What businesses does Shaq own?

By Edcel Panganiban February 24, 2024 02:33

Shaquille O'Neal, the former NBA star, has transitioned from being a renowned athlete to a successful businessman and philanthropist. His diverse portfolio of business ventures includes a wide range of franchises, investments, and personal business endeavors. Let's delve into the extensive list of businesses that Shaq owns and has invested in, showcasing his remarkable entrepreneurial journey and financial acumen.

Shaq's Franchise Ventures

Five Guys

Shaq's first significant investment in a franchise was in the Five Guys chain, where he bought and subsequently sold 155 restaurants, amounting to 10% of the company at the time.

Papa John’s

Owning nine Papa John's restaurants in and around Atlanta, Shaq has also appeared in commercials and other advertising for the popular restaurant chain. He sold the company the right to use his likeness and voice for $8.5 million.

24-Hour Fitness Centers

Shaq's purchase of 40 fitness centers represents one of his more low-key franchise investments.

Krispy Kreme

Known as Shaq's favorite place to get donuts, he has invested in several Krispy Kreme locations, particularly in Atlanta.

Big Chicken Restaurant

Shaq has ventured into the world of franchise ownership with Big Chicken, his fast-food restaurant serving extra-large chicken sandwiches. Currently, he oversees ten locations of this franchise.

Auntie Anne’s

While previously owning 17 Auntie Anne’s Pretzels restaurants, Shaq has recently sold this franchise due to declining demand for pretzels.

Car Washes

Owning about 150 car washes, Shaq has found significant success in this line of business, reiterating their profitability.

Beyond Franchising

Personal Investments

Shaq's investment portfolio extends beyond franchises to include shares in various brands, covering sectors such as technology, beauty, fashion, and sports. Notable investments include Apple, Google, Lyft, Vitaminwater, and Ring.

Other Business Ventures

In addition to franchises and personal investments, Shaq has diverse business interests, including ownership in Las Vegas nightclubs, a cinema, and a strip mall.

Brand Endorsements and Business Ownership

Shaq's post-career marketing strategy has seen him co-hosting on TNT and appearing in commercials for brands such as The General, Gold Bond, and Icy Hot. Furthermore, he has made substantial investments in dead celebrities' likenesses, further diversifying his business portfolio.

Philanthropic Initiatives

Shaquille O'Neal Foundation

In 2019, Shaq established the Shaquille O'Neal Foundation, aiming to create pathways for underserved youth to achieve their full potential. This reflects his commitment to philanthropy and giving back to the community.

Financial Acumen and Business Philosophy

Investment Approach

Shaq's investment approach is deeply rooted in his desire to invest in ventures that can genuinely improve people's lives. Drawing inspiration from Jeff Bezos, he seeks to only invest in things that can positively impact people's lives.

Business Philosophy

Shaq's business philosophy emphasizes authenticity and genuine interest in the products he endorses or invests in. His business ventures reflect his personal preferences and commitment to making a difference.

Shaq's journey from a celebrated NBA star to a shrewd businessman and philanthropist is a testament to his remarkable entrepreneurial acumen. His extensive portfolio of franchises, investments, and personal business endeavors underscores his diverse business interests and commitment to making a positive impact. Through his philanthropic initiatives and strategic investments, Shaq continues to inspire and lead by example in the world of business and beyond.

Shaquille O'Neal's business ventures exemplify his multifaceted approach to entrepreneurship, combining financial success with a genuine desire to make a difference in the lives of others. His diverse portfolio reflects a strategic blend of personal interests, investment philosophy, and philanthropic commitments, establishing him as a prominent figure in the world of business and beyond.