Shaquille O’Neal Net Worth

Updated On March 18, 2024 | Published By: sofi | In Net Worth

Shaquille O'Neal's Net Worth

As of 2022, Shaquille’s Net Worth is $ 400 Million dollars.
Throughout his NBA career, Shaq earned a total of $292 million in compensation. During the same period, he received well over $200 million in sponsorships.

Table of Contents

What is Shaquille O’Neal’s Net Worth?

Shaquille O’Neal is a retired basketball player, entrepreneur, television host, and commercial endorser from the United States. Shaquille O’Neal’s net worth is $400 million as of this writing. Shaq earned $292 million in salary alone throughout his NBA career. During the same time span, he made well over $200 million in sponsorships. Despite the fact that he has been retired for many years, Shaq still earns around $60 million per year from endorsements and other business ventures.

Net Worth:	$400 Million
Salary:	$60 Million
Date of Birth:	Mar 6, 1972 (50 years old)
Place of Birth:	Newark
Gender:	Male
Height:	7 ft 1 in (2.16 m)
Profession:	Basketball player, Actor, Rapper, Film Producer, Television producer, Real estate entrepreneur
Nationality:	United States of America

Key Facts

Earned $292 million in NBA salary
He earned $200 million from endorsements while playing in the NBA
Actually earns more money in retirement today
Typically earns around $60 million per year
Spent his first $1m NBA salary in 30 minutes

Early Life

Shaquille O’Neal was born in Newark, New Jersey on March 6, 1972 to Lucille O’Neal and Joe Toney. His father was a drug user who went to prison for drug possession when O’Neal was a newborn. His parents never married, and his father abandoned him shortly after Shaq was born, after being released from prison. For decades, O’Neal was estranged from his father. His mother married Phillip Harrison, a sergeant in the United States Army, when he was two years old. Growing up, O’Neal was a member of the BoysandGirls Club of America, and he credits the organization with keeping him off the streets.

The family relocated from Newark to Germany and Texas. Shaq began to attract notoriety for his basketball talent while still in high school. He led San Antonio’s Robert G. Cole High School to the state championship in his senior year. O’Neal went on to become a two-time SEC Player of the Year and a two-time All American at Louisiana State University. In 1991, he was also awarded the Adolph Rupp Trophy as the NCAA men’s basketball player of the year.

NBA Superstar

O’Neal was selected first overall by the Orlando Magic in 1992. A year later, he was crowned Rookie of the Year and selected as an All-Star starter, a feat not done since Michael Jordan. Shaq helped the Magic to their first playoff series in his second season. The following year, they reached the NBA Finals but were defeated by the Houston Rockets.

O’Neal was sidelined by injuries for much of the 1995-96 season, but the Orlando Magic still finished with a winning record. He and the Magic won the first two rounds of the playoffs that year, but were ultimately defeated by Michael Jordan’s Chicago Bulls.

O’Neal was a member of the men’s Olympic basketball team in Atlanta in 1996. That squad went on to win the gold medal at the Olympics. As tensions escalated among his coach, teammates, and the local Orlando media during the Olympics, O’Neal proclaimed his intention to join the Los Angeles Lakers. O’Neal was offered a seven-year, $121 million contract by the Lakers.

This move paired O’Neal with a young Kobe Bryant, bringing together two of the game’s biggest names on one team. While his first few years with the Lakers were promising, they were unable to win a championship. O’Neal battled injuries and personnel changes until a change in leadership changed everything.In the 1999-00 season, the appointment of former Chicago Bulls coach Phil Jackson launched the Lakers on a road that would lead to them becoming a dominant force for years to come. Jackson pressed O’Neal, forcing him to improve his defense. That year, Shaquille and the Lakers won the NBA championship, and they would go on to win it the next two years in a row.

Shaq’s contract with the Miami heat

In 2004, O’Neal was dealt to the Miami Heat. Shaq signed a five-year, $100 million contract with the team the following year. While he could have demanded more money, he stated that he wanted another championship. The Heat won their first title and O’Neal’s fourth the following year, defeating the Dallas Mavericks.

Beginning in 2008, O’Neal’s days of signing long-term contracts with teams were over. That year, he was moved to the Phoenix Suns, where he failed to make the playoffs for the first time since his rookie season. He was traded at the end of his first season with the squad to help the team’s finances. More one-year stints would follow, including with the Cleveland Cavaliers (alongside LeBron James) and the Boston Celtics in his final season.

Player Profile

Shaq measures an incredible 7 feet 1 inch tall and wears a size 23 shoe. He rose to prominence mostly as a result of his physical height, which provided him a distinct advantage over his opponents. Shaq’s extremely thunderous dunks destroyed the steel backboard supports of the net on two occasions during his early NBA career. This caused the league to strengthen and stabilize the backboards going forward. O’Neal is well-known for his “drop step” maneuver, which he dubbed the Black Tornado.

