Scottie Pippen net worth: Why is he not as rich as one would expect?

• During his playing days, Pippen made a lot of money through salaries and endorsements, but that does not fully reflect on his net worth
• Scottie Pippen net worth as of 2024 is estimated to be $20 million
• Interestingly, he earned a whopping $109 million over the course of his playing career

A widely celebrated figure in the NBA, Scottie Pippen net worth is a matter of interest to many basketball fans worldwide. Pippen played in the NBA from 1987-88 to 2003-04 and is best known for his time with the Chicago Bulls.

During his playing days, Pippen made a lot of money through salaries and endorsements, but that does not fully reflect on his net worth.

The Chicago Bulls legend currently has a net worth of $20 million, which is very low compared to that of other NBA greats he played with such as Michael Jordan. So, why is Pippen not as wealthy as he should be considering he made a fortune during his days as a player? Stay with us as we give you all the info you have always wanted to know about  Scottie Pippen net worth.

How Much Did Scottie Pippen Make?

Scottie Pippen played in the NBA for the Chicago Bulls, Houston Rockets and Portland Trail Blazers. Photo/ NBA.com.

To begin with, let’s first explore Scottie Pippen’s earnings during his playing days. According to many people, Pippen is one of the most underpaid players in the history of NBA. Well, there is some truth in that statement, but that does not mean that he was underpaid by all the teams he played for.

Prior to the start of the 1991 season, Pippen signed a seven-year $18 million contract extension with the Chicago Bulls. In simple terms, his annual salary was $2.6 million. Well, this was a lot of money those days but it shouldn’t be what a superb player like Pippen should be earning considering the other top player in his team, Michael Jordan, was earning $30 million plus in a year.

Pippen later became frustrated because he felt that he signed a bad deal. While talking about the contract later on, he said that coming from a poor family with a father and brother being wheelchair-bound pushed him to sign the contract. He wanted to secure those close to him.

Fortunately, the NBA legend did get a better deal afterwards when he joined the Houston Rockets prior to the 1998-1999 season. The Rockets paid him a whopping $11 million for one season. He then continued his career with the Portland Trail Blazers, who paid him $66 million for four years. His earnings at those two NBA franchises made up for his earnings with the Bulls.

For his final two career seasons, Scottie Pippen earned $10 million playing with the Bulls. Interestingly, he earned a whopping $109 million over the course of his career, which is higher compared to Jordan’s $94 million. The majority of his earnings came from his contract with the Houston Rockets.

Scottie Pippen. Photo/ CNN.

Scottie Pippen Net Worth

As already mentioned, Scottie Pippen has a net worth of $20 million, as per several credible sources such as Celebrity Net Worth. Considering Pippen’s career earnings which were above $100 million and his endorsement deals, you expect him to be very wealthy now.

Speaking of endorsements, Pippen had deals during his playing days with brands such as Avia, Nike, Ameritech Cellular TV, McDonald’s, Frito-Lay, Visa, Right Guard and Coca-Cola.

Why is Scottie Pippen Net Worth ‘Only’ $20 Million?

According to Marca.com, the main reason why Scottie Pippen is not as rich as one would expect is because he fell into the hands of a bad financial advisor following his retirement. Pippen lost around $20 million and while the advisor was sent to jail for three years, the Bulls legend never recovered his money. One of the things that Pippen’s advisor did was use the former player’s $1.4 million to pay off his personal debts. He forged Pippen’s signature to write the check.

Scottie Pippen lost millions to a bad financial advisor. Photo/ New York Post.

The other main reason why Scottie Pippen net worth is only $20 million is because he lost a lot off money to child support. The 58-year-old has eight children with four different women and found himself paying a huge amount from his salary to child support.