Shaquille ONeal is wary of crypto

[ad_1]

Don’t expect Shaquille ONeal to jump into the crypto market anytime soon.

In an interview with Front Office Sports, NBA Hall of Famer, business mogul and basketball analyst TNT shared his take on cryptocurrency, saying he only invests in things he does. strongly believes in and avoids companies that sound too good to be true.

I always get these companies that say, Hey, well, give yourself $ 900,000 in crypto to tweet. So I have to say, OK, if you’re going to give me a million dollars worth of crypto then what do you need me for? said ONeal. “A couple of my friends got caught up in a little scam like this once.”

The 49-year-old has an estimated net worth of $ 400 million and a large portfolio of investments.

This year, ONeal co-founded diversity-focused advertising agency Majority. Beachbody, a subscription-based fitness platform advised by Shaq, went public through a $ 2.9 billion merger with connected cycling provider Myx in June. Alkaline Water Co. partner Hell joins the advisory board and obtains approximately 7 million shares, or 5-6%, of the company. He is also a minority owner of the Sacramento Kings.

ONeal recently invested in NRG Esports and negotiated a naming rights partnership between their “Rocket League” team and the general insurance company, one of its many endorsements.

[ad_2]