Scottie Pippen Net Worth (Money & Salary)

About Scottie Pippen’s Net Worth?

Scottie Pippen, a retired American professional basketball player, boasts a net worth of $20 million. Over his 17-season NBA career, he accumulated $109 million in salary earnings and landed additional tens of millions through endorsement deals.

Playing a significant role in the Chicago Bulls’ six NBA titles and their record-setting 1995–96 season with 72 wins, Pippen was a seven-time NBA All-Star and the NBA All-Star Game MVP in 1994. A member of the 50 Greatest Players in NBA History, he also holds the distinction of being one of four players to have their jersey retired by the Chicago Bulls. Moreover, Pippen is the sole NBA player to secure both an NBA title and Olympic gold medal in the same year twice (1992, 1996).

Contracts And Salary Details

Often referred to as the most underpaid NBA player of all time, Scottie Pippen’s career was marked by a mix of triumphs and financial hurdles. Notably, he signed a 7-year, $18 million contract extension before the 1991 season, receiving significantly lower earnings compared to his teammates, like Michael Jordan. Despite this, Pippen’s total NBA salary of $109 million outpaced Jordan’s $94 million. His career earnings were notably boosted by a lucrative five-year $67.2 million contract with the Houston Rockets before the 1998-1999 season, along with an additional $10 million from his final two seasons with the Bulls.

Endorsements and Sponsorships

While initially endorsing Avia sneakers before transitioning to Nike, Pippen collaborated on several signature shoes with Nike, including the popular 1997 release, Pippen 1. His endorsement portfolio expanded to include partnerships with Ameritech Cellular TV, Frito-Lay, Visa, McDonald’s, Right Guard, and Coca-Cola.

Early Life and Background

Scottie Maurice Pippen was born on September 25, 1965, in Hamburg, Arkansas, as the youngest of 12 children born to Ethel and Preston Pippen. Growing up amid financial struggles, Pippen’s decision to secure his family’s future led him to sign a contract extension for stability. Despite not receiving college scholarship offers initially, his basketball prowess later saw him excelling with the University of Central Arkansas, showcasing impressive stats and a significant growth spurt.

Selected in the first round of the 1987 NBA Draft by the Seattle Supersonics, Pippen eventually joined the Chicago Bulls through a trade arrangement with Seattle.

Professional Career Highlights

Pippen’s NBA journey started on November 7, 1987, with the Chicago Bulls, where he swiftly established himself as a crucial player. His defensive prowess and scoring abilities shone through various seasons, with notable achievements including multiple NBA championships and All-Star selections.

Over the years, Pippen’s career spanned stints with the Houston Rockets and the Portland Trailblazers before returning to the Bulls and eventually retiring in 2004. Post-retirement, Pippen engaged in ambassadorial and advisory roles for the Bulls, showcasing his dedication and expertise in the sport.

The Olympic “Dream Team”

Pippen’s legacy extends beyond the NBA, as he was a pivotal member of the original Dream Team for the United States men’s Olympic basketball team in 1992. This iconic team secured a gold medal at the 1992 Olympics in Barcelona, marking a historic milestone for Pippen and his teammate Michael Jordan.

Personal Life and Relationships

Married twice, Scottie Pippen’s personal life includes marriages to Karen McCollum and Larsa Pippen, with whom he shares children. His dedication to family and his contributions to basketball have solidified his status as a legendary figure within the sport.

With a former fiancée Yvette De Leon, Scottie Pippen also has a daughter, Sierra Pippen (born 1995), and with former girlfriend and model Sonya Roby, he shares a daughter, Taylor Pippen (born 1994), whose twin sister, Tyler, sadly passed away nine days after birth.

Scottie Pippen’s son, Scotty Jr., currently plays for the Los Angeles Lakers, and his daughter, Sophia, made an appearance in the inaugural season of “Dancing with the Stars: Juniors.”

What about Financial Issues?

Allegations of financial troubles have shadowed Scottie over the years following his retirement from the NBA. Despite claims suggesting he was broke shortly after retirement, these assertions are largely exaggerated or completely false, according to reliable sources. Nonetheless, Pippen did encounter some financial setbacks.

One significant setback involved a legal dispute with his former financial advisor, Robert Lunn. In 2016, Pippen filed a lawsuit against Lunn, alleging that the advisor, who was recommended by the Bulls, mismanaged $20 million of his funds. After working with Lunn for a brief period, Pippen discovered that the advisor had engaged in bank fraud and misappropriated his investments. Lunn directed over $7 million to an acquaintance with a dubious background for real estate investments, which led to bankruptcy and financial losses.

Lunn also advised Pippen to purchase a non-working Gulfstream private jet for $4 million, which required an additional $1 million in repairs to become operational.

In March 2016, Lunn was sentenced to three years in prison on various counts of fraud, including forging Pippen’s signature on a $1.4 million loan to settle personal debts.

Real Estate Ventures

In 2004, Scottie and Larsa Pippen acquired a 10,000-square-foot property on 2.6 acres in Highland Park, a lakefront Chicago suburb, for $2.225 million. After listing it for $3.1 million in 2016 and subsequently reducing the price to $1.899 million, the house was eventually sold for just under $2 million in late 2021. The residence, constructed in 2003, boasts six bedrooms, five and a half bathrooms, a home cinema, a sauna, a game room, a brick wine cellar, and a personalized indoor basketball court featuring Pippen’s Chicago Bulls jersey logo.

Scottie also once owned a mansion in South Florida, which was intermittently on the market starting from 2010, with an initial listing price of $16 million. At one point, the property was offered as a premium rental at $40,000 per month.

In September 2021, Pippen finally sold this Venetian-style mansion, located in the elite Harbor Beach neighborhood of Fort Lauderdale, for $10.54 million. The mansion comes with canal views leading to the ocean and features amenities like a pool, basketball court, gourmet kitchen, game room, media room, and waterfront vistas.

Data shown pertains to years 2023 and 2024, with projected figures extending into 2025, 2026, 2027, and 2028 for more comprehensive insights.

 

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* This information was taken from various sources around the world, including these countries:

Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.

Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.

Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.

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