Shaquille O’Neal Net Worth (Updates 2022), Biography | Family | Career and more
What is Shaquille O’Neal’s Net Worth (Updates 2022)?
Shaquille O’Neal is a former basketball player in the United States who is now an entrepreneur, television host, and product endorser. Shaquille O’Neal has a net worth of $400 million as of this writing. During his NBA career, Shaq earned a total salary of $292 million. During the same time period, he amassed a fortune in endorsement fees totaling well over $200 million. Despite having been retired for many years, Shaq still earns around $60 million per year from endorsements and other business ventures.
Shaquille O’Neal’s Biography
Shaquille O’Neal was born on March 6, 1972, in Los Angeles, California. Shaquille O’Neal was born in the New Jersey city of Newark. The New Jersey Nets have never had Shaquille O’Neal on their roster. Shaquille O’Neal had a difficult childhood. He was confronted with one challenge after another. He was born into a drug-addicted family. At the same time, his father was a drug addict who spent time in jail. Shaquille O’Neal grew up without a father and was raised by his single mother.
Orlando Magic signed Shaquille O’Neal. He received a rookie contract. He was so good in his rookie season that he was named Rookie of the Year. After the first year, the Orlando Magic offered him a three-year, $15 million contract. That means Shaquille O’Neal earned $5 million per year.
|Full Name||Shaquille Rashaun O’Neal|
|Birth Place:||Newark, New Jersey, United States|
|Date Of Birth/Birthday:||6 March 1972|
|Age:||50 years old|
|Height/How Tall:||In Centimetres – 216 cm
In Feet and Inches – 7′ 1″
|Weight:||In Kilograms – 147 Kg
In Pounds – 325 lbs
|Eye Colour:||Dark brown|
|Education:||Barry University, University of Phoenix, Louisiana State University, Robert G. Cole Junior-Senior High School, Syracuse University, New York Film Academy|
|Social media Accounts:||Instagram, Facebook, Twitter, and YouTube|
|Children:||Shareef O’Neal, Shaqir O’Neal, Taahirah O’Neal, Myles B. O’Neal, Me’arah O’Neal, Amirah O’Neal|
|Profession:||American former professional basketball player|
|Net Worth:||$450 Million|
Shaq stands an incredible 7 feet 1 inch tall and wears a size 23 shoe. He rose to prominence primarily as a result of his physical stature, which gave him a distinct advantage over his opponents. Shaq’s overwhelmingly powerful dunks broke the steel backboard supports of the net on two occasions during his early NBA career. This prompted the league to strengthen and stabilize the backboards going forward. O’Neal is well-known for his “drop step” move, which he dubbed the Black Tornado.
Key Facts About Shaquille O’Neal
- Shaquille O’Neal’s professional career began in college. He was, however, a basketball player prior to that. He attended LSU (Louisiana State University) and was drafted by the Orlando Magic in 1992.
- While Shaquille O’Neal dropped out of school to pursue a career in sports, he eventually finished his degree and graduated from LSU.
- During his time with the Orlando Magic, O’Neal won Rookie of the Year two years in a row (1992 and 1993).
- He joined the Los Angeles Lakers in 1996 and remained with them until 2004. He led the Los Angeles Lakers to three consecutive championships as a player, in 2000, 2001, and 2002.
- He left the Lakers due to tensions with another NBA star, Kobe Bryant, and went on to play for the Miami Heat, Phoenix Suns, Cleveland Cavaliers, and Boston Celtics.
- Shaquille O’Neal retired from the NBA in 2011.
- Aside from basketball, Shaquille O’Neal dabbled in music (releasing four rap albums and a few singles) and acting (he played in a few feature films, including Kazaam and Steel). He also played himself in the 2014 Lego Movie.
On March 6, 1972, Shaquille O’Neal was born in Newark, New Jersey. When O’Neal was an infant, his biological father struggled with drug addiction and was imprisoned for drug possession. They never dated, and his father gave up parental rights to O’Neal’s stepfather.
O’Neal found refuge at the Boys and Girls Club in Newark. He didn’t play on a team, but he did shoot hoops in the open space. His stepfather, on the other hand, was in the military, and the family was soon transferred to bases in Germany and Texas.
O’Neil led his high school team to a 68-1 record over two years, as well as a state championship in his senior year. He went on to play for the Louisiana State University team after high school, where he was a two-time All-American, two-time SEC Player of the Year, and other honors.
Shaquille O’Neal Relationship & More
|Spouse||Shaunie O’Neal (m. 2002–2011)|
|Divorce||Shaunie O’Neal (m. 2002–2011)|
|Children||Shareef O’Neal, Shaqir O’Neal, Taahirah O’Neal, Myles B. O’Neal, Me’arah O’Neal, Amirah O’Neal|
|Parents:||Joseph Toney, Phillip A. Harrison, Lucille O’Neal|
|Siblings||Jamal O’Neal, Ayesha O’Neal, Lateefah O’Neal|
O’Neal was drafted first overall by the Orlando Magic in 1992. A year later, he was named Rookie of the Year and voted an All-Star starter, a feat not accomplished since Michael Jordan. Shaq helped the Magic reach their first playoff series in his second season. The following year, they reached the finals but were defeated by the Houston Rockets.
O’Neal was injured for much of the 1995-96 season, but the Orlando Magic still finished with a winning record. O’Neal and the Magic won the first two rounds of the playoffs that year, but were eventually defeated by Michael Jordan’s Chicago Bulls.
O’Neal was a member of the men’s Olympic basketball team in Atlanta in 1996. That team went on to win the gold medal at the Olympics. As tensions rose among his coach, teammates, and the local Orlando media during the Olympics, O’Neal announced his intention to join the Los Angeles Lakers. O’Neal was offered a seven-year, $121 million contract by the Lakers.
This move paired O’Neal with a young Kobe Bryant, bringing together two of the game’s biggest names on one team. While his first few years with the Lakers were promising, they were unable to win a championship. O’Neal battled injuries and personnel changes until a change in leadership changed everything.
The arrival of former Chicago Bulls coach Phil Jackson in the 1999-00 season set the Lakers on a path that would lead to them becoming a dominant force for many years. Jackson pushed O’Neal to play better defense. Shaquille and the Lakers won the NBA championship that year and went on to win it again the following two years.
In 2004, O’Neal was traded to the Miami Heat. The following year, Shaq agreed to a five-year, $100 million contract with the team. While he could have demanded more money, he stated that he was after another championship. The following year, the Heat defeated the Dallas Mavericks to win the team’s first championship and O’Neal’s fourth.
Beginning in 2008, O’Neal’s days of signing long-term contracts with teams were over. That year, he was traded to the Phoenix Suns, where he failed to make the playoffs for the first time since his rookie season. He was traded at the end of his first season with the team to help the team’s budget. More one-year stints would follow, including with the Cleveland Cavaliers (alongside LeBron James) and the Boston Celtics in his final season.
O’Neal was drafted first overall in the 1992 NBA draft by the Orlando Magic, and he was mentored by Magic Johnson before moving to Orlando. O’Neal made history by becoming the first player in NBA history to be named Player of the Week in his first week. He was a member of the Magic until the 1995 season, when he became a free agent.
He was named to the United States Olympic basketball team in 1996, which went on to win a gold medal. Following the Olympics, he signed a seven-year deal with the Los Angeles Lakers. O’Neil kept improving his stats while leading his team to championships.
O’Neal was injured frequently throughout his career, but his most crippling injury was degenerative arthritis in his toe. He underwent surgery in 2002 and missed the first 12 games of the 2002-2003 season. In 2003, the Lakers were seeded fifth and did not advance to the finals.
O’Neal’s final few seasons were spent on different teams. From 2004 to 2008, he was a member of the Miami Heat, where he set more career highs and suffered a few more injuries. He was traded to the Phoenix Suns for a season in 2008. From 2009 to 2010, he was with the Cleveland Cavaliers, and from 2010 to 2011, he was with the Boston Celtics, where he retired.
Shaquille O’Neal has a net worth of $400 million.
