Shaquille O’Neal has shared some valuable investment advice that he learned from Amazon founder Jeff Bezos.
Shaquille O’Neal has shared some valuable investment advice that he learned from none other than business tycoon and Amazon founder Jeff Bezos. The NBA Hall of Famer shared some valuable insight into investment principles that Bezos gave to him, and also said that it is a piece of advice that has shaped his approach to business, and something he’s been following since.
Shaq was in attendance at the Etihad Arena in Abu Dhabi to watch the Atlanta Hawks go up against the Milwaukee Bucks on Sunday as he addressed the press. “I was at a tech conference in Vegas and I heard the great Jeff Bezos say ‘If you invest in things, it’s going to change people’s lives,’ you will definitely get a nice return,” he recalled, speaking to CNBC’s Hadley Gamble.
O’Neal added: “Never think about the monetary aspect … it’s not important to me. It’s basically based off one principle — belief. [Do] you believe in the product? Is it gonna change people’s lives? … That’s what it is about for me,” Bezos’ advice has certainly worked for Shaq so far, as the NBA legend has racked up a net worth of $400million because of his various investments.
Shaq has made several investments since hanging his boots up in 2011.
The NBA legend became the owner of 155 Five Guys hamburger establishments, which represented 10% of the total company. Though would later sell the franchises, O’Neal also owns 17 Auntie Anne’s Pretzels restaurants and has invested in nine Papa John’s restaurants.
In 2018, Shaq founded his Big Chicken brand of chicken sandwiches. With over 10 establishments in the city of Las Vegas, the businessman is looking to expand to other American cities such as Austin and Phoenix.
Besides his fast-food chain, he also putting his money into 150 car washes, 40 24-hour gyms and a movie theater in Newark.
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