The former NBA star, who has stayed in the spotlight for various reasons since retiring, has built a strong business profile and continues to grow his wealth outside of basketball.
With his huge fortune, Shaq has invested in several business ventures, including owning multiple Papa John’s franchises in Atlanta, and previously holding stakes in around 155 Five Guys locations.
Even though he is comfortable spending money on himself, he has made it clear in past interviews that he does not plan to simply hand over his wealth to his children.
The former LA Lakers player has instead taken a firm stance, saying his kids need to find their own path and build something for themselves.
At the same time, he is not completely cutting them off. He has said he is open to supporting their business ideas and future plans, but only if they show effort and come prepared.
“You’ve got to have Bachelor’s or Master’s degrees and then if you want me to invest in one of your companies, you’re going to have to present it. Bring it to me, I’ll let you know. I’m not giving you nothing,” he added.
When speaking about what he hopes for his children, Shaq explained that he wants them to aim high and build careers in fields like medicine, finance, law, or business, rather than relying on his success.
“I would like a doctor, somebody to own a hedge fund, a pharmacist, a lawyer, someone that owns multiple businesses, someone to take over my business,” Shaq continued.
Some of his children, including Shareef and Amirah, are already pursuing basketball, so if they continue on that path, there is a chance they could build their own careers and wealth in a similar way to their father.
