Shaquille O’Neal, Who Has a Net Worth of $400 Million, Shows Interest in Buying $1.64 Billion Worth Orlando Magic

The Orlando Magic may have only made it to the playoffs twice in the previous ten years, but during its 33-year history, the team has made 16 playoff appearances and had several great title campaigns. They were strong competitors and appeared in the NBA Finals twice, three times in a row, to close out the 2000s under the leadership of Dwight Howard and a few more times under Penny Hardaway and Shaquille O’Neal.

The Orlando Magic must be pleased with their current course following the NBA Draft. They added Duke forward Paolo Banchero to their dynamic youthful core with the first choice. They have the components in place to begin regaining competitiveness after years of rebuilding.

Shaquille O'Neal
Credits: Forbes

Shaquille O’Neal is one player who can see where the Orlando Magic are going with certainty. And the Big Diesel is out there giving the DeVos family and the RDV Sports Group some business counsel. However, Shaq has a net worth of $400 million, but with the help of a few other businessmen, he could try for the ownership.

Shaquille O’Neal expresses interest in sitting in the front office at Orlando Magic

“Listen we still run [the Orlando Magic]… This message go out to the DeVos family, if you’re ready to sell… sell it to somebody who’s gonna take it to the next level, that’s us,” Shaq said.

O’Neal also wants Dennis Scott, a former teammate, to participate. The Orlando Magic selected the sharpshooting forward with the fourth overall pick in 1990. O’Neal believes that the two of them can use their combined NBA knowledge to advance the franchise.

O’Neal is no match for the late Richard DeVos or his family in the economic world, despite being a multi-millionaire himself and possessing an amazing portfolio of companies, properties, and interests. It’s surprising that he hasn’t yet sought to purchase an NBA team, given that he has established a reputation for being a great businessman.