Shaquille O’Neal once spent $1,000,000 in a single day

Think you've made some poor financial decisions before? Have you ever spent one million dollars in a single day? That's what former NBA star Shaquille O'Neal did — before becoming a pro basketball player.

I go buy a $150,000 car. No negotiations. I don't know nothing about negotiations. The guy could have told me $200,000 and I would have bought it. I go and get a black Mercedes because that's what I always wanted: a black Mercedes and some nice wheels.

When he took the car home to show his father, his father said, “Where's mine?” So, Shaq took his dad to the dealership and bought him a black Mercedes too. Then he bought a car for his mother. Then he bought clothes and jewelry so he could look good for the draft.

Many professional athletes stay on this wayward path which is why so many of them go bankrupt. To his credit, O'Neal came to his senses. He realized he needed to make smarter choices. He started looking for a financial advisor.

Most of the people he interviewed made extravagant promises that seemed too good to be true, so he steered clear. Instead, he hired “one little small beautiful Jewish man” who recommended a more conservative approach. O'Neal has been with him ever since: “He's been good to me.”

It's always nice to hear about a pro athlete who has not squandered his wealth.

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Jim Wang
Jim Wang
2 years ago

Live and learn!

Great video. 🙂

dh
dh
2 years ago

Geez, with proper planning and living simply, most people could retire for the rest of their lives with a million dollars, making this kind of behavior all the more absurd.

Mark
Mark
2 years ago

Gotta wonder though….with parents like that…who needs enemies? Geez.

Anne
Anne
2 years ago

With a son like that, who needs friends? 🙂

Tash Aim
Tash Aim
2 years ago

Shaq makes a 1 million sound like a few thousand. Great decision to hire that finacial advisor though, because if he had continued at that rate, we would be reading about an unbelievably broke Shaquille O’Neal.

Jerry Brown
Jerry Brown
2 years ago

Awesome story! I never knew Shaq did such a thing!

Maria
Maria
2 years ago

Shaq’s dad sounds like a scumbag. I’m glad Shaq found better people to surround himself with, in the form of professional financial advisors.

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