He was a total prankster, once running naked onto the practice floor with the Lakers. On Thursday, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York and J.C. Penney, entered into an agreement to buy the Reebok brand from Adidas. Do Shaq owns JCPenney? Is Shaquille ONeal the owner of Papa Johns Pizza? So its super gratifying for him, too. You Might Like: Should You Work With a Franchise Broker? analysts, SportsBrief has compiled a list of the top 10 companies owned by Shaq as of 2023. American fast-food restaurant franchise Five Guys offers a variety of French fries and hamburgers. ABG did not have an update regarding which company will license footwear and apparel for Reebok, though Woodhouse said there was definite interest. Shaq is said to own 155 Five Guys Burgers restaurants, 40 24-hour fitness centers, 17 Auntie Annies Pretzels restaurants, 150 carwashes, several nightclubs in Las Vegas, a shopping center, and a movie theatre. You gotta have bachelors or masters and then if you want me to invest in one of your companies, you gotta have to present it, bring it to me, Ill let you know, Im not giving you nothing.. The brand offers over 60 products, including suits, shirts and other clothing accessories. The COVID-19 pandemic sealed JCPenney's fate. Nevertheless, even though he is connected to many brands either as an owner or endorser, he chooses his sponsors carefully. Following that mantra, Shaq went on to become the unofficial franchise king in the restaurant world, among others. Although they are only sometimes considered franchises, these car washes are profitable and serve the legendary basketballer well. ?Me !#BagDrop. That also made him fun and personable, which undoubtedly contributes to him being a good businessman. Though not comparable to his food franchises, the 4x NBA champ has also dabbled in fitness centers. 2023 Fairchild Publishing, LLC. 2010-2018 Mobile Cuisine, LLC - All rights reserved. Who owns JCPenney? How much stake does Shaq O'Neal have? "I make investments, not for the monetary reasons, but if it's going to change people's lives and if I see people enjoy doing it.". What do Marilyn Monroe, Elvis Presley, JCPenneys & Forever 21 all have in common??? ONeal also became the "big and tall style ambassador" for JCPenney in 2018, appearing in multiple advertising campaigns. In 2011, Shaq retired and took home approximately $292 million in cash without his extra earnings from sponsorships and advertisement deals. ABG owns numerous entertainment, lifestyle, and global media brands, including Forever 21, Barneys New York, JCPenney, Marilyn Monroe, Elvis Presley, and Reebok. Reebok Reimagines Beloved Classic Leather Trail with Help from Los Angeles Streetwear Brand Pleasures According to NBC Sports, Shaq is worth an estimated $400 million and is the joint owner of several Auntie Annie's Pretzels restaurants,. As mentioned earlier, Shaq has experience owning several food franchises. According to recent estimates, Shaquille ONeals net worth is upwards of $400 million. Some own the latest and most expensive car models that only the wealthiest can afford. Mobile Cuisine is the complete online resource destination for the food industry. The retail powerhouse, led by CEO Jamie Salter and president and CMO Nick Woodhouse, recently secured a pair of major new investors thanks to its talent in reviving struggling yet iconic brands. O'Neal recalled. The franchise was conceived by four Murrell brothers in 1986, and Big Diesel owns 155 Five Guys restaurants throughout America. "Who owns JCPenney? Away from the court, Shaq has made a name for himself on the big screen with such films as Kazaam (1996), Steel (1997), and Scary Movie 4 back in 2006. You Might Like: How Much Does a Jamba Juice Cost to Open? It sells famous burgers and fries incorporated with other dishes, and its location is hard to miss in the States. Did Shaquille O'Neal Go To Syracuse University? - PartyShopMaine Shaq is an active businessman and investor in several top U.S. corporations such as Apple, General Electric, and PepsiCo. Is Jcpenney A Sole Proprietorship? - Stellina Marfa ONeals stake is estimated at 2-4%, whom he bought in 2013. Find Out If Shaq Is The Owner of JCPenney and Forever 21! However, being the face of brands isnt the only thing Shaq has done in his career because whats a businessman if you dont own a few businesses. Other notable investments of Shaq include Beachbody, Forever 21, JC Penney, Elvis Presley, Reebok, NRG eSports, and Pepsi. He has also invested in a number of other companies, including a venture capital fund, an artificial intelligence startup, and an online education platform. These brands include some in the tech space, others in fitness and lifestyle niches. Shaq bought a share of Rings equity in 2016 and he later joined the companys marketing strategy as a brand ambassador. 14:45 (UTC), 7 July 2021 Investors will be able to own a piece of Shaq, Elvis and Marilyn, along with a clutch of well-known apparel and lifestyle brands, after brand licensing business Authentic Brands Group (ABG) filed to list its shares on the NYSE. What companies does Shaq own? Find out all the information here According to NBC Sports, Shaq is worth an estimated $400 million and is the joint owner of several Auntie Annies Pretzels restaurants, over 100 car washes, and 40 24-hour fitness centers. Apart from the two tech giants, most of his investments are right in his backyard. