Shaquille O’Neal is assumed for being certainly one of the dominant players in NBA history, but his life off the court is just as interesting. From smart investments to hilarious stories, Shaq never fails to entertain. Incredibly, definitely certainly one of his most memorable stories happened at Walmart (NYSE:WMT).
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It began when Shaq moved from Miami to Phoenix. He arrived late at night, only to get hold of his latest apartment empty. Since Shaq just isn’t the sort of guy who likes to attend, he decided to repair the situation immediately. He went to Walmart at 2 or 3 inside the morning to buy all of the things he needed for his place – sheets, towels, laptops, printers, T-shirts, underwear, you name it.
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By the purpose he filled his shopping cart, the complete was $70,000. At Walmart. Shaq now jokes that it was the “biggest purchase in Walmart history.”
But when he went to pay, something surprising happened. Shaq’s bank card was declined. He tried again, however the cardboard was declined a second time. He was confused, saying, “I do know I’m not broke,” so he decided to go away and figure it out later.
Not long after, Shaq got a call from American Express security. They thought someone had stolen his card because they saw a suspicious $70,000 charge at Walmart. When Shaq explained that he made the acquisition, they couldn’t consider it. The representative asked, “Why are you spending $70,000 at Walmart?”
Shaq’s response? “Because I’m Shaq.”
He on a regular basis had a keen eye for smart investments, as seen together along with his decision to put money into the home security company Ring. When Shaq needed a security system for definitely certainly one of his three homes in Atlanta, a security company quoted him $80,000. Though he’s price tens of tens of millions, Shaq knew that price was too steep. While shopping at Best Buy, he spotted Ring cameras and purchased a DIY solution.
Not only did he install the system himself, but he also realized how powerful it was when he could monitor his home while traveling in China. Impressed, Shaq tracked down the CEO at a tech conference and offered to take a position in the company, which he later did. Numerous years later, Amazon bought Ring for $1 billion, and Shaq’s investment turn into an infinite win, much like a whole lot of his other ventures.
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Interestingly, Shaq’s fortune, estimated to be around $500 million, just isn’t something he’ll give to his kids. He’s made it clear they’ll have to work for it. And he doesn’t just want them to get one college degree – he expects them to earn two.
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This text ‘I Know I’m Not Broke’ – Shaquille O’Neal’s Card Was Declined At Walmart After Attempting ‘The Biggest Purchase In Walmart History’ originally appeared on Benzinga.com
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