Shaquille O'Neal is worth $400 million as of 2021. Celebrity Net Worth says that the legendary athlete-turned-sportscaster earns $60 million each year in residuals, endorsement agreements, and NBA analyst assignments. The website also reports that Shaq has $100 million to $150 million in debt.
When Shaq first entered the NBA, he was already a wealthy man. He earned $77,000 per season at his peak and was given an ownership share in his team, the Miami Heat, which was then valued at $11.5 million.
However, things started going downhill for Shaq after he moved into television. His first network contract was with NBC Sports where he made $12 million over three years. This was followed by three more lucrative contracts with Universal Music, Sprite, and Nike, each of which paid him approximately $50 million.
In addition to being a basketball player, Shaq was a successful model before becoming an actor. He appeared in several movies including Rookie of the Year and Big Daddy before becoming a television star. In fact, he's still working as an announcer for ESPN despite having retired in 2011.
Since retiring, Shaq has worked as an ambassador for Gatorade and Coca-Cola and appears in advertising campaigns for both companies.
Shaquille O'Neal's net worth is estimated to be $400 million as of 2021, making him one of the world's richest sportsmen.
|Net Worth:||$400 Million|
|Born:||March 6, 1972|
|Country of Origin:||United States of America|
|Source of Wealth:||Professional NBA Player|
O'Neal has also played professional basketball alongside Koby Bryant for many years. As of 2021, Shaquille O'Neal's net worth is expected to be over $400 million USD. "God's way of saying nobody's perfect is for me to shoot 40 percent from the foul line."
Shaquille O'Neal is a former basketball player from Newark, New Jersey. O'Neal went on to become one of the finest centers in NBA history. O'Neal has also played professional basketball alongside Koby Bryant for many years. Shaquille O'Neal's net worth is expected to reach at $400 million by 2020.
Shaquille O'Neal Net Worth 2020: How much did his NBA contracts pay him? Shaq now has an estimated net worth of $400 million, making him one of the world's wealthiest athletes. After a failed career with the Miami Heat and Los Angeles Lakers, Shaq joined Chinese team Guangdong Southern Leopards where he currently plays.
Shaq first became famous for being part of the legendary "Miami Heat" team that won the NBA Championship in 2006. In 2012, he returned to the NBA when he signed with the Los Angeles Lakers. During his second stint with the Lakers, he won another NBA Championship in 2015. After his retirement in 2016, he was hired by the Guangdong Southern Leopards as their head coach.
In 2017, Shaq was ranked number one on the list of the top money-making sports players. His average salary per season during his NBA career was $20 million. Combined, he has earned over $500 million during his playing career.
After retiring from basketball, Shaq got involved in business investments and modeling. He also enjoys golf, cars, and cooking. His wife Shaniqua and two children remain at the center of his life.
Shaq was drafted by the Miami Heat in the first round of the 1994 NBA Draft.
What is Shaq's net worth, and how does he spend it? O'Neal has used his entrepreneurial skills and popularity to launch a number of businesses. The NBA player has a net worth of around $400 million, making him one of the world's wealthiest sportsmen, according to Wealthy Gorilla.
Shaq's net worth skyrocketed in 2001 when he was named the highest-paid athlete in the NFL. At that time, he was earning $19 million per year, which made him only able to afford a $20 million home in Sunrise, Florida. In addition to his salary from the Miami Heat, Shaquille O'Neal earned even more through advertising and sponsorship deals. He also owns several restaurants across the country and has invested in real estate.
In 2007, Shaq filed for bankruptcy after spending nearly $100 million on homes and cars. At the time, he said that he had about $80 million in debts.
Since then, he has been trying to get back on track and has stopped filing tax returns. In 2009, he owed $750,000 in taxes.
Overall, Shaq's net worth ranges between $400 and $500 million.
He began investing while still playing in the NBA.