Shaquille O’Neal says he 'quadrupled' his net worth after adopting an investment strategy he learned from Jeff Bezos

shaquille oneal 1

  • In a recent
    Wall Street Journal interview
    , former basketball star and
    current angel investor Shaquille O’Neal said he “probably
    quadrupled” his net worth after adopting an investment strategy
    similar to Amazon founder and CEO Jeff Bezos.
  • O’Neal’s
    personal investments
    include a 1999 investment in Google and a

    stake in Apple
    .
  • He told the Wall Street Journal that he “heard Jeff
    Bezos say one time [that] he makes his investments based on if it’s
    going to change people’s lives,” and “once I started doing that
    strategy, I think I probably quadrupled what I’m
    worth.”
  • Visit
    Business Insider’s homepage for more stories.

There’s nothing average about former basketball star turned
angel investor Shaquille O’Neal. So when he says he “probably
quadrupled” his net worth using a simple investing strategy, it’s
worth paying attention to.

In a
recent interview with the Wall Street Journal
, O’Neal said: 
“I heard Jeff Bezos say one time [that] he makes his investments
based on if it’s going to change people’s lives,” and “once I
started doing that strategy, I think I probably quadrupled what I’m
worth.”

That adds up. During his 19-year career in the NBA, O’Neal
racked up around $300 million that he’s used to invest
in everything
from early stakes in Google and
Apple
to an empire of Vegas nightclubs and fast food franchises
like Five Guys, Auntie Anne’s and Papa John’s, according to
Money

Since retiring from the league in 2011, O’Neal has been an
outlier in the
trend of professional athletes that struggle with finances
post-retirement
. O’Neal took his earnings and reinvested them
according to what he liked, he told the Wall Street Journal.

Read More:
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compare.

“If something comes across my desk and I don’t believe in it, I
don’t even look at it,” O’Neal told the Wall Street Journal.
“Whenever I do business, it’s not about the money.”

He said Google has been his best investment by far, but he most
enjoys his investment in the Krispy Kreme donut chain.

“I like donuts…Krispy Kreme is a fabulous donut. I was
introduced to it in college and have been in love with it ever
since,” O’Neal told the Wall Street Journal.

SEE ALSO: Their
last startup sold to VMware for $1.54 billion. Now, they’re back
with OneTrust, a privacy startup that’s raised $200 million in its
first-ever outside investment, valuing it at $1.3
billion.


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Shaquille O’Neal says he 'quadrupled' his net worth after adopting an investment strategy he learned from Jeff Bezos