Here's What Shaq Tells His Kids About Being ‘Rich’
© Kevin Jairaj-USA TODAY Sports
Shaquille O'Neal is one of best big men to play the game of basketball. Now he's become quite the entrepreneur reaching a net worth of approximately $400 million. This week he shared what he tells his kids about being "rich"... Per ESPN...
quote:

“Yeah, I do, but I try to let them figure it out,” O’Neal said on whether or not he sees an entrepreneurial spirit in his children. “There’s one rule: education. I don’t care if you play basketball. I don’t care about none of that. Listen, I got six kids. I would like a doctor, somebody to own a hedge fund, a pharmacist, a lawyer, someone that owns multiple businesses, someone to take over my business. But I tell them I’m not going to hand it to you. You gotta earn it.”

(The Spun)
Filed Under: NBA

Comments

28 Comments
I'll never forget the a major lesson my dad gave me on the difference between my parents and we kids. In Jr high, for some reason the topic of how much our parents made/were worth was a topic of convo at the lunch table. When it got to me I honestly had no clue or even a guess as we never talked about it at home. I naively asked my dad at dinner, and he just said "Son that's between your mom and I, God, and unfortunately the IRS." Later on he would teach me the importance of never asking a man how much he's worth or in general about his finances. Or even telling me about ones own finances. Drives me nuts when people feel it's a topic of convo to ask people or know how much they spent on things or how much people make. No one's business imo.
Reply1 month
I read all of the comments here and while some make great points (others not so much), not one mentioned his mother and father who he consistently gives credit to for his determination and upbringing. Kudos to that military discipline.
Reply1 month
Did anybody else ever see the episode of family fued where they ask name something that it would be hard to teach shaq to do and the white lady said to read? Cant believe that has never made it to youtube
Reply1 month
Read a cool story about a local oilman a few weeks back. Someone was going around to get donations and they went to his son first and his son wanted to one up the dad and gave a large amount. When the person collecting donations went to the dad and asked if he would beat his soms donation the dad said let me tell you the difference between my son and I…. I dont have a rich daddy.
Reply1 month
Love Shaq but his boys are wearing sweatshirts that cost like $1k in that picture, not to mention the who knows how much money worth of bling. I don't think Shaq is really depriving his goods of the rich and famous lifestyle.
Reply1 month
Doesn’t that reinforce what he’s saying? He’s rich not them. He’s providing it, not them.
1 month
I only read the part of the article that was posted but I took it to imply he wasn't spoiling them and was teaching them to make their own way. If that interpretation is incorrect I apologize. However, if it is correct having them wearing $1000 dollar sweaters says he fos.
1 month
Shaq became a millionaire simply because he grew very large. It’s not really that impressive if you think about it.
Reply1 month
So dumb. Lots of tall guys are broke. Even ones who made the NBA have lost everything. Shaq makes great business decisions. He would be successful if he was 5’10”.
1 month
You sound really dumb right now
1 month
Think of how much he has done with being really large. He's done a lot more than just being large. C'mon dude.
1 month
I agree with everything he said,,, but pro athletes, make an unbelievable money... 200 million dollar contracts some of them are getting for 5 years. That's not hard work....that's talent and timing....with the blessing of the united states paying money for entertainment. You have to born with certain gifts
Reply1 month
In his case, he could dunk. He couldn't hit a shot outside of 3 feet, but then again, he didn't have to. I will say that he either has a great marketing team, or has marketed himself well.
1 month
Why does Shaq assume that his kids are smart enough to become doctors and lawyers and hedge fund managers? He made his money dunking a ball in a hoop.
Reply1 month
What a count-y thing to say.
1 month
He made a small part of his money putting a ball in a hoop. But he made ALOT of money investing, owning businesses, and revitalizing businesses like Papa Johns and Reebok.
1 month
frick you
1 month
Hopefully the next generation of black kids will be taught the difference between earning money and being exploited. It's ok to say no to keep your self worth. Shaq post retirement has plugged every consumer [shit] product under the sun and has looked foolish. tmz.com/2016/05/31/shaq-aisha-tyler/
Reply1 month
Wow the jealousy in your post is pathetic. Shaq has more self worth than you ever will.
1 month
You’ve accomplished the impressive feat of posting the stupidest reply in this thread.
1 month
Shaq seems like the most grounded and likeable guy on the planet.
Reply1 month
SHAQ for President 2024
Reply1 month
He would win.
1 month
When kids are taught to earn everything they receive is when they become productive, high character adults. Millenials and Zs have been raised to be spoiled brats, so props to Shaq for breaking that trend and doing right by his kids. They will grow up to be great people.
Reply1 month
SHaq's a national treasure.
Reply1 month
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