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Allen Iverson Net Worth and Career Earnings: Allen Iverson is an American retired basketball player with a net worth of just $1 million dollars.
I say Just….
…Iverson has earned over $200 million during his career.
This guy’s an unbelievable crowd-puller for both his athletic success and his controversy.
Want to know more about Allen “The Answer” Iverson?
Then you came searching in the right place.
In this article, we’ll be giving every bit of juice you
want to know how much is Allen Iverson worth? Here we have…
It’s how we roll.
Let’s check this guy out!
Who Is Allen Iverson?
Allen Ezail Iverson is one of the league’s greatest players.
He was born on 7th June 1975 in Hampton, Virginia; his father Allen Broughton abandoned his mother.
He attended Bethel High School in Virginia. He served time in a correctional institue for a bowling riots case in 1993.
This basketball hall of famer is known to be one of the most celebrated ballers in court for his explosive plays…
…with a rather notorious back story to boot.
He’s been recognized by ESPN as the “5th greatest NBA shooting guard of all time”.
During his NBA career between 1998 and 2005, he set the record as top scorer FOUR times.
“I believe that whatever we have, regardless of a trade being done or not, I feel we have a shot. I’ve just got to believe that we’re going to be all right. I’ve got to just play basketball,” Allen said.
Allen Iverson reached the pinnacle of his career,
he holds the record for 2nd highest per game scoring average with the legend Michael Jordan just tipping a nod above him.
Allen Iverson wealth of currently $1 Million is an understatement of his overall stardom in the early 2000s.
Iverson played his last official NBA game on Feb. 20, 2010 in a game against the Chicago Bulls.
|Net Worth: $1 Million|
|Date of Birth: June 7, 1975. Allen Iverson is |
47 years old.
|Relationship Status: Divorcee (Tawanna Turner)|
|Relationship Status: Divorcee (Tawanna Turner)|
|Profession: Former professional NBA Player|
As of 2022, Allen Iverson is worth is a pretty disappointing $1 Million after his permanent time-out.
Iverson has earned over $200 million during his career, so where did it all go wrong?
Well for quick insight, general life challenges, overspending, and after his wife filed for divorce.
Don’t worry we’ll go into detail about Allen’s financial troubles, legal problems, and that infamous Reebok trust fund.
Allen Iverson’s Net Worth Year By Year
|Year||Net Worth $|
|2000||$ 10 000 000|
|2009||$ 20 000 000|
|2017||$ 1 400 000|
|2018||$ 1 000 000|
|2019||$ 1 500 000|
|2020||$1 000 000|
|2001||$ 20 M|
|2002||$ 11 250 000|
|2003||$ 12 300 000|
|2004||$ 13 500 000|
|2005||$ 14 600 000|
|2006||$ 16 400 000|
|2007||$ 17 100 000|
|2008||$ 19 000 000|
|2009||$ 20 800 000|
|2010||$ 1 029 000|
|2011||$ 161 000|
|Total Endorsement Earnings||$ 50 000|
|Total Earnings||$ 205 Million|
Business Ventures, Endorsements & Products
Aside from his popular Reebok endorsement, Allen Iverson has an endorsement deal with or has endorsed the following brands and products:
Here’s a list of some Movies AI has shown up for in cameo roles:
A boy with a dream to become a basketball star laces up a magical pair of shoes.
A frustrated financial adviser finds the solution to his problems in his daughter’s fantasy world.
My Other Home (Another Shot)
Professional basketball star Stephon Marbury finds his passion by playing in China
Allen Iverson Investments
Iverson – Reebok Trust Fund
It’s nothing new…
… how an NBA star goes from hero to zero overnight.
As it happens, 60% of NBA Stars go broke after 5 years of retiring from the league.
Allen Iverson started out great.
He was an underdog.
His was a rags-to-riches tale of a young boy from Hampton Victoria beset with problems, hacked his life and became well known.
Be it as it may, Allen’s American dream began to crumble as he made some bad financial decisions.
The only thing holding this Philadelphia 76ers up is his endorsement with a popular sporting goods brand.
Depressingly, the entirety Allen Iverson total wealth is all thanks to Reebok.
