How Can Shaquille O'Neal Lose More Than 17 Million US Dollars At Once? Here Is The Story

JAKARTA - Shaquille O'Neal is one of the big names in sports. His extraordinary basketball career has been followed by some smart business, and he has been a well-known businessman since retiring.

The income earned in his career has funded his investment and allowed him to succeed as an investor. However, not everything went well for him, although he has saved about 25 percent of his income.

As quoted from Marca, Monday, O'Neal has used the 75 percent quite freely, and not always in its business venture. He usually spends money well, but not always.

He owns a number of properties in his name - from nightclubs to gyms, homes, and more.

However, not long ago, Shaq had one of the worst deals ever. He bought the Lake Butler mansion for about $28 million, and then sold it for about 11 million dollars -- lost 17 million dollars.

Shaq described the house as his "dream home" and never wanted to sell it, but his commitment prevented him from enjoying it, so he chose to move it.