Scottie Pippen's Net Worth: Big Pippen, Spending Cheese

Publish date: 2024-07-28

Highlights

Picture a basketball court bathed in the electric hum of the United Center.

The crowd roars, not for the iconic black and red "23," but for the shadow gliding alongside him, a lanky figure weaving defensive sorcery.

This is Scottie Pippen, not just the Robin to Michael Jordan's Batman, but a legend sculpted in his own right.

Drafted fifth in 1987, this Arkansas diamond in the rough blossomed under the Windy City's spotlight, his loyalty and defensive wizardry becoming the cornerstone of six Chicago Bulls championships.

Pippen's story wasn't confined to Jordan's shadow. Beyond the six rings, he carved his own legacy, a seven-time All-Star and an NBA All-Defensive First Team mainstay for eight consecutive years.

His post-Bulls era saw him soar with the Houston Rockets and Portland Trail Blazers, and his 17 seasons in the NBA saw him earn $109 million in career salary alone and millions more from endorsements.

A Note About Scottie Pippen's Net Worth: In early 2024, estimates of Scottie Pippen's net worth ranged from $20 million to $50 million , fluctuating in part due to Pippen's divorce from Larsa Pippen , which was finalized in December 2021.

On December 26th, TheThings noted that "most of the details regarding Scottie and Larsa's divorce settlement are private," adding:

"However, it has been reported that Larsa was entitled to half of Scottie's funds which 'he had put into his Chicago Bulls 401k account during the duration of their marriage.'"

In particular, due to his fairly recent divorce (with details withheld from the public eye), estimates of Pippen's net worth in 2024 are in flux.

Today, even after a high-profile divorce and financial hurdles, Scottie Pippen's net worth and to date earnings are impressive.

Let's take a look at how Pippen built his fortune.

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Scottie Pippen's NBA Contracts And Salary

Scottie Pippen's NBA contract history is a tale of two halves: one a bargain-basement steal for the Chicago Bulls, the other a baller's bonanza.

Early on, loyalty trumped cash. Ahead of the 1991 season, Scottie signed a seven-year, $18 million contract extension with the Chicago Bulls.

At that time, Michael Jordan was earning over $30 million per year in salary, while Scottie was making $2.6 million.

This contract would become frustrating for Pippen, as he later felt he signed a bad deal and deserved a renewed extension. The majority of his career earnings came from his five-year $67.2 million contract with the Houston Rockets in 1999.

A sentimental return to the Chicago Bulls for his final two seasons brought another $10 million.

Interestingly, by the end of his career, Pippen had amassed $109 million in salary, surprisingly surpassing Jordan's $94 million total.

Number Of Seasons

NBA Team

Reported Salary

11

Chicago Bulls

$22,600,700

1

Houston Rockets

$11,000,000

4

Portland

$66,357,000

2

Chicago Bulls

$10,600,000

Scottie Pippen's Endorsements

While Jordan was the face of many brands during the reign of the Bulls, Pippen's brand and net worth also took flight with endorsement contracts from different global brands.

Following their innovative deal with Michael Jordan, Nike also snagged Pippen early, recognizing his smooth style and influence in the NBA:

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The iconic 1997 "Pippen 1s" remain a collector's dream, a testament to the Hall of Famer's on-court flair.

Ameritech Cellular TV, Frito-Lay, Visa, McDonald's, Right Guard, and even Coca-Cola – these global giants lined up to have Pippen charm their customers.

Estimates suggest these deals earned the six-time NBA champion tens of millions of dollars, adding a sweet swish to his already impressive basketball earnings.

Five-time NBA champion Pippen saw his net worth take a major hit after splitting from longtime wife Larsa, with reports suggesting she banked half of Pippen's earnings from his time at the Chicago Bulls.

The dissolution of his 19-year marriage to Larsa Pippen took a significant financial toll on the Hall of Famer's amassed fortune.

While specific details of the divorce settlement remain primarily private, Hello Magazine reported that Larsa was entitled to half of Scottie's earnings accumulated during their marriage, notably funds from his Chicago Bulls 401k account.

Hello added:

"The couple have four children, adults sons Scottie Jr. and Preston. Their son, Justin, who was born in July 2005, and their daughter Sofia, was welcomed into the family in December 2008 ... According to court documents, Larsa sought joint legal and physical custody of their kids, as well as spousal support."

As of 2024, Scottie Pippen's net worth was commonly pegged at $20 million, marking a considerable purported decrease from $50 million just two years earlier; we were unable to substantiate either figure firmly.

On top of the impact of his divorce, Pippen faced a substantial hurdle in the form of a former financial advisor, Robert Lunn. In 2016, Pippen sued Lunn for mismanagement, alleging that Lunn, recommended by the Bulls, embezzled $20 million of his money.

Lunn counseled Pippen to invest $4 million in a non-functional Gulfstream private jet, which required an additional $1 million for repairs.

Lunn's fraudulent activities with Pippen's finances also include forging Pippen's signature, which he used to acquire a $1.4 million loan to pay off his personal debt.

Child support has also taken a toll on Pippen's finances. The seven-time All-Star has eight children by four different women.

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Throughout his career, Pippen dedicated much of his earnings to child support, exacerbating his financial challenges over the years.

Scottie Pippen's Real Estate Portfolio

Scottie Pippen's real estate endeavors have seen him acquire two properties worth over $18 million.

In 2004, he and Larsa purchased a sprawling 10,000-square-foot residence on 2.6 acres in Highland Park, Chicago, for $2.225 million.

The property boasted six bedrooms, a home movie theater, sauna, game room, wine cellar, and a personalized indoor basketball court with a picture of Pippen's enlarged Chicago Bulls jersey emblazoned on the floor.

Scottie put it on the market in 2016 for $3.1 million. After five years on the market, he sold the property for $1.899 million; both sales likely padded Pippen's net worth.

Pippen's real estate portfolio also included a mansion in South Florida, initially listed for $16 million in 2010. After a decade of on-and-off market listings, at one point, the home was rented out for $40,000 a month.

Finally, in September 2021, Pippen sealed the deal, selling the Florida mansion for $10.54 million.

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