It saved him from going completely broke!
With the exception of paying him $800,000 a year FOR LIFE, Reebok set aside a $32 Million very unique endorsement deal for Allen that he can access as he turns 55 in the year 2030.
However, after Allen’s ex wife filed for divorce, Allen will inherit only half of it.
Will he hold on til’ he turns 55, I wonder?
Allen Iverson Controversies & Litigation
This part, my friends, is where you’ll know how Allen Iverson’s wealth came dropping down like a pile of bricks.
We’ll start off with the small ones early on in his career…
Iverson vs. The Cops
During the 1997 offseason, the cops cut Iverson down in one swift swing!
He and his friends were stopped by police for speeding late in the evening only to be arrested on multiple counts.
This Philadelphia 76ers MVP was charged with carrying a concealed weapon and possession of marijuana which thankfully got him community service as he pleaded no contest.
Iverson vs. Domestic Abuse Charges
In 2002, news germinated about this NBA big league allegedly throwing his then wife Tawanna out of their home after a big squabble.
It’s said he later carried a gun and threatened two men as he was looking for her.
Lucky for him, all charges were later dropped after evidence from witnesses was found to be contradictory and unfit to be used in court.
Iverson vs. Bally’s Atlantic City Casino
You might wanna hold your laughter for this one…
On February 24, 2004, Iverson was unofficially BANNED from Bally’s Atlantic City Casino for urinating in a trash can.
He was literally told not to return by the management.
Did he deserve it?…
It’s not enough to be famous, you do gotta be respectable too!
Iverson vs. Trump Taj Mahal
After the sixers defeated the Charlotte Bobcats on December 9, 2005, Iverson paid a late-night visit to the Trump Taj Mahal. Here, Iverson was overpaid $10,000 by the dealer after winning a hand at a three-card-stud poker table.
As the dealer quickly realized, this Philadelphia 76ers megastar refused the request to give it back.
Not long after, a heated argument between Iverson and the staff began.
As per Casino regulations, when a payout mistake occurs in favor of the gambler, the gambler must return the money they did not actually win legitimately.
Iverson and bodyguard vs. Marlin Godfrey
Likewise in 2005, Iverson’s bodyguard Jason Kane was accused of assault on Marlin Godfrey after refusing to leave the club’s VIP section.
This happened at a Washington, D.C. nightclub – so Iverson’s entourage could enter the room instead.
As a result of the brawl, Godfrey suffered a number of injuries: a concussion, ruptured eardrum, torn rotator cuff, cuts and bruises, burst blood vessels in his eye, and so-called emotional distress.
… Godfrey sued Iverson for the injuries caused by his security guard. Two years later, the jury awarded $260,000 to Godfrey from Iverson.
The verdict was upheld in 2009.
Iverson vs. Ohio man
One certain Ohio man sued Iverson in 2011 for $2.5 Million claiming that Iverson’s bodyguard (again) assaulted him in a bar fight in Detroit.
However, the federal judge dismissed this case due to lack of evidence against Iverson and his bodyguard, Guy Walker.
Allen Iverson vs. Former Wife
This one’s just a case of pettiness but nevertheless, it’s on record for its absurdity!
In 2013, Iverson was accused of kidnapping his children.
Allen refused to return them to their mother.
He denied the claim, and later he and his ex-wife reconciled.
How Iverson Spends His Money
Sometimes when a big fish claims they’re bankrupt, it doesn’t necessarily mean they literally have no money.
It’s a ruse….
… a last ditch effort to settle debts and start a clean slate.
But in Iverson’s case, his bankruptcy was no ruse at all.
It was the consequence of his terrible spending habits.
This Philadelphia 76ers legend’s dreadful financial situation came to light as the court ordered him to pay a Georgia Jeweler $900,000 but apparently, his funds were at an all time low.
In a court filing in December 2012, a judge in Georgia ordered the seizing of all Allen Iverson’s bank accounts after he embarrassingly told the judge his monthly income was $62,500…
BUT HIS EXPENSES WERE $360,000!
