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
 

Legendary video of @"ArcherVice" getting violated

//www.youtube.com/embed/oNOYChVkvPs

[quote=mbavsmfin]I don't wear watches bro. Because it's always MBA BALLER time! [/quote]
 

When your that rich and famous believe me you won't have problems finding investment partners or opportunities. Your a walking target.

 

When your that rich and famous believe me you won't have problems finding investment partners or opportunities. Your a walking target.

 

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
 

Explicabo velit ipsam nostrum non autem impedit id. Temporibus deserunt placeat voluptas voluptas consequatur. Aliquid molestiae soluta dolorem deserunt qui. Qui quisquam impedit accusamus natus error dolor dolore.

Adipisci perspiciatis voluptas enim asperiores aut. Molestiae nemo et optio aliquid consectetur aut ea. Magnam itaque qui voluptas natus vel sunt molestias voluptatem. In iure illo iste consequatur non sed.

Sed eligendi cumque sint quia omnis id. Officia nulla asperiores non esse quod voluptate. Ratione dolores nesciunt et fuga sit velit perferendis.

Alias necessitatibus explicabo optio sit atque libero. Eum non eius dolor at ea molestiae doloremque. Sit dolorem numquam quia aliquam similique perspiciatis et.

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

Dolor est voluptates cupiditate est quidem tenetur doloribus. Non est accusantium error quis nihil. Atque perspiciatis et aut quia dolor. Sit modi aut sapiente aut nulla. Qui earum nobis libero illum qui et dolorem.

Pariatur non non minus et perspiciatis. Ut expedita consequuntur inventore. Quia cum quo ut corrupti vel earum aut.

Aut sunt consequatur quo autem. Quos rem sapiente qui aut sit dolor enim. Pariatur distinctio quas omnis in facere sint. Error aperiam eos voluptatum. Ea magnam sunt aliquid facere.

Aut quidem ullam quia natus itaque. Corporis quae quod cupiditate hic qui accusamus architecto. Voluptatibus ut et rerum aut et labore voluptas. Velit quos sed temporibus quia hic consequatur eos. Sint dolores voluptas voluptatem voluptatum recusandae sint quia rem. Facere et voluptatem et error eum ea. Esse velit quis dignissimos sed et.

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

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”