Allen Iverson is a retired American basketball player who is considered one of the greatest point guards of all time. He played 14 seasons in the NBA, mostly for the Philadelphia 76ers, and earned over $200 million from salary and endorsements. However, his current net worth is estimated at only $1 million.
In this article, we will explore Allen Iverson’s biography, net worth, income sources, and social media presence. We will also answer some frequently asked questions about his life and career.
Allen Iverson Biography
| Name | Allen Ezail Iverson |
|---|---|
| Birth day | June 7, 1975 |
| Birth place | Hampton, Virginia, USA |
| Age | 48 years old |
| Birth sign | Gemini |
| Nationality | American |
| Mother | Ann Iverson |
| Father | Allen Broughton |
| Spouse | Tawanna Turner (divorced) |
| Siblings | Brandy, Iiesha, Mister, and Broderick |
| College | Georgetown University |
Allen Iverson Net Worth
Allen Iverson’s net worth is estimated at $1 million as of 2023. This is a drastic decline from his peak earnings when he was one of the highest-paid players in the NBA. According to Celebrity Net Worth, Iverson earned more than $154 million from his NBA contracts alone, not including his lucrative endorsement deals with companies like Reebok, Nike, Coca-Cola, and others.
However, Iverson also had a reputation for spending lavishly on himself, his family, and his entourage. He reportedly spent millions on jewelry, cars, houses, clothes, and parties. He also had a costly divorce from his wife Tawanna Turner in 2013, who received a large portion of his assets and future earnings. Additionally, Iverson had problems with alcohol and gambling that affected his finances and his career.
One of the interesting stories about Iverson’s net worth is that he has a trust fund set up by Reebok that will pay him $32 million when he turns 55 years old in 2030. This is part of a lifetime deal that he signed with Reebok in 2001 that pays him $800,000 annually. However, he will have to split this money with his ex-wife as per their divorce settlement.
About Allen Iverson
Allen Iverson grew up in a poor and troubled neighborhood in Hampton, Virginia. He was a gifted athlete who excelled in both football and basketball. He led his high school teams to state championships in both sports. However, he also faced legal troubles when he was involved in a brawl at a bowling alley that resulted in his arrest and conviction. He was granted clemency by the governor of Virginia and released to the custody of John Thompson, the head coach of Georgetown University’s basketball team.
At Georgetown, Iverson became a star player who averaged 23 points per game and won the Big East Rookie of the Year and Defensive Player of the Year awards. He also led the Hoyas to two NCAA tournament appearances. He decided to enter the NBA draft after his sophomore year and was selected as the first overall pick by the Philadelphia 76ers in 1996.
Some of Iverson’s achievements in the NBA are:
- He won the Rookie of the Year award in 1997
- He was an 11-time All-Star and a four-time scoring champion
- Iverson won the MVP award in 2001 and led the 76ers to the NBA Finals
- He was named to the All-NBA First Team three times and the All-NBA Second Team three times
- He was a three-time steals leader and a member of the NBA All-Defensive Second Team twice
- Iverson scored 24,368 points in his career, ranking him 25th on the all-time list
- He was inducted into the Basketball Hall of Fame in 2016
Allen Iverson Social Media
Allen Iverson is active on social media platforms such as Instagram, Twitter, and Facebook. Here are some of his handles:
- Instagram: @theofficialai3
- Twitter: [@alleniverson]
- Facebook: [@alleniverson]
Stay tuned with The iBulletin for more updates!
FAQs about Allen Iverson
How much is Allen Iverson worth?
Allen Iverson’s net worth is estimated at $1 million as of 2023.
How did Allen Iverson lose his money?
Allen Iverson lost most of his money due to his extravagant lifestyle, his divorce from his wife Tawanna Turner, and his issues with alcohol and gambling.
How much money will Allen Iverson get from Reebok in 2030?
Allen Iverson will receive $32 million from Reebok in 2030 as part of a trust fund that was established in 2001. However, he will have to share this money with his ex-wife.
Is Allen Iverson in the Hall of Fame?
Yes, Allen Iverson was inducted into the Basketball Hall of Fame in 2016.