The basketball and investments are two of the virtues that describe the athlete Shaquille O’Neal. His success, on and off the court, makes him one of the most recognizable figures in the universe of America’s rich and famous. Not in sports, but also in finances and in his wealth, the name of Jeff Bezos. Both share success, investment strategy and, now, the interest in buying the Phoenix Suns.
As a first point in common, they share “success”. O’Neal consecrated his sports career in the team of the Lakers, along with other athletes like kobe bryan, and in business he earned the title of “king” of franchises. Not least, Bezos founded Amazon and his success made him a creditor of one of the largest fortunes in the world.
Regarding the investment strategy, the Lakers legend confessed that his secret to being one of the richest athletes in the NBA is based on an investment principlewhich he heard a few years ago from the mouth of the founder of Amazon.
“I was at a tech conference in Las Vegas and heard the great Jeff Bezos say ‘if you invest in things, will change people’s livesyou’ll definitely get a good return,” O’Neal recalled in a interview from CNBC.
“Basically it is based on a principle: The belief. Do you believe in the product? Will it change people’s lives? that’s what it’s all about for me“, he added.
Since retiring from his basketball career, O’Neal has found success off the court. He was one of the early investors in Google and has since amassed a diverse portfolio, including investments in Apple. He owns 17 Auntie Anne’s, 40 gyms and over a hundred Five Guys restaurants. He also founded his own Big Chicken fast food chain.
sun in sight
Bezos is one of the multiple billionaires is considering an offer for the portion of the Suns, that has put up for sale Robert Sarver, according to ESPN. Along the same lines is Shaquille O’Neal, according to his own statements in TMZ. However, his goal is to join the purchase with Bezos since, despite his fortune, he could not buy it alone.
“If he wants me with him, I would gladly talk to him, but about trying to buy the team myself and compete with him. Let me tell you something, I’m scared of Big Man JB (Jeff Bezos)“O’Neal told TMZ.
The Suns franchise is currently worth $1.8 billion and could be sold for at least 2.5 billion, according to a report from Forbes.
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What brings Jeff Bezos and Shaquille O’Neal together to partner in business