Archive for the ‘Let Me Hold Something Then’ Category

Money Ain’t A Thing

January 24, 2008

Money Ain’t A Thing

Extra Tv got their dirty little paws on a a financial statement filed in his Florida divorce case that lists of all Shaq’s monthly expenses, and it’s one hell of a doozie.

While the document says O’Neal makes an enormous amount of money, $1.8 million in monthly salary, publicity contracts and returns on investments, his routine expenses total $875,000 – A MONTH.

Among them: $156,116 in mortgages on three homes (including his $20 million mansion on Star Island, Miami Beach), plus $31,299 in homeowners insurance; $3,345 in phone bills; $1,610 in lawn and pool maintenance; $12,775 in food; $1,495 in cable TV; $24,300 in gas; $6,730 in dry cleaning; $17,220 in clothing; $2,305 for pets, and $110,505 in vacations.

Child care sets Shaq back $26,500 a month. He and Shaunie have four children, and Shaq had an extra one from a previous relationship. By the way, Shaq is paying $10,000-a-month in temporary child support and another 10 grand in alimony.

To his credit, the big-man-in-the-middle is doing his share in helping close the giant federal budget deficit. The 13-page document shows he pays nearly $6 million a year in federal income tax and nearly $2.5 million in taxes in states where the Heat play away games. Property taxes sets him back about $850,000.

No. 32 last September filed for divorce, accusing his wife of five years of being secretive about her finances and spending their money without his knowledge.

In his financial affidavit, however, the 7-footer is just as secretive, leaving large portions of the filing blank. He didn’t reveal his net worth.

Shaunie did, estimating she weighs $30 million, including their real estate properties. [source]

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