News | January 25, 2008

Shaq: I spend $875,000 a month

News | January 25, 2008

shaq1.jpg
How does the Diesel dole out his dollars?

Shaquille O’Neal, the Miami Heat center and a certain future Hall of Famer, indicated in court papers during his divorce proceedings that his $20 million annual salary (and endless endorsement dollars) gets used up pretty quickly, with a list of expenses that are, to say the least, eye-opening.

The 7’1” NBA legend, whose NBA pay and business investments equates to $1.8 million per month, spends an astounding $875,000 per month on a variety of luxuries, including the following, according to The Miami Herald: $110,505 on monthly vacations; $60,417 on gifts; $23,950 on clothes, dry cleaning and laundry; $46,500 on child care; $24,300 on gas and oil for four vehicles; $12,775 on food; and $468,345 on three home mortgages. On top of that, O’Neal pays nearly $500,000 a month in income taxes.

O’Neal, who is currently slumping through the worst season of his career (the Heat is 8-33 and almost assured of missing the playoffs for the first time in Shaquille O’Neal’s tenure with the team) is also slumping through a messy divorce with his wife, with a significant amount of finger-pointing and assumed deception only adding more fuel to the fire.

Nonetheless, the always classy O’Neal has refused to discuss his personal matters with the media.

Via The Miami Herald

Related Articles

get the magazine

Subscribe to Haute Living

Receive Our Magazine Directly at Your Doorstep

Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.

Exclusive

Haute Black Membership

Your Gateway to Extraordinary Experiences

Join Haute Black and unlock access to the world's most prestigious luxury events