Watch: Shaq Outlines How He Spent $1 Million In A Single Day At Age 20

Watch: Shaq Outlines How He Spent $1 Million In A Single Day At Age 20
By Mikey Traynor

Shaquille O'Neal is one of those sportsmen that is so famous that people who haven't a single clue about the sport he became known for playing know who he is.

And it wasn't due to his performance in 'Kazaam'.

The former NBA superstar turned TV analyst is also an extremely shrewd businessman and makes a lot of his money outside of his work in basketball - for example, he owns a number of the hugely popular '5 Guys' burger joints in the US - but it wasn't always like that.

At 20 years of age, Shaq was drafted #1 overall by the Orlando Magic which saw him earn a guaranteed $1 million, but it wasn't quite what he had expected and before he even realised what had happened he found himself in debt. He then took the wise decision to acquire a financial advisor who he has been working with ever since.

https://www.youtube.com/watch?v=wMpZgt6agpU

Just like that, it's gone.

Shaq looked after his mother and father, who presumably didn't understand quite what they were asking of their son, and as admirable as that is, it's clear the number one pitfall for athletes that "go pro" in that suddenly everyone expects a cut.

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If you enjoyed that interview and haven't seen ESPN's 30 for 30 titled 'Broke', then you really should make time and give it a watch.

SEE ALSO: Texas' Obsession With High School Football Has Just Hit Preposterous New Levels

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