Allen Iverson Net Worth [2021 Update]
The former American Basketball player Allen Iverson has a net worth of $1 million.
On June 7th, 1975, Allen was born to Allen Broughton (father) & Ann Iverson (mother).
He was the most respected player among his peers. In addition, Allen is considered the most influential player of all time.
Above all, he had completed 14 seasons in NBA at shooting guard and point guard positions.
Following his two impressive seasons at the university level, he decided to declare for the NBA draft in 1996. Luckily, he was picked by the Philadelphia 76ers and played 11 seasons for them.
Therefore, for his excellent contribution, Allen was inducted into the Naismith Basketball hall of fame in 2016.
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Quick Facts about Allen Iverson
|Full Name||Allen Ezail Iverson|
|Nickname||The Answer, Ivy, AI, The Third Degree|
|Age||47 Years old|
|Date of birth||June 7, 1975|
|Place of birth||Hampton, Virginia, United States|
|Profession||Former Basketball Player|
|Height||183 cm, 6 ft|
|Weight||165 lbs, 75 kg|
|Eye color||Dark Brown|
|Social Media||Instagram, Facebook, Twitter|
|Siblings||Mister Allen Iverson, Iiesha Iverson, Brandy Iverson|
|Children||Allen Iverson II, Tiaura Iverson, Isaiah Rahsaan Iverson, Dream Alijha Iverson, Messiah Luren Iverson|
|Ex-Wife||Tawanna Turner (2001-2010)|
|Education||Bethel High School, Georgetown University|
|Teams||Philadelphia 76ers, Denver Nuggets, Detroit Pistons, Memphis Grizzlies, Beşiktaş|
|Shirt Number||3 (Philadelphia 76ers, Denver Nuggets, Memphis Grizzlies)
1 (Detroit Pistons)
|Playing Position||Point Guard, Shooting Guard, Combo Guard|
|Awards||NBA Most Valuable Player Award (2001), NBA All-Rookie Team (1997), NBA Rookie of the Year(1997), All-NBA Team (1999, 2001, 2005), NBA All-Star Game Kobe Bryant MVP Award(2001, 2005)|
|Merch||Rookie Card, Gifts, Books, Bobblehead, Signature Autographed Jersey|
|Current Status||Coach (from 2019)|
|Net Worth||$1 million|
|Last Updated||March, 2023|
Allen Iverson Net Worth and Income
He has earned a good reputation in the Basketball field. Although he has earned a lot of money throughout his NBA career, his current net worth is $1 million.
Despite making bulk money from basketball, he lost a lot of money because of his spending habits.
Specifically, he made the most portion of his earnings with the Philadelphia 76ers.
Being the Rookie in 1996, he earned around $2 million in salary for the specific year.
Later, he earned much better, and the figure rose to $16 million till the 2005-2006 season. Likewise, his stint with Denver and Detroit has earned him around $2 million as a salary.
Sadly, his contract with Pistons did not go well, and he returned to his first club for $1 million. Nonetheless, he then shifted midway to the Grizzlies and guaranteed the salary of $ 1,60,000.
However, he had to leave the Grizzlies early because of his daughter’s ill health.
Throughout his career, he roughly earned around $150 million.
Meanwhile, he has earned around $98 million with the 76ers. His first deal with the 76ers was worth $70.9 million, and the second contract extension was worth $73.5 million.
Similarly, he signed a contract with Memphis for around $3 million.
Besides salaries, he earned a hefty amount through endorsement deals. However, the figures of endorsement deals are not disclosed, but we can understand that deals were worth millions.
Allen Iverson Cars, Houses, and Watches
Though he had many houses during his career-high time, he later sold them because of his habit of spending money.
Currently, he owns a mansion in Georgia that cost him $2.19 million back in 2006.
The house boasts seven bedrooms, 7.5 bathrooms along with a formal dining room, spacious kitchen, pool area, workout room, media room, and entertainment space with bar.
The house has a European aesthetic look that is visible in its decor and fixtures.
Unfortunately, Allen has kept this house in sale for $1.14 million.
Allen had a fleet of the car into his collection in the past.
He owned a Bentley GT that costs around $200,000 as of 2021.
The car boasts a V8 turbo engine that can accelerate 0-60 mph in just 3.9 seconds. Moreover, the car can reach a maximum speed of up to 207 mph.
Likewise, he owned an SUV Hummer H1 Alpha HX that costs around $300,000.
Also, he owned a Cadillac Escalade that costs around $100,000 as of 2021.
The car has a V8 engine that can accelerate 0-60 mph in just 5.9 seconds. However, he has lost most of the cars that he owned.
The former NBA star Allen is wearing the Patek Phillipe Nautilus Chronograph that costs around $165,000.
This watch is made of stainless steel with 35 carats of VS quality round cut diamonds.
Likewise, He owned a Rolex Day-Date in 18K yellow gold that costs around $60,000.
The watch is made of 18-carat gold with Roman numerals and a presidential bracelet along with VS1 diamonds.
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Allen Iverson Lifestyle and Vacation
Iverson earned around $2oo million throughout his career. So it’s obvious that he has lived a very lavish life.
