sportbible homepage
sportbible homepage
  • Football
  • Boxing
  • UFC
  • Home
  • Football
    • Premier League
    • Champions League
    • World Cup
    • England
    • Transfer News
    • Manchester United
    • Liverpool
    • Arsenal
    • Real Madrid
    • Barcelona
  • Formula 1
    • Red Bull
    • Ferrari
    • McLaren
    • Mercedes
    • Max Verstappen
    • Lewis Hamilton
    • Lando Norris
    • George Russell
    • Charles Leclerc
  • Boxing
  • UFC
  • More Sport
    • Tennis
    • Golf
    • NBA
    • NFL
    • Darts
    • Athletics
    • Rugby
    • Wrestling
  • Advertise
  • Terms
  • Privacy & Cookies
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Snapchat
TikTok
Threads
YouTube
Submit Your Content Here
  • LADbible
  • Tyla
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • FOODbible
  • UNILAD Tech
Shaquille O’Neal says his children need two degrees to access his $400 million fortune

Home> NBA

Updated 17:01 27 Aug 2022 GMT+1Published 16:58 27 Aug 2022 GMT+1

Shaquille O’Neal says his children need two degrees to access his $400 million fortune

The former LA Lakers star has revealed all.

Daniel Marland

Daniel Marland

google discoverFollow us on Google Discover

Shaquille O'Neal has told his children they need to earn two university degrees if they want access to his mammoth inheritance.

The NBA legend has six children and enforced strict rules on how they can get a slice of his wealth.

Per Celebrity Net Worth, Shaq's net worth sits at a staggering $400 million and he earns $60 million-per-year thanks to a number of lucrative endorsements.

Advert

"In order to get my cheese, you have to present me with two degrees," the 50-year-old explained to Channel 7’s Sunrise in a recent interview.

O'Neal pictured back in June. (Image
Alamy)

The former LA Lakers centre made $292 million in a 19-year career, which saw him win four NBA championships and finals MVP in 2000, 2001 and 2002.

He continued: "I just keep them motivated, I'm teaching about generational wealth right now. I tell them all the time we don't need another NBA player in the house.

"If you want to play, I can help you get there; but I would rather see a doctor, dentist, hedge fund guy, a veterinarian, or a world traveller."

O'Neal's oldest son, Shareef, has an NBA career in his sights and played with the Lakers for the 2022 NBA Summer League.

He's currently undrafted but expected to make a big splash in the next few years.

Shaq's appearance on the Earn Your Leisure podcast last year started all this money chatter and he broke down why he's rich, but his children aren't.

He said: "My kids are older now. They kinda upset with me - not really upset - but they don't understand.

"Because I tell them all the time. We ain't rich. I'm rich.

"You've got to have Bachelor's or Master's [degrees] and then if you want me to invest in one of your companies, you're going to have to present it... bring it to me, I'll let you know. I'm not giving you nothing."

O'Neal is one of the greatest centres in NBA history. (Image
Alamy)

He went on to add: "There's one rule: education. I don't care if you play basketball. I don't care about none of that.

"Listen, I got six kids. I would like a doctor, somebody to own a hedge fund, a pharmacist, a lawyer, someone that owns multiple businesses, someone to take over my business. But I tell them I'm not going to hand it to you. You gotta earn it."

A mature and honest way of looking at things.

O'Neal dabbles in the odd public appearance and is an analysis on TNT, but denounced his celebrity status last September.

Featured Image Credit: 7NEWS Australia/YouTube & Alamy

Topics: 

Daniel Marland
Daniel Marland

Daniel is SPORTbible's Senior Social Editor.

X

@DanMarland_

Recommended reads

Tyson Fury explains why his 14-year-old son Prince has “no choice” but to become a boxerGettyTyson Fury targets Jon Jones clash as next move after boxing confirmedGetty“I don’t fight for a country” – Michael 'Venom' Page reveals why he won’t walk out with a flag at UFC LondonGeoff Stellfox/Getty ImagesLerone Murphy details ‘bucket list’ fight ahead of UFC LondonChris Unger/Zuffa LLC

Advert

Choose your content:

10 hours ago
23 hours ago
8 days ago
23 days ago
  • Getty
    10 hours ago

    Steph Curry left stunned as teammate stretchered off after horrible freak injury

    Golden State Warriors star Moses Moody had to be stretchered off during the win over the Dallas Mavericks after a freak injury.

    NBA
  • Getty
    23 hours ago

    NCAA basketballer goes viral over astonishing height difference to 6ft 8in opponent

    Olivier Rioux, of the Florida Gators, stands at a towering 7ft 9in tall.

    NBA
  • Getty
    8 days ago

    Former NBA and NFL cheerleader reveals contract clause which can't be broken

    Maxxine Dupri performed as a cheerleader in both the NBA and the NFL and lifted the lid on the strict contract clause.

    NBA
  • Twitter/@dstnylttltn24
    23 days ago

    US basketballer shares terrifying footage after struggling to find safe room during strikes in Israel

    Destiny Littleton is currently playing basketball overseas in Jerusalem.

    NBA
  • Shaq has revealed strict rule his kids must follow to get share of his $500,000,000 fortune
  • Shaquille O'Neal reveals his perfect routine for watching NBA matches after announcing new DFS link-up
  • Shaquille O'Neal told Donald Trump to 'shut the f*** up' in ugly row over performance
  • Shaquille O’Neal has explained why he won't share his $400M fortune with his children