There have been numerous legendary tag teams in NBA history. Few individuals combined as successfully as Karl Malone and John Stockton, and the Los Angeles Lakers were fortunate to have both Magic and Kareem, as well as Shaq and Kobe. However, Michael Jordan and Scottie Pippen are hard to top in terms of overall fame.
Although Pippen was a great player in his own right, he could never outshine Michael Jordan. What is the difference in their current wealth?
Scottie Pippen Net Worth
Former NBA star Scottie Pippen of the United States has a $20 million fortune. After 17 years in the NBA, Scottie Pippen retired. His pay alone was worth $109 million during that time. Endorsements brought in tens of millions of dollars more for him.
For nine years, Scottie Pippen suited up for the Chicago Bulls. He played a major role in the Bulls’ record-setting 72-win season in 1995-96 and their six NBA championships that year. Seven times he made the NBA All-Star team, and in 1994 he was named the league’s Most Valuable Player.
The Chicago Bulls have retired his number four, making him one of only four players to get this honor, and he was selected one of the 50 Greatest Players in NBA History during the 1996–97 season. Pippen is the first NBA player to ever win both the NBA championship and an Olympic gold medal in the same year (1992 and 1996 for Pippen).
Scottie Pippen: The Underpaid Superstar
Scottie Pippen has been called the most underpaid player in NBA history. That’s partially accurate and partially incorrect. Scottie signed a seven-year, $18 million contract extension before the 1991 season. To put it another way, when Michael Jordan was making $30+ million a year and the Bulls were at their best, Scottie was making $2.6 million.
He explained that he had signed the contract in order to provide financial stability for his loved ones. He was one of 12 kids, and his father and brother were both disabled, thus life was tough for him as a kid.
Pippen’s unhappiness with this contract was inevitable. He eventually realized he had signed a terrible contract and started lobbying for a new contract. Scottie’s overall NBA salary of $109 million ended up being more than Michael’s total of $94 million.
Before the 1998–1999 NBA season, he signed a five-year, $67.2 million contract with the Houston Rockets, which accounted for the vast majority of his career earnings. In his final two seasons, he returned to the Bulls and made an additional $10 million.
Scottie Pippen’s Financial Troubles: The Truth Behind the Headlines
It has been suggested that Scottie has had money troubles after retiring at various times. Reports have surfaced suggesting that Pippen was financially strapped shortly after leaving the NBA. Our information suggests those statements are either grossly overstated or completely false. But it doesn’t mean Scottie’s life has been free of financial challenges.
A former financial advisor by the name of Robert Lunn was the biggest stumbling block. Pippen filed a lawsuit against Lunn in 2016, alleging that the advisor had frittered away $20 million of his money. Lunn had come highly recommended by the Bulls.
Pippen found out that Lunn had stolen his money and committed bank fraud less than a year after hiring the advisor. More than $7 million in Lunn’s inheritance was invested by a person with a questionable past, according to allegations. Almost immediately, the property developer went bankrupt, taking the money with him.
The purchase of a Gulfstream private jet by Pippen for $4 million was apparently another recommendation from Lunn. Unfortunately, it took another million dollars to get the jet operational again.
After being convicted of various charges of fraud in March 2016, including forging Pippen’s signature on a $1.4 million loan that Lunn used to pay off personal obligations, Lunn was sentenced to three years in prison.
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Scottie Pippen’s Luxury Homes
Scottie and Larsa Pippen spent $2.225 million in 2004 to purchase a 10,000-square-foot home on 2.6 acres in the Chicago suburb of Highland Park, which boasts a lakefront location. In 2016, Scottie listed it for sale at $3.1 million. He dropped the price to $1.899 million after having it listed for three years.
The mansion was constructed in 2003 and features six bedrooms, five and a half baths, a home cinema, a sauna, a game room, a brick wine cellar, and an indoor basketball court featuring a photo of Pippen wearing his Chicago Bulls jersey.
Formerly owned by Pippen, a mansion in South Florida has been offered for $16 million on and off since 2010. The home was advertised as a high-end rental for $40,000.
The Harbor Beach home is one of the most luxurious properties in all of Fort Lauderdale. It overlooks a canal that extends into the ocean. The waterfront property was constructed in 2003 and features a pool, basketball court, gourmet kitchen, gaming room, movie room, and views of the water.
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