“We are not rich. I am rich. I will not give it to you, you have to earn it. '

NBA legend Shaquille O'Neal conveys the importance of independence and entrepreneurship to his children.

What happened: O'Neal, which has a net assets of around 500 million US dollars, made successful investments in real estate, technology and entertainment.

He has five -boys' restaurants and nine franchise companies from Papa John in Atlanta in 155. Despite his assets, the former La Lakers player insists that his children will create a business plan before considering giving them money.

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In an interview from 2021, O'Neal explained: “My children are now older. They are somehow angry about me -not really upset -but they don't understand. Because I will tell you all the time. We are not rich. I am rich. You have to have bachelor deals or master deals and then if you invest in one of your companies, you will imagine it.

O'Neal, a six six -father, emphasizes the importance of education and self -confidence. He hopes that his children will become experts and business owners.

“Listen, I have six children. I want a doctor, someone who has a hedge fund, a pharmacist, a lawyer, someone who has several business, someone who takes on my business. But I tell you that I will not give it to you. You have to earn it,” he added.

In another interview, he also revealed his philosophy of “respectable nepotism”, in which he discussed the requirement of a business plan before thinking about a handout.

Despite his fame, O'Neal has distanced itself from the status of “celebrity” and explains: “These celebrities are damn crazy and I don't want to be one. I deny my celebrity ness today. I'm done with it.”

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Why is it important: O'Neal's unique approach to parenting underlines the importance that he provides for financial independence and independence. By asking his children to present a business plan before taking financial support into account, he teaches them the value of entrepreneurship and hard work.