Many Athletes Go Broke, Says Shaquille O'Neal

Former NBA star and Basketball Hall of Fame inductee Shaquille O’Neal joined the CNBC crew to discuss his investments and how he takes care of his finances while many of his professional sports peers unfortunately experience financial problems.

Points discussed with Shaquille O’Neal:

  • O’Neal’s father used scare tactics in order to keep finances in order
  • O’Neal advises young NBA stars to be smart with their money
  • O’Neal is long Google — still holds shares purchased from a long time ago
  • Purchased a stake in security camera company Ring — met with CEO and asked to invest

Related: An ETF Game Plan to Play Major League Sports Opportunities

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