Most people know Shaquille O’Neal, or “Shaq” as he’s affectionately known, as one of the most well-known basketball players of the past 20 years, but what most people don’t know is that he’s maybe one of the most financially savvy athletes of our generation.
Over the past two decades, Shaq has more than quadrupled his net worth by making some pretty astute investments, which include Google, Apple, Krispy Kreme and Five Guys, to name a few.
So, what makes the four-time NBA champ different from other high-profile athletes? After all, it’s no secret that many athletes often experience some post-career financial struggles—a staggering 60 percent of NBA players have gone broke within five years of leaving the sport. Well, Shaq puts his success down to one simple investment strategy that he learned from Amazon founder Jeff Bezos.
“I heard Jeff Bezos say one time that he makes his investments based on if it's going to change people's lives, and once I started doing that strategy, I think I probably quadrupled what I'm worth," he recently told The Wall Street Journal.