How rich is Scottie Pippen, Larsa Pippen’s Ex husband?

 

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Scottie Pippen Net Worth

Scottie Pippen is a retired American professional basketball player who has a net worth of $20 million, which is very low compared to the more than $100 million in income he earned in salaries alone in his 17-year NBA career.

The reason for this is that a 55-year-old former Bull player’s financial situation fell into the wrong hands of financial advisors after his retirement.

The advisors were later sentenced to three years for bank fraud, but Pippen never recovered his money.

Another reason for the former Bull player’s devalued assets is that he had to pay child support. 

In this piece, we will delve into how he accumulated his wealth, how he spent his money, his endorsements, and his investments.

How much is Scottie Pippen’s net worth now?

As of 2024, the legendary basketball player Scottie Pipen’s net worth is estimated to be USD 20 million, according to Celebrity Net Worth.

How did Scottie Pippen’s wealth

A 56-year-old  former basketball player, Pippen accumulates his wealth from basketball.

He played 17 years in the NBA and his salary alone at that time came to USD 109 million.

In the endorsement itself, Scottie Pippen made USD 10 million.

Scottie Pippen’s Net Worth Overview

In 1987, Pippen was sold from the Seattle SuperSonics to the Chicago Bulls and signed a 4-year, $2.83 million rookie contract.

By 1991, Pippen was able to remain with the Chicago Bulls for 7 years for 18 million, with a salary of 2.6 million per year, and was able to bag 30 million per year.

Afterward, Scottie Pippen signed a $67.2 million contract to join the Houston Rockets, earning an additional $11 million.

He played for the Houston Rockets for one season before transferring to the Portland Trailblazers, where he earned $66 million for 4 seasons.

Later, Pippen moved to the Chicago Bulls for 2 seasons on a $10 million contract.

Scottie Pippen’s Salary

 

Here is the breakdown of Scottie Pipen’s earnings and salary.

Year Team Salary
1987-88 Chicago Bulls $725,000
1988-89 Chicago Bulls $575,000
1989-90 Chicago Bulls $765,000
1990-91 Chicago Bulls $765,000
1991-92 Chicago Bulls $2,770,000
1992-93 Chicago Bulls $3,425,000
1993-94 Chicago Bulls $3,075,000
1994-95 Chicago Bulls $2,225,000
1995-96 Chicago Bulls $2,925,000
1996-97 Chicago Bulls $2,250,000
1997-98 Chicago Bulls $2,775,000
1998-99 Houston Rockets $11,000,000
1999-00 Portland Trail Blazers $14,795,642
2000-01 Portland Trail Blazers $13,750,000
2001-02 Portland Trail Blazers $18,083,564
2002-03 Portland Trail Blazers $19,727,524
2003-04 Chicago Bulls $4,917,000
2004-05 Chicago Bulls $5,408,700

 

Properties owned by Scottie Pippen

Fort Lauderdale Estate

This property was once owned by the former basketball player, Scottie Pippen, which he later sold in 2021 for USD 10.55 million.

The three-story property had six bedrooms and was featured in one of the seasons of the TV reality show ‘Real Housewives of Miami.

Highland Park Mansion

Scottie Pippen also owned a vacation house in Chicago, Illinois, which had five bedrooms and a modern living space of 10,000 square feet, and later sold it for about $1.8 million in 2021.

All these properties were sold, and he added the sum to his retirement trust. 

Porsche 911 Cabriolet

Have you ever received some cash and wondered what to do with it?

Without a doubt, Pippen is one of the few who has ever spent USD 130,000 to customize his Porsche 911 Cabriolet.

It certainly is a lot of money to spend on car customizations. But, it is hardly the most expensive thing he has spent his money on.

Private Jet

According to SportRush, it was insane for Pippen to spend a lot of USD 130,000 on customizing a car, or just paying for a Gulfstream G200 in 2002 for USD 4.5 million, and it never took off.

Scottie Pippen’s Endorsements and Sneakers

Pippen’s endorsement also played a big role in his net worth.

FunBuzz confirmed that Pippen signed a big contract with known commercial brands like:

  1. Frito-Lay
  2. Visa
  3. Ameritech Cellular TV
  4. McDonald’s
  5. Right Guard
  6. Coca-Cola
  7. Nike, where he even had his signature sneaker line, “Pippen 1.”

The seven-time All-Star also made many appearances in TV shows and movies through the years.

Frequently Asked Questions about Scottie Pippen’s Net Worth

What is Scottie Pippen’s current net worth?

As of 2023, Scottie Pippen’s net worth is estimated to be around $20 million.

How did Scottie Pippen make his fortune?

The majority of Scottie Pippen’s net worth comes from his successful 17-year career in the NBA.

He earned over $109 million in salary alone during his playing days, primarily from his time with the Chicago Bulls.

Additionally, he has earned income from endorsement deals and business ventures.

What was Scottie Pippen’s highest NBA salary?

During the 1997 to 98 season, Scottie Pippen earned $11 million from the Houston Rockets, which was his highest single-season salary in the NBA.

Did Scottie Pippen have any financial struggles?

Despite his substantial NBA earnings, Scottie Pippen did face some financial troubles.

In the late 1990s, he filed for bankruptcy due to poor investments and lavish spending habits. However, he was able to bounce back and rebuild his net worth.

What business ventures has Scottie Pippen been involved in?

Apart from his NBA career, Scottie Pippen has been involved in various business ventures, including a basketball academy, a liquor company, and a sports equipment company.

He has also invested in real estate and appeared in several television shows and movies.