Shaquille O’Neal, NBA Legend, has ruled out any financial help for his children during an interview on the “Earn Your Leisure” podcast.
He stated that his kids were older now and were upset with him. It is not the fact that they’re upset but they just do not understand the situation. “We ain’t rich. I’m rich”, he tells this to them all the time.
The Story Of Shaquille O’Neal And His Inheritance
Shaq to his kids: “We ain’t rich, I’m rich.”
Teaching them work ethic. 💪
— Hoop Central (@TheHoopCentral) October 27, 2021
Shaquille O’Neal played for 6 NBA teams and has accumulated over $10 million every season from 1999 to 2009. He expects his children to go to a good college and earn their degrees. If they ever started a company, he would then invest in their work if he deemed that it was realistic.
Shaquille O’Neal added that they needed to have a bachelor’s or master’s degree and then only would he invest in their company. If he found that that they were not professional enough, he would give them nothing. The first rule that he has for his children is “education”.
He does not care if they played basketball or were in any other profession.
He stated, “I would like a doctor, somebody to own a hedge fund, a pharmacist, a lawyer, someone that owns multiple businesses, someone to take over my business.” Shaquille O’Neal has six children and told them several times that he would not hand anything over to them, they would have to earn it.
Some of the top celebrities, their wealth and inheritance, and their children have made recent headlines.
Daniel Craig, the former Bond actor, finds inheritance rather distasteful and would not be leaving much for his kids. He added that Andre Carnegie had given away $11 billion before his death which showed how rich he was. He does not want to leave a great sum for his children and his philosophy is to get rid of the wealth or give it away before he passes away.
Shaquille O’Neal like Craig does not want to give handouts to his children and believes that they have to work hard to inherit his money.