$400 million worth Shaquille O’Neal is a prominent figure in the business world. He has made strategic and lucrative purchases of both residential and commercial buildings that now make him one of the icons in real estate investing in America. After his annual fundraiser in Las Vegas, the 4x NBA champion made a stop in Atlanta for the annual Generation Blue Experience event hosted by Coldwell Banker.
While his real estate investments are not often considered at the forefront of his business ventures, the Big Aristotle has set big goals for himself.
Shaquille O’Neal made a hilarious mistake
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During the sit-down interview, Shaquille O’Neal was joined by the chief marketing officer of Coldwell Banker, David Marine. In a clip that surfaced online, the Los Angeles Lakers legend can be seen making fun of Marine during the Gen Blue experience event.
Shaq explains that he wants to spread peace and happiness. He wants all his fans to smile whenever they see any posts about him. That’s why he always has a fun attitude. This received a big round of applause from the audience.
Shaq then interrupts everyone by asking David Marine if he is wearing ‘Baby GAP’ socks. Marine was shocked to hear this and said that it was their company’s Coldwell Banker socks. The logo for Coldwell Banker is the letters ‘C’ and ‘B’ put together. But if we look at it from a distance, it can get confused with ‘GB’. This made Shaq think that GB meant Baby GAP.
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After understanding the truth, Shaq said, “Oh, C.B., I’m sorry. — Hold on, ya’ll go from real estate to socks? Brilliant. That’s genius.“
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Coldwell Banker is one of the biggest real estate franchises in America. Their annual event in Atlanta is running from October 16th to the 19th. Seeing them make socks along with million-dollar real estate sales left Shaq smiling.
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Shaq’s investment career
Shaquille O’Neal has been investing in real estate since the age of 26. He started small in his hometown by just buying and flipping houses. But once his paychecks from the NBA started increasing, he had bigger goals.
Shaq wants to own $1 billion a year in affordable housing. Shaq has invested in different housing projects that have left him with 1,500 units in Denver; another project has him with 1,000 units in Miami. Furthermore, he recently opened ‘Shaq Tower 2’, a residential apartment complex in his hometown for affordable housing.
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What do you think of Shaquille O’Neal’s philanthropic works? Let us know in the comments!