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.Dec 2, 2021 . NBA legend Shaquille O'Neal recently blew the internet away with a small sneak peek of his extensive financial portfolio. Shaq had made his significant investmentbuying Google stocksbefore bidding farewell to the courts, though. Although he told CNBC that he has since sold his stake, he did admit that the burger business had been "very good" to him. C. Penney Company, Inc (carrying on with work as JCPenney and truncated JCP) is a midscale American retail chain organization with 689 locales in 49 states and Puerto Rico. He also works as a DJ under the name DJ Diesel, is a minority owner in the NBA's Sacremento Kings, works as a presenter for TNT and in early 2021 launched an Agency named Majority. Shaquille O'Neal Net Worth Now it's great that Shaq owns a lot of franchises and other businesses. What does Shaq own Forever 21? These franchises significantly contribute to his extensive net worth. Unraveling the Financial Success of Chris Samuels: His Remarkable Net Worth. The former basketballer is the second-highest shareholder of the Authentic Brands Group, which owns JCPenney. Reebok Reimagines Beloved Classic Leather Trail with Help from Los Angeles Streetwear Brand Pleasures He founded his own snowboard maker, Ride Snowboards, in 1992. JCPenney is an American department store chain with over 1,000 locations in the United States and Puerto Rico. All rights reserved. (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? Now, with the news of the brands sale to Authentic Brands Group (ABG), the former NBA athlete is one step closer to that dream. As the business grew and achieved greater success, Shaq continued to put more money into it. Shaq has invested in 24-Hour Fitness, a global operator of wellness clubs. However, he is the second-highest individual shareholder of Authentic Brands Group, a brand development, marketing, and entertainment firm. There are 300 fitness centres in 11 states, and at least 40 belong to Shaq, each with an original design. Although Shaq has invested in a number of businesses, he does not currently own any of the major retail brands. Under new ownership, JCPenney is no longer a publicly-traded company. Other notable investments of Shaq are Lyft, Vitaminwater, and Ring. And like Shaq the player, good luck stopping Shaq, the business mogul. This investment makes ONeal second in command regarding ownership of the brands mentioned above. 2023 Fairchild Publishing, LLC. On Thursday, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York and J.C. Penney, entered into an agreement to buy the Reebok brand from Adidas. According to recent estimates, Shaquille ONeals net worth is upwards of $400 million. The multinational pizza business was founded in 1984 by John Schnatter, and in 2019, Shaq became its new brand ambassador, investor, and owner. According to different sources, Shaq's net worth varies widely. One of the wisest investors out there! expressed a third. With all these things considered, there are endeavors he wont touch with a ten foot pole. In short, Shaq became famous because he is utterly good at basketball and has a larger-than-life personality. ), Auntie Annes Pretzel 17 restaurants (Recently sold), Five Guys Burgers (Sold) 155 restaurants. Forever 21 is one of several brands owned by Authentic Brands, which is in a 50-50 partnership with Simon called Sparc Group. Shaq is an investor in the Papa Johns Pizza chain, an online ticketing platform called Game Plan, and a mobile gaming platform called Skillz. Here are all the details. Witnessing Lebron Dominate In Africa: The King Continues To Rise. 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. Shaquille ONeal, a basketball legend and sports broadcaster, owns a portion of the Krispy Kreme franchise. 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. He also owns 24-Hour fitness gyms, car washes, movie theatres, nightclubs, and shopping malls. Cover photo by Keith Allisonis licensed under CC BY 2.0 / modified from original. Read and find out. In 2014, Shaq disclosed that in 2004, he had put $1 million into each of Google and Apple. The company's low pricing on products and humble shopping environment is what attract buyers from all over the world. Who owns Elvis Presley? O'Neal is reportedly the second highest individual shareholder of the Authentic Brands Group. In 2013, Shaq made his first investment in Lyft when it was still a startup. He is invested in brands such as the Authentic Brands Group, including Barneys New York, Forever 21, Reebok, and JCPenney, all contributing to his net worth. Does Shaq own JCPenney? Who owns Forever 21? Forever 21 is a powerful and famous retailer brand with an excellent consumer reach and has a wealth of good potential. He recently invested in an artificial intelligence startup and is looking to expand his portfolio into the technology space. Wrapping Things Up: What Companies Does Shaq Own? He is presently involved in several food franchises likeKrispy Kreme, Papa Johns, and Auntie Annes Pretzels. It feels like bragging." Who owns Forever 21? Shaq continued. like our other basketball FAQ articles here, What are Different Types of Shooting in Basketball. When ONeal called it quits in 2011, his ventures outside of basketball grew bigger and bigger until he practically had a business empire of his own. But has doing so helped Shaq's net worth? She Looks Just Like Her Mama But Plays Like Her Father: A Video of Shaquille ONeals and Shaunie Hendersons 6-Foot-3 Daughter Has Fans Doing a Double Take, A Woman That Can Make Shaq Look Like the Average Height: A Photo of Shaquille ONeal and 6-Foot-3 Angel Reese Has Fans Pointing Out How She Makes Him Look Normal In Size, Your Classmates Was Gonna Figure it Out: Shaquille ONeals 6-Foot-10 Son Shareef Says He Hid His Fathers Identity Until He Was Outed at a Basketball Game, Fans Are In Disbelief. He owns several 24-Hour Fitness centers and was a minority owner of the Sacramento Kings. Shaq really ahead of the game when it comes to business! Woodhouse said the team plans to work with ONeal to offer more retro styles from his Reebok line to a new generation of consumers. In short, Shaq became famous because he is utterly. Shaq likewise possesses the Big Chicken cheap food chain in Las Vegas, just as different Krispy Kreme establishment cafeterias in Atlanta and his own eatery, Shaquille. Does Shaq own Walmart? How much do celebrities get paid for commercials? 