Shaq’s Vision Behind His Investments is not Just About Making Money. He has Set Out to Change Lives for the Better Through Franchise Ownership.
Former NBA star Shaquille O ’ Neal has a reported net income worth of some $ 400 million, with much of that tied up in possession of a bevy of franchise restaurant units. As reported by Findingfuel.com, these include 17 Auntie Annie ’ mho Pretzels restaurants, nine Papa John ’ south, one Krispy Kreme and a Big Chicken restaurant that is being franchised. He once was part-owner of 155 Five Guys restaurants .
How ’ s this working out for him ? In a television interview, O ’ Neal said he makes more annually from his commercial enterprise investments than he did from his $ 30 million-a-year basketball paycheck. He besides told the interviewer that when looking at a potential franchise business, he invests only if he personally likes a product and/or company .
Shaq’s Net Worth is Just Part of the Picture
Although Shaq ’ south net deserving is off the charts, that ’ s only region of his winning game design. He besides has set out to change lives for the better through franchise ownership. In a 2021 interview in The Wall Street Journal, O ’ Neal said the follow creed besides plays a huge part in his decisions : “ Whenever I do business, it ’ s not about the money. I heard Jeff Bezos say one time when he was talking – he says he makes his investment based on if it ’ randomness going to change people ’ s lives for the better. And once I started doing the strategy, I think I credibly quadrupled what I ’ meter worth now. ”
so what food franchises does Shaquille O ’ Neal own ? here ’ s a look, per Findingfueld.com :
Auntie Anne’s signature food is hot-out-of-the-oven, tantalizingly aromatic voiced pretzels. The brand besides sells pretzel dogs, pretzel bites and beverages. Established in 1988, Auntie Anne ’ sulfur has about 2,000 units in shopping centers and fare hubs ( airports and train stations ) global. O ’ Neal reportedly owns nine locations in Michigan and eight in Buffalo, N.Y. The cost to open each Auntie Anne ’ randomness is around $ 385,000, so that brings O ’ Neal ’ sulfur investment to around $ 6.5 million .
O ’ Neal would like to own 100 units of 83-year-old Krispy Kreme, according to TMZ. His current franchise is in Atlanta, which came with an approximate price tag of $ 2,750,000. The franchise is celebrated for its fresh hot doughnuts but besides sells hot and coldness beverages, soft-serve ice cream, and assorted shakes. O ’ Neal told The Wall Street Journal that Krispy Kreme is his darling business attempt. He went on to explain that it ’ sulfur because “ I like doughnuts, and Charles Barkley loves doughnuts. And he ’ second my biggest customer. I wan sodium be a large function of that occupation. ”
O ’ Neal ’ s nine Papa John’s pizza franchises cost in the vicinity of $ 800,000 a nibble, so he looks to have holdings worth in the vicinity of $ 7 million. He besides serves as a mark ambassador for the 37-year-old company and has been on its board of directors since 2019. Another sports great, retired NFL quarterback Peyton Manning, owned Papa John’s franchises until 2018 .
O ’ Neal has announced plans to grow Big Chicken, which specializes in mega-sized chicken sandwiches liberally bulked up with items such as coleslaw and macaroni and cheese. O ’ Neal is majority owner of the restaurant, which he founded in 2018. He goes on-camera to market the menu.
Read more: Who Invented Pizza?
Although O ’ Neal has divested of his Five Guys impale, it ’ randomness worth noting that he probably spent $ 100 million or more for his share of 155 Five Guys franchises. Founded in 1986, the restaurant sells burgers, fries and beverages in clean malls, transportation system hubs, sports arenas and on college campuses .
Making a Difference through Franchise Ownership and Promoting Diversity
O ’ Neal is not merely changing lives for the better through franchise possession, but he has set out to make a remainder by promoting diversity as a seller. The basketball legend co-founded Majority — an ad agency focused on diversity. His vision is to tell stories about diverseness and “ help open doors, connect dots, create opportunities and observe successes, ” said cofounder Omid Farhang in an interview with businessinsider.com .