Here’s everything you need to know about Scottie Pippen net worth, career earnings, and his sources of wealth in 2020.
|Date of Birth:
|September 25, 1965
|58 years old
|Source of Wealth:
|Professional Basketball Player
Table of Contents
Scotty Pippen is a retired basketball player who played in the NBA for 17 seasons. In his 17 seasons of basketball in the NBA, Pippen played for about four teams. But he is most recognized for his stint at the Chicago Bulls, where he was one of the notable stars in a prolific Chicago Bulls squad led by Michael Jordan, that claimed 6 NBA Championships.
Working correctly with Michael Jordan, Pippen’s defensive skills gave Jordan enough time to focus on the offense rather than defense. He is recognized for being one of the best defensive players in the history of the NBA.
Aside from defending, Pippen possesses a knack for jump shots. His ability to accurately convert jump shots from an angle made him an exceptional star. Pippens fusion with Michael Jordan was the height of his career achievement, as he did not replicate or win any NBA Championship, without Michael Jordan on the court.
Scottie Pippen went on to college after high school. Unlike many basketball stars, he was not recruited by any University and thus had to finance his education in the absence of a basketball scholarship.
He spent four years playing college basketball but received little attention because the University of Central Arkansas competed in the National Association of Intercollegiate Athletics (NAIA) rather than in the NCAA. His performance in his last season of college basketball, which saw him receive NAIA All-American honors, turned NBA scouts to his direction.
He entered the 1987 NBA Draft as the draft’s fifth overall pick by the Seattle SuperSonics. In a pre-arranged deal, Pippen was traded to the Chicago Bulls. In August 1987, he signed a four-year deal worth $2.83 million with the Bulls. During his first four seasons at Chicago, he and Jordan became close. The two often practiced together, and Pippen, under the mentorship of Jordan, developed new tactics that earned him his first All-star game in 1990.
His first two attempts to win the NBA Championship, just like Jordan’s, ended in a painful loss to the Detriot Pistons. In 1991, Scottie penned a seven years contract extension worth $18 million. The first three years of his seven years contract extension was impressive as he won the NBA Championship on three successive occasions with the Bulls as well as the Olympics Gold medal with the Dream team.
Following Jordan’s retirement in the 1994 and 1995 seasons, Pippen emerged as the leader of the Bulls squad, where he earned good performance, which was not enough to defend their NBA Championship. He, however, recorded individual achievements such as his 1994 NBA All-star game MVP award.
Following Jordan’s return for the 1996 season, he continued his partnership with him and earned three more successive NBA Championship to his name. Jordan retired a second time after the 1998 NBA Championship win, and Pippens was traded to the Houston Rockets, where he signed a five-year deal worth $67.2 million.
He spent just a season at Houston before he was traded again to the Portland Trail Blazers. He remained at Portland until 2003 when he decided to return to the Chicago Bulls after signing a $10.3 million deal for two years. Pippen played for the Bulls until his retirement in October 2004.
Scottie Pippen Net Worth in 2020
Scottie Pippen’s net worth is estimated to be $30 million in 2020. His worth, which is a vast contrast compared to that of Bulls teammate, Michael Jordan, has been questioned by fans as they wondered why the star worth that low, considering that he earned more in salary than Michael Jordan.
But unlike Jordan, Scottie’s endorsement deals couldn’t match that of Jordan, who makes millions from his Air Jordan’s Royalty annually. Aside from that, Scottie faced financial mishap following the collapse of his various business ventures.
His business adviser, Robert Lunn, with whom Pippen had invested about $20 million, was sentenced to prison over fraud. Among the several fraudulent acts Lunn committed, one is notable. He forged Scottie’s signature to secure a $1.4 million loan.
Pippen also bought a Gulfstream jet for $4 million in 2004. The plane had a faulty engine, with repairs costs as much as $1 million, and still, it never took off. He ended up suing his lawyer for not inspecting the jet and was awarded $2.37 million for damages. Pippens has significantly been unfortunate in his business dealings, which has had a massive impact on his current net worth.
RELATED: Michael Jordan’s Net Worth
Scottie Pippen Career Earnings
Scottie Pippen’s career earnings throughout the 17 seasons he played in the NBA is as much as $109 million. Several fans have raised questions over Pippen’s career earnings being more than Jordan’s, following the release of the second episode of the 2020 documentary, The Last Dance, which focuses on Michael Jordan’s career.
That episode sheds light on how much Pippens earned as a Bulls player even though he was significantly underpaid. Pippens earning quite more than Jordan emanates from one fact that without Pippens, there’ll be no Michael Jordan as we know him today.
Scottie Pippen Luxury Lifestyle
Scottie Pippen’s modest wealth is evidence of his hard work for several years, and thanks to that, he can still afford a luxurious lifestyle.
Scottie Pippen’s house is a mansion in Chicago he and his ex-wife Larsa Pippen bought in 2004 for $2.225 million. The home, which covers 10,000 square foot sits on 2.6 acres and has six bedrooms, five and a half bathrooms, an indoor basketball court, a game room, a movie theatre, a brick wine cellar, as well as a pool. In 2019 he listed the home for sale for about $1.8 million.
In 2016, Pippens also listed his Fort Lauderdale mansion for sale. The estate, which has six bedrooms, seven bathrooms, a gym, a wine room, a basketball court, was listed to be sold along with his Van Dutch yacht for about $12.5 million.
Scottie Pippen’s car collection includes a 911 Porsche Turbo Cabriolet, a Ferrari F458, and a Mercedes-Benz G-Class.
Takeaways from Pippen’s Worth & Success
Pippen’s co-operation with Michael Jordan led both players to record one of the most successful partnerships in the history of basketball. The co-operation between the duo earned them both six NBA Championships.
2. Learn from others
Following his arrival at the Chicago Bulls, Pippens and Jordan regularly trained together. During this period, Pippens learned new tactics, which proved invaluable to him in the courts.
In 2020, Scottie Pippen’s net worth is valued at $30 million. His career earnings throughout the 17 seasons he played in the NBA is as much as $109 million. Pippen’s source of wealth is mainly from his occupation as a professional basketball player.
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