NBA legend Shaquille O’Neal continues to make headlines with his unconventional parenting approach, telling his six children they must earn their own fortunes despite his estimated $500 million net worth.
“My kids are older now. They’re kinda upset with me. Not really upset, but they don’t understand. I tell them all the time: We ain’t rich. I’m rich,” O’Neal stated on the Earn Your Leisure podcast. The Shaquille O’Neal parenting philosophy centers on what he calls “respectable nepotism.”
The basketball Hall of Famer demands his children present business plans and earn degrees before receiving any financial support. For his three sons, the rules are especially strict: they must move out at 18 and obtain at least one degree, possibly two, before asking for help.
Shaquille O’Neal’s approach has sparked debate among parents and fans. While his children don’t fully understand his stance now, the former Lakers star believes teaching them to earn their own success will benefit them long-term. He earned $286 million during his NBA career and built his fortune through savvy business investments and endorsements.
