Michael Jordan’s Wife Receives $5 Million For Every Year She’s Married To The Basketball Legend
According to their prenuptial agreement, Yvette Prieto received $1 million for every year she was married to Michael Jordan. They married in 2013 and have twin daughters, born in 2014.
However, after passing ten years of marriage, Prieto is now paid $5 million a year. Despite criticism of the contract, Jordan has stated that the deal is a fair solution for both parties.
The Chicago Bulls legend recently sold his majority stake in the Charlotte Hornets for $3 billion, further cementing his position as the richest NBA player, with an estimated net worth of $3.5 billion. However, in 2006, Jordan faced a costly divorce, paying an estimated $168 million to his ex-wife, in addition to giving up custody of their three children and the marital home, a sprawling 25,000-square-foot estate in Chicago.
For people with such wealth, a prenuptial agreement is a practical necessity. With so much at stake in a divorce, dividing assets can be an incredibly complex and lengthy process. Having a prenuptial agreement in place lets both parties know what to expect, making the process much easier if the marriage ends.
Jordan seems to have learned a lesson from his previous marriage. Before he married Yvette Prieto, who is 16 years his junior, Jordan required her to sign a prenuptial agreement. The agreement benefits both parties: While Prieto enjoys greater financial security, Jordan is protected in the event of a separation.
It’s important to remember that Jordan is arguably the greatest and richest basketball player in history.
