Shaq has a strict rule for his children that dictates how much inheritance they get
Ali Condon
Featured Image Credit: The Ellen Degeneres Show / Shutterstock
In the era of the nepo baby, you might think that the likes of Shaquille O'Neal's kids would be pretty much set for life.
But the NBA legend has strict rules that his six children need to follow - especially if they want to see a slice of that inheritance in the future.
Shaq, who is said to be worth an estimated $400 million, has no plans on sharing any of his hard-earned cash with his kids, unless they can prove to him that they deserve it.
Advert
With his ex-wife Shaunie O'Neal, Shaq shares sons Shareef, 23, and Shaqir, 19, stepson Myles, 25, and daughters Amirah, 21, and Me'arah, 16.
He also shares his third daughter Taahirah, 26, with his ex-girlfriend Arnetta Yardbourgh.
The former LA Laker has maintained close friendships with both mothers of his children and is a hands-on co-parent.
But if you're one of Shaq's kids, you've got to follow his rules.
In an interview with Ellen DeGeneres, Shaq explained what his kids have to do if they want to see any of his dough.
"My most famous rule is: in order to touch any of my cheese, you have to present me two degrees," he explained.
"Their father is very successful. So, as a father, I'm not going to give them handouts. They have got to get a bachelors and a masters."
Explaining his thought process behind the rule, Shaq told the Earn Your Leisure podcast: "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."
He continued: "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."
Shaq also hopes that his kids will one day approach him with a their own business ideas - but he won't go easy on them then, either.
The dad-of-six told People that he expects to see a resume and business plan along with numbers to support their idea.
He added: "I don't give a s**t what you are, because if it's done the right way, I believe in nepotism."
No pressure, kids. But the nepo-baby legacy rests on your shoulders.