Here are some of Shaq’s career high points:
- NBA Champion (2000, 2001, 2002, 2006)
- NBA finals MVP (2000, 2001, 2002)
- 15 Time NBA All-Star
- NBA All-Rookie First Team (1993)
- Olympic Gold Medalist (1996)
Shaquille O’Neal Salary
What was Shaquille O’Neal’s highest pay? 27 million dollars
Salary by year and team:
- 1992-93 Orlando Magic $3,000,000
- 1993-94 Orlando Magic $3,900,000
- 1994-95 Orlando Magic $4,800,000
- 1995-96 Orlando Magic $5,700,000
- 1996-97 Los Angeles Lakers $10,714,000
- 1997-98 Los Angeles Lakers $12,857,143
- 1998-99 Los Angeles Lakers $15,000,000
- 1999-00 Los Angeles Lakers $17,142,858
- 2000-01 Los Angeles Lakers $19,285,715
- 2001-02 Los Angeles Lakers $21,428,572
- 2002-03 Los Angeles Lakers $23,571,429
- 2003-04 Los Angeles Lakers $24,749,999
- 2004-05 Miami Heat $27,696,430
- 2005-06 Miami Heat $20,000,000
- 2006-07 Miami Heat $20,000,000
- 2007-08 Phoenix Suns $20,000,000
- 2008-09 Phoenix Suns $21,000,000
- 2009-10 Cleveland Cavaliers $20,000,000
- 2010-11 Boston Celtics $1,352,181
Total career NBA earnings = $292,198,327
Other Business and Media Ventures
Shaq was quickly becoming a huge star in the early 1990s, pursuing careers in both rap and film, appearing in films such as “Blue Chips” and “Kazamm.” He has also appeared in a number of other films and television shows as a guest star, including “Curb Your Enthusiasm” and “The Parkers.” “Shaq Diesel,” his first rap album, was released in 1993 and went platinum. Under the moniker DIESEL, he continues to DJ and produces music. Shaq has also appeared in a number of video games over the course of his career.
In addition, O’Neal has appeared in several reality shows and hosts his own podcast. Other media roles include being a frequent NBA game commentator and even a stint in professional wrestling.
O’Neal has been involved in the stock market and real estate since the 1990s. He is also interested in business. On March 22, 2019, it was announced that he would be joining the Papa Johns’s Board of Directors. Shaq will earn $8.25 million in salary and stock over three years with the job. He is also investing $840,000 of his own money to purchase a 30% stake in a 9-unit Papa Johns franchise in Atlanta.
Shaq paid $5 million for a 1% stake in the Sacramento Kings of the NBA in 2013. Shaq sold his team stake in August 2021 to become the primary endorser of an online gambling company called WynnBET. He sold his ownership stake in the Kings for $11 million.
Shaquille O’Neal is one of the few athletes who has fully embraced endorsements. As an instantly recognizable celebrity, he has been approached by a number of companies to serve as a spokesperson. Pepsi, Carnival Cruise Line, and Reebok are among his more well-known sponsors. A complete list of Shaq’s endorsement deals and commercial appearances would be impossible to compile.
Shaquille O’Neal also holds a doctorate in education, which is one of his many accomplishments. Following his master’s degree from the University of Phoenix, O’Neal enrolled in the program at Barry University, a private Catholic institution. The course, which was mostly completed online over a number of years, reflected O’Neal’s passion for education and his desire to continue challenging himself.
Shaq’s primary residence in recent years has been a massive 12-bedroom mansion in Orlando. The main house is 35,000 square feet in size and includes a 6,000 square-foot indoor basketball court, a 17-car garage, and a 10-foot privacy wall. Shaq bought the land for his home for $4 million in 1993 and proceeded to custom-build his dream mansion.
He first listed the house for sale in May 2018 for $28 million. In January 2019, he reduced the asking price to $22 million. It is part of the Isleworth Golf & Country Club gated community. Shaq reduced the asking price of the property to $19.5 million in September 2020. In January 2021, he finally accepted $16.5 million.
Shaq has a 15-acre property in suburban Atlanta that he purchased in 2017 for $1.15 million. In 2018, he paid $1.8 million for a home in Bell Canyon, a LA suburb. He listed this house for $2.5 million at the end of 2019.
Shaquille O’Neal has become one of the sports’ most well-known figures. He has broken and set numerous sports records and standards. His net worth is a result of his sports, television, music, and film careers, and it is steadily increasing.
Shaquille O’Neal has an estimated net worth of $400 million.
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