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Allen Iverson Networth

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Facts of Allen Iverson

Full NameAllen Iverson
First NameAllen
Last NameIverson
ProfessionBasket ball player
NationalityAmerican
EthnicityBlack
Birth CityHampton, Virginia
Birth CountryUnited States
Gender IdentityMale
HoroscopeGemini
Marital StatusDivorced
SpouseTawanna Turner (2001-2013)
No Of Children5
SibilingsMister Allen Iverson, Iiesha Iverson, Brandy Iverson
FilmographyLike Mike,1 Love,The Game: Vol. 1,NBA: Lights Out!,Fat Joe: Follow the Don
EducationGeorgetown University
Height183 cm
Twitter Profile
Insta Profile
Date of BirthJune 7,1975
Age44 years
Networth
Year2019
Amount$1 million
Currencyusd

The All-star game MVP awardee and the professional basketball player Allen Iverson has a net worth of $1 million as of March 2019. It may sound quite unusual considering the fact that his overall earning from NBA career alone is over $200 million. Well, this is because he saw an exponential fall in his wealth because of his extravagant spending habits.

Besides, the NBA all-star was one of the most celebrated players of his time. His exponential rise in the industry as well as his plummet in terms of his financial status make him one of the most interesting celebrities in the world. Let's find out about his financial stature at present.   

Allen Iverson Net Worth Details, Salary, And Income Sources

Allen Iverson is currently estimated to have the net worth of only $1 million, several verified sources claim. 

He mainly earned as a professional basketball player before retirement. Now he mostly earns from the endorsement deals and partnership.  

Allen Iverson Net Worth Details, Salary And Income Sources
Allen Iverson Net Worth Details, Salary And Income Sources

According to a verified source PayScale, an average salary of a basketball player in the United States is estimated to be around $85 thousand. As a matter of fact, the actual salary typically ranges in between $60 thousand to $108 thousand.

The retired basketball player earned quite a lot of money throughout his career. Allen Iverson’s net worth and salaries details throughout the years from 1996 to 2010 are listed below:

Net Worth 1996

  1. Notable Events: Contract with Philadelphia 76rs ($8,900,000), Salary from Philadelphia 76ers ($2,200,000)
  2. Earnings: $11.1 Million

Net Worth 1997

  1. Notable Events: Salary from Philadelphia 76ers ($3,100,000)
  2. Earnings: $3.1 Million

Net Worth 1998

  1. Notable Events: Salary from Philadelphia 76ers ($3,500,000)
  2. Earnings: $3.5 Million

Net Worth 1999

  1. Notable Events: Salary from Philadelphia 76ers ($9,000,000), Extended contract with Philadelphia 76ers ($70,800,000)
  2. Earnings: $79.8 Million

Net Worth 2000

  1. Notable Events: Salary from Philadelphia 76ers ($10,100,000)
  2. Earnings: $10.1 Million

Net Worth 2001

  1. Notable Events: Salary from Philadelphia 76ers ($11,250,000)
  2. Earnings: $11.25 Million

Net Worth 2002

  1. Notable Events: Salary from Philadelphia 76ers ($12,375,000)
  2. Earnings: $12.375 Million

Net Worth 2003

  1. Notable Events: Salary from Philadelphia 76ers ($13,500,000)
  2. Earnings: $13.5 Million

Net Worth 2004

  1. Notable Events: Salary from Philadelphia 76ers ($14,600,000)
  2. Earnings: $14.6 Million

Net Worth 2005

  1. Notable Events: Salary from Philadelphia 76ers ($16,450,000), Finished contract with Philadelphia 76ers ($73,400,000)
  2. Earnings: $89.85 Million

Net Worth 2006

  1. Notable Events: Salary from Denver Nuggets ($17,100,000)
  2. Earnings: $17.1 Million

Net Worth 2007

  1. Notable Events: Salary from Denver Nuggets ($17,100,000)
  2. Earnings: $17.1 Million

Net Worth 2008

  1. Notable Events: Contract and Salary from Detroit Pistons ($20,840,000)
  2. Earnings: $20.84 Million

Net Worth 2009

  1. Notable Events: Contract with Philadelphia 76ers ($1,000,000), Contract with Memphis Grizzlies ($3,000,000), Salary from Philadelphia 76ers ($1,020,000), Salary from Memphis Grizzlies ($3,000,000)
  2. Earnings: $5.457 Million

