Scottie Pippen Net Worth: A Closer Look at His Career and Wealth

Scottie Pippen a retired American basketball player is known for being one of the most legendary figures in NBA history. Throughout his career Pippen achieved incredible success both on and off the court and today Scottie Pippen net worth stands at an estimated $20 million. While he may not have earned as much as some other NBA stars during his playing years Pippen’s career is still a testament to hard work dedication and the rewards that come with being a part of one of the greatest basketball teams ever the Chicago Bulls.

Early Life and Rise to Fame

Born in Hamburg Arkansas on September 25 1965 Scottie Maurice Pippen grew up in a family of 12 children. Standing at 6 feet 8 inches tall he was always the tallest in his family. However it wasn’t just height that set Pippen apart. He was determined to make it in basketball despite not having many opportunities early on. He started his college career at the University of Central Arkansas where his skills on the court quickly earned him attention. Pippen’s growth spurt helped him stand out and by the time he finished his college career he was averaging an impressive 23.6 points and 10 rebounds per game.

In 1987 Pippen was selected by the Seattle Supersonics in the NBA Draft though he was soon traded to the Chicago Bulls. This trade would go on to shape the rest of his life and career.

Scottie Pippen's Career and Success in the NBA

Scottie Pippen’s career took off when he joined the Chicago Bulls in 1987. He was part of the legendary Bulls team that alongside Michael Jordan won six NBA championships in the 1990s. Pippen’s role on the team was crucial and he became known for his incredible defense leadership and all-around skills. Pippen was instrumental in helping the Bulls win their first three-peat from 1991 to 1993 and then again during the 1996 to 1998 seasons. He was also named an NBA All-Star seven times and earned several All-Defensive Team selections.

Pippen’s versatility on the court allowed him to excel in various roles. He wasn’t just a star defender; he was a key scorer and playmaker. His ability to guard multiple positions and make plays on both ends of the court made him one of the most complete players of his era. In fact he was named one of the 50 Greatest Players in NBA History in 1996.

Scottie Pippen's Salary and Contracts

Throughout his 17-year NBA career Scottie Pippen earned an impressive $109 million in salary. However it’s often said that Pippen was underpaid for much of his career especially considering the peak of the Bulls' success during the 1990s. Ahead of the 1991 season Pippen signed a 7-year $18 million contract extension which was quite low compared to what other NBA superstars like Michael Jordan were earning. At the time Pippen was earning only $2.6 million per year while Michael Jordan was raking in $30 million. Pippen later admitted that he signed the deal to provide financial security for his family as he came from a poor background.

Despite his frustrations with the contract Pippen’s career earnings skyrocketed in the later years of his career. After being traded to the Houston Rockets Pippen signed a five-year $67.2 million contract. He also earned $10 million in his final two seasons with the Bulls.

Endorsements and Business Ventures

In addition to his NBA salary Scottie Pippen made a significant portion of his wealth through endorsements. He became the face of several major brands during his career including Nike where he had his own signature shoe line the Pippen 1. Pippen also had deals with big companies like McDonald's Coca-Cola Visa and Frito-Lay. These endorsement deals helped increase Scottie Pippen net worth and gave him an opportunity to branch out beyond basketball.

Pippen also ventured into other business opportunities further boosting his wealth. His endorsement and business ventures combined with his NBA salary helped him accumulate a substantial fortune over the years.

Scottie Pippen’s Personal Life

Scottie Pippen’s personal life has also played a significant role in his public image. He married Karen McCollum in 1988 and they had a son named Antron. However they divorced in 1990. Pippen later married Larsa Younan in 1997. Larsa a reality TV star and Scottie had four children together before divorcing in 2021.

Aside from his marriages Pippen’s children have also kept the family name in the public eye. His son Scotty Jr. plays professional basketball for the Los Angeles Lakers and his daughter Sophia appeared on the reality show Dancing with the Stars: Juniors.

Financial Issues and Legal Troubles

Despite earning millions during his career Pippen has faced financial challenges. One of the most notable incidents occurred with his former financial advisor Robert Lunn who allegedly squandered $20 million of Pippen’s money. In 2016 Pippen sued Lunn claiming that the advisor had committed bank fraud and mismanaged his investments. Lunn was sentenced to prison for his actions but this incident highlights how even successful athletes can face financial struggles.

In addition to this Pippen has experienced some real estate challenges. He once owned a massive mansion in Chicago that he had trouble selling. After several years of trying to sell it for over $3 million he finally sold the property for just under $2 million.

Real Estate Investments

Real estate has been another way for Scottie Pippen to grow his wealth. In 2004 Pippen and his wife Larsa bought a 10000-square-foot home in Highland Park Chicago for $2.225 million. The property featured a home theater a sauna a wine cellar and even an indoor basketball court with Pippen’s Bulls jersey painted on the floor. Pippen eventually sold the home for just under $2 million.

Pippen also owned a luxurious Venetian-style mansion in Fort Lauderdale Florida which he sold for $10.54 million in 2021. This property which had a pool basketball court and waterfront views was one of the most impressive homes he owned.

Scottie Pippen’s Legacy and Impact

Scottie Pippen Net Worth reflects his incredible success in basketball business and endorsements. While he faced challenges during his career and post-retirement Pippen is still remembered as one of the greatest players in NBA history. His legacy as a defensive powerhouse team player and key member of the Chicago Bulls’ six championship titles ensures that he remains a beloved figure in basketball.

Conclusion

Scottie Pippen net worth of $20 million is a result of his remarkable NBA career endorsement deals business ventures and real estate investments. Although he faced financial challenges at various points in his life Pippen’s success on and off the court cannot be denied. His dedication to the game and his ability to contribute to the success of the Chicago Bulls has made him one of the most respected figures in basketball. Despite any setbacks Pippen's legacy remains strong and his wealth continues to grow.

Scottie Pippen Net Worth is a testament to his hard work perseverance and the impact he had on the NBA. His journey from humble beginnings to becoming a six-time NBA champion and earning millions is a story of success and resilience.