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After amassing close to $300 million in salaries (on top of numerous endorsement deals, films, and a brief stint in the music industry) during his 19-year NBA career, Shaquille O'Neal has been spending his money wisely since retiring from the game seven years ago. His newest business ventures come in the form of a new restaurant which is reportedly going to be located in downtown L.A.
According to food website Eater L.A., Shaq's new restaurant is set to open in L.A. Live, which is in close proximity to O'Neal's old stomping grounds, the Staples Center. The website also says that the establishment is going to be aptly called Shaquille's.
Here's a sneak peek of the under-construction restaurant care of ESPN's Tucker Tashjian.
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This is not the 46-year-old's first foray in the food business. In fact, Shaquille O'Neal has established himself as quite a mogul in the industry with several investments in various brands Per moneyinc.com, the four-time NBA champions owns 155 Five Guys branches (good for a 10% share of the entire company), as well as 17 Auntie Anne's locations, among others.
The website also states that O'Neal has diversified his investments into other types of businesses including health and fitness (he reportedly owns 40 24 Hour Fitness locations), technology (Shaq was an investor in Google even before it became a public company), and real estate (he established a company called The O'Neal Group which focuses on the purchase and selling of both commercial and residential properties), to name a few.
Despite his brawny stature and comical demeanor on the court, O'Neal definitely had a very high basketball I.Q. He was able to successfully transition his on-court smarts to his life post-basketball, and has become one of the most successful retired NBA stars today.
