• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Refreshing reason Shaquille O'Neal's $500,000,000 fortune won't go to his children

Home> Celebrity> News

Published 13:48 18 Dec 2024 GMT

Refreshing reason Shaquille O'Neal's $500,000,000 fortune won't go to his children

'We ain't rich. I'm rich'

Ellie Kemp

Ellie Kemp

Shaquille O'Neal has revealed why he won't be sharing his $500 million fortune with his six children.

The former NBA star made a name for himself playing basketball for teams like the LA Lakers, Orlando Magic, and Miami Heat and now has a net worth of around $500 million.

While he racked up some of his money from his sports career, he's managed to keep the cash rolling in since his retirement in 2011 by backing businesses - including a $250,000 investment he 'accidentally' made some 25 years ago, which is now worth a fortune.

He might've retired 13 years ago, but Shaquille O'Neal is still an NBA legend (Bob Riha, Jr./Getty Images)
He might've retired 13 years ago, but Shaquille O'Neal is still an NBA legend (Bob Riha, Jr./Getty Images)

Advert

But O'Neal has revealed in the past that he will invest into his kids rather than just handing them his money, quipping: "We're not rich. I'm rich."

O'Neal shares four children with ex-wife Shaunie O'Neal: sons Shareef, 24, and Shaqir, 21, and daughters Amirah, 22, and Me'arah, 18.

The 52-year-old is also dad to stepson, Myles, 27, from Shaunie's previous relationship, and eldest daughter, Taahirah, 28, with his former girlfriend, Arnetta Yardbourgh.

He previously told Earn Your Leisure: “My kids are older now. They kinda upset with me - not really upset - but they don't understand. Because I tell them all the time. We ain't rich. I'm rich.

Advert

“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 continued: “There's one rule: education. I don't care if you play basketball. I don't care about none of that.

O'Neal and his sons Shareef (L) and Shaqir in 2019 (LISA O'CONNOR/AFP via Getty Images)
O'Neal and his sons Shareef (L) and Shaqir in 2019 (LISA O'CONNOR/AFP via Getty Images)

“Listen, I got six kids. 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. But I tell them I'm not going to hand it to you. You gotta earn it.”

Advert

On the note of money, O'Neal has previously denounced being a 'celebrity,' as he told the New York Post in 2021: “All my life, everyone probably gets stereotyped, but us celebrities, we get stereotyped because most of these celebrities are out of their mind.

"I don't do that. I'm a regular person that listened, followed his dreams and made it."

He added: “I came from nothing. But, just because I made it doesn't mean I'm bigger than you, smarter than you - just because I have more money doesn't mean I'm better than you. I've never been that way and I never will be that way. So I don't want to be in that category of people.”

Featured Image Credit: Ethan Miller/Getty Images/Denise Truscello/Getty Images for The Shaquille O'Neal Foundation

Topics: NBA, Basketball, Celebrity, Money, Business, Education

Ellie Kemp
Ellie Kemp

Advert

Advert

Advert

  • Shaquille O'Neal explains why he won't share $500,000,000 fortune with his children
  • Billionaire Warren Buffett explains why he will not leave $150,000,000,000 fortune to his children
  • Shaquille O'Neal loses $2,100,000 a year after making $27,000,000 luxury purchase he said he'd never buy
  • Shaquille O'Neal 'accidentally' invested $250,000 in company and it's now worth huge amount after business blew up

Choose your content:

an hour ago
a day ago
  • an hour ago

    Superman actor Terence Stamp dies aged 87 as family release emotional statement

    The Oscar-nominated actor has tragically passed away

    Celebrity

    breaking

  • a day ago

    Sophie Turner details moment she unintentionally caused celebrity couple to break off engagement

    Turner admitted that a misunderstanding led to the couple breaking up

    Celebrity
  • a day ago

    Willow Smith hits back after emotional selfie with very NSFW message sparked concern

    Willow's selfie garnered some backlash, and she's not having it

    Celebrity
  • a day ago

    Sean Kingston sentenced to 3.5 years in prison for fraud scheme after making three-word plea to police

    Sean Kingston cried as the verdict was read out in court

    Celebrity