SHAQUILLE O'NEAL has revealed he won't dish out his huge fortune amongst his kids - unless they present him with TWO degrees.

The former NBA star, 50, commands a huge business empire and has a net worth of $400million.

Shaquille O'Neal says he will not simply hand his $400m over to his kids

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Shaquille O'Neal says he will not simply hand his $400m over to his kidsCredit: Getty
The NBA star has amassed millions through his career and endorsements

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The NBA star has amassed millions through his career and endorsementsCredit: Getty
The former Laker won four NBA championships in LA

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The former Laker won four NBA championships in LACredit: AP:Associated Press

Shaq was regarded as one of the greatest basketball players of all time and won four NBA championships during his illustrious career.

A father of six, he was an active bond investor in the early 1990s and took out shares in Apple and Pepsi.

He's estimated to have raked in an outrageous $292m during his two-decade playing career.

But his vast personal fortune won't be going straight to his kids - unless they can prove to the hoops legend that they have worked hard enough for it.

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Shaq told Channel 7’s 'Sunrise': "The position I'm in in life is a lucky position.

"I've never had a real job in my life. When I was trying to fill out a resume, I was embarrassed because I had to call someone to help me do it.

"[My kids] think it's going to be easy [because of my wealth].

"But to get my cheese, you have to present me with two degrees."

Shaq's son Shareef went undrafted in this year's NBA draft and played with the Los Angeles Lakers in the Summer League

While his daughter Me'arah is also showing great promise on the court.

But the former center wants to keep all of his kids grounded - and would rather they go out into the real world than hide behind his fame and money.

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He continued: "I just keep them motivated, I'm teaching about generational wealth right now.

"I tell them all the time we don't need another NBA player in the house.

"If you want to play, I can help you get there; but I would rather see a doctor, dentist, hedge fund guy, a veterinarian, or a world traveler."

Shaq recently opened up about his health issues which will require him to use a sleep machine for the rest of his life.