He has transformed into one of the world's entrepreneurs owning numerous companies and brands with shares worth millions. Because Shaq always stayed within himself, that easily made him one of Americas biggest restaurant franchisees. Sports Brief has compiled a list of the top 10 football stars with the most expensive car collections. As the business grew and achieved greater success, Shaq continued to put more money into it. Do Shaq owns JCPenney? 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. As of 2023, the multinational company has over 540 outlets. That also made him fun and personable, which undoubtedly contributes to him being a good businessman. Adidas acquired Reebok in 2006 for $3.8 billion and laid out a turnaround plan for the brand in 2016. ONeal also made a name for himself as a movie star and a rapper. 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. 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. How much is Shaquille ONeals net worth? if it's going to change people's lives and if I see people enjoy doing it." Shaquille O'Neal just revealed he owns Forever 21, Elvis - Upworthy Though most of its stores remain open for business, JCPenney. ONeal said he was initially attracted to ABG because the operation centered around fun, family values and getting things done. portfolio of more than 30 brands, including Juicy Couture, Brooks Brothers, and Barneys New York. The first location is expected to open in Atlanta, Georgia. Considering what companies Shaq owns and the size of his empire, it is proof enough that he is a mastermind both on the court and in the business world. All Rights Reserved. O'Neal recalled. Does Shaq Own JCPenny and Forever 21? Throughout his career, he was the recipient of many awards, including four NBA championships and three NBA Finals MVPs. Me! Were going to build this company together. And thats how he became the second-largest shareholder of ABG.. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Apart from the restaurant chains, car washes, shopping centers, nightclubs, and clothing companies, Shaq was also heavily involved in other ones. ONeal stated in front of more than 3,000 franchise professionals at the International Franchise Associations 2022 Annual Convention that he wanted to succeed in business instead of becoming one of the 60% of NBA players who go broke after leaving the game.. The answer to this question is no. 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. Shaq belongs to a group that owns about 5% of the team. After all, he turned down a deal with Starbucks since he felt black people couldnt relate to it. Due to his extensive investment in ABG, Shaq owns a percentage of Elvis' royalties. The project cost was estimated to be $7 million, and it had a 40-foot 3D digital screen. The company is owned by Shaq through the Authentic Brand Group and deals with high-end latest fashion designs, accessories, and beauty products. He has built an empire from the ground while ensuring his personal life and involvement boost its value. "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," he said. Despite owning lucrative and expensive houses, they also own the most expensive cars, like Cristiano Ronaldo's Ferrari Monza. How Much Does a Jamba Juice Cost to Open? Shaq said in the same discussion that he never made an investment or promoted a business whose goods he wouldnt personally use. Or so everyone thought. He also owns several franchises of Krispy Kreme Donuts, invested in eSports, and wanted to be a part of the Bare Knuckle FC. My real business is I own 50 brands, Shaq explained. 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. How much of Papa John's does Shaq own? [Answered!] Click here to get a new food business case study with revenue numbers delivered each week. This happened immediately following the contentious disclosure of their former CEO. All rights reserved. You need to explain that to me. He says, Im doing a deal with you to sell you 50% of everything I have going on for the rest of my life. ?Who Owns Forever 21?? After his retirement from the NBA, Shaq pursued a career in business and entertainment. He also works as a DJ under the name DJ Diesel, is a minority owner in the NBA's Sacremento Kings, works as a presenter for TNT and in early 2021 launched an Agency named Majority. Then you may alsolike our other basketball FAQ articles here. Which 50 brands does Shaquille O'Neal own? Taking a closer look at His business portfolio is nothing less than the work of a financial genius. There are more than 4,700 Papa Johns restaurants in existence today. 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. 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. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Restaurants, retail malls, movie theater, car washes, and nightclubs are all part of Shaqs economic empire. By subscribing, I agree to the Terms of Use and Privacy Policy. The company's low pricing on products and humble shopping environment is what attract buyers from all over the world. 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. Join our newsletter & get our comprehensive101-pagebasketball guide. (Video) Shaq joins Papa John's! The Uncle Jerome is a chicken sandwich with lettuce, mayo, and pickles that are themed after Nashville and are perfect for people who prefer their sandwiches to be a little bit hotter. According to the facts, Shaq owns 50 distinct brands, which he also revealed himself. Well delve deeper into Shaqs business operations and what he does on a daily basis. "Who owns JCPenney? 