Did you know that Scottie Pippen once bought a plane that he couldn’t even fly? Scottie might have been severely underpaid during his time with the Chicago Bulls, but that hasn’t stopped the basketball legend from raking in the wealth. But what exactly is Scottie Pippen’s net worth?
While some outlets dispute the exact value of the former NBA great, we’ve done some digging and think we’ve found a fairly accurate answer.
Scottie Pippen’s net worth has been a rollercoaster that doesn’t seem to be stopping. Let’s explore how the 56-year-old’s wealth has evolved over the decades.
Scottie Pippen’s NBA Career & Contracts
Scottie Pippen played for the Chicago Bulls from 1987-1998. Despite his incredible skill set, Pippen was only paid $18 million for a seven-year contract.
This might sound like a lot of money to the average person. Pippen was seriously underpaid by the team. Between the years of 1997-1998, Scottie made $2.8 million, while Michael Jordan is estimated to have made $33 million in the same time frame.
When he joined the Rockets, Pippen managed to make $62.7 million over a five-year contract. That’s roughly $12 million a year. It was the first time in Pippen’s career that he was paid according to his exceptional skill set.
After five years, Pippen was traded against six other players and joined the Portland Trail Blazers. Again, this trade earned him a slight pay bump.
While playing in Portland, Pippen was bringing in just over $15 million a year. The Portland contract added some serious zeroes to the end of Scottie Pippen’s net worth.
Over the course of his 17 NBA seasons, Pippen raked in just under $110 million before his retirement. He did make a brief return to playing professional basketball with the Torpan Pojat and Sundsvall Dragons at the age of 42.
Torpan Pojat are a Finnish team. Sundsvall Dragons play from Sweden. However, it wasn’t just basketball that made Scottie Pippen’s net worth what it is now.
Scottie Pippen’s net worth in 2021 was mostly based on endorsement deals. The basketball legend has brought in endorsement deals from a wealth of companies. Some sponsors include Nike, McDonald’s, Visa, Right Guard, Coca-Cola, and more!
How Scottie Pippen’s Net Worth Is Spent
According to various online sources, Scottie Pippen has lost more than $120 million since becoming a millionaire from professional basketball and endorsements.
His poor choices in spending range from real estate to airplanes and more. Let’s explore some of his worst decisions over the last thirty years.
During his time playing for the Chicago Bulls, Pippen invested $3.25 million in real estate on the city’s notorious South Side. The investment failed.
In 2021, Pippen and his wife sold their Fort Lauderdale, Florida, mansion for $10,525,000. The estranged couple included $1.5 million worth of cars in the sale. However, it had taken over a decade for them to finally sell the property.
At one point, they listed the home for $40,000 a month in rent. Realtors argued that the reason it took so long to sell was because of the style of the property. It took an enormous team effort to finally sell the home.
Broken Gulfstream Jet
In 2002, Pippen bought a Gulfstream jet for $4.3 million. The only major downside was that the plane didn’t work! He was forced to pay an extra $1 million to get the thing up in the skies.
Along with a failed airline company, Pippen and his soon-to-be ex-wife Larsa Pippen have attacked former players Christian Laettner for scamming them out of $600,000. While Larsa Pippen voiced her rage on Twitter, Pippen eventually won a judgment against Laettner.
Laettner filed for bankruptcy in 2016 after acquiring $14 million in debt. So don’t expect to see that $600,000 added to Scottie Pippen’s net worth any time soon!
By 2010, Pippen won a $2 million judgment against the firm that sold him the plane. A year later, he would be awarded a further $2.37 million from a Miami-based businessman and CF Air involving another plane!
Pippen blames a large number of his financial woes on his now-bankrupt financial advisors. Pederson & Houpt received an $8 million suit from Pippen. Apparently, Pippen is also suing his accountant for failing to help him better with his financial decision-making.
Robert Lunn was sued by Pippen for $1.5 million. However, Lunn was sentenced to three years in prison for repeated fraud convictions. Again, we’re pretty sure Pippen won’t be seeing his money back from Lunn any time soon!
Scottie Pippen’s Women and Children
Scottie Pippen might have been worth a lot more today had he just treated his women well. A former girlfriend of Pippen sued the star for $9,999 after she paid her own way to visit him in Chicago.
The girlfriend was not aware that Pippen was actually married at the time. He promised to pay the girlfriend back, but never did. Pippen eventually told her about his wife and young child during sex on Valentine’s Day in 1988.
Pippen had to be taken to court after he refused to acknowledge at least two of his children, Sierra and Taylor. Taylor was born first with her twin, Tyler, who tragically died nine days after birth. Taylor’s mother had to sue to prove paternity.
Pippen paid for all medical bills and insurance for the children, but allowed their mothers to retain full custody. Sierra’s mother did briefly live with Pippen. The pair separated after Pippen was arrested for domestic violence.
Pippen has four other children with his estranged wife Larsa. All of them live a lavish lifestyle with the likes of the Kardashian children, according to Marie Claire.
What Is Scottie Pippen’s Net Worth?
So what’s Scottie’s current net worth?
Right now, it is estimated that the NBA Hall of Famer has a net worth of $20 million to $50 million. In January 2020, Pippen turned over all of his financial information to his estranged wife’s attorneys.
Those documents have never been made public, but Larsa is certainly living her best life. According to the socialite, she makes upwards of $10,000 a day on OnlyFans, while still being married to Pippen.
Scottie Pippen Net Worth & More
When one asks, “What is Scottie Pippen net worth?” they should know that it changes by the day. Pippen is going through a divorce from his estranged wife Larsa, which could put another dent in his net worth.
To find out more about Scottie Pippen and the rest of the basketball world, check out our NBA page. You won’t be disappointed.