Shaq Invested in Google After Meeting a Guy at the Four Seasons — Then Forgot About It Until a Newspaper Told Him. ‘I Couldn’t Believe it’

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Everyone has forgotten about something they bought. Maybe it was a gift card tucked into a drawer or a stock purchased years ago and left untouched. NBA legend Shaquille O’Neal forgot he invested in Google. It took a…


Shaq Invested in Google After Meeting a Guy at the Four Seasons — Then Forgot About It Until a Newspaper Told Him. ‘I Couldn’t Believe it’

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Everyone has forgotten about something they bought. Maybe it was a gift card tucked into a drawer or a stock purchased years ago and left untouched. NBA legend Shaquille O’Neal forgot he invested in Google. It took a newspaper to remind him that one casual lunch had turned into one of the best investments of his life.

“We had a meeting with them and it looked good and I put some money in and I forgot about it,” O’Neal said at TechCrunch Disrupt 2023. “And then the newspaper told me how much I made and I couldn’t believe how much I made.”

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The investment started with an unexpected lunch at the Four Seasons. O’Neal said he was chatting with a group of businessmen after entertaining their children when one of them began talking about a startup called Google. The pitch was simple: one day, people would be able to type in anything they wanted to find online. O’Neal liked what he heard, agreed to a meeting and decided to invest.

One Lunch Became One of His Biggest Wins

At the time, Google was still an up-and-coming startup, not the tech giant it would eventually become. O’Neal said he didn’t spend years watching the investment or tracking its value. Instead, it faded into the background until a newspaper story revealed just how much his stake had grown.

The experience became one of the defining moments of O’Neal’s investing career and helped shape the way he thinks about backing young companies.

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A Philosophy Built Around Changing Lives

While reflecting on his investing journey, O’Neal said the approach dates back to advice he heard from Amazon founder Jeff Bezos years before.

“I went to a conference in ’97 or ’98 and I heard a beautiful bald-headed man by the name of Jeff Bezos say if you invest in things, it’s going to change people’s lives,” O’Neal said. “When I heard Jeff Bezos say that, I started investing in things that’s gonna change people’s lives. And that’s been great for me, and I don’t like to sit up here like I’m an expert, but that has always been my style.”

That idea has influenced investments across O’Neal’s portfolio, including Edsoma, an AI-powered reading platform designed to help children improve literacy. He also acknowledged making mistakes earlier in his investing career by trying to get rich quickly before deciding to focus on businesses with long-term purpose.

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