Shaquille O’Neal Salary

What was Shaquille O’Neal’s peak salary? $27 million

Salary by year and team:

1992-93 Orlando Magic $3,000,000
1993-94 Orlando Magic $3,900,000
1994-95 Orlando Magic $4,800,000
1995-96 Orlando Magic $5,700,000
1996-97 Los Angeles Lakers $10,714,000
1997-98 Los Angeles Lakers $12,857,143
1998-99 Los Angeles Lakers $15,000,000
1999-00 Los Angeles Lakers $17,142,858
2000-01 Los Angeles Lakers $19,285,715
2001-02 Los Angeles Lakers $21,428,572
2002-03 Los Angeles Lakers $23,571,429
2003-04 Los Angeles Lakers $24,749,999
2004-05 Miami Heat $27,696,430
2005-06 Miami Heat $20,000,000
2006-07 Miami Heat $20,000,000
2007-08 Phoenix Suns $20,000,000
2008-09 Phoenix Suns $21,000,000
2009-10 Cleveland Cavaliers $20,000,000
2010-11 Boston Celtics $1,352,181

Total career NBA earnings = $292,198,327

Other Media and Business Ventures

Shaq was swiftly becoming a great sensation in the early 1990s, pursuing careers in rap and film, featuring in films such as “Blue Chips” and “Kazamm.” He has also appeared in a number of other films and television shows as a guest actor, including “Curb Your Enthusiasm” and “The Parkers.” “Shaq Diesel,” his first rap album, was released in 1993 and was certified platinum. Under the alias DIESEL, he continues to DJ and produce music. Shaq has also appeared in a number of video games over his career.

O’Neal has also appeared in other reality shows and maintains his own podcast. Other media responsibilities include being a frequent NBA game commentator and even working in professional wrestling.

Since the 1990s, O’Neal has been involve in the stock market and real estate. He has also expressed an interest in the business world. On March 22, 2019, it was reported that he would join the Papa Johns Board of Directors. Shaq will earn $8.25 million in salary and stock over the course of three years with the role. He is also investing $840,000 of his own money to purchase 30% of a 9-unit Papa John’s franchise in Atlanta.

Shaq paid $5 million for a 1% share in the NBA’s Sacramento Kings in 2013. Shaq sold his ownership in the organization in August 2021 to become the major sponsor of an online gambling startup called WynnBET. He sold his ownership of the Kings for $11 million.

Endorsements

Shaquille O’Neal is one of the few players who has totally accepted endorsements. Pepsi, Carnival Cruise Line, and Reebok are among his more well-known sponsors. A complete list of Shaq’s endorsement deals and commercial appearances would be impossible to compile.

Academic Achievements

Shaquille O’Neal also holds a teaching doctorate, one of his many accomplishments. Following his master’s degree from the University of Phoenix, O’Neal enrolled in the program at Barry University, a private Catholic college. The course, which was mostly completed online over a number of years, reflected O’Neal’s passion for education and his desire to continue challenging himself.

Personal Life

In December 2002, Shaq married Shaunie Nelson. Shareef, Amirah, Shaqir, and Me’arah are their four children. Shaq also has a daughter from a previous relationship with Arnetta Yardbourgh, Taahirah. In September 2007, O’Neal filed for divorce from Shaunie. They changed their minds and canceled their divorce, but Shaunie filed for divorce in November 2009. She spoke to irreparable differences. From 2010 until 2012, O’Neal dated reality personality, Nicole Alexander. Shaq has been dating model Laticia Rolle since 2014.

O’Neal paid for all of Hall of Fame center George Mikan’s burial expenses after he died in June 2005.

Shaquille O'Neal's Net Worth — Shaquille O’Neal with his Family (Source: Pinterest)

Real Estate

Shaq’s principal abode in recent years has been an opulent 12-bedroom estate near Orlando. The main house is 35,000 square feet and includes a 6,000-square-foot indoor basketball court, a 17-car garage, and a 10-foot privacy wall. Shaq purchased the land for his home in 1993 for $4 million and proceeded to custom-build his dream mansion.

In May 2018, he listed the house for the first time for $28 million. In January 2019, he reduced the price to $22 million. Isleworth Golf & Country Club is a gated neighborhood.

Shaq reduced the property’s asking price to $19.5 million in September 2020. He finally took $16.5 million in January 2021.

Shaq owns a 15-acre property in suburban Atlanta that he purchased in 2017 for $1.15 million.

In 2018, he spent $1.8 million for a property in Bell Canyon, a gated enclave in Los Angeles. He advertised this home for $2.5 million at the end of 2019.

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