estimated to be $7 million, and it had a 40-foot 3D digital screen. As of 2021, Shaq's net worth is somewhere around $400 million, per NBC Sports. My passion is personal finance and financial advising. Moreover, Shaq also dabbled in tech (Apple, Google, Loyal3) and real estate. Shaq joined the companys board of directors in 2016 and in 2019 he was appointed a strategic advisor to the organization. Sparc can also license Aeropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica, and it recently became the core licensee and operating partner for Reebok in the U.S. More on this: (Video) Shaq joins Papa John's! As per the report, he claims 155 Five Guys Burgers areas, 17 Auntie Annies Pretzels areas, 150 vehicle washes, 40 24-hour wellness focuses, a shopping center, a cinema, and numerous Las Vegas clubs. As of this writing, he owns 10% of all Five Guys Restaurants franchise stores. ONeal acquired the fabled Krispy Kreme shop at 295 Ponce de Leon Avenue in Atlanta in late 2016. ONeals own history with Reebok began in 1992, when he signed a multiyear year deal with the brand worth $15 million. According to ONeal himself, he owns 50 different brands. Other companies and brands that Shaq has invested in include; Malika Andrews' height, sister, age, career, salary, net worth, is she dating? Today, he still appears in certain films and TV series either as an actor or doing a cameo appearance. The company is owned by Shaq through the Authentic Brand Group and deals with high-end latest fashion designs, accessories, and beauty products. Armani, Azzedine Alaa, Comme des Garons, Christian Louboutin, and Ermenegildo Zegna were among the prominent luxury labels brought to the US market. Although they are only sometimes considered franchises, these car washes are profitable and serve the legendary basketballer well. He also appears as an endorser to around 50 other companies. Basketball is pretty simple the team with the most points at the end of play wins. 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. All Rights Reserved.FN and Footwear News are registered trademarks of Fairchild Publishing, LLC. ABG was awarded Company of the Year at the annual FN Achievement Awards in New York on Tuesday. So, I took half that money, put it back in the company, now I'm the number two guy in the company." So, I took half that money, put it back in the company, now Im the number two guy in the company. (Note: Shaq did not clarify what percentage of these brands he owed or if they were bought outright. The franchise has 10 locations with great reviews and is closely monitored. (The Good and Bad), How to Start a Home Bakery Business (Beginners Guide), What To Research Before Buying A Franchise: Objective List, Can You Franchise Shaqs Big Chicken Restaurant? While emulating Bezos was truly brilliant, Shaq also incorporated his own style into his ventures. ONeal said he was initially attracted to ABG because the operation centered around fun, family values and getting things done. Shaq is an active businessman and investor in several top U.S. corporations such as Apple, General Electric, and PepsiCo. Does Shaq own Elvis Presley? Shaq joined shortly there after with a 2016 investment in the business. He also holds several franchises with popular restaurant chains. So it is not surprising that many people are wondering if Shaq is the owner of JCPenney and Forever 21. Who owns Marilyn Monroe," the former basketball star asked the two hosts, reports Atlanta Black Star. American fast-food restaurant franchise Five Guys offers a variety of French fries and hamburgers. if it's going to change people's lives and if I see people enjoy doing it." I want you to sign it. Me!, My real business is I own 50 brands, Shaq explained. The company is owned by Shaq through the Authentic Brand Group and deals with high-end latest fashion designs, accessories, and beauty products. When his basketball career was over, ONeal had three jerseys retired #33 (LSU), #32 (Miami Heat), and #34 (Los Angeles Lakers). Ranked: Top 25 male fitness influencers to follow in 2023, Newark, New Jersey, the United States of America, Ayesha, Lateefah O'Neal, and Jamal O'Neal, Shareef, Shaqir, Me'arah, Amirah, and Taahirah O'Neal, Entrepreneur, and former professional basketball player. Shaquille ONeals business investment portfolio is wide-ranging. Despite owning lucrative and expensive houses, they also own the most expensive cars, like Cristiano Ronaldo's Ferrari Monza. In his recent weekly business conversations with the former athlete, Woodhouse related that most conversations, start[ed] off with, Have you bought Reebok yet? The fast-food restaurant chain was founded in 1988 as a family business selling baked pretzels. "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. ', Shaq is very involved in our business and very involved in his business with us, Woodhouse said. "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. by Ethan Miller March 17, 2023, 6:08 pm. In all likelihood, the Big Diesel doesnt look like he is not slowing down anytime soon. Shaquille ONeal is largely regarded as one of the greatest basketball players of all time. Shaquille O'Neal is a big-time legend in the basketball world, not only by his size and achievements but also by his reputation and determination. Shaq's rapping on the album isn't bad, even if it is a tad sillier than most other rap albums. He owns several 24-Hour Fitness centers and was a minority owner of the Sacramento Kings. 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. All Rights Reserved. JCPenney and Forever 21 are included in Shaq's list of business interests. Who is Mac McClung, the new Dunk Contest winner? It started when the company bought the rights to half of ONeals name brand. > Whats the Average Retirement Age for NBA Players? Click the link above for more details about the top 10 football stars holding the most expensive car collections. He likewise advanced organizations like Burger King, Mcdonalds, Taco Bell, Pepsi, and Oreo. 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. He has also appeared in numerous films, television shows, and commercials. Who owns Marilyn Monroe? Required fields are marked Basketball alone brought The Big Diesel upwards of $292 million (277 million) when he left the NBA, and he also made an additional $220 million (209 million) in deals and ads for companies like Reebok, Pepsi, and Oreos. It has no need for a massive corporate headquarters campus. Other notable investments of Shaq include Beachbody, Forever 21, JC Penney, Elvis Presley, Reebok, NRG eSports, and Pepsi. JCPenney has significant Fine Jewelry segments, The Salon by InStyle, and Sephora within it, as well as offering customary items. These nine Papa Johns locations still belong to Shaq as of 2023. Read More: What companies does George Soros own? According to NBC Sports, Shaq is worth an estimated $400 million and is the joint owner of several Auntie Annies Pretzels restaurants, over 100 car washes, and 40 24-hour fitness centers. Thats not only because of his impressive basketball resume; he also has this bigger-than-life quirky personality. After that, ONeal decided to invest the money from that deal right back into Authentic Brands Group. Here are all the details. You are warned: This list may need updating every month! Who owns Forever 21?" The Lakers icon has won four championships in addition to other personal honors, and he is equally successful outside of the game. You could find Shaq in movies like Kazaam in addition to video games. Do Shaq owns JCPenney? Thats right. Are these franchises only Shaqs business interests? The retired basketballer does not own JCPenney. He also holds several franchises with popular restaurant chains. 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. Hes not obviously as good at those departments as he was on the basketball court, but his incursions in Hollywood and music only added to his fame. But, he is the second highest shareholder of the Authentic Brands Group, one of the companies behind the acquisition of retailers such as Reebok, Forever 21, Barneys New York, and JCPenney. 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. Speaking to Front Office Sports, O'Neal explained that money is not his main motivation when it comes to making investments. If youre interested in learning Shaqs story, check out this basketball biography book. This company is responsible for many brand and retailer acquisitions, including Forever 21, Reebok, Barneys New York and JCPenney. Shaq owns several movie theatres located all over the United States of America.
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