Of course who could forget his timeless rap album titled Shaq Diesel? How does Shaq own Elvis Presley? Amazon owns Ring LLC, a business that provides smart home security. This company is responsible for many brand and retailer acquisitions, including Forever 21, Reebok, Barneys New York and JCPenney. He owns a number of restaurant franchises, owns a share in the Sacramento Kings, and still has a number of endorsement deals. There are 300 fitness centres in 11 states, and at least 40 belong to Shaq, each with an original design. The company's low pricing on products and humble shopping environment is what attract buyers from all over the world. How much of Papa John's does Shaq own? [Answered!] First and foremost, he was a great basketball player. Read More: What companies does George Soros own? Save my name, email, and website in this browser for the next time I comment. All Rights Reserved.FN and Footwear News are registered trademarks of Fairchild Publishing, LLC. This question has been asked by many people, especially those who want to follow in Shaquille O'Neal's footsteps and invest in a business. Me!, My real business is I own 50 brands, Shaq explained. Whether its through investments, or just making sure theyre getting the best deals on everything they buy, I want to help as many people as possible grow their wealth. Shaq owns part of The General, Gold Bond, Icy Hot, Buick, Marilyn Monroe, Elvis Presley, Forever 21, JCPenney, Auntie Annie's Pretzels. The fast-food restaurant chain was founded in 1988 as a family business selling baked pretzels. So, I took half that money, put it back in the company, now Im the No. Looking at the 4x champ's investment portfolio. Shaq owns several movie theatres located all over the United States of America. Meet Tom Brady's daughter, Vivian Lake Brady: Family and facts, List of all companies owned by Shaq as of 2023. 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. The company is owned by Shaq through the Authentic Brand Group and deals with high-end latest fashion designs, accessories, and beauty products. 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 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? Shaq really ahead of the game when it comes to business! Which 50 brands does Shaquille O'Neal own? Taking a closer look at 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. Sneaker Releases: YG Delivers a New Block Runner Sneaker, Nobull Drops a Floral Collection + More News ONeals stake is estimated at 2-4%, whom he bought in 2013. 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. Sacramento is home to just the Kings, one of the top professional sports leagues in North America. Watch this video ( at the 37:46 mark ), as he talks about the fact he owns JC Penney and Forever 21. American fast-food restaurant franchise Five Guys offers a variety of French fries and hamburgers. For example, Michael Jordan and Kobe Bryant both have net worths of over $1 billion. So, how rich is Shaq, really? How Michael Wilbon Earns Top Dollar and Deserves Every Penny! The star reportedly takes in around $60 million per year from endorsements and his various business endeavors, although the exact percentage breakdown split by each of the aforementioned businesses that he's invested in hasn't ever been disclosed. But the former athlete is also an avid businessman, working behind the scenes on some of the biggest retail deals of 2021. We bring people together, change perceptions, and inspire actions that impact culture for good. How Many Franchises Does Shaq Own? Shaquille ONeal is one of the most well-known names in NBA history. According to the facts, Shaq owns 50 distinct brands, which he also revealed himself. 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. Five Guys Enterprises LLC (doing business as Five Guys Burgers and Fries) is an American fast-casual restaurant franchise based in Lorton, Virginia, an unincorporated section of Fairfax County. How Shaquille O'Neal Became the Second Largest Investor in the Company Shaq is the majority owner of the restaurant that was founded in 2018. In one of his recent tweets, Shaq revealed he has now acquired some of the most popular retail brands in the market. These brands include some in the tech space, others in fitness and lifestyle niches. based on fast foods, for instance, the Five Guys and the Big Chicken restaurants, while others deal with fashion, fitness, and car washes. His business portfolio is nothing less than the work of a financial genius. It is reasonable to expect that Shaq will open more sites given his contract with Papa Johns, which includes a $11 million compensation plan. As the business grew and achieved greater success, Shaq continued to put more money into it. Although the father of five and stepfather of one did not clarify what percentage of these brands he owned or whether he'd bought outright, he went on to explain that owning brands is his main business. What Is Shaq's Net Worth? (Updated 2023) - The Cold Wire Me!. Taking a page from Warren Buffetts book, Shaq also wouldnt invest in cryptocurrency because he said he didnt understand it.. That reveals a careful side of him. Here are all the details. 2023 Fairchild Publishing, LLC. And then one day I wasnt even thinking about it and he said, I got a big surprise for you. Six years later, these bets appear to have paid off. 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. The latter allowed him to cross over mainstream TV and movies seamlessly. Despite owning lucrative and expensive houses, they also own the most expensive cars, like Cristiano Ronaldo's Ferrari Monza. Currently, there are more than 1,300 Krispy Kreme locations worldwide, and more will open as a result of Shaqs involvement. Siminoff revamped the business after appearing on Shark Tank, and it saw a $5 million increase in sales. Adidas acquired Reebok in 2006 for $3.8 billion and laid out a turnaround plan for the brand in 2016. Then you may alsolike our other basketball FAQ articles here. Shaquille O'Neal Is a Partial Owner of Reebok, Forever 21, JCPenney - Footwear News. Dec 2, 2021 4:55PM EST How Shaquille O'Neal Became the Second Largest Investor in the Company That Owns Reebok, JCPenney and Forever 21 By Shoshy Ciment @Shoshanaciment CREDIT: JENNA GREENE. I never even heard of esports. How much is Shaquille ONeals net worth? Your email address will not be published. What companies does Shaq own? Find out all the information here ABG was awarded Company of the Year at the annual FN Achievement Awards in New York on Tuesday. Woodhouse said the team plans to work with ONeal to offer more retro styles from his Reebok line to a new generation of consumers. Lyft would eventually be valued at $23.4 billion when the company went public in 2019. The first step was when the business acquired the rights to 50 percent of Shaqs name brand. That also made him fun and personable, which undoubtedly contributes to him being a good businessman. Who owns Forever 21? Shaq continued. ! wrote one Instagram user. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Im going to send you something. Dont look at it, just sign it. So I signed it. ONeals assessed total assets is $400 million, as per NBC Sports. You are warned: This list may need updating every month! Witnessing Lebron Dominate In Africa: The King Continues To Rise. Shaq has invested in 24-Hour Fitness, a global operator of wellness clubs. Through this partnership, he launched a series of sneakers, including the popular Reebok Shaq Attaq. ONeal acquired the fabled Krispy Kreme shop at 295 Ponce de Leon Avenue in Atlanta in late 2016. Shaquille O'Neal just revealed he owns Forever 21, Elvis - Upworthy The company was founded in 1984 and has grown to become one of the largest retailers in the United States. So, when I was retiring, Im looking around, Im like How does Michael Jackson and all these guys live forever? So, one of the chapters in the book, joint venture-ship. Does Shaq Own Reebok, JCPenney, Forever 21, and Barneys New York Your email address will not be published. His most valuable asset is likely his stake in the Papa Johns Pizza chain. Only Michael Jordan, Magic Johnson, Junior Bridgeman, and Lebron James, who has a net worth of $1 billion, are among the top five NBA players in terms of wealth. 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. Shaqs net worth in 2021 is estimated to be as high as $400 million, according to AfroTech. As a longtime partner of Reebok and an owner of ABG, its a dream come true to welcome this legendary brand to the family, ONeal said in a statement. Does Shaq Own JCPenney and Forever 21? 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. Shaquille ONeal is one of the most well-known names in NBA history. Since retiring from professional basketball, Shaquille ONeal has made so much dough that hes now worth a reported $400 million. According to NBC Sports, Shaq is worth an estimated $400 million and is the joint owner of several Auntie Annie's Pretzels restaurants,. 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. After all, he turned down a deal with Starbucks since he felt black people couldnt relate to it. 9. You Might Like: How Much Does a Jamba Juice Cost to Open? A few rented divisions, like Seattles Best Coffee, optical facilities, and photography studios, are much of the time found in JCPenney stores. Does Shaq Own Five Guys? - CLJ - Community Literacy The Roots Unveil Their Jaw-Dropping Tonight Show Salary - You Won't Believe How Much They Earn! When it comes to coaching youth basketball, there are many different philosophies on the best way to play defense. 2010-2018 Mobile Cuisine, LLC - All rights reserved. Hoops Addict was created to help basketball fans of all ages learn more about the sport and find the best basketball gear to improve their ability to hoop. JCPenney has significant Fine Jewelry segments, The Salon by InStyle, and Sephora within it, as well as offering customary items. 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. Although they are only sometimes considered franchises, these car washes are profitable and serve the legendary basketballer well. During his time at ABG, ONeal has played a role in many investments. Footwear News is a part of Penske Media Corporation. 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. 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. Shaq belongs to this elite group of multi-million NBA players. The project cost was estimated to be $7 million, and it had a 40-foot 3D digital screen. Shaq was a part-owner of the Sacramento Kings. Please fill out this field with valid email address. This investment led to significant returns for the investor. I knew it then, I know it now: esports is still one of the fastest-growing industries and it just appeals to so many people.". The former basketballer is the second-highest shareholder of the Authentic Brands Group, which owns JCPenney. Does Shaquille o Neal own JCPenney? 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? While emulating Bezos was truly brilliant, Shaq also incorporated his own style into his ventures. O'Neal who following a very successful basketball career made a name for himself by bagging a seemingly endless list of endorsement deals from brands such as The General, Gold Bond, Icy Hot, Buick, etc. Shaq owns Forever 21, JCPenney, Elvis Presley, Marilyn Monroe, and others. ONeal has owned shares in ABG since 2015, when he sold the rights to his name brand to the company. Shaq owns a chain of restaurants, movie theatres, retail malls, car washes, fitness centres, and nightclubs with numerous brands. O'Neal continued. It has no need for a massive corporate headquarters campus. See a trend here? 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. 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. When his endeavors took him out of that zone, he said he should feel a personal connection with the product to start investing. Salter spent four years as Ride's CEO, leading it through an initial public offering on Nasdaq, before stepping down in 1996,. Although he told CNBC that he has since sold his stake, he did admit that the burger business had been "very good" to him. 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. 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. According to ONeal himself, he owns 50 different brands. What Companies Does Unilever Own In 2023 DATAROMA, What Companies Does Dodge Own In 2023 DATAROMA, Bill Gates Portfolio 2023 Stock Holdings- DATAROMA, Dexcom Stock Split in 2023 [What You Should Know].