Upon being drafted into the NBA in 1992, Shaquille O'Neal significantly improved his family's financial situation by placing his parents on his payroll. In a 2022 interview, Shaq revealed that after reading a business guide, he effectively managed his finances by giving his stepfather a raise from $60,000 to $500,000 and his mother a $750,000 salary. This not only provided for his family but also helped him avoid high taxes. Shaq's approach highlights the importance of financial management and involving family in building wealth.
