Allen Iverson a famous former professional basketballer who spent 14 years in the court as a shooting guard and a point guard. The former NBA star who was rated the fifth greatest shooting guard of all time has become famous especially on off-court life matters. Financial problems have rendered him a subject of discussion considering his net worth figure today is a far cry from what it used to be. Here are the rise and fall of Allen Iverson’s net worth figures in 2018.
Allen Iverson Early Life
Born in 1975 Allen Ezail Iverson to Allen Broughton and Ann Iverson he hails from the state of Virginia.
He joined Bethel High School where he led the school team to Virginia state championships. He was arrested imprisoned for 15 years though he served only five where he attended Richard Milburn High School. After high school, he received a scholarship from Georgetown University where he joined.
Iverson had once married Tawanna, a high school girlfriend and it’s rumored he threw her out of the house. He has five children with his wife who filed for divorce and child support in 2010.
Allen Iverson Career
Allen Iverson career started getting some direction after he became Big East Rookie of the Year and First Team All-America after leading the Georgetown University team to the Big East championship.
After the college career at Georgetown University which lasted for two seasons Iverson was drafted in the 1996 NBA draft by Philadelphia 76ers.here he helped the team improve as it had 18-64 records and by the time he left he had taken Philadelphia 76ers to the 2001 NBA finals where they were defeated by Los Angeles Lakers 4-1. He left the team in 2006 with a record of the highest scoring average in Philadelphia 76ers history 28.1.
In 2007 NBA draft Allen Iverson was drafted by Denver Nuggets where he stayed for two years before joining Detroit Pistons where he stayed for one year. In 2009 he signed a one-year contract with Memphis Grizzlies before returning to Philadelphia 76ers in 2009 to 2010.
After playing for Besiktas in 2010-2011, he retired from basketball in 2013.
Awards & Achievements
Allen Iverson was a great player, and in his 14 years career, he said goodbye with 24,368 points and 26.7 ppg. Some of the awards and accomplishments he achieved are Hall of Famer Class of 2016 – Individual, NBA Most Valuable Player – 2001, Four-time NBA scoring champion, 11-time NBA All-Star, Two-time NBA All-Star Game MVP, 7-time All-NBA, Three-time NBA steals leader and NBA Rookie of the Year 1997.
Net Worth of Allen Iverson
Allen Iverson net worth amounts to $1 million. Some people are peddling rumors that he is broke and he has pondered all the $150 million career earnings. But we acknowledge the man has been spending and spending extravagantly with friends and mother. He bought expensive cars, houses; jewelry went for very expensive vacations, expensive entertainment and everything money can buy.
Currently, he receives $1 million every year from a lifetime deal with Reebok worth $50 million though they set up a trust fund for him worth $32 million which he is entitled to have when he turns 55 years. Don’t forget when he turns 45 he will get a pension of $1.4 million, and a monthly allowance of $8000.so the question of Allen Iverson bankruptcy should be treated as rumors and his net worth which no one exactly really knows where it stands should be $1 million.
Allen Iverson story of a man whose net worth was once $30 million and who once earned $150 million and today what his accounts read is a fraction of what he used to have, should serve as a lesson to those who don’t invest their money well. Investments are really important to secure your life when that day comes and you’re unable to work anymore.