December 9, 2021

Beyond Going Long

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We are not rich, I am rich.  Shaquille O'Neal doesn't want to give his kids a penny of a $400 million fortune

We are not rich, I am rich. Shaquille O’Neal doesn’t want to give his kids a penny of a $400 million fortune

The basketball star asks his kids to successfully complete college first and start a business.

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Shaquille O’Neal was one of the most famous basketball players in the world at the time, earning tens of millions of dollars annually. Today, his assets are estimated at more than 400 million dollars, but O’Neill handles his financial affairs carefully, he writes. loader.

On the Earn Your Leisure podcast, the former athlete admitted that his children had grown up, but refused to hand over his possessions only to them. “My children are older and now they are a little angry with me. They are not angry, but they do not understand. I always tell them: We are not rich, I am rich.” O’Neill explains.

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Source: TASR / AP

“You must have a bachelor’s or master’s degree, and then if you want me to invest in your company, you will have to give it to me. Show it, I’ll tell you. I just won’t give you anything.” The businessman talks about his approach to money.

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Of his six children, he would like to have doctors, investment managers or lawyers, but also someone who will take over his business one day. But not without serious work and merit. “There is only one rule: Education. I don’t care if you play basketball. I don’t care about any of that at all.” O’Neill concluded.

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