Allen Iverson Net Worth

How much is Allen Iverson worth?

-$1 Million

Allen Iverson was born in Virginia and has an estimated net worth of -$1 million dollars. Allen Iverson is a basketball player who was originally drafted by the Philadelphia 76ers in 1996 and went on to become an 11 time NBA all star. 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 was arrested for his involvement in a bar fight and faced a lengthy prison term but Thompson 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 his Thompson's wishes and began a very successful career as an all star NBA point guard. 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. During his NBA career, he was the top scorerfour times between 1998 and 2005 and holds the record for 2nd highest per game scoring average behind Michael Jordan.

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 superstars claims that he was flat broke. This is a shocking revelation considering that during his playing years Iverson earned nearly $155 million in salary. And that figure does not even include the amount of money Allen brought home through endorsement and merchandising deals which is estimated to be an additional $30 – $40 million. Iverson's financial troubles are an unfortunately familiar story for many professional athletes. He 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 super star does not have the funds to cut the check.

In a December 2012 court filing, Iverson told a judge in Georgia that his monthly income is $62,500 but his expenses are $360,000! Of that $360k, $125k goes to paying back various creditors and another a large chunk goes to mortgages. Iverson also admitted to the judge that he is still spending $10,000 a month on clothes, $10,000 a month on restaurants/entertainment and an additional $10,000 on groceries. What is that guy eating??!!

Allen Iverson is still trying to get picked up by an NBA team like the LA Lakers or the Detroit Pistons but his more realistic options might be on an international team in Turkey, Puerto Rico or Venezuela.

Allen Iverson Career Earnings and Salary:

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 Broke

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Brian Warner

Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.

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