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. He also appears as an endorser to around 50 other companies. Shaquille ONeal: The Surprising Owner of Marilyn Monroes Legacy, Investing in a Rolex Wimbledon: A Guide to Making a Smart Decision. The group own 37.5 percent of Forever 21 alongside the Simon Property Group . ONeal has owned shares in ABG since 2015, when he sold the rights to his name brand to the company. Heres a graphical representation of the franchised businesses Shaq has owned at some point: Shaqs other business interests include the following companies: JCPenney and Forever 21 are included in Shaqs list of business interests. He released a range of sneakers as a result of this cooperation, including the well-known Reebok Shaq Attaq. As an entrepreneur, Shaq has invested in a number of businesses, including an investment in the Papa Johns Pizza chain. Contribute to Atlanta Black Star today and help us share our narratives. Sneaker Releases: YG Delivers a New Block Runner Sneaker, Nobull Drops a Floral Collection + More News Since investing in Authentic Brands Group, ONeal has had a say in many investments. He is the owner of Shaquille ONeal Enterprises, which includes a range of investments, real estate holdings, and a production company. According to Jamie Salter, ONeal reportedly told him: The two businessmen invested in each other, a gamble that has thus far paid off. 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.. Shaq reportedly owns 40 locations of the 24-Hour Fitness Centers across the country at the time of writing. Do Shaq owns Elvis Presley? Big Diesel owns numerous companies and brands, and his business portfolio indicates he is a financial genius. Rashford Vs Saka: who is the better forward at the moment? Shaq is also one of the color commentators and producers of the hugely popular show, Inside the NBA, along with Ernie Johnson, Charles Barkley, and Kenny Smith. 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. 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's rapping on the album isn't bad, even if it is a tad sillier than most other rap albums. The renowned entrepreneur has also ventured into the entertainment industry, appearing in numerous films and television shows. Related Since he originally joined the 24-Hour Fitness team as a brand ambassador in 2013, Shaquille ONeal has been associated with the company. This is the key to his success as an entrepreneur. ONeal is reportedly the second highest individual shareholder of the Authentic Brands Group. Since 2015, Shaq has owned interests in the Authentic Brands Group. Of course who could forget his timeless rap album titled Shaq Diesel? The brand now provides high-style designs and fashion basics with attractive pricing and a lively shop environment, thanks to a renewed focus on the consumer experience. Based in San Francisco, California, Lyft is an American transportation service startup that operates in 640 American cities as well as 9 Canadian cities. Who owns JCPenney? Shaquille O'Neal Is a Partial Owner of Reebok, Forever 21, JCPenney Dont look at it, just sign it. So I signed it. ONeal claims what could be compared to 89,723 Papa Johns portions, as per a structure he recorded with the Securities and Exchange Commission, including 87,136 unvested confined stock units, or RSUs, procured through his underwriting plan. Who owns JCPenney? How much stake does Shaq O'Neal have? In 2013, Shaq made his first investment in Lyft when it was still a startup. As of 2023, the multinational company has over 540 outlets. And if youd like to be like Shaq, complete our 7-minute franchise quiz to be matched with an opportunity thats right for your skillset. What is Shaq invested in? (2023) - investguiding.com The NBA icon wanted to run a business so that he could support himself once his playing days were over, thus he was motivated to expand the brand. 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. O'Neal is reportedly the second highest individual shareholder of the Authentic Brands Group. ONeals relationship with Reebok began in 1992, when he inked a multi-year, $15 million contract with the company. It feels like bragging." Does Shaquille O'Neal own JCPenney, Forever 21, and Elvis Presley . I want to bring [Reebok] back to basketball and to fitness., According to ABG president and CMO Nick Woodhouse, ONeal was a crucial part of helping push ABG through the acquisition process. Due to the aforementioned investment, Shaq is now second in command in terms of who owns the brands that are part of the Authentic Brands Group. I wanted to partner with a company that could perhaps have my name go on forever, ONeal told FN. Nobody:@SHAQ :Who Owns Marilyn Monroe?? ONeals stake is estimated at 2-4%, whom he bought in 2013. Shaq really ahead of the game when it comes to business! She Looks Just Like Her Mama But Plays Like Her Father: A Video of Shaquille ONeals and Shaunie Hendersons 6-Foot-3 Daughter Has Fans Doing a Double Take, A Woman That Can Make Shaq Look Like the Average Height: A Photo of Shaquille ONeal and 6-Foot-3 Angel Reese Has Fans Pointing Out How She Makes Him Look Normal In Size, Your Classmates Was Gonna Figure it Out: Shaquille ONeals 6-Foot-10 Son Shareef Says He Hid His Fathers Identity Until He Was Outed at a Basketball Game, Fans Are In Disbelief. Does Shaquille O'Neal own JCPenney? Looking at the 4x champ's In 2022, he signed a deal for more outreach to regions such as Phoenix and Dallas. Cover photo by Keith Allisonis licensed under CC BY 2.0 / modified from original. In his interviews and appearances, Shaq credited Jeff Bezos for the investing philosophy that he still holds dear. Shaq owns Forever 21, JCPenney, Elvis Presley, Marilyn Monroe, and others. 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. In this business venture, Shaq collaborated with the brand development and entertainment company Authentic Brands as well as the catering and events company JRS Hospitality. Does Shaq own JCPenney? Since 2015, Shaq has owned interests in the Authentic Brands Group. What Companies Does Shaq Own? He opened one of them in his hometown, Newark, New Jersey partnering with Cory Booker, the town's mayor. Is Shaq owner of JCPenney? Did you find this post helpful? Six years later, these bets appear to have paid off. The Rumor Is Out: Is Snapchat Really Getting Deleted in 2022? He was forced to sell his stake after accepting a deal with Wynnbett. Founded in 1937, Krispy Kreme is famously known for its donuts and coffee, and currently, it has over 1,300 stores worldwide. Who owns Elvis Presley? To say Shaq has a diversified income stream would be a gross understatement. Does Shaq Own Reebok, JCPenney, Forever 21, and Barneys New York All Rights Reserved. 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. NBA legend Shaquille ONeal may be most well-known for his NBA career and his gig as an Analyst for Inside the NBA on TNT. Outside of franchises, Shaq invested in his very own restaurant called Big Chicken. With the new move-in in February 2021, Brookfield, Simon, and ABG became the new ownership group of famous stores forever 21. O'Neal is the second-largest individual shareholder of Authentic Brands Group, the company behind dozens of brand and retailer acquisitionsincluding Forever 21, Barneys New York, JCPenney and Reebok.. How many Krispy Kremes does Shaq own? So, I took half that money, put it back in the company, now Im the No. ABG was awarded Company of the Year at the annual FN Achievement Awards in New York on Tuesday. The Lakers icon has won four championships in addition to other personal honors, and he is equally successful outside of the game. 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. Find Out Who Shaq Is Dating. Yes, he does. Shaq is the majority owner of the restaurant that was founded in 2018. According to online sources, as of 2023, his net worth is estimated to be $400 million. Shaquille O'Neal Net Worth Now it's great that Shaq owns a lot of franchises and other businesses. You dont have to own a business to be a CEO, being a CEO is a mentality. All in all, Shaq owns 50 brands and does not plan on stopping there. First and foremost, he was a great basketball player. Let us now look into his lone fitness brand franchise. The Big Diesel has a substantial and diversified investment portfolio that includes 50 distinct companies. eSports is a competitive video game platform that has recently gained popularity. 2. His commercials for dozens of companies make him one of the most recognizable celebrities on TV. shared that he owns quite a few notable businesses of his own. NBA legend Shaquille O'Neal recently blew the internet away with a small sneak peek of his extensive financial portfolio. Is Family Ties The Link Between Joseph Larson and Jimmy Swaggart? He was a total prankster, once running naked onto the practice floor with the Lakers. In all likelihood, the Big Diesel doesnt look like he is not slowing down anytime soon. On Thursday, the company behind dozens of brand and retailer acquisitions, including Forever. In 2008, Shaq bought a Five Guys restaurant in Atlanta, which was the beginning of his involvement with the company. This investment led to significant returns for the investor. This shows Big Diesels commitment to ongoing fitness even in retirement. 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. Nevertheless, even though he is connected to many brands either as an owner or endorser, he chooses his sponsors carefully. Shaq had made his significant investmentbuying Google stocksbefore bidding farewell to the courts, though. Me!" He is reportedly in talks to acquire additional locations and expand his stake in the company. As I mentioned earlier, Shaq has invested in Apple, PepsiCo, and General Electric. [ONeal] says, You know all that money youre going to give me? 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.. Second, what he has done on the court is magnified a gazillion times because he has such a jovial, childlike personality. According to Suns teammate Grant Hill, he once choked Gordan Giricek in the locker room for something so trivial. Wrapping Things Up: What Companies Does Shaq Own? The brand offers over 60 products, including suits, shirts and other clothing accessories. You could find Shaq in movies like Kazaam in addition to video games. Does Shaq Own JCPenney and Forever 21? He is currently a sports analyst on the television show Inside the NBA. His net worth is impressive but not as large as some other NBA stars. Im Kieran Walker, and Im a Celebrity and Financial Expert. Shaq is also heavily involved with the pizza chain Papa Johns. A post shared by DR. SHAQUILLE ONEAL Ed.D. The four-time NBA champion claimed that Wheaties, a competitor of Frosted Flakes, had approached him about becoming the face of the brand, but he had declined since he favored the latter; he would, later on, be seen on Wheaties cereal boxes. Does Shaq Own Marilyn Monroe? - Bliss Tulle If theres one thing I know, its that money can be a powerful tool but only if you use it correctly. And like Shaq the player, good luck stopping Shaq, the business mogul. Does Shaq Own Papa Johns? (2023) - fashioncoached.com 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. Who does Shaq own the rights to? It sells famous burgers and fries incorporated with other dishes, and its location is hard to miss in the States. Here are a few businesses Shaq has a stake in. Do you think I trust you? And I said, I hope so. He says, Why wouldnt I be partners with you. 