After recently selling his stake in the Charlotte Hornets, Michael Jordan is now reportedly worth 3.5 billion dollars. His net worth has seen a massive rise in the past 15 years. Having gone through a tough time in his life in 2006, Jordan learned to do things that are more in his favor.

Michael Jordan’s divorce from his first wife, Juanita Vanoy, ended with a heavy settlement. Having paid more money than what he made during his whole playing career to this wife, Jordan made his second wife sign a prenup before their marriage. But the contract is now ready to make Yvette Prieto $4 million more every year after the next 6 months.

Michael Jordan learned from his mistake

Learning from his experience of what a divorce can bring to his assets, The Chicago Bulls legend and his second wife, Yvette Prieto, signed a prenup before getting married to each other. The prenuptial contract was made in a way that benefited both parties.

In the contract, it is mentioned that if the couple got divorced, then Yvette would be given 1 million dollars for every year the couple was together after marriage.

Trending

Big Setback for Shaq, as $155 Billion Company Eyes Charles Barkley and Kenny Smith Post-TNT Era

May 17, 2024 10:54 PM EDT

“I Can Be Replaced”: Shaq Drops Cryptic Note Online As Absence From TNT Live Show Confuses America

May 20, 2024 01:32 AM EDT

“Jordan Slipping Him Cash”: Fans Join In as Magic Johnson Slams Stephen A. Smith for Leaving Isiah Thomas Out of His List

May 18, 2024 03:30 PM EDT

Shaquille O’Neal, Tempted by Elon Musk’s Tesla Creation, Offers $159,999 Worth Trade to 30YO Comedian

May 19, 2024 06:38 AM EDT

Where Is Shaquille O’Neal? 7ft Legend Leaves TNT Studios Mid-Show, Draymond Green Stands as Replacement

May 16, 2024 03:46 AM EDT

Get instantly notified of the hottest NBA stories via Google! Click on Follow Us and Tap the Blue Star.

Follow Us

But in six months, that is going to change. This is because the prenup also states that if the couple has been married for more than 10 years and files for divorce, Yvette will be paid $5 million for every year the couple was together. Michael will remain the owner of all the businesses and properties.

Captivating Detail in $3.5 Billion Worth Michael Jordan’s Lush Chicago Mansion Proves Undying Love for 3 Children From His First Marriage

With the net worth that Jordan has currently, this prenup is a big safe space for Jordan in case something goes wrong. But back in 2006, he learned things the hard way after his divorce from his first wife.

Jordan’s first divorce did not end well for him

Jordan and Juanita Vanoy were married for 17 years before filing for divorce. They first filed for divorce in 2002. But they later reconciled. Having troubles in their lives, they filed again for divorce in 2006. Following that, Jordan was ordered to pay a heavy settlement.

Michael Jordan was made to pay $168 million in settlement. On top of that, Jordan had to pay 2 million dollars in legal fees for the divorce. Vanoy was also given custody of his three children and their marital home in Chicago. Jordan, in his whole time playing in the league, earned 94 million dollars which makes this settlement an interesting one.

Watch This Story: Days Within Getting Denied of His Only Trade Destination, Damian Lillard Feels Otherwise About Teaming Up With Giannis Antetokounmpo

What do you think of this contract between Jordan and Yvette? Let us know in the comments!