How Shaquille O'Neal's net worth was enhanced after advice from Magic Johnson

LA Lakers legends Shaquille O'Neal and Magic Johnson are widely regarded as two of the greatest players ever to play basketball. Off the court, they are regarded as two of the most financially successful former basketball players.

Take a look at how Magic helped Shaq build his net worth.

What advice affected Shaquille O'Neal's net worth?

Shaquille O'Neal entered the NBA with the Orlando Magic, who selected him first overall in the 1992 draft. The Hall of Fame center, however, did not great business acumen until he joined the LA Lakers four years later, thanks to advice from Magic Johnson. In his book, "Shaq Uncut," O'Neal detailed the life-changing advice he received from the Hall of Fame point guard:

“I had just won MVP, and he said to me, “Big fella, you don’t want to be just a name. You want to own things.” Then he walked away. I’m driving home and I’m wondering the whole time, 'What was he talking about?'

"And then I realized what he meant. So, we got to work on my own shoe. Then, my own clothing line. Then, my own reality show. Thanks, Magic. Another idea I incorporated into my own unique Shaq style.”

Magic Johnson's advice surely paid off for Shaquille O'Neal, as he has been able to build a business empire since joining the LA Lakers over 25 years ago. O'Neal, who has said that he blew his first paycheck on luxury cars and jewelry, is one of the most successful athletes of all-time thanks to his investments.

Check out Shaq's LA Lakers highlights below:

Comparing the net worths of Shaquille O'Neal and Magic Johnson

Shaquille O'Neal and Magic Johnson have both been able to build business empires, thanks in large part to their on-court success. Both Hall of Famers whok starred for the LA Lakers were able to use their starpower and finances to create generational wealth through investments and endorsements.

Shaq's net worth reportedly sits at a massive $400 million. Despite retiring from the NBA over a decade ago, O'Neal reportedly makes $60 million a year through his various endorsement deals.

Magic's net worth is an even more impressive $620 million. Although Johnson's NBA career was cut short, he has found just as much success as an investor and entrepreneur, as he has had various successful business ventures in the Los Angeles area since his retirement.

Check out Magic's LA Lakers highlights below: