NBA Legend Shaq Says He Won't Care If He Loses 'Every Dime' Of His $500 Million Net Worth – 'I Don't Even Work For Money. I Work For Fun.'

Shaq isn't just a basketball icon – he's also a mastermind regarding money. Sure, we all know him as the guy with a garage full of luxury cars and a personality as big as his Seven-foot frame, but there's more to his financial playbook than meets the eye. His secret weapon? Annuities.

It's not exactly the kind of flashy investment you'd expect from someone who's spent his life in the limelight, but according to Shaq, it's the best move he ever made. According to a December 2024 Marca article, he revealed, "Every year I was in the NBA, I invested in annuities. Now, if I lose every dime tomorrow, I won't care – my family and I are already set for life. I don't even work for money anymore. I work for fun."

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Shaq wasn't always so savvy. He admitted, "I had never heard of annuities before. This old, wealthy friend told me, ‘Shaq, you need to invest in annuities.' At the time, I had all this money rolling in from endorsements and commercials and I didn't know what to do with it." The advice came from a man Shaq described in a YouTube clip as "a really rich guy, older – 80, driving a Rolls-Royce."

That conversation was a turning point. Shaq looked into annuities and realized they offered exactly what he wanted: financial security that would outlast his NBA career. An annuity is essentially an agreement where you invest money over time and get regular payouts in the future. It's not a get-rich-quick scheme; it's a long-term safety net.

Shaq made annuities part of his financial strategy during his playing days. He explained, "It wasn't about fast profits. It was about ensuring stability for me and my family." Now, at 50, those investments are paying off. Shaq's in a position where he can retire whenever he wants, from whatever he wants.

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Despite his success with tech investments like Google and a sprawling business empire that includes fast food franchises, entertainment ventures and more, Shaq considers annuities his most important investment. "I can retire from anything anytime," he said with confidence.

Shaq's advice for those feeling lost when it comes to finances? Learn about annuities. In his own words, "That was my greatest investment." It's not the kind of thing that gets headlines or sparks viral memes, but it’s the cornerstone for someone who's built a financial fortress.

For Shaq, the real win isn't just the wealth – it's the peace of mind. Lose everything tomorrow? No big deal. His family is already set for life. That kind of game plan guarantees a legacy far beyond the court.

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While annuities provide stability and a guaranteed income, they aren't a one-size-fits-all solution. Your financial goals and circumstances play a big role in deciding if they're the right move for you. As Shaq puts it, "Investing can be a roller coaster, but it's key to building financial freedom." On the other hand, Annuities are more like the steady Ferris wheel – predictable and designed for those who'd prefer to skip the wild twists and turns without risking their lunch – or their life savings.

It's always a good idea to consult with a financial advisor to determine whether this investment makes sense. After all, securing your future – whether you're an NBA legend or not – is always worth the extra effort. 

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