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. Looking at the 4x champ's investment portfolio. He revealed his plans back in 2021 to invest in Bare Knuckle FC, although he still has to give his official word on it. ONeal invested in nine restaurants in the Atlanta region when he first joined the board of directors of Papa Johns in early 2019. The 49-year-old revealed during a recent appearance on the financial literacy podcast Earn Your Leisurewith financial advisor Rashad Bilal and educator Troy Millings that his business dealings involve a lot more than making commercials. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Shaq bought a share of Rings equity in 2016 and he later joined the companys marketing strategy as a brand ambassador. In June 2019, amid rumors of Adidas plans to divest the Reebok brand, ONeal said that he felt that Adidas had diluted [the brand] so much to where its almost gone., If they dont want it, let me have it, ONeal told CNBC at a Carnival Cruise event at the time. Since then, the company has grown to include over 1,500 stores in both domestic and foreign markets. ABG did not have an update regarding which company will license footwear and apparel for Reebok, though Woodhouse said there was definite interest. O'Neal has owned shares in ABG since 2015, when he sold the rights to his name brand to the company. He never said no. WordPress.com VIP. Armani, Azzedine Alaa, Comme des Garons, Christian Louboutin, and Ermenegildo Zegna were among the prominent luxury labels brought to the US market. 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? 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. Do you think I trust you? And I said, I hope so. He says, Why wouldnt I be partners with you. Over the years, Shaquille O'Neal has stacked up many successful businesses and made smart investments that have led to his $400 million net worth . Required fields are marked *. Shaq owns 50 brands in different industries, not to mention dozens of other companies he endorses. He has also appeared in numerous films, television shows, and commercials. Shaq joined shortly there after with a 2016 investment in the business. The group own 37.5 percent of Forever 21 alongside the Simon Property Group . Im Kieran Walker, and Im a Celebrity and Financial Expert. I live in Monaco, and I love helping people make the most of their money. Shaq owns several movie theatres located all over the United States of America. How Many Franchises Does Shaq Own? "As soon as I turn the corner, it's screaming kids, watching some other kids play video games. 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. He released a range of sneakers as a result of this cooperation, including the well-known Reebok Shaq Attaq. There are more than 4,700 Papa Johns restaurants in existence today. Numerous businesses, including Coca-Cola, Red Bull, and Intel, support eSports competitions. Really grateful for the opportunity to interview him and write this story.My latest for @FOS https://t.co/Ni5TyidWLY, "One day I had the children and my boys said, 'Dad, take us to the Staples Center!'" The American chain of doughnut shops Krispy Kreme was established in 1937. If youre the smartest guy in the room, theres a problem. He also said that Everybody in this room is already a CEO. eSports is a competitive video game platform that has recently gained popularity. In recent years, ONeal has vocalized his desire to purchase Reebok through his partnership with ABG. First and foremost, he was a great basketball player. Shaq owns part of The General, Gold Bond, Icy Hot, Buick, Marilyn Monroe, Elvis Presley, Forever 21, JCPenney, Auntie Annie's Pretzels.He also works as a DJ under the name DJ Diesel, is a minority owner in the NBA's Sacremento Kings, works as a presenter for TNT and in early 2021 launched an Agency named Majority. Sparc can also license Aeropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica, and it recently became the core licensee and operating partner for Reebok in the U.S. More on this: Want to read more articles like this one? The renowned entrepreneur has also ventured into the entertainment industry, appearing in numerous films and television shows. .@SHAQ is a business legend. 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. The novelty of owning a Shaquille O'Neal rap album is what pulled in many of the sales, along with the comically cheesy music videos. Big Diesel owns numerous companies and brands, and his business portfolio indicates he is a financial genius. Six years later, these bets appear to have paid off. centres investors. Shaq does not own JCPenney or Forever 21. Celebrity Net Worth estimates his net worth at $400 million in 2023, while Forbes estimated it to be $350 million in 2021. If someone says, would you stand in front of a freight train for Shaquille ONeal, the answer is yes because hes a real partner, Salter said. The National Basketball Association (NBA) is one of the most popular and successful professional sports leagues in the world, with a rich history dating back to its founding in 1946. This campaign led to the development of his clothing line with JCPenney called Shaquille ONeal XLG. The line launched in 2018 as a menswear brand for big and tall men. and added it to the long list of his assets. However, O'Neal has also become a renowned businessman with multiple. Heres a snapshot of Shaqs franchises, his total number of stores, and Shaqs other business interests we havent mentioned yet. So, I took half that money, put it back in the company, now I'm the number two guy in the company." Open an Account Today Franchise King At one point, Shaq owned 155 Five Guys restaurants - equivalent to 10% of the company's entire franchise portfolio. