NBA legend Shaquille O’Neal is instilling in his children the importance of self-reliance and entrepreneurship.
What Happened: O’Neal, who has a net worth of approximately $500 million, has made successful investments in real estate, technology, and entertainment.
He owns 155 Five Guys restaurants and nine Papa John’s franchises in Atlanta. Despite his wealth, the former LA Lakers player insists his children create a business plan before he considers giving them any money.
In a 2021 interview O’Neal stated, “My kids are older now. They kinda upset with me – not really upset – but they don’t understand. Because I tell them all the time. We ain’t rich. I’m rich. You’ve got to have Bachelor’s or Master’s degrees and then if you want me to invest in one of your companies, you’re going to have to present it. Bring it to me, I’ll let you know. I’m not giving you nothing."
O’Neal, a father of six, emphasizes the importance of education and self-reliance. He hopes his children will become ...