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. While emulating Bezos was truly brilliant, Shaq also incorporated his own style into his ventures. Does Shaq own Elvis Presley? Hoops Addict is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. The Big Diesel invested $840,000 in 9 other Papa John's restaurants, and when his name was used for marketing purposes, he pocketed a whooping sum of $8.5 million. All of these business and personal endeavors allowed Shaq to accumulate some $400 million up to date. ', Shaq is very involved in our business and very involved in his business with us, Woodhouse said. What Are Shaqs Future Business Ventures? He is reportedly in talks to acquire additional locations and expand his stake in the company. Heres a graphical representation of the franchised businesses Shaq has owned at some point: Shaqs other business interests include the following companies: JCPenney and Forever 21 are included in Shaqs list of business interests. Shaquille O'Neal's Net Worth and the Companies He Owns - Market Realist Shaq was a part-owner of the Sacramento Kings. ONeal also serves as the companys official spokesperson to help promote the chain. Shaq owns several movie theatres located all over the United States of America. You are warned: This list may need updating every month! C. Penney Company, Inc (carrying on with work as JCPenney and truncated JCP) is a midscale American retail chain organization with 689 locales in 49 states and Puerto Rico. The NBA icon wanted to run a business so that he could support himself once his playing days were over, thus he was motivated to expand the brand. What Is Shaq's Net Worth? (Updated 2023) - The Cold Wire Shaq reportedly owns 40 locations of the 24-Hour Fitness Centers across the country at the time of writing. All of these business and personal endeavors allowed Shaq to accumulate some $400 million up to date. Sign up to receive The Atlanta Black Star Newsletter in your inbox. He is also a partner in the ownership group of the Sacramento Kings. The company was founded in 1984 and has grown to become one of the largest retailers in the United States. As the business grew and achieved greater success, Shaq continued to put more money into it. This happened immediately following the contentious disclosure of their former CEO. ?Who Owns Elvis Presley?? Restaurants, retail malls, movie theater, car washes, and nightclubs are all part of Shaqs economic empire. Logan Green and John Zimmer launched the business in June 2012 with the goal of enhancing peoples lives with the best road transport available. > What Do NBA Players Do After They Retire? Who owns Marilyn Monroe? In the sports and fitness space, ONeal also carved a big name for himself. This figure is largely due to his success as an investor, entrepreneur, and television personality. However, according to Shaq in his interview in the Earn Your Leisure podcast, the entrepreneurs already sold off all his Auntie Annes franchises too. I'll let him explain. According to Suns teammate Grant Hill, he once choked Gordan Giricek in the locker room for something so trivial. All Rights Reserved.FN and Footwear News are registered trademarks of Fairchild Publishing, LLC. Since 2015, Shaq has owned interests in the Authentic Brands Group. ONeals fame is undoubtedly a factor in all of this, but its just a tiny part of his off-the-court success. Allegedly, it is reported that the star takes home around $60 million annually from his endorsements, deals, and various investments. Shaq has reportedly invested over $8 million in the company and currently owns 37 restaurants in the United States. Contribute to Atlanta Black Star today and help us share our narratives. I knew it then, I know it now: esports is still one of the fastest-growing industries and it just appeals to so many people.". "Who owns Elvis Presley? Armani, Azzedine Alaa, Comme des Garons, Christian Louboutin, and Ermenegildo Zegna were among the prominent luxury labels brought to the US market. The multinational pizza business was founded in 1984 by John Schnatter, and in 2019, Shaq became its new brand ambassador. Some own the latest and most expensive car models that only the wealthiest can afford. Shaq acquired 155 Five Guys restaurants, but eventually sold off the assets. Shaquille O'Neal Is a Partial Owner of Reebok, Forever 21, JCPenney The company is owned by Shaq through the Authentic Brand Group and deals with high-end latest fashion designs, accessories, and beauty products. Required fields are marked After his retirement from the NBA, Shaq pursued a career in business and entertainment. Coca-Cola purchased the brand name in 2007 after it had been developed in 1996. Sacramento Kings is a Sacramento, California-based American basketball franchise. So, how rich is Shaq, really? Most probably, the answer is no! Shaquille ONeal is one of the most famous athletes in the world and