So, one of the chapters in the book, joint venture-ship. Did Shaquille O'Neal Go To Syracuse University? - PartyShopMaine This figure is largely due to his success as an investor, entrepreneur, and television personality. So it is not surprising that many people are wondering if Shaq is the owner of JCPenney and Forever 21. When his basketball career was over, ONeal had three jerseys retired #33 (LSU), #32 (Miami Heat), and #34 (Los Angeles Lakers). But getting those points is more complex than it seems. Does Shaquille O'Neal own JCPenney, Forever 21, and Elvis Presley . As Salter previously explained in an interview with FN in ABGs New York offices, moments before ONeal closed the deal to sign away half of his brand proceeds to ABG, he turned to Salter with an idea. Heres a list of other investments Shaq has made through the years. Im going to send you something. Most of his companies are based on fast foods, for instance, the Five Guys and the Big Chicken restaurants, while others deal with fashion, fitness, and car washes. ?Who Owns JCPenny?? Dont look at it, just sign it. So I signed it. Shaq is said to be worth $400 million, or a little around 380 million. This investment led to significant returns for the investor. According to the facts, Shaq owns 50 distinct brands, which he also revealed himself. analysts, SportsBrief has compiled a list of the top 10 companies owned by Shaq as of 2023. The Big Chicken franchise, owned by O'Neal, is a fast-food dining service that serves delicious chicken sandwiches in large portions and other side dishes. Though not comparable to his food franchises, the 4x NBA champ has also dabbled in fitness centers. Who owns Forever 21? Despite the undeniable success of his ventures, Shaq did not ever stop building his personal brand and expanding his reach. All in all, Shaq owns 50 brands and does not plan on stopping there. JCPenney, Under New Ownership, Is Homeless For The Holidays - Forbes Here are all the details. Considering that each Auntie Annes costs about $385,000 to open, ONeal apparently owns seventeen sites, including ones in Michigan and Buffalo, New York. 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. He also holds several franchises with popular restaurant chains. Does Shaq Own Five Guys? - CLJ - Community Literacy O'Neal is reportedly the second highest individual shareholder of the Authentic Brands Group. NBA legend Shaquille O'Neal recently blew the internet away with a small sneak peek of his extensive financial portfolio. Join our newsletter & get our comprehensive101-pagebasketball guide. With all these things considered, there are endeavors he wont touch with a ten foot pole. As a successful businessman and a former professional basketball player, Shaq has proven that anyone can do whatever they set their mind to. Pretzel dogs, pretzel bits, and beverages are also offered by this chain thats often found in US malls. 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. I called the three companies that helped people live forever, and they bought my brand for a lot of money. All rights reserved. Although Shaq has invested in a number of businesses, he does not currently own any of the major retail brands. The Hall of Famer owns 17 Auntie Anne's pretzels restaurants across the United States of America, with an approximate value of over $300,000. In 2016, O'Neal bought Krispy Kreme cafeteria valued at $2.75 million and added it to the long list of his assets. Please fill out this field with valid email address. In his recent weekly business conversations with the former athlete, Woodhouse related that most conversations, start[ed] off with, Have you bought Reebok yet? My passion is personal finance and financial advising. Meanwhile, The Richest values Shaq net worth at $450 million as of 2022, and Wealthy Gorilla estimates it to be $500 million as of 2022. Who owns JCPenney? How much stake does Shaq O'Neal have? My goal is to provide practical advice and insights to help my readers make informed financial decisions and achieve their financial goals. Is Jcpenney A Sole Proprietorship? - Stellina Marfa and added it to the long list of his assets. First and foremost, he was a great basketball player. Enter your email to get access to our best tips for success. In this business venture, Shaq collaborated with the brand development and entertainment company Authentic Brands as well as the catering and events company JRS Hospitality. JCPenney and Forever 21 are included in Shaq's list of business interests. What Companies Does Lebron Own? - Bliss Tulle The Rumor Is Out: Is Snapchat Really Getting Deleted in 2022? Shaquille O'Neal Net Worth Now it's great that Shaq owns a lot of franchises and other businesses. The company's low pricing on products and humble shopping environment is what attract buyers from all over the world. Reebok Reimagines Beloved Classic Leather Trail with Help from Los Angeles Streetwear Brand Pleasures I dont believe that ABG would be where we are today without Shaq, and I dont believe that Shaquille ONeal would be where it is today without ABG. ONeal also serves as the companys official spokesperson to help promote the chain. 2023 Fairchild Publishing, LLC. "My real business is I own 50 brands," O'Neal explained. In the case of Reebok, hewas adamant that the company make a competitive offer to acquire the footwear label from Adidas. Through the years, Reeboks revenues declined and in December of 2020, Adidas announced it would sell the business. He said, Congratulations, my friend, we own Reebok. And it was one of the best days in my life., Footwear News is a part of Penske Media Corporation. His net worth is estimated to be around $400 million and he is always looking for new business opportunities. The project cost was estimated to be $7 million, and it had a 40-foot 3D digital screen. ONeal said he was initially attracted to ABG because the operation centered around fun, family values and getting things done. Back when I grew up in the 90s, Shaquille ONeal was viewed as a dominant NBA center with a charismatic and sometimes silly personality. I wanted to partner with a company that could perhaps have my name go on forever, ONeal told FN. 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.". He is widely regarded as one of the greatest NBA players of all time. Esteban Ocons net worth, height, salary and girlfriend. Top 10 football stars with the most expensive car collections. Click here to get a new food business case study with revenue numbers delivered each week. My real business is I own 50 brands, Shaq explained. Shaq is the majority owner of the restaurant that was founded in 2018. Does Shaq Own Reebok, JCPenney, Forever 21, and Barneys New York It has no need for a massive corporate headquarters campus. He is also known for his business acumen and success as an entrepreneur. 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Then you may alsolike our other basketball FAQ articles here. As sprawling as Shaqs success is as a player, he probably did more as a businessman. Restaurants, retail malls, movie theater, car washes, and nightclubs are all part of Shaqs economic empire. Shaquille ONeals business investment portfolio is wide-ranging. All of these business and personal endeavors allowed Shaq to accumulate some $400 million up to date. GOOD aligns unparalleled expertise in social science, social media, and social change. 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. He continues to follow Authentic Brands Group CEO and billionaire entrepreneur Jamie Salter. Five Guys Enterprises LLC (doing business as Five Guys Burgers and Fries) is an American fast-casual restaurant franchise based in Lorton, Virginia, an unincorporated section of Fairfax County.