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Shaquille O’Neal Reveals Finances in Divorce Settlement 


Struggling with finances? Then you might want to skip this post. Or not. It’s an astounding look into the personal finances of basketball extraordinaire Shaquille O’Neal. The big guy makes a ton of money, but then again, he also pays out a ton of money.


As part of his divorce from estranged wife, Shaunie, the Miami Heat player has released his financial records to the public. Although he makes a whopping $1.8 million a month – that’s right, I said month – he spends $875,000 in expenses.


Shaq filed for divorce in September, accusing his wife of five years of being secretive about her finances and spending their money without his knowledge. While he didn’t reveal all of his finances (possibly because his soon-to-be-ex is entitled to half of some of those assets), he did issue a statement to the Palm Beach Post. Here’s a little rundown:

 

$156,116 - mortgages on three homes

$31,299 - homeowners insurance

$3,345 - phone bills

$1,610 - lawn and pool maintenance

$12,775 – food

$10,065 - electricity

$1,495 - cable TV

$5,000 - car payments (for three cars - he owns at least twice as many)

$24,300 – gas

$6,730 - dry cleaning

$17,220 – clothing

$2,305 - pets

$110,505 - vacations

$26,500 – childcare


By the way, he pays $10K a month in temporary child support and another $10K in alimony. Shaq and Shaunie have four children, and each has a child from a previous relationship.


by Jane-Louise-Boursaw  242 Posts 

Posted on 1/25/2008 2:07 PM
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Tags: divorce settlement , alimony , shaquille o'neal , child support ,
shaquille o'neal divorce
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