Of which, $10,000 was spent on clothes, $10,000 on restaurants and entertainment, another $10,000 for groceries, and about $125,000 went back to paying debt and mortgages! And that’s just in a MONTH!
Allen Iverson Houses
Alpharetta, GA, Mansion
He bought this European style 7 bedroom house, with 7 bathrooms for $2.16 Million in 2006, good addition to his portfolio.
The word on the streets is this house is in foreclosure.
Iverson had already lost another Atlanta-area home before this one.
He blames his now former wife for the purchase without his consent.
This led him deeper into financial distress.
Allen Iverson Cars
Bentley Continental GT
Here’s a crazy story:
“Yo AI, I have to get me one of these.” said Larry Hughes as he complimented AI’s new Bentley.
Without a single hesitation, Iverson responded “Bro, you can have mine.”
That’s how he thoughtlessly gave away a brand-new car from worth nearly $250,000!
This sweet ride was impounded by the Police one time after our sports mega star AI failed to prove that it belonged to him.
I guess this NBA star’s not as well known as we thought?
Or was the police officer living in a cave?
Fun Facts About Allen Iverson
- This NBA star attempted to enter the rap music industry during his basketball career.
- In high school, he was popular for both basketball AND football.
- He popularized the Shooter’s Sleeve
- This Philadelphia 76ers icon was given a 15-Year Prison Sentence when he was 17 years old. Apparently he and his friends got into a fight with Iverson allegedly hitting a woman with a chair on the head. It was overturned later for lack of evidence.
- His Playoff Scoring Average is Second in NBA History (Michael Jordan is First.)
- After getting off a flight, Iverson forgot where he parked his VERY EXPENSIVE car so he left and bought a new one.
- At 6’0, he was the first ever overall pick for the Philadelphia 76ers in the 1996 NBA draft.
- Iverson played for the 76ers from 1996 to 2000.
- In 2001, Iverson signed a deal with Reebok that would pay him $800,000 a year throughout his lifetime. The deal included a $32 million payout – of which he will receive only half the trust fund only after he turns 55. The other half will go to his former wife.
- Iverson was an 11-time NBA All-Star and he was inducted in the Naismith Memorial Basketball Hall of Fame in 2016.
- He was a player for the Denver Nuggets, Detroit Pistons, and Memphis Grizzlies.
- For a few months, Allen went to Georgetown University but was then drafted by the Philadelphia 76ers.
- Allen Ezail Iverson, nicknamed “The Answer”, played for 14 seasons in the NBA at both the shooting guard and point guard positions.
Allen Iverson Philanthropy
Allen Iverson has engaged in charity work with or supported the following charities:
The Philadelphia 76ers standout also coached a basketball team for charity in the Philippines. This 2-day clinic included a press conference too. It mostly catered to high school kids ranging from 12 to 14 years old.
He also showered friends and family, (especially his mother, Ann Iverson), with a whole host of generous and expensive gifts.
5 Lessons For Financial Freedom From Allen Iverson’s Net Worth
- Live within your means. Sometimes when your career has skyrocketed to unbelievable heights, you tend to overestimate yourself. This happened to Basketball bigwig, Iverson. So live within your boundaries and NEVER go for an overly lavish lifestyle.
- Instead of buying stuff, make investments. After reading all this basketball star’s litigations, you’ll see how his one deal with Reebok saved his LIFE.
- Don’t be reckless with money.
- Don’t be financially ignorant. Invest for money, and invest for learning. Ignorance can cause you more bad news than the money you’d lose because of it.
- Don’t fall prey to short term thinking. Plan Ahead.
Summary: Allen Iverson Net Worth
Thanks for tuning in!
I think we all can agree what a bumpy ride his career has been.
Iverson, age 45, former basketball personality…
If we only look at his assumed wealth, it’s glistening and gold-plated; or is he simply flat broke by now?
But a person isn’t all we see on the big screen.
He had a tough side to him and it showed in the way he handles the ball.
What really brought me to a standstill was the Iverson-Reebok engagement, his trust fund of $32 million, and how it is pretty much all that worked out for the former superstar.
I hope you enjoyed this article – you might also want to check out Allen Iverson’s Height, click here.