How Shaquille O’Neal, Venus Williams, and Millionaire Rapper Rick Ross Earn More Than Most People in the World From Various Franchise Businesses

NBA gamers usually bag fortunes as they undergo their careers in the greatest basketball league in the world. However, some face issues after hanging up their sneakers. According to a 2009 report by Sports Illustrated, nearly 60% of NBA gamers go broke inside 5 years of retirement. But there are just a few who ascend to an additional stratosphere. One of them is NBA nice Shaquille O’Neal. And there appears to be a secret method between him and a gaggle of different high athletes.

Shaq is extremely thought to be the most dominant pressure to ever hit the NBA. Over a 19-year profession of ruthless dunks, the Big Diesel revamped $250 million in salaries alone. However, since then, the star of Kazaam has grown a enterprise empire for himself. Raising his internet price to over $400 million, Shaq earns greater than he did in the NBA yearly at the age of fifty.

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Here is how the likes of the Los Angeles Lakers legend, Venus Williams, and rapper Rick Ross are doing it.

How Shaquille O’Neal, Venus Williams, and others make tens of millions via franchises

Sitting down for an interview with Brett Kelly, the Big Diesel spoke about life after retirement. After his 19-year run in the NBA, Shaq needed to start out his personal enterprise. His first technique to be taught got here from a guide, ‘The Dummies Guide To Starting Your Own Business’. Most of the chapters didn’t catch the four-time NBA champion’s eye. However, there was one a part of the guide which helped Shaq develop into one in every of the greatest enterprise tycoons. Notably, he opened up about studying the artwork of joint ventureships.

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Shaquille O’Neal mentioned: “It was a chapter that basically piqued my curiosity, joint ventureships. For instance, if I used to be to start out an accounting agency in America, that is after I would name you.” Shaq continued, “You have already got 30 corporations right here. So you understand what you are doing in order that’s the finest technique to do it. I might most likely say, ‘I received an accounting agency’ however I’m probably not doing all the work.”

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Shaq’s franchise empire is one in every of the largest. Owning 155 Five Guys Burgers and Fries eating places, 40 24-Hour Fitness Clubs, and 17 Auntie Anne’s Pretzels. The Big Diesel is undoubtedly a grasp of franchises. Others have additionally caught on to Shaq’s secret recipe for amassing wealth. Notably, millionaire rapper Rick Ross owns a number of franchises of WingStop. Tennis legend Venus Williams owns 4 franchises of Jamba Juice amongst her different enterprise ventures.

LAS VEGAS, NEVADA – OCTOBER 23: Former NBA participant Shaquille O’Neal laughs as he attends the unveiling of the Shaq Courts at the Doolittle Complex donated by Icy Hot and the Shaquille O’Neal Foundation in partnership with the metropolis of Las Vegas on October 23, 2021 in Las Vegas, Nevada. (Photo by Ethan Miller/Getty Images for Icy Hot)

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The franchise enterprise has helped many athletes have a dependable return on their investments. However, whereas it might not essentially require any work on their finish throughout the deal, these greats needed to sweat it out first. Earning the cash to purchase these franchises via their years of dedication and dedication to sporting success was the key. And Shaquille O’Neal and Venus Williams rank amongst the high. Hence, the mantra of success nonetheless resides in arduous work. Without the blood, sweat, and tears, even Shaq would not be in this place right now.

What do you consider Shaq’s franchise companies? Share your ideas in the feedback under.

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