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OT: Shaq's expenses are as big as he is
Posted: Sat Jan 26, 2008 2:35 am
by HMFFL
According to court documents, he estimates he has $875,000 in monthly expenses, which includes $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.
In the court documents dated Jan. 16, O'Neal itemized a list of expenses as massive as his 7-1, 325-pound frame. O'Neal, who earns $20 million a season from the Heat, said he brings in $1.6 million a month in basketball salary in addition to roughly $220,000 from business investments.
Link
Not sure how much of this I believe.
Posted: Sat Jan 26, 2008 2:54 am
by evildallas
Given as much money as he had made in his career I would have expected his investments to be doing more. Unless he changes some things after retirement he's going broke faster than MC Hammer.
On the positive side at least he didn't have a line item for feeding tigers like Mike Tyson had.
Posted: Sat Jan 26, 2008 6:38 am
by HoopsGuru25
@spending 24k a month on gas. The only logical explanation is that he is letting all his friends and family members drive his many cars while he's traveling with the team or that he is buying fuel for his private jet or something.
Posted: Sat Jan 26, 2008 6:23 pm
by dms269
That is ridiculous. More on monthly expenses than most people make in 10 years.
More like 20 or 25 years for me once I get out of college.
Posted: Sat Jan 26, 2008 6:37 pm
by NDaATL
$60000 a month on gifts? $24000 a month on clothes? WTF.
And no way he spends $13000 a month on food, that's like $500 a day on FOOD.
I don't believe this.
Posted: Sat Jan 26, 2008 6:49 pm
by reazun
dang, sometimes the opposing teams will have a practice at the gym I work at in Chicago. the next time the heat play the bulls in chicago, if i ever see Shaq, Im gonna ask if I can have some money. I need a car and money to do my internship.
Posted: Sat Jan 26, 2008 7:57 pm
by evildallas
NDaATL wrote:And no way he spends $13000 a month on food, that's like $500 a day on FOOD.
I don't believe this.
He is a rather large man.
Also, I believe the clothes budget included laundry. He must buy really nice fabric softener.
Posted: Sat Jan 26, 2008 11:09 pm
by UGA Hayes
Is there any advantage to claiming high expenses yet low investment earnings in regards a divorce settlement?
He is going to lose some serious cash.
Posted: Sun Jan 27, 2008 2:19 am
by td00
The ex-wife will be living just as large as he is soon. Once this thing gets finished, she will be able to just manage her kids while Shaq makes the payments for everything.
Oh well, he must think its better to go ahead and get it over with. That man could support his own small city!