Scottie Maurice Pippen from Hamburg, Arkansas, United States, is a retired American professional basketball player. Scottie is considered one of the greatest small forwards of all time. Pippen played 17 seasons in the (NBA), 12 seasons with the Bulls, one with the Houston Rockets, four with the Portland Trail Blazers, and won six NBA championships with the Chicago Bulls. According to Sportscasting.com, Scottie Pippen net worth is around $50 million in 2021.
Michael Jordan and Scottie Pippen played a crucial part in converting the Bulls into a championship-winning team and popularizing the NBA around the world in the 1990s.
The 55-year-old had played a key role in both the 1992 Chicago Bulls Championship Team and the 1996 Chicago Bulls Championship Team. Those Championship teams were named as two of the top 10 teams in NBA history.
The Bulls retired Scottie’s number 33 jersey, and he is one of only four players to have their jersey retired out of honour and respect by the Chicago Bulls. Scottie Pippen formally retired from professional basketball in 2008, the last time he played for the Swedish side of Sundsvall Dragons.
Scottie Pippen Net Worth
Scottie has a current net worth of $50 million in 2021; it is speculated that in his 17 season-long careers, Pippen earned around $109 million in salary alone.
Although Scottie Pippen is often referred to as the most underpaid NBA player of all time, overshadowed by the greatness of Michael Jordan, in the run-up to the 1991 season, Scottie agreed to a seven-year contract extension worth $18 million.
In other words, at the height of the Bulls, at a time when Michael Jordan was making $30+ million a year in compensation, Scottie was earning $2.6 million. Later on, this contract began to frustrate Pippen, he started to feel he deserved more, and it was a bad deal that he signed.
But Surprisingly, Pippen earned $109 million throughout his NBA career, which is $15 million more than Michael Jordan’s $94 million.
Scottie managed to bag more than triple his previous contract by signing the $62.7 million deal with the Rockets in 1998. Finally, Pippen signed a final two-year deal with Chicago paying him $10 million a season, but he only played 23 games.
- 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 earned tens of millions from endorsements. The seven-time All-Star used to wear Sneakers of Avia brand in his first few NBA seasons, then, later on, switched to Nike like his then-teammate Jordan. Scottie endorsed a range of signature Nike shoes, like the 1997 Pippen 1.
He also had lucrative endorsement deals with brands like the popular fast-food chain McDonald’s, Visa, Ameritech Cellular TV, Right Guard, Frito-Lay, and Coca-Cola. Scottie Pippen also made several appearances on TV shows and movies over the years.
Investments and Assets
Scottie has suffered a fair share of financial problems over the years, mostly because of his former financial advisor, Robert Lunn, who turned out to be a fraud and scammed a pile of Pippen’s earnings. Pippen sued Lunn in 2016, alleging that the financial consultant, highly recommended by the Chicago Bulls, had squandered $20 million of his income.
Less than a year after Lunn’s involvement, Pippen discovered that the advisor had made his investments and committed bank fraud. Lunn has given more than $7 million to a friend with a sketchy background to invest in real estate.
The real estate developer almost immediately declared bankruptcy, taking the money with him. Robert Lunn was then rightly sentenced to prison for three years on multiple frauds and for forging Pippen’s signature on a $1.4 million loan.
- 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 several poor investments that led to the downfall of his net worth. The bleacher report had named Scottie Pippen one of the most financially irresponsible players in the history of the NBA in 2012.
Robert Dunn had also advised Scottie badly to purchase a $4 million Gulfstream jet that didn’t even work and cost $1 million for repair. All these factors and expensive divorces to his wives cost Pippen a lot of fortune.
Scottie’s Social Media Followers
Scottie Pippen has more than 1.6M followers on Instagram and over 644K followers on Twitter.