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Scottie Pippen Loses Half of His Money in Fail Investment

Scottie Pippen Loses Half of His Money in Fail Investment

Scottie Pippen currently has $50million amount net worth, but due showing his salary record, he seems lost almost half of his amount earning. Well even Scottie Pippen is not the richest basketball in NBA league, but $50million amount of net worth seems to small for this man who well known playing for the Chicago Bulls. He is currently retired and seems that Scottie Pippen already made bad decisions in business and finance work. Along his career from 1987 to 2005 NBA season, Scottie Pippen salary amount was reached $109,192,430. Despite playing for several big teams, Scottie Pippen also endorsed by several big companies like Nike, Mr. Submarine, Coca-Cola, McDonald’s, Zipplin!, and Right Guard. In his era, Scottie Pippen is one of the highest paid NBA players alongside Michael Jordan and Magic Johnson. This man started his career by joining the Chicago Bulls in 1987 with total salary about $725,000 at that time. Scottie Pippen was played almost ten seasons with the Chicago Bulls and he ever received $3,425,000 in 1992 to 1993 seasons. Scottie Pippen highest paid record is $19,727,524 in 2002 to 2003 while playing for Portland Trail Blazers. But due the poor business and financial decision, Scottie Pippen stated loss more than half his total salary while playing for the NBA. This man reported lost $27million for the fail investment. In 2002 he purchases a Gulfstream II jet for $4.375 million and owed this amount of money from the bank. That private jet force Scottie Pippen to pay more than $5million debt. Despite that his amount of money also reduced due his luxury lifestyle, expense and owed some debt to taxes too.

Scottie Pippen started his career and showed his skills as a basketball player since he was attending University of Central Arkansas in Conway. With nearly 60 percent field goal shooting and 23.6 points per game soon make Scottie Pippen becoming a target for several NBA major teams. Actually at his first career in NBA league, Scottie Pippen was drafted for 1987 NBA Draft by Seattle SuperSonic but then he was traded to the Chicago Bulls. In Chicago Bulls, Scottie Pipen played as a power forward and showing his skill as the basketball play brilliantly. Along his career with the Chicago Bulls, Scottie Pippen has made 6.7 rebounds per game and earned 16.5 points per game. It was reported this ability was increased from time to time that why Scottie Pipen then known defense several big teams in the NBA. He was reported has been played for the Chicago Bulls, Houston Rockets and Portland Trail Blazers.

Scottie Pippen maybe a little bit worried about his future so then he decide to invest some of his money, its better for Scottie Pippen to get financial advice to guide him before he lost all of his money.