Scottie Pippen Net Worth 2021
The following information will provide you with all of the information you need regarding Scottie Pippen net worth, career earnings, and revenue in 2021.
Scottie Maurice Pippen was born in Hamburg, Arkansas, and is a former professional basketball player from the United States of America. Scottie is widely regarded as one of the best small forwards in the history of the game. Pippen played in the National Basketball Association for 17 seasons, including 12 with the Chicago Bulls, one with the Houston Rockets, and four with the Portland Trail Blazers. He was a six-time NBA champion with the Bulls, winning six titles in all. Scottie Pippen’s net worth is estimated to be approximately $50 million in 2021, according to Sportscasting.com.
In the 1990s, Michael Jordan and Scottie Pippen were instrumental in transforming the Chicago Bulls into a championship-winning team and popularizing the NBA throughout the world, thanks to their contributions.
A prominent member of both the 1992 and 1996 Chicago Bulls championship teams, the 55-year-old had played a significant role in the Bulls’ championship victories. Those championship teams were chosen as two of the top ten teams in the history of the National Basketball Association.
Scottie’s number 33 jersey was retired by the Chicago Bulls, making him one of just four players in the club’s history to have their jersey retired in the sake of honour and respect. Scottie Pippen announced his retirement from professional basketball in 2008, the year in which he played for the Sundsvall Dragons of the Swedish Basketball League.
After high school, Scottie Pippen continued his education in a four-year institution. Like many other basketball players, he was not recruited by any university, forcing him to pay for his education on his own because he did not receive a basketball scholarship.
He played college basketball for four years, but garnered little recognition because the University of Central Arkansas competed in the National Association of Intercollegiate Athletics (NAIA) rather than the National Collegiate Athletics Association (NCAA). His outstanding play during his last season of college basketball, which earned him NAIA All-American honors, drew the attention of NBA scouts.
The Seattle SuperSonics selected him in the fifth round of the 1987 NBA Draft, making him the five overall pick of the draft. Pippen was moved to the Chicago Bulls in a deal that had been pre-arranged. In August 1987, he agreed to terms with the Bulls on a four-year contract worth $2.83 million. During his first four seasons in Chicago, he and Jordan developed a strong friendship. Jordan and Pippen frequently practiced together, and Pippen, under Jordan’s tutelage, developed new strategies that won him a spot in his first All-Star game, which occurred in 1990.
The Detroit Pistons defeated him on his first two attempts to win the NBA Championship, much as Jordan did in his first and second attempts, respectively. Scottie signed a seven-year contract deal worth $18 million in 1991, extending his time with the team. As part of his seven-year contract deal, he had a remarkable first three years in which he won three consecutive NBA championships with the Chicago Bulls and an Olympics gold medal as a member of the Dream team.
Following Jordan’s retirement from the NBA in the 1994 and 1995 seasons, Pippen took over as the team’s leader and produced a respectable performance, but it was not enough to help the Bulls defend their NBA Championship. But he did have some individual accomplishments, such as being named the MVP of the 1994 NBA All-Star game.
As a result of Jordan’s return to the NBA for the 1996 season, he continued his collaboration with him and went on to win three more consecutive NBA Championships. After the 1998 NBA Championship win, Jordan announced his retirement for the second time, and Pippens was dealt to the Houston Rockets, where he received a five-year contract worth $67.2 million.
He only lasted one season with the Rockets before being sold again, this time to the Portland Trail Blazers. He remained with the Portland Trail Blazers until 2003, when he chose to return to the Chicago Bulls after signing a two-year agreement worth $10.3 million with the team. Pippen was a member of the Bulls until he announced his retirement in October 2004.
Scottie Pippen Net Worth 2021
Scottie Pippen has a current net worth of $50 million as at 2021, and it is estimated that he earned over $109 million in salary alone during his 17-year professional basketball career.
In the NBA’s collective memory, Scottie Pippen is often referred to be the “most underpaid NBA player of all time,” a status that is overshadowed by the legendary Michael Jordan. The year before the 1991 season, Scottie agreed to a seven-year contract deal for $18 million that would take him through the remainder of the season.