He had a wide range of cars in his collection. Moreover, he owned many houses that are worth millions.
Interestingly, he was an unbelievable crowd-puller for his athletic heroics and controversies. Nonetheless, we can say that he used to spend a lot on whatever he desires.
Despite earning so much, he falls apart financially in the latter time of his career. He left financially broken due to general life challenges, overspending, and divorce.
Allen is full of life, likes to go on vacations, and enjoys the fullest.
In 2014, he went on vacation to Hawaii with his wife and children. Here, Allen and his family have spent a wonderful time on the beautiful beach of Hawaii.
Allen Iverson’s Charity
The NBA star Allen and his former NBA teammates hosted “The All In Basketball Game” to raise funds for the homeless people in the country.
Likewise, he offered to train basketball skills to street children from Asia and America as a part of the volunteer work.
In addition, he founded a non-profit organization called The Crossover Foundation along with his personal manager Gary Moore back in 2000.
Specifically, he wanted to give back and stay connected to children and the community through this initiative.
Allen Iverson’s Media, Endorsements, Investments, and Book Publications
He has appeared in many television shows and has expressed his feelings, shared success stories, failure, and much more.
During his recent appearance on the ‘ All The Smoke’ podcast, he fired at an unknown Tv personality, saying, “the way you hate me, I hate you too…”
Meanwhile, he played a cameo in the movie Another shot, directed by Larry Yang.
Moreover, he had played in TV documentaries like A football life(2016), Rome is burning, NB 90’s, Mike & Mike, and many more.
Allen had some huge endorsement deals with many brands.
Among all, the most notable deal was with Reebok. The American apparel company made a contract deal with Iverson for a 10-year worth $50 million.
Moreover, Reebok gave a lifetime deal once he won the MVP in 2001-2002.
Interestingly, the deal includes Iverson paying $800,000 a year. Further, it includes a $32 million trust fund that Allen can access when he turns 55.
Likewise, his other notable endorsements deal include IO Moonwalkers, Packer Shoes, and T-Mobile.
He owned million-dollar mansions, expensive jewelry, designer cloth, and a fleet of supercars. Basically, he made horrible financial decisions, and no one held him accountable.
As a result of that, he went out of control when it comes to unnecessary expenses.
Hence, he could not make wise investments that could have given him a secured future.
Conclusively, we can say that he has no such investment to give him any returns except Reebok’s $32 million life trust fund.
As expected, there are several biographies published in the name of NBA superstar Allen Iverson.
Meanwhile, A book called AI (The Iverson Book) is written by Gary Land.
Here, this book is about the inspiring story of one of basketball’s greatest shooting guards.
Moreover, it gives the insights of players to become very successful to the top level.
Apart from that, Book highlights the success and struggle of a great NBA player.
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Allen Iverson’s Career
The NBA superstar journey in the making for Allen Iverson started from his university days.
He joined the Georgetown University in 1994. Here, he got into All-Rookie Tournament First Team and grabbed the Big East Rookie of the year.
Likewise, in his second season, he was the all-time best average scorer with 22.9 PPM.
Though, the professional career for Allen started in the year 1996, when he got selected to join the Philadelphia 76ers.
For Philadelphia, he signed a six-year contract worth $70 million before the 1999-2000 season.
Further, 76ers qualified for the playoffs, in which he averaged 26.2 points, 4.8 assists, and 4 rebounds.
In 2001, he played in the 2001 NBA All-star game and was adjudged MVP.
After regularly missing out in big finals, he finally decided to end his 10-year association with the Philadelphia 76ers.
In 2006, he joined Denver Nuggets and played two seasons for them.
Similarly, in 2008, he joined the Detroit Pistons. However, he did not get enough playtime during his stay in Detroit.
After a disappointing season at Detroit, he signed a one-year contract for Memphis Grizzlies. However, his stay at the club could only fetch three games.
Lastly, he ended his NBA carrer by playing for his first club, the 76ers, against Chicago Bulls in 2010.
3 Facts about Allen Iverson
- Despite being known as a star basketball player in NBA, he was once a star football player during his high school days in Virginia. In fact, Allen won High School player of the year for football.
- Though he never won the bigger prize in Basketball, he has the second-best playoff scoring average in NBA history, right behind Michael Jordan.
- Surprisingly, he is among only three players in NBA history to have a career average of 26 PPG and 6 assists. The other two are Lebron James and Jerry West.
FAQs about Allen Iverson
Were Allen Iverson and Kobe Bryant closest friends?
Though they were the toughest competitors in the court and shared fierce rivalry, both had a good relationship as close friends when it comes off-court.
Did Allen Iverson get MVP?
Yes, Allen has won the most valuable player (MVP) in 2001. In addition, he was included 11 times in NBA all-star and inducted into the Naismith Memorial Basketball hall of fame in 2016.
What is the career-high score for Allen Iverson?
The career-high for Allen is 60 that came against Dwight Howard and the Orlando Magic in 2005. He has 16 shots of 36 and hit 24 free throws.
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