Michael Jordan’s wife Yvette Prieto went bankrupt years before enjoying $3 billion luxury lifestyle

Yvette Prieto, NBA legend’s wife Michael JordanJust for being married to a basketball icon, you’ll get a staggering $5 million salary. While it may seem like a fairy tale ending, it’s worth digging into the past of Yvette Prieto, who faced financial challenges before becoming the wife of one of the greatest basketball players in history. Challenges and Bankruptcies.

Yvette Prieto was born in Cuba on March 26, 1979 and had an interesting journey before marrying Michael Jordan. According to multiple reports, she worked as a model before meeting the NBA legend. The couple tied the knot in a lavish wedding in April 2013, and Prieto has been in the public spotlight ever since.

Before becoming Mrs. Michael Jordan, Yvette Prieto faced financial difficulties and eventually filed for bankruptcy. In 2002, Prieto filed for Chapter 7 bankruptcy in Florida, according to records. The bankruptcy filing shows debts totaling nearly $600,000, including outstanding debt related to failed business ventures.

Sources say Prieto’s financial woes were caused by a failed investment in a Miami company. Bankruptcy documents show she invested $300,000 in the company, which eventually collapsed, causing Prieto to suffer a major financial setback.

Michael Jordan Endorsement: $5M Payday

Fast forward to now, and Yvette Prieto is set to receive a huge windfall just for being married to Michael Jordan. According to Essentially Sports, Prieto is expected to receive $5 million per year if a divorce settlement is reached, marking a significant turnaround from his early financial woes. It is reported that the clause will only take effect after 10 years of marriage; before that, she will receive $1 million per year.

The financial arrangements between Michael Jordan and Yvette Prieto reveal the complexities of the high-profile divorce and the huge sums involved in celebrity settlements. Prieto’s $5 million payday is just one aspect of the financial dynamic that illustrates the unique circumstances under which their marriage could fall apart.

Yvette Prieto’s journey from bankruptcy to Mrs. Michael Jordan with a $5 million payday is a testament to life’s twists and turns. While her past financial challenges seemed insurmountable to some extent, her marriage to Michael Jordan brought her financial stability and new opportunities. There is no doubt that the public will continue to follow the story of Yvette Prieto and the interesting dynamics of her marriage to the basketball legend.