NBA legend Shaquille O’Neal earned nearly $300 million during his playing career. That’s not even taking into account how much he’s made over the decades through movies, music, and endorsements.
In 1992, just as his pro career was beginning, Shaq spent $1 million in a single day.
Here’s the story…
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Shaquille O’Neal: It was me being overly happy-slash-irresponsible. My agent called me and said, “Hey, you’ve got a million dollars.”
But I didn’t subtract his 15%, right? I didn’t subtract the Texas state tax or the FICA. So, in my mind, I was just trying to do the simple math. I always wanted a fancy Mercedes-Benz. I used to go to the 7-Eleven and get the fake Mercedes, the little ones and just drive them, you know, on top of my bed and — I’m gonna get one of these one day.
So, I went to the Mercedes dealership. The guy says $150,000. I write him a check, give it to him. So now, in my head, a million minus $150,000, I’ve still got $850,000 left, right?
Shaq’s father wanted the same Benz he just purchased. So he bought it for him.
Then his mother wanted a similar Benz, too. So he bought her one.
After that, O’Neal bought “rings and diamonds and earrings and this and that.” For a total of $1 million!