Scottie Pippen Never Declared Bankruptcy and Still Has an Impressive Net Worth

We’ve all heard the horror stories about financially irresponsible athletes. For every Shaquille O’Neal, who uses his money intelligently, there’s a Mike Tyson or an Antonie Walker. If you’ve spent any time on the Internet, you may have seen Chicago Bulls legend Scottie Pippen lumped in with the former stars who have blown through all their savings. It turns out, however, that you can’t believe everything you read.

Despite rumors suggesting the contrary, Scottie Pippen never went bankrupt. In fact, Michael Jordan’s number two man is still doing pretty well financially.

Scottie Pippen’s NBA career

In retrospect, Scottie Pippen is often cast as nothing more than the Robin to Michael Jordan’s Batman. While the two did work incredibly well together, that robs Pippen of the credit he deserves.

Pippen’s road to the pros started at the tiny University of Central Arkansas. While the school was far from a traditional powerhouse, Pippen developed into a star that scouts couldn’t ignore. He started out as the team manager; as a senior, he averaged 23.6 points and 10 rebounds per game.

The Chicago Bulls were impressed by his development and, on draft day in 1987, worked out a deal to acquire Pippen from the Seattle SuperSonics. While the forward didn’t blow anyone away during his rookie season, Michael Jordan pushed him to improve. Before long, Pippen developed into a star; he was capable of both stepping up as the Bulls’ number two scorer and shutting down the opposition’s top threat on the defensive end.

While things wouldn’t end happily in Chicago, Pippen spent a total of 12 seasons with the Bulls; he averaged 17.7 points, 6.7 rebounds, and 5.3 assists per night and, more importantly, won six NBA titles. He would also spend time in Portland and Houston, making up for lost time from a salary perspective.

The Chicago Bulls forward never went bankrupt

Every sports fan has heard the tragic tales of professional athletes who wasted their money and ended up bankrupt. While someone named Scottie Pippen did file for bankruptcy, it wasn’t the basketball player.

In 2011, the former Chicago Bulls forward sued a collection of media outlets, ranging from CBS Sports to a college’s student paper for claiming that he had gone bankrupt. “It is a most foul libel indeed to be falsely accused of being bankrupt,” the suit read, according to TMZ. “Scottie never filed bankruptcy and indeed has a substantial net worth, which has not been less than approximately $40,000,000 in the last ten years.”

While Pippen made some poor financial choices over the years—he once bought a $4.3 million plane that couldn’t fly and apparently left some pretty poor tips—he didn’t blow through his entire fortune.

How much is Scottie Pippen worth today?

While he was underpaid by the Chicago Bulls, Scottie Pippen still took home plenty of money during his time in the NBA. Thanks largely in part to a sizable sign and trade deal, the forward earned more than $100 million in salary.

While it’s tough to pinpoint Pippen’s exact net worth, we do know that he still has plenty of money in the bank. CelebrityNetWorth puts the number at $20 million; TheRichest, however, estimates the forward is worth $50 million, which is more in line with the assertion from his 2011 lawsuit.

Regardless of Scottie Pippen’s exact net worth, however, one thing is clear. He still might be overshadowed by Michael Jordan, but the forward has plenty of money in the bank.