NBA legend Shaquille O’Neal supposedly made a $250,000 “unexpected” financial investment in tech giant Google, which has actually now grown significantly, contributing considerably to his existing net worth.
What Occurred: O’Neal, much better referred to as Shaq, invested $250,000 in Google, which he later on referred to as an “mishap.” This financial investment has actually played a considerable function in improving his projected net worth of $500 million.
While his NBA profession revenues form a part of his wealth, his post-career financial investments represent a substantial part.
According to a report by Expert, in the book A-List Angels: How a Band of Stars, Artists, and Athletes Hacked Silicon Valley, author Zack O’Malley Greenburg stated his discussions with Shaquille O’Neal about his financial investment method, including his early choice to purchase Google.
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Shaq made the financial investment in Google throughout the business’s early days and just recognized the success of his financial investment upon checking out it in a paper. “The paper informed me just how much I made and I could not think it,” O’Neal stated.
Greenburg states that Shaq was having fun with some kids at a dining establishment when he took place to satisfy their daddy, who was a popular financier.
” He stated, ‘Shaq, I like you, I got something for you. It existed to me, I understood it was gon na strike,” O’Neal stated.
” And I stated, ‘Wow, I’ll attempt it.’ My only remorse is that I want I would have purchased more,” he included
Although the precise timing of O’Neal’s financial investment is not understood, if he had actually invested $250,000 and kept all his shares, they would have deserved around $16.5 million on the date of Google’s 20th anniversary of its going public.
Why It Matters: Shaq’s financial investment story acts as a testimony to the capacity of tech financial investments. His “unexpected” financial investment in Google, among the world’s biggest tech business, has actually yielded considerable returns, showing the power of tactical financial investment, even if unintended.
This occurrence likewise highlights the value of diversity, as O’Neal’s wealth is not exclusively dependent on his NBA profession revenues however is considerably boosted by his smart post-career financial investments.
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This material was partly produced with the aid of AI tools and was evaluated and released by Benzinga editors.
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