Scottie Pippen Net Worth 2020 – How Rich Is He?

Scottie Pippen Net Worth – Rich or Broke?

Scottie Pippen net worth, salary and his sources of wealth in 2020 analysed.

Net Worth:$30 Million
Career Earnings:$109 Million
Date of Birth:September 25, 1965
Age:54 years old
Nationality:American
Source of Wealth:Professional Basketball Player
Last Update:2020

Overview

Scotty Pippen is a retired basketball player who played in the NBA for 17 seasons. In the course of his 17 seasons of basketball in the NBA, Pippen played for about 4 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 perfectly with Michael Jordan, Pippen’s defensive skills gave Jordan enough time to focus on the offence rather than defence. In fact, 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.

With an emphasis on Scottie Pippen net worth in 2020, we summarise the wealth his career has availed him. Other highlights include his early life, career summary/highlights, career earnings, luxury lifestyle and things to learn from Scottie Pippen’s wealth and rise to fame.

Early Life

The last of 12 children born to Ethel Pippen and Preston Pippen, Scotty was athletic even at a tender age. This was due to the fact that both his parents were tall. His father stood at 6 feet 1 inch, while his mother stood at exactly 6 feet. Taking after their parents, the Pippens children we’re all tall, but Scotty was the tallest of the 12.

Scotty’s childhood was marred by financial challenges. His father who worked in a paper mill came down with stroke which left him paralyzed on his right side. The stroke also affected his ability to speak. Living with the challenges was not easy for Scotty, but basketball served as a way of relieving him of the emotional pain he felt. At high school, Scooty played basketball but was not majorly recognized. He, however, was an integral part of his varsity’s team and received few awards such as all-conference recognition.

Career Summary

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 own education in the absence of a basketball scholarship. He spent four years playing college basketball but received little attention as a result of the fact that 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 honours, turned NBA scouts to his direction.

He entered the 1987 NBA Draft and was selected as the draft’s fifth overall pick by the Seattle SuperSonics. In a pre-arranged deal, Scottie 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 practised together and Pippen under the mentorship of Jordan who was fairly new to the NBA developed new tactics which earned him his first All-star game in 1990.

Scottie Pippen and Michael jordan
Scottie Pippen and Bulls teammate Michael jordan. (Credit: NBA.com)

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 7 years contract extension worth $18 million. The first three years of his 7 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 the star 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 he signed a $10.3 million deal for two years. Pippen played for the Bulls until his retirement in October 2004.

Career Highlights

Here are some of the best Scottie Pippen’s career highlights.

  •  NBA All-Star (1990, 1992–1997)
  • NBA All-Star Game MVP (1994)
  • All-NBA First Team (1994–1996)
  • All-NBA Second Team (1992, 1997)
  • All-NBA Third Team (1993, 1998)
  • NBA All-Defensive First Team (1992–1999)
  • NBA All-Defensive Second Team (1991, 2000)
  • NBA steals leader (1995)
  • NBA’s 50th Anniversary All-Time Team
  • No. 33 retired by Chicago Bulls
  • USA Basketball Male Athlete of the Year (1996)
  • Consensus NAIA All-American (1986, 1987)
  • No. 33 retired by Central Arkansas Bears

Scottie Pippen Net Worth in 2020

Scottie Pippen net worth is estimated to be $30 million in 2020. His net worth which is a huge 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 earns millions from his 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 jet had a faulty engine, with repairs costs as much as $1 million and still, the jet never took off. He ended up suing his lawyer for not inspecting the jet and was awarded $2.37 million for damages. Pippens has been greatly unfortunate in his business dealings and this has had a huge impact on his current net worth.

Scottie Pippen Career Earnings

Scottie Pippen 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 shed light on how much Pippens earned as a Bulls player even though he was greatly 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 modest net worth is evidence of his hard work for several years and thanks to that, he can still afford a luxurious lifestyle.

Houses

Scottie Pippen’s house is a mansion in Chicago he and his ex-wife Larsa Pippen bought in 2004 for $2.225 million. The house which covers 10,000 square foot sits on 2.6 acres and has six bedrooms, five and a half bathrooms, indoor basketball court, game room, movie theatre, 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 mansion 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.

Cars Collection

Scottie Pippen’s cars collection include a 911 Porsche Turbo Cabriolet, a Ferrari F458, and a Mercedes-Benz G-Class.

Takeaways from Scottie Pippen’s Wealth, Success, Fame

Now that you know the interesting story about Scottie Pippen’s rise to fame, his wealth and how he became famous, here are 2 incredible lessons we learned from the American retired NBA star.

1. Co-operation

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 6 NBA Championship.

2. Learn from others

Following his arrival at the Chicago Bulls, Pippens and Jordan trained regularly together. During this period, Pippens learnt new tactics which proved invaluable to him on the courts.

Summary

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 (retired).

Conclusion

As the popular saying goes “iron sharpens iron.” Working together with others, especially the ones better than yourself, will help you master the skills which could take you to the next level in your career.

What are your thoughts on Scottie Pippen’s net worth? Feel free to share with us in the comments section below.

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