Scottie Pippen is a basketball icon esteemed for his crucial role on the Chicago Bulls team. Across 17 seasons in the National Basketball Association, he clinched six NBA championships with the team. Many wonder about Scottie Pippen’s net worth, given his extensive career spanning decades. In this blog, we answer this question in detail while deriving some financial lessons that can help you improve your financial stability.
What is Scottie Pippen’s Net Worth?
Scottie Pippen’s net worth is $20 million, with his total NBA career earnings amounting to $109 million. His highest-paying contract was $67 million, which he signed with the Houston Rockets. Despite earning significant amounts of money throughout his career, his net worth is relatively low due to various financial setbacks he encountered. He suffered a loss due to his former financial advisor, who was sentenced to three years in prison. Additionally, Pippen has paid a substantial amount of money in child support, as he has eight children with four different women.
Category
Scottie Pippen is renowned for his tenure with the Chicago Bulls, where he played a pivotal role alongside Michael Jordan, contributing significantly to the team’s six NBA championships in the 1990s.
Net Worth
Despite earning a substantial $109 million during his NBA career, Scottie Pippen’s net worth is currently estimated at $20 million. This relatively low net worth is attributed to various financial setbacks, including losses from a former financial advisor and significant child support payments for his eight children.
Birthday
Scottie Pippen was born on September 25, 1965, marking the beginning of a journey that would lead him to become one of basketball’s most iconic figures.
Birthplace
Hailing from Hamburg, Arkansas, USA, Scottie Pippen’s roots are deeply embedded in the American heartland, shaping his journey to basketball stardom.
Gender
Scottie Pippen is male, a fact that has been integral to his identity and achievements both on and off the basketball court.
Height
Standing at an impressive 6 feet 8 inches (2.03 meters), Scottie Pippen’s towering stature not only made him a formidable presence in basketball but also contributed to his dynamic and versatile playing style.
Nationality
Scottie Pippen proudly holds American nationality, representing his country both nationally and internationally during his illustrious basketball career.
Early Life
Pipen was born in Hamburg, Arkansas, to Ethel and Preston Pipen. He grew up in a large family with 11 older siblings. His parents faced financial struggles and couldn’t afford to send all their children to college. Pipen’s father worked at a paper mill until he had a stroke, which left him paralyzed on his right side and affected his ability to walk and speak. Despite the family’s challenges, Pipen attended Hamburg High School, where he played point guard on the basketball team. He led his team to the state playoffs and received recognition as an all-conference player during his senior year. Despite his talent, he didn’t receive any college scholarship offers.
Early Career
Scottie Pippen’s journey to basketball stardom began at the University of Central Arkansas, where he initially joined as a walk-on player. Despite not gaining much attention from the media due to the university’s affiliation with the NAIA (National Association of Intercollegiate Athletics), Pipen’s talent couldn’t be ignored. Standing at 6 feet 1 inch tall when he graduated from high school, Pipen experienced a significant growth spurt during his college years, reaching a towering height of 6 feet 8 inches. His outstanding performance on the court garnered him recognition as a consensus NAIA All-American in both 1986 and 1987. Pipen’s remarkable statistics, including averaging 23.6 points, 10 rebounds, and 4.3 assists per game, caught the eye of NBA scouts, marking him as a rising star in the Arkansas Intercollegiate Conference.
Pipen’s professional career kicked off when the Chicago Bulls selected him as the fifth overall pick in the 1987 NBA draft. The Bulls orchestrated a trade with the Seattle SuperSonics to acquire Pipen, forming a formidable duo alongside Michael Jordan. Although Pipen initially came off the bench during his rookie season, he quickly proved his worth and earned a spot as the starting small forward. Under Jordan’s mentorship, Pipen honed his skills, emerging as one of the league’s premier forwards.
Pipen’s versatility and defensive prowess contributed significantly to the Bulls’ success. He showcased his abilities by recording impressive statistics, including a career-high in points, rebounds, and field goal shooting during the 1989-1990 season. These achievements culminated in Pipen’s first NBA All-Star selection in 1990.
Despite facing setbacks, such as playoff eliminations by the Detroit Pistons in consecutive years, Pipen’s resilience and determination propelled him forward. However, his performance in the 1990 Eastern Conference Finals was hindered by a severe migraine headache, impacting his play as the Bulls ultimately fell short.
Throughout his early career, Pipen’s partnership with Jordan and his continuous improvement solidified his position as a key player for the Bulls, laying the foundation for his future success on and off the court.
Business Ventures
Apart from his career as a professional basketball player, Pipen has diversified his income by investing in real estate. In 2004, he purchased a luxurious mansion spanning 13,500 square feet in Fort Lauderdale. Additionally, Pipen owned a 10,000-square-foot vacation house in Highland Park, featuring five bedrooms and modern amenities such as an indoor basketball court, gym, eight-car garage, and outdoor Infinity pool. The property also boasted a spa and an in-house movie theater. Pipen sold his Highland Park property for approximately $1.8 million in 2021 and his Fort Lauderdale estate for $10.55 million in the same year. The three-story property in Fort Lauderdale offered six bedrooms, expansive living spaces, and comfortable lounging areas. It included a fully equipped gym, movie room, waterfront basketball court, swimming pool, and personal docking area. Notably, the house was featured in one of the seasons of the TV reality show ‘Real Housewives of Miami.’
How Much Scottie Pippen Has Donated to Charity
Details about Scottie Pippen’s donations and charity events are not available.
Brand Ambassador
Throughout his career, Scottie Pippen has secured endorsement deals from multiple brands. Some notable brands include Nike, Ameritech Cellular TV, Frito-Lay, Visa, McDonald’s, Right Guard, and Coca-Cola.
Financial Lessons You Can Learn From Scottie Pippen’s Career & Investments
1. Wise Investments: Scottie made wise investments in real estate properties, leveraging them as assets. Additionally, he utilized platforms like Airbnb to rent out his properties, creating an additional income stream.
2. Resilience: Despite encountering difficulties during his early years, Pipen’s perseverance and determination drove him towards success. This highlights the significance of resilience in overcoming financial obstacles.
Conclusion
In conclusion, Scottie Pippen enjoyed a prosperous career as an NBA player, greatly contributing to his net worth. His earnings primarily stemmed from his salary and endorsement deals with prominent brands like Nike and Ameritech Cellular TV. Despite financial setbacks, including issues with a fraudulent financial advisor and ongoing child support payments, Pipen accumulated considerable wealth. His journey underscores the importance of making informed financial decisions. By meticulously evaluating each financial and investment choice, individuals can enhance their financial stability and work towards achieving financial freedom. For those seeking assistance in managing their finances, Beem’s BFF (Better Financial Feed) feature offers valuable insights into spending patterns and aids in avoiding late fees by providing timely alerts for upcoming bills. Consider utilizing Beem to develop better financial habits.
