“We Give People Jobs..”: $400 Million Rich Shaquille O’Neal, Who Owns 200+ Stores, Gives Back to His Own “Hood” in a Noble Project

All-time NBA great Shaquille O’Neal is one of the richest retired players ever. And it is not by accident. Over the course of his NBA career, he earned an estimated $292 million through salary. His popularity around the world also helped him earn some great endorsement deals. Shaq has used this as a base and built a business empire. As per reports, he currently owns around 200 stores and has an estimated net worth of $400 million. Also, he earns around $60 million per year.

The multi-millionaire is undoubtedly one of the most generous celebrities and gives back to society a lot. O’Neal has stated multiple times that he never forgets his roots and where he came from. The ‘Big Diesel’ came from very humble beginnings in Newark, New Jersey. He recently talked about his efforts to better the neighborhood. The four-time NBA champion made an appearance on the ‘Drink Champs’ podcast recently and discussed a wide variety of things.

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During the chat, O’Neal spoke about the importance of educating oneself. He stated that it is not just about going to school; it is about being aware of what is happening around one.

Shaquille O’Neal talks about giving back to Newark

Shaquille O’Neal talked about educating oneself and disclosed one of his ventures to help society. “Me and my group, the ‘Boraie Group’ are responsible for tearing down the projects and building condos,” Shaq said. Then the host wanted to know what they do with the people that were already living there. “We charge some people but you know but we let people you know do the section-A thing, we give people jobs so. We are beautifying, you know the city,” O’Neal replied.

The Los Angeles Lakers legend also added people who were already living there are never displaced.

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A 33-story apartment tower in Newark developed by Shaq and his partners is nearing its completion. A few months back, the group celebrated a “topping off” ceremony, and O’Neal, his development partners, Gov. Phil Murphy, and Newark Mayor Ras Baraka were present. The construction is expected to be completed within an estimated period of 10 months reportedly.

The former MVP is famous for his random act of kindness as well. Basketball fans would have seen some of his viral videos where he extends a helping hand to a total stranger.

Do you think Shaquille O’Neal is one of the most generous former basketball stars ever? Let us know in the comments below.