he is also an accomplished entrepreneur and investor. All Rights Reserved. For example, Michael Jordan and Kobe Bryant both have net worths of over $1 billion. Outside of franchises, Shaq invested in his very own restaurant called Big Chicken. The Big Diesel has a substantial and diversified investment portfolio that includes 50 distinct companies. In the case of Reebok, hewas adamant that the company make a competitive offer to acquire the footwear label from Adidas. JCPenney has significant Fine Jewelry segments, The Salon by InStyle, and Sephora within it, as well as offering customary items. In 2022, he signed a deal for more outreach to regions such as Phoenix and Dallas. Sneaker Releases: YG Delivers a New Block Runner Sneaker, Nobull Drops a Floral Collection + More News Players like Scottie Pippen and Dennis Rodman have met this fate. Forever 21 is currently owned by Authentic Brands Group and Simon Property Group. However, he is the second-highest individual shareholder of Authentic Brands Group, a brand development, marketing, and entertainment firm. How Shaq Became a Successful Entrepreneur. He is invested in brands such as the Authentic Brands Group, including Barneys New York, Forever 21, Reebok, and JCPenney, all contributing to his net worth. . In one of his recent tweets, Shaq revealed he has now acquired some of the most popular retail brands in the market. He also owns a percentage of Marilyn Monroe, Muhammad Ali, Forever 21, David Beckham, and Barney's New York. I wanted to partner with a company that could perhaps have my name go on forever, ONeal told FN. Given his success with Five Guys, Shaqs Pizza appears to be a franchising empire in the making. Shaq owns Forever 21, JCPenney, Elvis Presley, Marilyn Monroe, and others. Shaq is an investor and entrepreneur with a number of successful business ventures. Being that Im partners with [Jamie] the brand master and reviver, the guy who works magic I told him, I think you should get Reebok, ONeal told FN. JCPenney and Forever 21 are under the Authentic Brands Group together with other retail brands such as Reebok (which Shaq was a former endorser), and Barneys New York. Shaquille ONeal, a basketball legend and sports broadcaster, owns a portion of the Krispy Kreme franchise. Does Shaq Own Marilyn Monroe? - Bliss Tulle ONeal said he was initially attracted to ABG because the operation centered around fun, family values and getting things done. How does Shaq own Elvis Presley? Since 2013, Shaq has owned a minor portion of the Sacramento Kings. Definitely not. I never even heard of esports. Since 2015, Shaq has owned interests in the Authentic Brands Group. The mostly cash deal is worth 2.1 billion euro, or about $2.5 billion at current exchange, and is set to close in Q1 of 2022. Shaquille ONeal is one of the most well-known names in NBA history. Alright, thats a bit of a low blow, but I had to go there. Shaq is also heavily involved with the pizza chain Papa Johns. Shaq is an investor in the Papa Johns Pizza chain, an online ticketing platform called Game Plan, and a mobile gaming platform called Skillz. Does Shaq own JCPenney? 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Shaq is a former National Basketball Association star, current television basketball analyst, and a successful businessman. Basketball alone brought The Big Diesel upwards of $292 million (277 million) when he left the NBA, and he also made an additional $220 million (209 million) in deals and ads for companies like Reebok, Pepsi, and Oreos. Who owns Forever 21? Shaq continued. Included in this is the Big and Sloppy sandwich, which also comes with onion rings, macaroni and cheese, and barbecue aioli sauce. While he does not currently own JCPenney or Forever 21, he does have a number of successful business ventures and investments. In his recent weekly business conversations with the former athlete, Woodhouse related that most conversations, start[ed] off with, Have you bought Reebok yet? It feels like bragging." All in all, Shaq owns 50 brands and does not plan on stopping there. The four-time former NBA champion is among the 24-Hour Fitness centres investors. He opened one of them in his hometown, Newark, New Jersey partnering with Cory Booker, the town's mayor. FOREVER 21 which is owned by Shaq is a leader in the fashion business, bringing the latest trends to everyone while inspiring individual style and confidence. Shaq belongs to a group that owns about 5% of the team. Jordan Poole: girlfriend Kim Cruz, stats, contract, age, net worth. This is what growth looks like https://t.co/2xtdAyZW48. Want to read more articles like this one? The renowned entrepreneur has also ventured into the entertainment industry, appearing in numerous films and television shows. The latter allowed him to cross over mainstream TV and movies seamlessly. JCPenney is an American department store chain with over 1,000 locations in the United States and Puerto Rico. and added it to the long list of his assets. Are these franchises only Shaqs business interests? ONeal has owned shares in ABG since 2015, when he sold the rights to his name brand to the company. What is Shaq invested