Legendary NBA big man Shaquille O’Neal is widely regarded as one of the most dominant forces in basketball history, the former Los Angeles Lakers Centre’s formidable build and height made him a match-up nightmare for opposition defenders, and his surprisingly nimble footwork and excellent basketball knowledge led to him becoming one of the greatest NBA players of all time over the course of his 19 year career.Shaq is also one of the richest ball players ever, coming in at a strong number 10 on Forbes list of the richest athletes of all time. His larger-than-life personality has won him legions of adoring fans, with the former NBA big man forging a hugely successful career in broadcasting as an analyst on the wildly popular Inside the NBA on TNT.It would seem that Shaq also knows a thing or two about how to spend his hard earned cash, after he explained in an interview how he spent an astonishing $1 million dollars in just 45 minutes at 20 years old, before he was even drafted into the NBA.
Shaq had received the princely sum from an endorsement deal and apparently knew exactly what he wanted to do with it.“When you’re young, you don’t have a lot of business savvy,” he explains. “I thought I was getting one million straight up! Really, I only got $600,000.”The former centre explains that he had always dreamed of owning a black Mercedes, so promptly made his way over to a dealership and bought himself one. But it didn’t stop there: “I came home and my dad was like, that’s nice, where’s mine? And so I told the guy, I want another one.”
“And then I got home and my mum was like, that’s nice, I don’t want a big one, I want a little one”. One can presume that, three Mercedes later, Shaq was well on his way to spending that $600,000.Later that day, Shaq received a call from an old family friend who was also his banker, who told him he needed to sort out his finances quick. It turned out that due to his mad spending spree, he had ended up $80,000 in debt by the end of the day.Thankfully, it all worked out for the Lakers legend, who went on to have a wildly successful career on the court and turned out to be a pretty astute businessman as well.