He is reportedly in talks to acquire additional locations and expand his stake in the company. John Schnatter established the company in 1984. He is also a partner in the ownership group of the Sacramento Kings. like our other basketball FAQ articles here, What are Different Types of Shooting in Basketball. According to the facts, Shaq owns 50 distinct brands, which he also revealed himself. Although they are only sometimes considered franchises, these car washes are profitable and serve the legendary basketballer well. The NBA icon wanted to run a business so that he could support himself once his playing days were over, thus he was motivated to expand the brand. The Big Diesel invested $840,000 in 9 other Papa John's restaurants, and when his name was used for marketing purposes, he pocketed a whooping sum of $8.5 million. Your email address will not be published. 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. The basketball star-turned-businessman added that he intends to keep his total earnings private since his "mom really doesn't like articles like that. Despite the undeniable success of his ventures, Shaq did not ever stop building his personal brand and expanding his reach. IPO puts Shaq, Elvis, Marilyn and retail brands on market - Capital ONeals relationship with Reebok began in 1992, when he inked a multi-year, $15 million contract with the company. Did you find this post helpful? However, according to Shaq in his interview in the Earn Your Leisure podcast, the entrepreneurs already sold off all his Auntie Annes franchises too. Due to the aforementioned investment, Shaq is now second in command in terms of who owns the brands that are part of the Authentic Brands Group. The answer to this question is no. All of these business and personal endeavors allowed Shaq to accumulate some $400 million up to date. But the former athlete is also an avid businessman, working behind the scenes on some of the biggest retail deals of 2021. This company is responsible for many brand and retailer acquisitions, including Forever 21, Reebok, Barneys New York and JCPenney. FOREVER 21 which is owned by Shaq is a leader in the fashion business, bringing the latest trends to everyone while inspiring individual style and confidence. 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 other fast food restaurants, Big Chicken is a brand that has partnered with big companies like the RS Hospitality and the Authentic Brands Group. Hoops Addict is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. The multi-titled NBA champion has acknowledged in interviews that he has always realized money might vanish as soon as it appeared. In his interviews and appearances, Shaq credited Jeff Bezos for the investing philosophy that he still holds dear. shared that he owns quite a few notable businesses of his own. Shaq owns Forever 21, JCPenney, Elvis Presley, Marilyn Monroe, and others. On-demand, Ring gives law enforcement organizations access to the video footage from its cameras and the data from its Neighbors app. 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. Worth It? In 2022, he signed a deal for more outreach to regions such as Phoenix and Dallas. Who owns JCPenney and Forever 21? 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. JCPenney, Under New Ownership, Is Homeless For The Holidays - Forbes Want to read more articles like this one? Shaq owns 50 brands, according to the Big Diesel himself in his own reality TV show Shaq Life. After his retirement from the NBA, Shaq pursued a career in business and entertainment. Restaurants, retail malls, movie theater, car washes, and nightclubs are all part of Shaqs economic empire. What companies does Shaq own? Find out all the information here Does Shaq own JCPenney? ' related Salter. How Shaq Became a Successful Entrepreneur. Do you think I trust you? And I said, I hope so. He says, Why wouldnt I be partners with you. GOOD aligns unparalleled expertise in social science, social media, and social change. You Might Like: How Much Does a Jamba Juice Cost to Open? ONeal has owned shares in Authentic Brands Group since 2015. The company was founded in 1902 and is currently owned by an investment firm, Sycamore Partners. The Lakers icon has won four championships in addition to other personal honors, and he is equally successful outside of the game. He once spurned becoming an ambassador for Starbucks and admitted he wont ever get into the crypto space because he doesnt understand it. And then one day I wasnt even thinking about it and he said, I got a big surprise for you. What do Marilyn Monroe, Elvis Presley, JCPenneys & Forever 21 all have in common??? The company's low pricing on products and humble shopping environment is what attract buyers from all over the world. So, I took half that money, put it back in the company, now I'm the number two guy in the company." Since then, he has made numerous appearances in their ad campaigns. Ted Baker Management Exits as Authentic Inks New Deals for the British Brand. If theres one thing I know, its that money can be a powerful tool but only if you use it correctly. 60% of past NBA players file for bankruptcy within five years of retiring, according to a Sports Illustrated research. Shaquille ONeal is a well-known NBA legend and one of the most famous athletes in the world. So it really is something super special.. > Whats the Average Retirement Age for NBA Players? Shaquille ONeals business investment portfolio is wide-ranging. People often wonder what companies Shaq own, and the list leaves them astonished. As a matter of fact, Shaquille O'Neal owns 50 different brands. He likewise advanced organizations like Burger King, Mcdonalds, Taco Bell, Pepsi, and Oreo. His business portfolio is nothing less than the work of a financial genius. Second, what he has done on the court is magnified a gazillion times because he has such a jovial, childlike personality. What Franchises Does Shaq Own Right Now? (2023 Update) He also owns 24-Hour fitness gyms, car washes, movie theatres, nightclubs, and shopping malls. O'Neal's many years of investing have really paid off. 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. I live in Monaco, and I love helping people make the most of their money. 