Former NBA star Shaquille O’Neal has a net worth of $400 million. Since his retirement from the NBA a decade ago, he has invested in several businesses that have skyrocketed his wealth. He has invested in several franchises, which have only grown bigger since his investment. However, before Shaq knew how to manage his money, he had a history of spending a load of money at once. Once, he wanted to buy a house in Los Angeles and bought it all in cash.

Shaquille O’Neal is among the most successful players in NBA history. Due to his investments post-NBA, he is also among the richest athletes in the world. However, when he received his first paycheck, he spent it all fast. He once even bought three Mercedes Benz cars in a single day and, to sum it up, that is not the most he has spent in a day.

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The Big Shamrock makes most of the money off of his endorsement deals and his investments. But he had himself admitted how reckless he was with his money in the past. In a recent podcast episode, Shaq revealed how he bought a house in Los Angeles for cash.

Shaquille O’Neal discusses spending cash on buying everything, including a house in LA

In a recent episode of ‘The Big Podcast‘, Spice Adams asked the other co-host, Nischelle Turner, about the biggest money lessons they have learned. Turner started to answer but was interfered by Shaq. He also revealed the amount he paid for the house he bought in Los Angeles.

Shaq answered, “Not to spend cash on things that I want right away. My first house in LA was three five. I didn’t even know nothing. I didn’t even know what a mortgage was. Get it. How much you got in the bank, man? You got alright, bye.”

“I used to just buy everything with cash. I had so much money, I just buy everything with cash. But now, I’m smart,” he added.

However, Shaq admitted that he is ‘smart’ now when it comes to managing his finances. He has surely learned to invest money for the future and his investments have already been reaping benefits.

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Apart from investments, Shaq has also been involved in philanthropic activities. He runs the Shaquille O’Neal Foundation which helps in ‘shaping a brighter future of children’. It is fair to say that Shaq learned the value of money and now believes in giving back to the community.