Shaquille O’Neal Responds to Allegations of Being a “Cash Grabbing Individual” for His Latest Investment

Shaquille O’Neal is one of the most famous sports personalities in the world. Shaq made his mark in his playing days and retired from the game as the best center the world has ever seen. However, another thing that makes the big man big is his business.

Shaq is world-renowned for his business acumen and financial sensibility. During his early days in the NBA, he did not have the proper understanding of how he could create a massive empire but now he is worth 400 million dollars.

WATCH: Some of Shaq’s biggest donations.

Shaq has invested in countless opportunities during and after his playing days. His investments are wise and he now has a whole empire. Post-retirement, his major business is owning other businesses. Shaq is an investor, business owner, and philanthropist.

Shaquille O’Neal defends his NFT project

The surge of cryptocurrencies and NFTs have been imminent. Shaq being the businessman, is on the front foot of it. 

Be it generating revenue or helping people in safe investments, Shaq aims to take care of all aspects of it. He understands the risks and fears involved. Therefore, he also understood that it is his responsibility to make sure people know the efforts he will put in to make the investments safe, secure, and profitable. He says he is also learning the same way everyone is, which means he takes all this as seriously as any individual.

The transparency and care Shaq showed to put his point across was well appreciated. Shaq has a massive influence over multiple businesses. He has often revealed how he does his investments. Moreover, this was not the first time he displayed transparency.

“My real business is I own 50 brands,” he once explained. “I called the three companies that helped people live forever, and they bought my brand for a lot of money. So, I took half that money, put it back in the company, now I’m the No. 2 guy in the company.”

According to NBC Sports, only some of the other businesses Shaq claims at least partial ownership over include 155 Five Guys Burgers restaurants, 17 Auntie Annie’s Pretzels restaurants, 150 car washes, 40 24-hour fitness centers, a shopping center, a movie theater, and several Las Vegas nightclubs.

Also read: Shaq brags about his $400 million net worth.

Shaq has been doing business for a long time now. Although he is still learning about NFTs, he is a wise man with an immaculate business acumen which sets him apart. Shaquille O’Neal has been a philanthropist all his life with countless acts of charity.

So he is anything but a ‘cash-grabbing’ individual. In fact, his big-heartedness has proved repeatedly why everyone loves and respects him so much.