Home » Shaq Warns That Giving Kids Everything From The Start Can Backfire—’They Ain’t In A Good Place’

Shaq Warns That Giving Kids Everything From The Start Can Backfire—’They Ain’t In A Good Place’

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Shaquille O’Neal, the NBA legend and savvy businessman, may have built a fortune worth hundreds of millions, but he’s not about to let his six kids coast on his success. For Shaq, financial security isn’t something to be handed out—it has to be earned.

‘We Ain’t Rich. I’m Rich.’

Shaq has been open about his philosophy when it comes to wealth and parenting. Despite his estimated $500 million to $600 million net worth, he refuses to let his children rely on his money. “We ain’t rich. I’m rich,” he’s famously told them. He’s seen what happens when kids are handed everything without working for it. “Those kids ain’t in a good place,” he warned in a 2023 interview, referring to those who never learn the value of hard work.

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Full story available on Benzinga.com

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