Whats Good Wealthbuilderz?Its the man the myth The Wealthbuilder himself DeVaughn Put In Work Burke and today we are talking about does Shaquille O’neal really own Elvis Presley and Forever 21?
The short answer is Yes but no. but the real story is how he did it and why you can do things like this if you started now.
Who Is Shaquille O’neal?
Real quick if you don’t know about Shaquille O’Neal and who he is. O’Neal is regarded as one of the greatest basketball players and centers of all time. He was a 7-foot-1-inch (2.16 m) and 325-pound (147 kg) center who played for six teams over his 19-year career in the National Basketball Association (NBA) and is a four-time NBA champion. He’s been making news with his business savvy moves and I want to break them down a bit.
O’Neal’s estimated net worth is said to be $400 million. “He is the joint owner of 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,”
As per NBC Sports
Shaq Speaks About His Many Business Ventures And The Companies He Owns
“My real business is I own 50 brands,” Shaq explained. “So, when I was retiring, I’m looking around, I’m like ‘How does Michael Jackson and all these guys live forever?’ So, one of the chapters in the book, joint venture-ship. So, I called the three companies [seemingly Authentic brand group, Simon property group, and Brookfield property partners] 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 number two guy in the company.” (Note: Shaq did not clarify what percentage of these brands he owed or if they were bought outright.)
The Hall of Famer said he could’ve easily sold his brand and likeness he worked so hard to build, but that would give investors the right to do as they please and potentially push him to the background. “I put money back in the company, and now I own all those other brands, so if Shaq ever goes away, sh-t, we still got Elvis.”
So to break it down. Shaq has become the majority investor in these companies that own these brands like Elvis Presley Enterprises, Forever 21, And Marilyn Monroe.
So if he is one of the top investors in the company and purchased a large Percentage then he owns these brands through the companies he’s bought.
Its a very smart business move and this is a awesome way to create financial freedom and wealth. This should be all of our goals to create family wealth. I Know you’re wondering how you can do it too?
Well I have a ebook that breaks down how to invest in business’s and do so much more to build passive income outside of your job. The link is in the description below.
Thanks for watching its the man, the myth The Wealthbuilder himself DeVaughn Put in Work Burke
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