Shaq’s Vision Behind His Investments is not Just About Making Money. He has Set Out to Change Lives for the Better Through Franchise Ownership.
Former NBA star Shaquille O’Neal has a reported net worth of some $400 million, with much of that tied up in ownership of a bevy of franchise restaurant units. As reported by Findingfuel.com, these include 17 Auntie Annie’s Pretzels restaurants, nine Papa John’s, one Krispy Kreme and a Big Chicken restaurant that is being franchised. He formerly was part-owner of 155 Five Guys restaurants.
Success With Food Franchises
How’s this working out for him? In a television interview, O’Neal said he makes more annually from his business investments than he did from his $30 million-a-year basketball paycheck. He also told the interviewer that when looking at a potential franchise business, he invests only if he personally likes a product and/or company.