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 . Car Washes Ive worked with some of the biggest names in the world when it comes to finance, and Im always looking for new ways to help people save money. This raises the total value of his investment to almost $6.5 million. 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. As sprawling as Shaqs success is as a player, he probably did more as a businessman. Who Owns JCPenney? - Glossyfied.com 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. JCPenney and Forever 21 are under the Authentic Brands Group together with other retail brands such as Reebok (which Shaq was a former endorser), and Barneys New York. This figure is largely due to his success as an investor, entrepreneur, and television personality. Since then, he has made numerous appearances in their ad campaigns. JCPenney and Forever 21 are included in Shaq's list of business interests. ' related Salter. Wrapping Things Up: What Companies Does Shaq Own? This can be attributed to the fact that Shaq is an athlete that spent 19 seasons as a professional athlete in the NBA. So, I called the three companies [seemingly Authentic brand group, Simon property group, and Brookfield property partners] that helped people live forever, and they bought my brand for a lot of money. ? What companies does Shaq own? Find out all the information here JCPenney and Forever 21 are under the Authentic Brands Group together with other retail brands such as Reebok (which Shaq was a former endorser), and Barneys New York. In all likelihood, the Big Diesel doesnt look like he is not slowing down anytime soon. These franchises significantly contribute to his extensive net worth. As a matter of fact, Shaquille O'Neal owns 50 different brands. People often wonder what companies Shaq own, and the list leaves them astonished. The Big Chicken franchise, owned by O'Neal, is a fast-food dining service that serves delicious chicken sandwiches in large portions and other side dishes. However, ONeal has also become a renowned businessman with multiple successful investments. WordPress.com VIP. Among his teammates, Shaq was both a kid and a cold-blooded killer. Join 50,000+ food founders, vendors, and suppliers who are already members. The company was founded in 1902 and is currently owned by an investment firm, Sycamore Partners. Did Shaquille O'Neal Go To Syracuse University? - PartyShopMaine Or so everyone thought. I called the three companies that helped people live forever, and they bought my brand for a lot of money. Six years later, these bets appear to have paid off. (Cost + Fees). Forever 21 is currently owned by Authentic Brands Group and Simon Property Group. Shaquille O'Neal Bragged About his $400 Million Net - EssentiallySports Jordan Poole: girlfriend Kim Cruz, stats, contract, age, net worth. He also appears as an endorser to around 50 other companies. .@SHAQ is a business legend. Please logout and login again. READ ALSO: Top 10 football stars with the most expensive car collections. Shaq does not own JCPenney or Forever 21. Shaq said, My skill is, if something comes across my desk, and I dont believe in it, I wont even look at it. Please fill out this field with valid email address. 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. Is Shaquille ONeal The Owner of JCPenney and Forever 21? According to different sources, Shaq's net worth varies widely. Sharing some takeaways from his interview with the Earn Your Leisure podcast, Shaq said in reference to some guys he talked to about Google back in 2004, Its always important to have somebody smarter than you, that works for you. 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. Shaq's Business Empire: Everything We Know | Money Shaq belongs to a group that owns about 5% of the team. Who owns Elvis Presley? Thats right. ONeal has owned shares in ABG since 2015, when he sold the rights to his name brand to the company. American fast-food restaurant franchise Five Guys offers a variety of French fries and hamburgers. He released a range of sneakers as a result of this cooperation, including the well-known Reebok Shaq Attaq. Lyft would eventually be valued at $23.4 billion when the company went public in 2019. Forever 21 is one of several brands owned by Authentic Brands, which is in a 50-50 partnership with Simon called Sparc Group. Although Shaq has invested in a number of businesses, he does not currently own any of the major retail brands. ONeals stake is estimated at 2-4%, whom he bought in 2013. While emulating Bezos was truly brilliant, Shaq also incorporated his own style into his ventures. Who owns Forever 21? Shaq continued. 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? based on fast foods, for instance, the Five Guys and the Big Chicken restaurants, while others deal with fashion, fitness, and car washes. O'Neal has owned shares in ABG since 2015, when he sold the rights to his name brand to the company. Then you may alsolike our other basketball FAQ articles here. "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.". How Many Total Businesses? 2023 Fairchild Publishing, LLC. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Shaq belongs to this elite group of multi-million NBA players. Shaq is also looking to expand his investment in the Papa Johns Pizza chain. And then one day I wasnt even thinking about it and he said, I got a big surprise for you. The four-time NBA champion claimed that Wheaties, a competitor of Frosted Flakes, had approached him about becoming the face of the brand, but he had declined since he favored the latter; he would, later on, be seen on Wheaties cereal boxes. Shaq does in fact own a certain percentage of Elvis' trademark royalties, but it's not clear how much Credit: Getty. Here is the ever-growing list of businesses under Shaqs empire. The same year, Siminoff and Doorbot appeared on a Shark Tank episode to ask for a $700,000 investment in the business, which he estimated to be worth $7 million. The company's low pricing on products and humble shopping environment is what attract buyers from all over the world. Based in San Francisco, California, Lyft is an American transportation service startup that operates in 640 American cities as well as 9 Canadian cities. Shaquille ONeal: The Surprising Owner of Marilyn Monroes Legacy, Investing in a Rolex Wimbledon: A Guide to Making a Smart Decision. You dont have to own a business to be a CEO, being a CEO is a mentality. The Big Diesel then made the decision to immediately reinvest the proceeds of that deal in Authentic Brands Group. I want to bring [Reebok] back to basketball and to fitness., According to ABG president and CMO Nick Woodhouse, ONeal was a crucial part of helping push ABG through the acquisition process. Most of these players take home huge sums as salaries every week, evident by their luxurious lifestyles. > Whats the Average Retirement Age for NBA Players? This is what growth looks like https://t.co/2xtdAyZW48. Not surprising, the phones been ringing off the hook for us, he said. Though not comparable to his food franchises, the 4x NBA champ has also dabbled in fitness centers. NRG eSports was created in 2015. Shaquille O'Neal Net Worth Now it's great that Shaq owns a lot of franchises and other businesses. With Reebok now under the ABG umbrella, ONeal is a partial owner of Reebok, along with the other brands in the. ONeal is reportedly the second highest individual shareholder of the Authentic Brands Group. Who owns JCPenney? How much stake does Shaq O'Neal have? Yes, he does. Shaq has invested in 24-Hour Fitness, a global operator of wellness clubs. As mentioned earlier, Shaq has experience owning several food franchises. The Rumor Is Out: Is Snapchat Really Getting Deleted in 2022? like our other basketball FAQ articles here, What are Different Types of Shooting in Basketball. Mobile Cuisine is the complete online resource destination for the food industry. The biggest investor and shareholder in the Authentic Brands Group is the company's founder and CEO, Jamie Salter. Numerous businesses, including Coca-Cola, Red Bull, and Intel, support eSports competitions. 2023 Fairchild Publishing, LLC. ONeals assessed total assets is $400 million, as per NBC Sports. But 60,000 kids jumping up and down, louder than a basketball game, I knew that this right here, it was going to be the future. Looking at the 4x champ's investment portfolio. Shaq joined shortly there after with a 2016 investment in the business. Definitely not. Are these franchises only Shaqs business interests?
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