Shaq does own the shares of Papa Johns. Is that true?
Shaq does own the equivalent of 89723 shares of Papa John’s, per a filing he submits to the Securities and Exchange Commission. Each of his nine Papa John’s pizza restaurants costs about $800,000. This indicates that he owns assets worth about $7 million. He also represents the business as a brand ambassador, and he joined the board of directors in 2019.
Shaquille O’Neal, a former NBA player, is said to have a net worth of over $475 million, with a large portion of it invested in the ownership of several franchise restaurants. These include 17 Auntie Annie’s Pretzels locations, nine Papa John’s, one Krispy Kreme, and a Big Chicken franchise, according to Findingfuel.com. Formerly, he had a stake in 155 Five Guys franchises.
O’Neal said in a televised appearance that his business interests bring in more money each year than his $30 million basketball salary did. He also admitted to the interviewer that he only makes an investment in a possible franchise firm if he personally approves of the company’s goods or services.
Shaq’s take on owning several franchises
Even though Shaq has an incredible net worth, it is only one aspect of his winning strategy. He also has a goal of improving people’s lives through franchise ownership.
O’Neal claimed in a 2021 interview with The Wall Street Journal that the notion that follows also influences his choices to a great extent: “Whenever I do business, it’s not about the money. I heard Jeff Bezos say one time when he was talking – he says he makes his investment based on if it’s going to change people’s lives for the better. And once I started doing the strategy, I think I probably quadrupled what I’m worth now.”
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