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. Does Shaq own JCPenney? The biggest investor and shareholder in the Authentic Brands Group is the company's founder and CEO, Jamie Salter. 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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. Bio and all the details. In 2022, he signed a deal for more outreach to regions such as Phoenix and Dallas. Although Shaq has invested in a number of businesses, he does not currently own any of the major retail brands. Through the years, Reeboks revenues declined and in December of 2020, Adidas announced it would sell the business. ?Who Owns JCPenny?? Is Shaquille ONeal The Owner of JCPenney and Forever 21? A few rented divisions, like Seattles Best Coffee, optical facilities, and photography studios, are much of the time found in JCPenney stores. Most probably, the answer is no! He never said no. While emulating Bezos was truly brilliant, Shaq also incorporated his own style into his ventures. The Kings are a part of the Pacific Division of the Western Conference in the National Basketball Association. analysts, SportsBrief has compiled a list of the top 10 companies owned by Shaq as of 2023. Want to read more articles like this one? Related Shaq joined the companys board of directors in 2016 and in 2019 he was appointed a strategic advisor to the organization. Thats not only because of his impressive basketball resume; he also has this bigger-than-life quirky personality. Under new ownership, JCPenney is no longer a publicly-traded company. Worth It? He recently invested in an artificial intelligence startup and is looking to expand his portfolio into the technology space. Today, he still appears in certain films and TV series either as an actor or doing a cameo appearance. Salter spent four years as Ride's CEO, leading it through an initial public offering on Nasdaq, before stepping down in 1996,. Me!. Footwear News is a part of Penske Media Corporation. Another commented, Shaq dont want the bag, he want the whole distribution center.. What Is Jcpenney Brand Name? - Bliss Tulle The multinational pizza business was founded in 1984 by John Schnatter, and in 2019, Shaq became its new brand ambassador. Though not comparable to his food franchises, the 4x NBA champ has also dabbled in fitness centers. Does Shaq own Elvis Presley? But the former athlete is also an avid businessman, working behind the scenes on some of the biggest retail deals of 2021. O'Neal continued. Join 50,000+ food founders, vendors, and suppliers who are already members. Shaquille O'Neal Is a Partial Owner of Reebok, Forever 21, JCPenney - Footwear News. Lyft would eventually be valued at $23.4 billion when the company went public in 2019. Who owns Forever 21?" He has 17 Auntie Annies Pretzels restos, at least 1 Krispy Kreme franchise in Atlanta, and is heavily involved with Papa Johns. 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. Forever 21 is an American fast-fashion retailer. Since then, he has made numerous appearances in their ad campaigns. Who owns Elvis Presley? The multi-titled NBA champion has acknowledged in interviews that he has always realized money might vanish as soon as it appeared. ONeal 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. 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. In 2014, Shaq disclosed that in 2004, he had put $1 million into each of Google and Apple. ABG did not have an update regarding which company will license footwear and apparel for Reebok, though Woodhouse said there was definite interest. Please fill out this field with valid email address. Meet Jamie Salter, CEO of Forever 21, Barneys Owner Authentic Brands Back when I grew up in the 90s, Shaquille ONeal was viewed as a dominant NBA center with a charismatic and sometimes silly personality. 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: JCPenney is an American department store chain with over 1,000 locations in the United States and Puerto Rico. This figure is largely due to his success as an investor, entrepreneur, and television personality. Car Washes Included in this is the Big and Sloppy sandwich, which also comes with onion rings, macaroni and cheese, and barbecue aioli sauce. But getting those points is more complex than it seems. He is invested in brands such as the Authentic Brands Group, including Barneys New York, Forever 21, Reebok, and JCPenney, all contributing to his net worth. We bring people together, change perceptions, and inspire actions that impact culture for good. What does Shaq own Forever 21? Thus according to accounts, Shaq is the second-highest shareholder of the Authentic Brands Group. ONeal also noted that his net worth quadrupled ever since he kept the wise words of the Amazon CEO. When his endeavors took him out of that zone, he said he should feel a personal connection with the product to start investing. ?Me !#BagDrop. How Many Franchises Does Shaq Own? In an interview with the Earn Your Leisure podcast, Shaq had this to say about his businesses: I dont like to seem like Im bragging, but Im going to ask you a question. Reebok Reimagines Beloved Classic Leather Trail with Help from Los Angeles Streetwear Brand Pleasures Who is Mac McClung, the new Dunk Contest winner? His business portfolio is nothing less than the work of a financial genius. Other notable investments of Shaq include Beachbody, Forever 21, JC Penney, Elvis Presley, Reebok, NRG eSports, and Pepsi.