Shaquille O’Neal Who Is One Of Most Successful Investor Turned $250,000 into $400 Million with Google Investment
Although Shaquille O’Neal is largely regarded as the most dominant player in NBA history, some argue that he is also the most successful investor among NBA players. Shaq amassed a considerable fortune during his basketball career, and he wisely invested it, including an early investment in Google.
On Twitter, Andrew Petcash shared the story of how Shaquille O’Neal transformed a $250,000 investment in Google into a significant profit and highlighted that Shaq still holds shares in the company to this day. Petcash’s informative thread also unveiled that Shaq decided to invest in Google after overhearing a conversation about the venture between two individuals at a restaurant.
Shaquille O’Neal earned $400 million by investing
It’s 1999 and Shaq is dominating the world of basketball.
Over the next 3 years, he will go on to win consecutive championships with the LA Lakers.
But what he did off the court is even more impressive… pic.twitter.com/UpwxMWl3Qv
— Andrew Petcash (@AndrewPetcash) June 17, 2023
He walks over to their table and asks “Can you please say that again?”.
The two gentlemen offer him a seat.
Not too long after, Shaq tells them “𝙄 𝙬𝙤𝙪𝙡𝙙 𝙡𝙞𝙠𝙚 𝙩𝙤 𝙞𝙣𝙫𝙚𝙨𝙩 𝙞𝙣 𝙩𝙝𝙞𝙨”.
So what is it? pic.twitter.com/viLLDghjjF
— Andrew Petcash (@AndrewPetcash) June 17, 2023
It’s safe to say Shaq made a boatload.
How much?
~$112M for every $100,000 invested 💰
And best yet, Shaq forgot he made the investment until he saw Google's IPO on TV. pic.twitter.com/hZpdKJbt7R
— Andrew Petcash (@AndrewPetcash) June 17, 2023
• Beginner’s luck?
• Being in the right place at the right time?
• A deliberately executed plan by Google to get in front of Shaq?No matter the truth, it is still one of the best athlete investments of all time.
— Andrew Petcash (@AndrewPetcash) June 17, 2023
Shaquille O’Neal took a risk by investing in Google, even though he was unsure how the investment would pan out. Despite the uncertainty, he took the chance, and it is evident that it was a fantastic decision. Google has subsequently grown to become one of the world’s top technology corporations, with a major market presence on the internet.
Shaq gained a massive fortune
Shaquille O’Neal didn’t solely invest his huge earnings from his career in Google. He has a vast investment portfolio that includes popular franchises like Papa John’s and Five Guys. Shaq has made exceptional investment choices throughout his career and has made significant contributions while being involved with these prominent companies.
The NBA provides athletes with an excellent platform to boost their worth. Shaq, on the other hand, went above and above to ensure that he could invest the money he received from the league, ensuring his family’s financial stability in the long run. Shaq revealed his future plans for distributing his substantial money. He is considered as one of the best investors of his time, and he deserves to be recognised for his ability to make great investment decisions.
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