Revisit the prenuptial agreement Michael Jordan signed 10 years ago

Chicago Bulls legend Michael Jordan divorced his first wife, Juanita Vanoy, on December 29, 2006, and was forced to pay a settlement of up to $168 million. Before Jordan remarried his second wife, Yvette Prieto, on April 27, 2013, Jordan signed a lucrative prenuptial agreement that would change based on the number of years the couple had been married.

Under the terms of the prenuptial agreement, Prieto will receive $1 million per year for the 10 years of his marriage to Jordan. However, after 10 years of marriage, this number increases to $5 million per year.

The couple have been married since 2013, with Prieto now eligible for up to $50 million starting today. However, this can only happen if the couple decides to divorce.

While that total may still seem shocking to some, it pales in comparison to Jordan’s net worth of $3.5 billion as of 2023.

Jordan’s net worth recently surged to $3.5 billion after he completed the sale of his majority stake in the Charlotte Hornets last month, according to Bloomberg. According to ESPN, Jordan sold his stake in the team to hedge fund and private equity tycoons Gabriel Plotkin and Rick Schnall for $3 billion.

While Jordan and Prieto still have no plans to divorce anytime soon, it looks like both will be protected in the event of an unexpected divorce. Jordan will retain most of his vast wealth, while Prieto will remain financially stable going forward. So, it’s safe to say that the Bulls legend has learned from his past mistakes and learned some lessons this time around.

Also Read: ‘Anything less than that is probably bad’: Michael Jordan sounded the alarm 18 years ago by allowing 19-year-olds into NBA

How did Michael Jordan meet his second wife, Yvette Prieto?

Chicago Bulls legend Michael Jordan and his wife Yvette Prieto
Chicago Bulls legend Michael Jordan and his wife Yvette Prieto

As for how Michael Jordan met his second wife, Yvette Prieto, they first met at a Miami nightclub in 2008. Subsequently, they moved in together in 2009. Jordan subsequently proposed to Prieto in 2011, and the two immediately began planning a lavish wedding. .

“He wanted to give Yvette everything she wanted,” People magazine reported of the wedding at the time.

The couple’s wedding took place on April 27, 2013, at Bethesda-by-the-Sea Episcopal Church in Palm Beach, Florida. A total of 500 guests attended, including celebrity guests such as Spike Lee, Patrick Ewing and Tiger Woods.

On February 9, 2014, Jordan and Prieto gave birth to twin daughters named Victoria and Isabel. The twins are Jordan’s fourth and fifth children, joining his three children from his first marriage.

Also read: ‘New York is next’: Michael Jordan was just 30 minutes away from leaving Bulls for Knicks in 1996

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Edited by Nicholas Ackerman

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