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. He was introduced to Google before it went public in 2004 and said his only regret is not buying more of Googles stocks. 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. The company is owned by Shaq through the Authentic Brand Group and deals with high-end latest fashion designs, accessories, and beauty products. ONeal acquired the fabled Krispy Kreme shop at 295 Ponce de Leon Avenue in Atlanta in late 2016. While he does not currently own JCPenney or Forever 21, he does have a number of successful business ventures and investments. I'll let him explain. Find Out Who Shaq Is Dating. Through Christie Street, the crowdsourcing platform for Doorbot, more than the $250,000 intended was raised$364,000. As mentioned earlier, Shaq has experience owning several food franchises. This decision led ONeal to become the second-largest individual shareholder in the company. Shaquille O'Neal just revealed he owns Forever 21, Elvis Presley, and much more "I make investments, not for the monetary reasons, but. Or so everyone thought. How much did Shaq earn in his NBA career? 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. 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: Who owns Marilyn Monroe, the former basketball star asked the two hosts. Worth It? Big Diesel owns 150 car washes in multiple locations in the United States of America and has employed quite several people. He's more than just one of the most dominant players in NBA history, he's . In recent years, ONeal has vocalized his desire to purchase Reebok through his partnership with ABG. There are more than 4,700 Papa Johns restaurants in existence today. Shaquille ONeal is one of the most well-known names in NBA history. The legendary basketball player was a founding partner of Majority, an advertising firm with a diverse clientele that utilizes a diversity led talent model. Apart from the restaurant chains, car washes, shopping centers, nightclubs, and clothing companies, Shaq was also heavily involved in other ones. This can be attributed to the fact that Shaq is an athlete that spent 19 seasons as a professional athlete in the NBA. Shaq joined shortly there after with a 2016 investment in the business. What Companies Does Shaq Own In 2023 - DATAROMA I said, Yeah. He says, Id like to invest it in ABG. And I said, Hold on, I dont understand. With Reebok now under the ABG umbrella, ONeal is a partial owner of Reebok, along with the other brands in the ABG portfolio of more than 30 brands, including Juicy Couture, Brooks Brothers, and Barneys New York. ONeal stated in front of more than 3,000 franchise professionals at the International Franchise Associations 2022 Annual Convention that he wanted to succeed in business instead of becoming one of the 60% of NBA players who go broke after leaving the game.. Of course who could forget his timeless rap album titled Shaq Diesel? A few rented divisions, like Seattles Best Coffee, optical facilities, and photography studios, are much of the time found in JCPenney stores. Unraveling the Financial Success of Chris Samuels: His Remarkable Net Worth. Learn how your comment data is processed. Shaq is no stranger in the league, giving way to his part-ownership of one of its teams and being a competitor during his time in the NBA. He is currently a sports analyst on the television show Inside the NBA. ?Who Owns JCPenny?? Top 10 football stars with the most expensive car collections. "Who owns Elvis Presley? (Video) Shaq joins Papa John's! Bio and all the details. Armani, Azzedine Alaa, Comme des Garons, Christian Louboutin, and Ermenegildo Zegna were among the prominent luxury labels brought to the US market. Shaquille O'Neal was a multimillionaire thanks to his NBA career. Then you may alsolike our other basketball FAQ articles here. Allegedly, it is reported that the star takes home around $60 million annually from his endorsements, deals, and various investments. What Is Shaq's Net Worth? (2023) - Vetted Biz 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. This say includes being the key voice in the companys acquisition of Reebok. Now, with the news of the brands sale to Authentic Brands Group (ABG), the former NBA athlete is one step closer to that dream. The retail powerhouse, led by CEO Jamie Salter and president and CMO Nick Woodhouse, recently secured a pair of major new investors thanks to its talent in reviving struggling yet iconic brands. He also owns several franchises of Krispy Kreme Donuts, invested in eSports, and wanted to be a part of the Bare Knuckle FC. The Big Diesel then made the decision to immediately reinvest the proceeds of that deal in Authentic Brands Group. JCPenney is an American department store chain with over 1,000 locations in the United States and Puerto Rico. Shaq belongs to a group that owns about 5% of the team. He almost always stayed true to himself and stayed within his comfort zone. Shaq joined the companys board of directors in 2016 and in 2019 he was appointed a strategic advisor to the organization. It was then that the former athlete made a decision that would turn him into the second-largest individual shareholder at ABG. Shaq reportedly owns 40 locations of the 24-Hour Fitness Centers across the country at the time of writing. According to NBC Sports, O'Neal's estimated net worth is said to be $400 million. Currently, there are more than 1,300 Krispy Kreme locations worldwide, and more will open as a result of Shaqs involvement. 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. During a recent appearance on the live taping of the financial literacy podcast Earn Your Leisure with financial advisor Rashad Bilal and educator Troy Millings, Shaq revealed some head-turning details about his financial profile that had fans in the audience in shock, but equally as impressed. Top 10 Sports Illustrated Swimsuit models in 2023 ranked. Who owns Forever 21? Shaq continued. 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. Does Shaquille o Neal own JCPenney? The latter allowed him to cross over mainstream TV and movies seamlessly. ?Who Owns Elvis Presley?? As of 2023, the multinational company has over 540 outlets. The franchise has 10 locations with great reviews and is closely monitored. ONeal invested in nine restaurants in the Atlanta region when he first joined the board of directors of Papa Johns in early 2019.