in? (2023) - investguiding.com The project cost was estimated to be $7 million, and it had a 40-foot 3D digital screen. Moreover, Shaq also dabbled in tech (Apple, Google, Loyal3) and real estate. So, when I was retiring, Im looking around, Im like How does Michael Jackson and all these guys live forever? So, one of the chapters in the book, joint venture-ship. Your email address will not be published. If someone says, would you stand in front of a freight train for Shaquille ONeal, the answer is yes because hes a real partner, Salter said. The former basketballer is the second-highest shareholder of the Authentic Brands Group, which owns JCPenney. Allegedly, it is reported that the star takes home around $60 million annually from his endorsements, deals, and various investments. Over the years, Shaquille O'Neal has stacked up many successful businesses and made smart investments that have led to his $400 million net worth . "I make investments, not for the monetary reasons, but if it's going to change people's lives and if I see people enjoy doing it," he said. Of course, Shaq did not stop there. He joined the chain of fitness centres in 2013 as a brand ambassador and gradually worked up the ladder to the board of directors in 2016, and 2019 he became an advisor. My real business is I own 50 brands, Shaq explained. Despite the undeniable success of his ventures, Shaq did not ever stop building his personal brand and expanding his reach. > Whats the Average Retirement Age for NBA Players? Shaquille ONeal is largely regarded as one of the greatest basketball players of all time. Who owns Forever 21? And then one day I wasnt even thinking about it and he said, I got a big surprise for you. Shaquille ONeals business investment portfolio is wide-ranging. Meet Tom Brady's daughter, Vivian Lake Brady: Family and facts, List of all companies owned by Shaq as of 2023. Although he told CNBC that he has since sold his stake, he did admit that the burger business had been "very good" to him. In recent years, ONeal has vocalized his desire to purchase Reebok through his partnership with ABG. The multinational pizza business was founded in 1984 by John Schnatter, and in 2019, Shaq became its new brand ambassador, investor, and owner. @SHAQ owns it!!!. What Does Shaq Own? Shaq Franchises And Businesses , Big Chicken is a brand that has partnered with big companies like the RS Hospitality and the Authentic Brands Group. , and whats his secret to becoming richer than ever? With Reebok now under the ABG umbrella, ONeal is a partial owner of Reebok, along with the other brands in the. The multi-titled NBA champion has acknowledged in interviews that he has always realized money might vanish as soon as it appeared. The answer to this question is no. His business portfolio is nothing less than the work of a financial genius. Does Shaq Own Papa Johns? (2023) - fashioncoached.com At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. Does Shaquille O'Neal own JCPenney? Looking at the 4x champ's Meet Jamie Salter, CEO of Forever 21, Barneys Owner Authentic Brands As per the report, he claims 155 Five Guys Burgers areas, 17 Auntie Annies Pretzels areas, 150 vehicle washes, 40 24-hour wellness focuses, a shopping center, a cinema, and numerous Las Vegas clubs. Shaq also has interests in Google Inc AKA Alphabet. The Uncle Jerome is a chicken sandwich with lettuce, mayo, and pickles that are themed after Nashville and are perfect for people who prefer their sandwiches to be a little bit hotter. The company is owned by Shaq through the Authentic Brand Group and deals with high-end latest fashion designs, accessories, and beauty products. Does Shaquille o Neal own JCPenney? Some may catch you by surprise because they are entirely out of his comfort zone. What Companies Does Unilever Own In 2023 DATAROMA, What Companies Does Dodge Own In 2023 DATAROMA, Bill Gates Portfolio 2023 Stock Holdings- DATAROMA, Dexcom Stock Split in 2023 [What You Should Know]. Shaquille O'Neal Bragged About his $400 Million Net - EssentiallySports But did you know that Shaq has evolved into successful entrepreneur post NBA? Taking a page from Warren Buffetts book, Shaq also wouldnt invest in cryptocurrency because he said he didnt understand it.. This say includes being the key voice in the companys acquisition of Reebok. According to various online analysts, SportsBrief has compiled a list of the top 10 companies owned by Shaq as of 2023. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Numerous doughnut varieties are available at Krispy Kreme, along with coffee, beverages, and merchandise. What is the Best Zone Defense for Youth Basketball. ONeals assessed total assets is $400 million, as per NBC Sports. Playboy, Millings responded. O'Neal is the second-largest individual shareholder of Authentic Brands Group, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York, JCPenney and . Who owns Marilyn Monroe, the former basketball star asked the two hosts. Numerous businesses, including Coca-Cola, Red Bull, and Intel, support eSports competitions. 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Shaq owns Forever 21, JCPenney, Elvis Presley, Marilyn Monroe, and others.