Years Before Lavish $3 Billion Lifestyle, Michael Jordan’s Wife Yvette Prieto Once Suffered Bankruptcy

Yvette Prieto, the wife of NBA legend Michael Jordan, is set to receive a staggering $5 million payday just for being married to the basketball icon. While this may seem like a fairy tale ending, it’s essential to delve into Yvette Prieto’s past, where she faced financial challenges and bankruptcy before becoming the wife of one of the greatest basketball players in history.

Yvette Prieto, born on March 26, 1979, in Cuba, has had an interesting journey leading up to her marriage to Michael Jordan. According to reports from various sources, she worked as a model before crossing paths with the NBA legend. The couple tied the knot in a lavish ceremony in April 2013, and since then, Prieto has been under the public eye.

Before becoming Mrs. Michael Jordan, Yvette Prieto faced financial difficulties that culminated in a bankruptcy filing. According to records, in 2002, Prieto filed for Chapter 7 bankruptcy in Florida. The bankruptcy filing revealed debts totaling nearly $600,000, including outstanding liabilities related to a failed business venture.

Sources indicate that Prieto’s financial woes were a result of a failed investment in a Miami-based company. The bankruptcy documents showcased that she had invested $300,000 in the business, which ultimately folded, leading to a significant financial setback for Prieto.

Michael Jordan’s Support: The $5 Million Payday

Fast forward to the present, and Yvette Prieto is set to receive a substantial financial windfall simply for being married to Michael Jordan. According to reports from Essentially Sports, Prieto is expected to receive $5 million annually in case of a divorce settlement, signaling a significant turn of events from her earlier financial struggles. It is reported that this clause will only activate after 10 years of their marriage; before that, she would be paid $1 Million annually.

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The financial arrangement between Michael Jordan and Yvette Prieto sheds light on the complexities of high-profile divorces and the substantial sums involved in celebrity settlements. Prieto’s $5 million payday is just one aspect of the financial dynamics at play, showcasing the unique circumstances surrounding a possible dissolution of their marriage.

Yvette Prieto’s journey from bankruptcy to a $5 million payday as Mrs. Michael Jordan is a testament to the twists and turns life can take. While her past financial challenges may have seemed insurmountable at one point, her marriage to Michael Jordan has brought financial stability and newfound opportunities. The public will undoubtedly continue to follow the story of Yvette Prieto and the intriguing dynamics of her marriage to the basketball legend.

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