Allen Iverson Net Worth

Introduction: 

Allen Iverson Net Worth, How did the retired American professional basketball player acquire his wealth? Read on to find out more about Allen Iverson Net Worth and his career.

Allen Iverson Early Life

He is a retired American professional basketball player. Allen Iverson briefly attended Georgetown University before being drafted by the Philadelphia 76ers in 1996. 

Iverson grew up in the projects of Hampton, where drugs and crime were the social norms. In his early childhood years, he was loved by the neighborhood kids and was given the nickname ‘Bubba Chuck’. 

His childhood friend, Jaime Rogers, said that Iverson would always look out for the younger kids and that ‘He could teach anybody’. When Iverson was 13, his father figure in his life, Michael Freeman, was arrested in front of him for dealing drugs.

Allen Iverson Career

Allen Ezail Iverson was born on 7th of June, 1975 in Hampton, Virginia. He later went on to become an 11-time NBA all star and one of the greatest point guards of all time. He was a controversial player both on and off the court. 

He was recruited straight from a Virginia jail cell by Georgetown University head coach John Thompson. Iverson had was arrested for his involvement in a bar fight and faced a lengthy prison term. 

At the end of Iverson’s career, he had been largely shunned by American NBA teams and was forced to lace up for the Turkish Basketball League and the Eurocup. 

From 1998 to 2005 during his NBA career, he was the top scorer four times and holds the record for 2nd highest per game scoring average behind Michael Jordan.

Allen Iverson Net Worth

As of today, Allen Iverson Net Worth is $1 Million. Allen Iverson Net Worth is amassed from his career as a basketball player. 

He gave friends and family, especially his mother cars, jewelry, houses and expensive vacations. Iverson’s recent financial troubles occurred after a judge ordered him to pay $900,000 to a Georgia jeweler but apparently the former super star does not have the funds to cut the check.

A judge in Georgia ordered the seizure of all of Allen Iverson’s bank accounts on February 14th, 2012 in the wake of the former superstars claims that he was flat broke. 

This was a shocking revelation considering that during his playing years Iverson earned nearly $155 million in NBA salary alone. And that figure does not even include the amount of money Allen brought home through endorsement and merchandising deals which is estimated to be an additional $60+ million.

Iverson told a judge in Georgia in a December 2012 court filing that his monthly income was $62,500 but his expenses were $360,000 which roughly $125k went to paying back different creditors and another a large chunk goes to mortgages. 

He told the judge that he was still spending $10,000 a month on clothes, $10,000 a month on restaurants/entertainment and an additional $10,000 on groceries.

Iverson signed an endorsement deal with Reebok in 2001 and agreed to paying $800,000 a year for life, Reebok set aside $32 million in a trust fund that Iverson won’t have access to until he turns 55 in the year 2030. 

However, this deal came to light when Allen’s ex-wife filed for divorce which led to Allen Iverson to inherit half the trust fund in 2030.

Allen Iverson Career Earnings and Salary:

1996-97 Philadelphia 76ers $2.2 million

1997-98 Philadelphia 76ers $3.1 million

1998-99 Philadelphia 76ers $3.5 million

1999-00 Philadelphia 76ers $9 million

2000-01 Philadelphia 76ers $10.1 million

2001-02 Philadelphia 76ers $11.25 million

2002-03 Philadelphia 76ers $12.3 million

2003-04 Philadelphia 76ers $13.5 million

2004-05 Philadelphia 76ers $14.6 million

2005-06 Philadelphia 76ers $16.4 million

2006-07 Denver Nuggets NBA $17.1 million

2007-08 Denver Nuggets NBA $19 million

2008-09 Detroit Pistons NBA $20.8 million

2009-10 Philadelphia 76ers $1.029 million

2009-10 Memphis Grizzlies $161 thousand

Summary: 

Allen Ezail Iverson is an American professional basketball player. He was a controversial player both on and off the court. 

From 1998 to 2005 during his NBA career, he was the top scorer four times and holds the record for 2nd highest per game scoring average behind Michael Jordan.

As of 2020, Allen Iverson’s net worth is $1 Million.