Net Worth 2010

  1. Notable Events: Value of the 2 years contract with a Turkish Basketball League team, Beşiktaş ($4,000,000)
  2. Earnings: $4 Million

Net Worth 2012

  1. Notable Events: Contract of lifetime endorsement with Reebok ($50,840,000)
  2. Earnings: $50 Million

Net Worth 2013

  1. Notable Events: Income from endorsement deals ($62,500), Pension from National Basketball Association available until 2021 ($1,400,000), Value of Iverson's trust fund available until 2030 ($32,000,000)
  2. Earnings: $34 Million

As of 2019, the former basketball player has around $1 million as his net worth. After he retired on 30 October 2013, he signed as a coach, player, and captain on 3’s Company from which he surely packed some money to boost his net worth.

Earning from NBA is over $200 million 

Over his 14 years long career and estimated earnings from the 14 seasons he played, Allen earned from around $150 million to $250 million. 

Apart from the professional sports career he still earns from the brand endorsement deals and NBA pension to be around $8,000.

Moreover, an online source estimates that the American coach cum player earns in between $11,745 to $19,575 per post from Instagram.

Once when he was filed for the case by the Georgian jewel in 2012, Iverson told the judge that his monthly income is only $62,500.

A source informed that his bank account had a sum of $32 million at the age of 55. 

Allen Iverson Expenses, Assets, And Properties: House And Cars

Iverson is living a lavish life in his Lakefront house worth $2.6 million. The estate features six bedrooms, six bathrooms, a safe room, an oversized wine cellar, and a home theatre.

Allen Iverson Expenses, Assets, And Properties: House And Cars
Allen Iverson Expenses, Assets, And Properties: House And Cars

Furthermore, Iverson also purchased 10,445 sq. ft. house consisting of six bedrooms and six bathrooms house in Denver, Colorado. The house cost him $3.875 million, and later, reported that it has been sold for about $2.85 million. Another mansion in Villanova, Philadelphia was sold in 2010.

Similarly, in Buell Mansion subdivision, Cherry Hills, Colorado, he bought a 6,848 square foot residence, having 6 bedrooms and 9 bathrooms.

Moreover, he also owns sports car including Bentley GT ($700,000), Hummer H1 Alpha HX ($129,399) and Cadillac Escalade ($94,000).

Iverson is Reportedly Broke at Present

While many people are known for their fame and fortune, the Hall of Famer is also known for his wealth. Not for earning it but for losing and spending it. Way back when he had staggering net worth he allegedly traveled much and showered friends and family with cars, jewellery, houses, and expensive vacation packages.

Many people say that his bankruptcy was very much due to his endless spending habit. You surely would search for your car if you forget the place where you parked but not in the case of Iverson. Once when he went to the airport, he forgot where he parked his car so apparently, he ditched the car and bought a brand new one. 

Allen’s financial situation downgraded and a situation came to light in 2012 where he had to pay $900,000 to Georgian jeweller. The jeweller filed a case when Allen was not able to pay him back. For the settlement of the case, he had to list his expense.  

  1. $125,000 paying back various creditors and mortgages
  2. $10,000 on clothes
  3. $10,000 on restaurants/entertainment
  4. $10,000 on groceries

Well, you think there’s not much to spend on? Then think again, the retired basketball player also has done the health insurance and pays premium monthly.

Allen Iverson Personal Details

Allen Iverson was born on 7 June 1975 in Hampton, Virginia. He was married to Tawanna Turner on 3 August 2001. 

The pair dated for ten years before marrying. The couple has five children; Tiaura Iverson, Allen Iverson II, Isaiah Rahsaan Iverson, Dream Alijha Iverson, and Messiah Lauren Iverson.

Previously he was in the relationship with DJ Lisa Natson, Shawntae Harris, Carmen Bryan, and Foxy Brown.

Updated On Mon Nov 11 2019 Published On Thu Mar 14 2019 By Binish Tamang

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