Allen Iverson Net Worth : Basketball Career, Lifestyle & Endorsement

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Retired American professional basketball player Allen Iverson’s current net worth is $1 million.

He played 14 seasons in the NBA, both in the position of shooting guard and point guard.

Nicknamed as “the Answer,” Iverson, who first played for the Philadelphia 76ers, went on to play for Denver Nuggets, Detroit Pistons, the Memphis Grizzles in his 16 years long career.

Allen Iverson (Source: Instagram Profile)

He is an 11 time NBA All-star and was named NBA Rookie of the Year in the 1996-97 season.

Allen led his team to the 2001 NBA finals and was rated the fifth-greatest NBA shooting guard of all times in 2008 by ESPN.

He also went on to represent United Stated at the 2004 Summer Olympics and bagged a bronze medal for the country.

Despite his relatively small stature, his regular-season career scoring average of 26.7 points per game ranks seventh all-time.

Similarly, his playoff career scoring average of 29.7 points per game makes him second only to Michael Jordan.

Quick Facts

Full NameAllen Iverson
Net Worth$1 Million
Birth DateJune 7, 1975
Birth PlaceHampton, Virginia, United States
Nick Namethe Answer
ReligionUnknown
NationalityAmerican
EthnicityAfrican-American
EducationGeorgetown University
HoroscopeGemini
Father’s NameBroughton Iverson
Mother’s NameAnn Iverson
Siblings3 (a brother and two sisters)
Age48
Height6 ft (183 cm)
Weight165 lbs. (75 kg)
Hair StyleCornrow Braids
Eye ColorDark Brown
Sexual OrientationStraight
Marital StatusDivorced
RelationshipTawanna Turner (2001-2013)
Children5 (Dream Alijha Iverson, Messiah Lauren Iverson, Tiaura Iverson, Allen Iverson II, Isaiah Rahsaan Iverson)
ProfessionAmerican Basketball Player
Jersey Number 3
Active SinceJune 1996
EndorsementsReebok, IO Moonwalkers, Packer Shoes, Stance, and T-Mobile.
BuildAthletic
Teams Philadelphia 76ers, Denver Nuggets, Detroit Pistons, and Memphis Grizzlies.
PositionShooting Guard and Point Guard
Major Titles- Team1995 World University Games

2003 FIBAs American Championship

Major Titles- IndividualNBA Most Valuable Player Award

All-NBA Team,

NBA Rookie of the Year Award,

All-Star Game Kobe Bryant Most Valuable Player Award,

NBA All-Rookie Team,

BET Award for Sportsman of the Year

Social Media Facebook, Instagram, Twitter
Merch

Funko Pop! NBA: Legends – Allen Iverson,

Autographed Allen Iverson Philadelphia Black Basketball Jersey, 

J Kobe Bryant and Allen Iverson Poster Picture Painting,

Autographed Allen Iverson Tyronn 16×20 Basketball Photo,

Last UpdateAugust, 2023
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Net Worth & Income

Income

Iverson made a fortune as a basketball player, where he earned around $154.8 million during his career.

A huge chunk of this came from the Philadelphia 76ers, where he made around $98 million.

In the 1999-2000 season, he signed his first deal for six years for $70.9 million.

Later on, the deal was extended for 4 more years at $73.5 million. And finally received $20.8 million in the 2008-09 season, making it the highest deal.

Iverson networthIverson in a tournament (Source: Instagram)

Furthermore, he earned $4,00,000 during his brief stint with Memphis Grizzlies, which was previously supposed to be $3 million before mutually terminating it.

However, returning to Sixers in the middle of the 2009-10 session earned him a little over a million.

The deal was believed to pay him $8,00,000 a year and $32 million in a trust fund that he would gain once he turns 30.

However, half of it is held by his now divorced wife, Tawanna.

Endorsement

This doesn’t end here. Much of his earnings also constituted brand endorsements. Reebok being on the top of the list.

The 10 years deal which was signed between the two, soon after Iverson entered the NBA, was valued at $50 million.

Reebok also went on to give Iverson a deal for a lifetime after Philadelphia 76ers legend won 2000-01 season MVP.

Along with his endorsements with Reebok, his other endorsements include IO Moonwalkers, Packer Shoes, Stance, and T-Mobile.

Net Worth

Despite making a fortune for himself throughout his career, where he amassed more than $200 million from salary and endorsements, his net worth has dropped to a horrifying level because of his careless spending habits.

He has often seen overspending on extravagant vacations and showering his family with expensive gifts.

Adding to this, his personal issues of going through a divorce and general challenges in his personal life led to a serious impact on his finances.

Allen Iverson House & Cars 

House

Iverson once owned a house in the community of Villanova in Pennsylvania, which was bought in 1999.

The Monk Road Gladwyne house measures 14,000 square feet, which consists of six spacious bedrooms, a stream, and an artificial waterfall.

It also has master suite bathrooms with stylish marble floors.

