Former basketball star Shaq O'Neal learns a major money lesson from Amazon Founder Jeff Bezos.

Laura Hermes

2019-08-06 07:28:00 Tue ET

Former basketball star Shaq O'Neal has almost quadrupled his net worth once he learns and applies an ingenious investment strategy from Amazon Founder Jeff Bezos. In light of this ingenious strategy, Bezos evaluates prospective investment projects in terms of whether these equity stakes change and enrich the economic lives of others. O'Neal indicates that he has almost quadrupled his net worth once he implements this strategy with his personal equity investments in Apple, Google, Las Vegas nightclubs, and fast food franchises (such as Krispy Kreme, Five Guys, Auntie Anne, and Papa John). In terms of his personal preferences, O'Neal points out that Google equity stakes have been his best investment by far. Further, O'Neal most enjoys his equity investment in the Krispy Kreme doughnut chain because he is a big fan of fresh doughnuts.

This reasonable mix of fast food, entertainment, and technology allows O'Neal to diversify his equity stakes across prosperous industries. The information exchange between Bezos and O'Neal illuminates the fundamental value of equity investment. Stock ownership can be an efficient investment vehicle for angel investors such as Bezos and O'Neal to be the positive change that they would like to see in the world.

 


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