Thanks to his fame and a chance babysitting gig, the NBA star built a portfolio of world-class start-ups long before they went public
gazes from his Ocean Resort Casino penthouse suite down to the seaside HQ2 dayclub with a mighty mix of satisfaction and anticipation. In a half an hour, he’ll be front and center downstairs at HQ2 in a relatively new role: DJ.
What Rock didn’t know at the time was that Shaq had already started building a portfolio that would one day include investments in Vitaminwater and Ring, as well as pieces of multi-billion-dollar companies like Google and Lyft, long before they went public. He was also launching a blueprint for athletes to create something previously reserved for team owners: generational wealth., by Zack O’Malley Grenburg.
By 2002, he had won three consecutive NBA championships with the Lakers and his career earnings had exceeded $100 million on the court. Along the way, he felt more comfortable taking smart risks when they arrived. And, like any successful investor, he had an important ally: luck.“I got into Google by accident,” he said. “I was in a restaurant playing with some kids.” The kids happened to belong to a high-profile investor whom Shaq declines to name.
“It was presented to me, I knew it was gonna hit,” he explained. “My only regret is that I wish I would have bought more.”
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