This means that during the Bulls’ era, when Michael Jordan was earning $30 million or more per year in salary, Scottie Pippen was earning $2.6 million. Later on, this contract became a cause of concern for Pippen, who began to believe that he was entitled to more and that he had signed a terrible contract.
However, it is surprising to learn that Pippen made $109 million over his NBA career, which is $15 million higher than Michael Jordan’s $94 million earnings.
Through his contract with the Houston Rockets in 1998, Scottie was able to earn more than triple the amount he had earned in his previous contract. Finally, Pippen agreed to a final two-year contract with the Chicago Bulls that paid him $10 million per season, but he only appeared in 23 games during that time.
- Pippen was named to the NBA All-Defensive First Team eight years in a row,
- Pippen was named to the All-NBA First Team three times.
- Scottie was also a seven-time NBA All-Star
- Scottie was the NBA All-Star Game MVP in 1994.
- Pippen was named one of the 50 Greatest Players in NBA History during the 1996–97 season.
- Scottie was instrumental in the Bulls winning six of their NBA titles and their record 1995–96 season of 72 wins.
- Pippen remains the only NBA player to have won the NBA championship
- and the Olympic gold medal twice in the same year, 1992 and 1996.
- Pippen is a two-time inductee into the Naismith Memorial Basketball Hall of Fame, once for his career and once as a member of the “Dream Team”
- Pippen was a part of the 1992 U.S. Olympic “Dream Team” which defeated its opponents by an average of 44 points.
Pippen’s Endorsement Deals
Scottie Pippen made tens of millions of dollars in sponsorships during his career. In his first few NBA seasons, the seven-time All-Star wore sneakers from the Avia brand, but eventually switched to Nike, following in the footsteps of his then-teammate Michael Jordan. Scottie was an ambassador for a number of Nike signature sneakers, including the 1997 Pippen 1.
In addition, he had lucrative endorsement contracts with companies such as the prominent fast-food chain McDonald’s, Visa, Ameritech Cellular TV, Right Guard, Frito-Lay, and Coca-Cola, among others. Scottie Pippen has also had a number of cameo appearances on television shows and in films over his career.
Investments and Assets
Scottie has had his fair share of financial difficulties over the years, largely as a result of his former financial advisor, Robert Lunn, who turned out to be a swindler who stole a large portion of Pippen’s earnings. Lunn was sued by Pippen in 2016, stating that the financial consultant, who had come highly recommended by the Chicago Bulls, had squandered $20 million of his earnings.
The advisor, Lunn, was found to have made his investments and committed bank fraud less than a year after Pippen became involved with the firm. A friend with a questionable background is believed to have received more than $7 million from Lunn in order to invest in real estate.
The real estate developer declared bankruptcy virtually immediately after receiving the money, and he took the money with him. Robert Lunn was later sentenced to three years in prison for a number of scams, as well as for faking Pippen’s signature on a $1.4 million loan, among other things.
- 10,000 square foot home on 2.6 acres in the lakefront Chicago suburb of Highland Park bought by Scottie and Larsa Pippen for $2.225 million.
- Scottie also owns a Venetian-style mansion which is located in Harbor Beach, South Florida, one of Fort Lauderdale’s most extravagant neighbourhoods. It comes with views of a canal that flows straight out to the ocean, worth $16 million in 2010.
- Pippen owns a Mercedes-Benz G-Class aka G-Wagen.
- Pippen owns a 911 Porsche Turbo Cabriolet
- He also reportedly owns a red Ferrari F458.
Pippen made a number of questionable financial decisions that contributed to his net worth being depleted. As previously reported by the Bleacher Report, Scottie Pippen was rated one of the most financially irresponsible players in the history of the NBA in 2012.
Robert Dunn had also given Scottie poor advice, advising him to acquire a $4 million Gulfstream plane that didn’t even work and had to be repaired for a total of $1 million. All of these reasons, as well as expensive divorces from his spouses, cost Pippen a significant amount of money.
CHECK THIS OUT:
Credit : www.Newshub360.net