Shaq Has Become A Titan Of Business

Recently saw that Shaq apparently earned his doctoral degree from Barry University.
The article also mentioned that he was a "business mogul". I found the below:

Today, he told the crowd, he owns 40 24-Hour Fitness clubs, 155 Five Guys restaurants, a jewelry and clothing line, nightclubs, and more.

http://deadspin.com/5976848/shaq-has-become-a-titan-of-business

I don't have the original link anymore, which was more recent than 2013.

Pretty impressive, looks like he is on of the few athletes who actually put their money to good use!?

 

If putting a ball in a hoop is a great accomplishment, sure. Buying gyms and restaurants, isn't the best move given his situation and assets. Or at least, not the best move available to him, and if he ends up making a few more free-throws it won't change that fact.

 

Great role model. I only hear stories of pro athletes blowing their millions on houses, cars, childhood friends, and women, eventually retiring with busted knees and 0 savings. Kids who aspire to be pro athletes can now see that there are Exit Ops to pro sports, and that becoming a "baller" or "player" is not the only path in life.

He's an entrepreneurial ex athlete, it's a good start.

>Incoming Ash Ketchum, Pokemon Master >Literally a problem, solve for both X and Y, please and thank you. >Hugh Myron: "Are there any guides on here for getting a top girlfriend? Think banker/lawyer/doctor. I really don't want to go mid-tier"
 

I'm wondering how this works for these guys usually, though. Did his agent get him involved in all of franchises? Would that be "part" of the job of an agent?

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

Jamal Mashburn: 37 Papa John's, 34 Outback Steakhouses, 3 Dunkin Donuts, Toyota dealership

Junior Bridgeman: 160 Wendy's, 118 Chili's

Get your facts first, then you can distort them as you please.
 
3200fps:

Jamal Mashburn: 37 Papa John's, 34 Outback Steakhouses, 3 Dunkin Donuts, Toyota dealership

Junior Bridgeman: 160 Wendy's, 118 Chili's

Not sure about the Chili's. I know Shaq has a team of people that manage it for him and I would guess that it started with a good investment adviser. Would also imagine that his agent is the one that introduced him to his adviser.
 
CorpFinanceGuy:
I know Shaq has a team of people that manage it for him and I would guess that it started with a good investment adviser. Would also imagine that his agent is the one that introduced him to his adviser.

Would this be something that is also done by PWMs?

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

I am sure that's the case. I am also sure that he doesn't bother listening to everyone who approaches him. Hence, the questions is who is or who are the guys who advise them? In the Magic article above the author mentioned a guy by the name of Michael Ovitz (http://en.wikipedia.org/wiki/Michael_Ovitz) who appears to be a talent agent.

So if I understand that connection correctly, Sports Agent not only get to negotiate contracts for the Kobes & Shaqs of this world, but also advise them where they should invest when they retire? Sounds like a freaking dream job to me.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 
milehigh:

In the words of Chris Rock, Shaq is rich, the white man that signs his checks is wealthy.

Was that Chris Rock or Cedric the Entertainer?

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

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[quote=patternfinder]Of course, I would just buy in scales. [/quote] See my WSO Blog | my AMA
 

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I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA

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