This house has four extra bedrooms plus segregated guest quarters with a kitchenette, living room as well as bedroom.

Along with these features, it also boasts a media area, coffee bars, and verandas overlooking beautiful scenery.

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Originally listed in February, 2013 for $2,899,000, it sold for $2,325,000.

Allen-Iverson-houseAllen Iverson Georgia House (Source: Redfin.com)

He also lost his home in Georgia to foreclosure.

The house, which was designed in European style, was a two-story brick finished house which held seven bedrooms and 7.5 bathrooms across an area of 6,000 square feet.

He had to trade this house for a low price of $725,000, which was around $1 million less than the listed price.

This is not new to Iverson, as he has also lost homes in Atlanta and Denver.

Cars

Allen Iverson’s driveway once looked like a car showroom with his collection of luxurious cars.

He is known for his imprudent spending and did not hesitate in spending rampantly on cars.

In 2007, Iverson owned a Lamborghini.

In 2006 he owned a Hummer H1 Alpha, which according to reports, Iverson had only put less than 3500 miles on it before getting rid of it.

Another GM product that “The Answer” used to own was a Cadillac Escalade as well.

Perhaps, his most famous possession among cars was his marble white Bentley GT that he owned.

Allen Iverson Lifestyles and Vacations

Iverson is known for his nonstop drinking and incessant partying. He showered his entourage with lavish gifts and spent recklessly.

Despite the divorce, he can be seen traveling with his children and ex-wife for vacations to provide a good family base for their children.

Charity

Iverson hosted “The All in Basketball Game” with a host of former NBA Players and Mix Tape stars.

This event hoped to raise funds for the homeless people in the country.

Similarly, he also offered to volunteer his skills in basketball to American and African street children, although not as a player but to debut his abilities in a new role of a coach.

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Allen Iverson Movies & Book Publications

Movies

Allen Iverson has been featured in movies such as Like Mike, Imagine That, Another Shot, NBA: The Foundation, and NBA 2000: Stars for the New Millennium 1997.

Iverson and No Crossover: The Trial of Allen Iverson are two biography documentaries on Allen Iverson.

Iverson documentaryThe documentary: Iverson (Source: IMDb)

The documentary Iverson was directed by Zatella Beatty. It was released in the year 2014, which follows his biography from his childhood to the time he rose to fame as an NBA star.

Similarly, No Crossover: The Trial of Allen Iverson was released in the year 1993, which portrayed how  Iverson, a mere high school boy struggling with poverty, rose to fame.

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Book

Several books have been written on Iverson, who, despite being a controversial figure, is also a star-studded player.

The books written on him include Not a Game, Allen Iverson: The Inspiring Story of One of Basketball’s Greatest Shooting Guards, Allen Iverson: Star Guard, Only the Strong Survive: The Odyssey of Allen Iverson, to name a few.

Lastly, “The Iverson Book” by Gary Land has been compiled with the photographer following Allen on and off the court to collect his life stories and to turn them into a paper.

Career

Iverson was in a sports scholarship studying at Georgetown University when the Philadelphia 76ers selected him for the NBA.

He signed a six-year contract for a sum of $70 million before the 1999-2000 season.

The team he was in, the Philadelphia 76ers, qualified for the playoffs, where he averaged 26.2 points, 4.8 assists, 4 rebounds, and 1.3 steals per game.

Iverson-pistonAI at the peak of his career

In the year 2009, he again signed a contract with the Memphis Grizzlies team for a year, and in the very year, he also returned to play for the Philadelphia 76ers, where he previously had disagreements with the coach Larry Brown.

In his return, he was welcomed back into the team with open arms.

But, around the same time, his daughter was undergoing few issues concerning her health, and he had to leave.

He later announced, stating that he would not return to the team again.

3facts about Allen Iverson

  • Iverson went to Bethel High School in Hampton, Virginia. During his high school time, he was a master in two sports, basketball and football. He also attended the reputed Georgetown University for two years.
  • Allen Iverson, next to the youngest player Rick Barry is the second-youngest player who could create a score of 50 in a game. At that time, he was only 21 years and 310 days.
  • Since AI could master three statically categories of steals, scoring, and minutes during the 2002 season, he was considered a star.

FAQs

Is Allen Iverson broke?

Due to his habit of incessant and reckless spending, he has gone on from earning a total of $155 million in his career to now having a net worth of only $1 million.

Who did Allen Iverson cross over?

Iverson idolized Michael Jordan growing up and reflects on committing the famous crossover against Jordan.

Is Allen Iverson married?

Iverson was married to his high school sweetheart Tawanna Turner in 2001 and got divorced in 2013 after 12 years of marriage. They have five children together.

Categories: Net Worth
Source: ASIA EDU

Madhuri Shetty
Manoj Gadtaula

Manoj Gadtaula is a young Indian man from Mangalore who is constantly on the lookout for new things and loves to explore. Madhuri has a great passion for helping others and motivating people. She researched the careers, biographies, lifestyles, and net worths of celebrities..

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