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. Does Shaq own JCPenney and Forever 21? Im going to send you something. "I make investments, not for the monetary reasons, but if it's going to change people's lives and if I see people enjoy doing it," he said. On Thursday, the company behind dozens of brand and retailer acquisitions, including Forever. As mentioned earlier, Shaq has experience owning several food franchises. Shaq rose to the position of second-largest stakeholder in the company as a result of this move. Moreover, Shaq also dabbled in tech (Apple, Google, Loyal3) and real estate. However, being the face of brands isnt the only thing Shaq has done in his career because whats a businessman if you dont own a few businesses. ONeal has owned shares in Authentic Brands Group since 2015. According to the facts, Shaq owns 50 distinct brands, which he also revealed himself. His business portfolio is nothing less than the work of a financial genius. ? We'll answer this question and provide an overview of Shaq's other investments, such as his ownership stake in Walmart, Krispy Kreme, JC Penney, Forever 21 and Papa John's. 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. Then you may alsolike our other basketball FAQ articles here. 2023 Fairchild Publishing, LLC. one Krispy Kreme JCPenney has significant Fine Jewelry segments, The Salon by InStyle, and Sephora within it, as well as offering customary items. Coca-Cola purchased the brand name in 2007 after it had been developed in 1996. This company is responsible for many brand and retailer acquisitions, including Forever 21, Reebok, Barneys New York and JCPenney. Does Shaquille O'Neal own JCPenney? So, how rich is Shaq, really? The four-time former NBA champion is among. Shaquille ONeal once had his sights set on owning Reebok. ONeal claims what could be compared to 89,723 Papa Johns portions, as per a structure he recorded with the Securities and Exchange Commission, including 87,136 unvested confined stock units, or RSUs, procured through his underwriting plan. ONeal is reportedly the second highest individual shareholder of the Authentic Brands Group. Shaq also has interests in Google Inc AKA Alphabet. ! wrote one Instagram user. Its clear Shaquille ONeal is heavily invested in JCPenney and Authentic Brands Group. He almost always stayed true to himself and stayed within his comfort zone. 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. 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"My real business is I own 50 brands," O'Neal explained. He said, Congratulations, my friend, we own Reebok. And it was one of the best days in my life., Footwear News is a part of Penske Media Corporation. Who owns Marilyn Monroe, the former basketball star asked the two hosts. Shaquille ONeal is a well-known NBA legend and one of the most famous athletes in the world. ONeals own history with Reebok began in 1992, when he signed a multiyear year deal with the brand worth $15 million. Soft pretzels that are freshly baked and sensually aromatic are Auntie Annes specialty. Is Shaquille ONeal the owner of Papa Johns Pizza? Shaquille ONeal, also known as Shaq, is a retired NBA player and businessman. (The Good and Bad). It is reasonable to expect that Shaq will open more sites given his contract with Papa Johns, which includes a $11 million compensation plan. Since its founding in 1988, Auntie Annes has expanded to approximately 2,000 locations in malls and major transportation hubs (such as airports and railway stations) all over the world. Salter spent four years as Ride's CEO, leading it through an initial public offering on Nasdaq, before stepping down in 1996,. if it's going to change people's lives and if I see people enjoy doing it." "I put money back in the company, and now I own all those other brands, so if Shaq ever goes away, sh-t, we still got Elvis," he said. What is the Best Zone Defense for Youth Basketball. As of 2021, Shaq's net worth is somewhere around $400 million, per NBC Sports. So, one of the chapters in the book, joint venture-ship. But getting those points is more complex than it seems. You could find Shaq in movies like Kazaam in addition to video games. But did you know that Shaq has evolved into successful entrepreneur post NBA? When did JCPenney go out of business? 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.". He is also a partner in the ownership group of the Sacramento Kings. In 2008, Shaq bought a Five Guys restaurant in Atlanta, which was the beginning of his involvement with the company. As I mentioned earlier, Shaq has invested in Apple, PepsiCo, and General Electric. 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. Based in San Francisco, California, Lyft is an American transportation service startup that operates in 640 American cities as well as 9 Canadian cities. You would like his business strategy because hes never afraid of anything, unless, of course, he doesnt like the product or could not understand it. Not surprising, the phones been ringing off the hook for us, he said. Who owns JCPenney and Forever 21? As per the report, he claims 155 Five Guys Burgers areas, 17 Auntie Annies Pretzels areas, 150 vehicle washes, 40 24-hour wellness focuses, a shopping center, a cinema, and numerous Las Vegas clubs. In one of his recent tweets, Shaq revealed he has now acquired some of the most popular retail brands in the market. The fast-food restaurant chain was founded in 1988 as a family business selling baked pretzels.
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