After 1997-98 NBA season Scottie Pippen was the 122nd highest-paid player in the league despite by that time being second in command to at that point five NBA title victories with The Chicago Bulls. By the time 2002 rolled around, Pippen was making $19 million a year with the Portland Trailblazers, and he had money to blow.
Blowing money is exactly what Pippen did when he purchased a $4.3 million private jet that he ultimately never even got to use.
In 2002, he reportedly purchased a Gulfstream Jet that he didn’t find out until after the purchase required $1million in repairs.
The ill-advised purchase resulted in a major lawsuit. In 2010, Pippen won a $2 million judgment against the Chicago law firm he blamed for failing to monitor his plane purchase properly.
One year later, in 2011, Pippen filed another aviation-related lawsuit where he would be awarded a $2.37 million judgment against Miami businessman Craig Frost and CF Air.
Pippen might want to be extra cautious o his next plane related purchase.
Flip the page to see the story of how Pippen spent $4.3 million on a plane that didn’t work.