Do you ever find yourself curious about Scottie Pippen’s net worth? The former professional basketball player continues to hold a substantial fortune.

In May 2023, Scottie Pippen’s net worth stands at $20 million. He gained recognition as Michael Jordan’s teammate on the Chicago Bulls throughout the 1990s.

This post aims to walk you through his journey.

Early Life

Pippen’s birthdate is September 25th, 1989, and he was born in Hamburg, Arkansas.

Preston Pippen worked in a paper mill and was married to Ethel Pippen. They had 12 children, and their youngest child was born to them. Unfortunately, Preston later experienced a stroke.

Due to his condition, he was unable to walk and his right side became paralyzed. The family faced financial constraints, and managing the needs of their 12 children posed a challenging task.

They lacked the financial means to send all of them to college.

Fortunately, Scottie had developed into an exceptionally talented basketball player by the time he reached his senior year at Hamburg High School.

He guided his team to the state championships and achieved All-Conference recognition.

Despite Pippen’s success, he did not receive any offers after graduating from the relatively small school of Hamburg.

Don Dyer, the head coach of the University of Central Arkansas, had the good fortune of discovering him.

Recognizing Pippen’s untapped potential, Dyer extended a generous full scholarship to the University of Central Arkansas.

Pippen completed his high school education, measuring 6 ft 1 in. However, by the time he reached his final year in college, he had experienced a significant growth spurt and stood at 6 ft 8 in. Throughout his college career, Pippen consistently achieved impressive statistics, averaging 23.6 points, 10 rebounds, and 4.3 assists per game.

Earning him all-American honors and catching the attention of NBA scouts, this accomplishment set him apart.

Career

The Chicago Bulls orchestrated a trade with the Seattle Supersonics in 1987, resulting in the acquisition of Pippen from the Supersonics in exchange for Olden Polynice and future draft pick options.

Pippen secured the starting small forward position by the 1988 playoffs, forming a dynamic duo with the budding superstar Michael Jordan.

For the first time in over a decade, the duo successfully guided the Chicago Bulls to the conference finals.

The Bulls may have fallen short of the championship, but there was no denying the strong camaraderie that developed between Pippen and Jordan.

Pippen had already established himself as an All-Star and had become known for his exceptional defensive abilities by 1991. Additionally, his playmaking skills were remarkable considering his size.

He skillfully guarded every position on the basketball court while also generating scoring opportunities for both himself and his teammates.

After being chosen for the All NBA Second Defensive Team in the 1990-91 season, Pippen contributed to the Bulls’ triumphant championship victory that year, as well as their back-to-back conquests in the subsequent two years.

During the period between his championship run, Pippen joined the 1992 USA Olympic team, famously known as The Dream Team, which is widely regarded as the greatest basketball team in history.

He was set to excel in international competition and come back to the United States proudly adorned with a gold medal.

Pippen’s impressive career would see him adding another three championships to his name, while also earning spots in seven All-Star games, five All-NBA selections, and an incredible ten All-NBA Defensive team selections.

Pippen was renowned as one of the top players on the perimeter in the league.

Regrettably, his tenure in Chicago concluded following the 1998 championship.

After a brief stint with the Houston Rockets and Portland Trailblazers, he eventually concluded his career in Chicago in 2004.

Salary

In 1991, during his prime years, Pippen entered into a remarkably unique agreement with the Bulls. Many consider his contract to be the most unfavorable in NBA history.

Pippen and the Bulls reached an agreement on a seven-year deal worth $18 million.

While this offer would be great for the typical American, it fell short for someone as talented as Pippen, leading his agents to advise against accepting it.

Despite Pippen’s challenging background, he possessed a strong desire to acquire money in order to provide support for his family.

The Bulls capitalized on this opportunity and presented him with a cost-effective, extended contract.

By 1998, when Pippen was undeniably one of the top 5 players in the league, the agreement would result in him being the 6th highest-paid player on the team.

Pippen, determined to recover from this setback, would eventually part ways with the Bulls. He would go on to secure an $11 million contract with the Houston Rockets and later ink a lucrative five-year deal worth $67.2 million with the Portland Trailblazers.

Despite making over 107 million dollars throughout his entire career, Pippen missed out on the opportunity to fully exploit his peak performance, resulting in the loss of millions.

Scottie Pippen Net Worth

Scottie Pippen Net Worth 2023

Scottie Pippen’s net worth is currently $20 million as of May 2023, which can be attributed to the success of his playing career that has sustained him to this day.

Regrettably, he has been unable to amass greater wealth, despite earning five times his current net worth during his career nearly two decades ago.

Despite potentially missing out on earnings and not making proper investments, Pippen remains incredibly wealthy and is anticipated to publish a book titled “Unguarded” later this year.

Frequently Asked Questions (FAQs)

Key Takeaways

After learning about Scottie Pippen’s net worth and the methods he employed to accumulate it, let’s delve into some of the crucial lessons we can extract from his remarkable journey.

Financial Literacy is Essential

Despite being advised otherwise, Pippen went ahead and signed an unfair contract, resulting in significant financial losses for him. It is crucial to gain a deep understanding of the intricacies of the business realm, ensuring that you are consistently remunerated fairly based on your true value.

Failing to do so puts you at the risk of making detrimental decisions that may negatively impact your well-being in the future.

Star In Your Role

Pippen’s undeniable prowess as a role-player places him in contention for the title of the greatest of all time. With a profound understanding of his strengths, he excelled in his designated position, ultimately contributing to an astounding 6 NBA championship victories.

Being the standout performer or leader in your company or start-up may not always be possible, but it’s crucial to recognize your own strengths. Just like Jordan needed Pippen, it’s acceptable to take a supporting role if it increases the chances of success in your particular circumstances.