Shaq Spends $875,015 Per Month

<div class='quotetop'>QUOTE </div><div class='quotemain'>His yearly laundry bill is higher than most SoFla residents' salaries.

He pays in electricity, every year, more than what Joe Average needs to buy a car.

As for his clothing purchases, now we're in the ballpark figure of a nice suburban home.

Welcome inside Miami Heat superstar Shaquille O'Neal's finances, where a torrent of cash comes in and more than a trickle goes out.

The tall-head, who's off the court for the next two weeks with a hip injury, just sent a Miami-Dade court a never-before-seen accounting document for his and wife Shaunie's divorce file.

For months, O'Neal, 35, dragged his size 23 sneakers over the mandatory financial snapshot and finally filed incomplete, yet telling, numbers.

While the affidavit shows O'Neal makes a huge amount of money, $1.8 million in monthly salary, publicity contracts and returns on investments, his routine expenses total $875,015 - a month.

Among them: $156,116 in mortgages on three homes (including his $20 million mansion on Miami Beach's Star Island), plus $31,299 in homeowners insurance; $3,345 in phone bills; $1,610 in lawn and pool maintenance; $12,775 for food; $10,065 in electricity, $1,495 for cable TV; $5,000 in car payments (for three cars - he owns at least twice as many); $24,300 in gas; $6,730 in dry cleaning; $17,220 in clothing; $2,305 for pets and $110,505 for vacations.

Child care sets Shaq back $26,500 a month. He and Shaunie have four children, and each has a child from a previous relationship. By the way, he pays $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 deficit. The 13-page document shows he pays $5.41 million a year in federal income tax and $217,000 in taxes in states where the Heat plays road games. Property taxes cost him $903,132.

No. 32 filed for divorce in September, 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, 33, did, estimating she weighs $30 million, including their real estate properties.

Shaq's divorce lawyer didn't return calls. But WPB divorce attorney Stuart Manoff, who doesn't handle the case, speculated that Shaq omitted listing his assets after a privacy-saving agreement with his soon-to-be-ex.

"She is entitled to half of some of those assets," Manoff said. "There'll probably be no permanent alimony, but the kids are likely to get much more support when the divorce is final."</div>

Source: Palm Beach Post

 

Oh..my..God..

 

The most depressing part to think about is it doesn't even make a dent in his bank account.

 

Maybe he pays for his kids?

 

I'm sure he employs a staff of people and those expenses are included in the total.