Children of wealthy parents often grow up in luxury. You don’t have to worry about money, you get everything you want. Not so with the offspring of basketball legend Shaquille O’Neal. In 19 years of professional career, he made around $ 286 million. Since his resignation, he has increased his fortune to over half a billion, thanks in part to lucrative advertising contracts. However, his six children do not benefit from it.
“You are a little mad at me”
As O’Neal reveals in the podcast “Earn Your Leisure”, they don’t get a free ticket just because their father is rich. «I tell them all the time: We are not rich. I am rich », says the 49-year-old. At the same time, he admits that his children, aged between 15 and 25, are anything but happy about it. ÒÀÜYouòÀre a little mad at me. Not really angry, but they don’t understand. “
There is a simple reason why O’Neal does not share his fortune. He believes that you have to work hard for your money. That is why his offspring also have to meet requirements if they want a piece of the money cake.
One rule: education
«You must have a bachelor’s or master’s degree. If you want me to invest in one of your companies, you have to present it to me. The 49-year-old definitely sees entrepreneurial potential in his children. However, he would like you to find out for yourself.
“There is only one rule: education. I have six children. I would like a doctor, someone who owns a hedge fund, a pharmacist, a lawyer, someone who owns several companies, someone who does my business. But I tell them I won’t give it to them. You have to earn it. “
His attitude is no coincidence. O’Neal grew up in poverty and worked his way up from the bottom up. Now he wants his children to have to go this way, at least for a while. (red)