Allen Iverson Net Worth: Fun facts, Income, House, Cars, Age, height, Biography

Allen Iverson Net Worth:$1 Million

Net Worth:$1 Million
Date of Birth:Jun 7, 1975
Age:46 years old
Height:6 ft (1.83 m)
Profession:Basketball player, Rapper, Athlete
Nationality:United States of America
(Photo by Kirby Lee/Getty Images)

Allen Iverson net worth: Allen Iverson has a net worth of $1 million dollars. After a wealth of more than $200 million from salary and endorsements during his career, overspending, a divorce, and general life challenges have had a severe impact on Allen’s finances.

Allen Iverson Salary:

During his NBA career, he was the top scorer 4 times between 1998 and 2005 and holds the record for 2nd highest per game scoring average behind Michael Jordan.

  • 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

Total Career Earnings: $155 million

Allen Iverson Biography:

Allen Iverson was born on June 7, 1975, in Hampton, Virginia to a 15-year-old single mother, Ann Iverson. His father, Allen Broughton, left the family when he was young. Allen grew up in the projects of Hampton surrounded by drugs and crime in the background.

Nаmе:Аllеn Іvеrѕоn
Rеаl Nаme:Аllеn Еzаіl Іvеrѕоn
Аgе:46 уеаrѕ оld
Віrth Dаtе:7 Јunе 1975
Віrth Рlасе:Наmрtоn, Vіrgіnіа, Unіtеd Ѕtаtеѕ
Неіght:1.83 m
Wеіght:75 kg
Ѕехuаl Оrіеntаtіоn:Ѕtrаіght
Маrіtаl Ѕtаtuѕ:Dіvоrсеd
Wіfе/Ѕроuѕе (Nаmе):Таwаnnа Тurnеr (m. 2001–2013)
Сhіldrеn:Yеѕ (Тіаurа Іvеrѕоn, Іѕаіаh Rаhѕааn Іvеrѕоn, Меѕѕіаh Lаurеn Іvеrѕоn, Drеаm Аlіјhа Іvеrѕоn, Аllеn Іvеrѕоn ІІ)
Рrоfеѕѕіоn:Аmеrісаn fоrmеr рrоfеѕѕіоnаl bаѕkеtbаll рlауеr
Nеt Wоrth іn 2022:$2 mіllіоn
Lаѕt Uрdаtеd:2022
(Photo by Streeter Lecka/Getty Images)

He was beloved by the neighborhood kids and childhood friends often described him as looking out for the younger kids. Iverson attended Bethel High School and started as the quarterback for the football team. Iverson also played for the basketball team.

Allen Iverson Basketball Career: 

Allen briefly attended Georgetown University before being drafted by the Philadelphia 76ers in 1996. He eventually went on to become an 11-time NBA all-star and one of the greatest point guards of all time.

Iverson was a controversial player both on and off the court. He was originally recruited straight from a Virginia jail cell by Georgetown University head coach John Thompson.

Iverson had been arrested for his involvement in a bar fight and faced a lengthy prison term. Thompson intervened and was able to convince a judge to release Allen into his custody with the agreement that Iverson would attend Georgetown, play basketball, and graduate.

Iverson left Georgetown early against Thompson’s wishes and began a very successful career as an all-star NBA point guard. In 1999, Iverson earned his first trip to the Playoffs with the 76ers. He started in all ten playoff games before ultimately losing to the Indian Pacers in the second round.

Before the next season began, Allen signed a six-year, $70 million contract extension. In the 2000 offseason, the 76ers tried to trade Iverson after his numerous arguments with coach Larry Brown, however, the deal fell through. In 2001, Iverson led the team to the finals. That same year he was named Most Valuable Player.

Allen played with the team for 10 years before being traded to the Denver Nuggets, where he played for two years. He then did brief stints with the Detroit Pistons and the Memphis Grizzlies before returning to the 76ers for one year.

Towards the end of his career, Iverson had been largely shunned by American NBA teams and was forced to lace up for the Turkish Basketball League and the Eurocup. He retired from basketball altogether in 2013.

National Team Career: 

Iverson traveled to Japan in 1995 as a member of the USA World University Games Team. The team also included Ray Allen and Tim Duncan. He led the USA team in scoring, steals, and assists. He helped the team achieve an undefeated record over the host country of Japan and won the gold medal.

In 2003, he was selected to be part of Team USA for the 2003 FIBA Americas Olympic Qualifying tournament in Puerto Rico. They won the gold medal and enjoyed a perfect 10-0 record. The team qualified for a berth in the 2004 Olympics. Allen started in each of the eight games he played in. On August 25, the USA scored an Olympic-qualifying 111-71 victory over Canada.

At the end of the tournament, Allen ranked overall tied for 10th in scoring, fourth in steals, seventh in assists, and ninth in field goal percentage. Unfortunately, Iverson missed the USA’s final two games due to a sprained thumb. He was named to the 2003 USA Senior National Team on April 29, 2003.

Is Allen Iverson Broke?

 On February 14th, 2012, a judge in Georgia ordered the seizure of all of Allen Iverson’s bank accounts in the wake of the former superstar’s claims that he was flat broke. This was a shocking considering Iverson earned nearly $155 million in NBA salary alone. This figure does not even include the amount of money Allen earned by endorsement and merchandising deals which is estimated to be $60+ million.

Iverson’s allegedly traveled with an entourage of as many as 50 people at times. He showered friends and family, especially his mother, with cars, jewelry, houses, and expensive vacations.

Allen’s most recent financial troubles occurred after a judge ordered him to pay $900,000 to a Georgia jeweler but apparently the former superstar does not have the funds to cut the check.

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

Iverson also reported to 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.

Reebok Trust Fund:

 In 2001, Allen signed a very unique endorsement deal with Reebok. After paying $800,000 a year for life, Reebok kept aside $32 million in a trust fund that Allen will not be able to access until he turns 55 in the year 2030. This deal came to light when Allen’s ex-wife filed for divorce. As a result of the divorce, Allen will inherit half the trust fund in 2030.

Legal Troubles: Iverson was arrested for carrying a concealed weapon and possession of marijuana in 1997. In 2002, he and his then-wife Tawanna had a domestic dispute. He threw her out of the house and then threatened two men with a gun while he was out looking for her. He pleaded no contest and did community service.

In 2006, Iverson’s bodyguard was accused of assaulting a man at a night club on behalf of Iverson’s entourage. The man suffered a concussion, ruptured eardrum, a torn rotator cuff, among many other injuries and emotional trauma. He sued Iverson and was awarded $260,000. Related, an Ohio man sued Iverson for $2.5 million in damages after a bar fight with Iverson’s security guard in Detroit in 2009.

In addition, In 2013, Iverson was accused by his ex-wife of kidnapping his own children. She later dropped the accusation.

Allen Iverson Personal Life: 

Allen Iverson started dating high school sweetheart Tawanna Turner . They were married at The Mansion on Main Street in Voorhees, New Jersey. The couple has five children. Tawanna filed for divorce in March 2010. The divorce was finalized in 2013, but the couple got back together just one month after they finalized their divorce.

In 2000, Iverson recorded a single under the moniker Jewelz called “40 Bars.” He was not able to release it due to controversial lyrics involving derogatory remarks about homosexuals. He agreed to change the lyrics but never released the album.