What is Allen Iverson’s Net Worth and Who are His Wife and Family?

What is Allen Iverson’s net worth?

Regardless of his extravagant and controversial lifestyle, Allen sure did make a mark in the basketball sporting world.

Allen Iverson’s Early Life

Allen Iverson is an African-American retired basketball player who was born on June 7, 1975, in Hampton, Virginia, the United States. Besides being a basketball player, Allen also tried his hands on rapping. Though not as tall as most basketball players (6 ft (1.83 m), Ivy was a force to reckon with in his heydays. He was famous for his fast pace, quick moves and accurate shots which made him one of the best point guards in NBA’s history. Furthermore, he featured in the NBA All-Star team a record 11 times.

Allen became interested in basketball from a young age partly because he grew up in a neighbourhood that not only hosted several courts but has also produced many professional players. Besides taking part in the sport he constantly watched NBA games to learn a thing or two.

He attended Georgetown University where his skills got noticed by the then head coach of the University basketball team, John Thomson. He was drafted by the Philadelphia 76ers. Unlike the usual recruitment where a player is picked from a team, Iverson was recruited from jail where he was serving a long jail term for fighting in a bar.

“The Answer” as he was popularly known in the court has always been very controversial. Other than being recruited right from jail, he also took a break from normal studies in order to pursue a full-time professional career. The agreement with the court/judge was that his head coach, John Thomson was liable for Iverson and was to ensure that he not only played basketball in Georgetown but also graduated. But it wasn’t long before Ivy left the university prior to graduation to pursue his career. Joining the Philadelphia 76ers certainly gave Allen Iverson’s net worth a boost as he became one of the most dependable players. The Iverson era had begun.

His Net Worth And Money Problems

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Despite having earned over $150 million in his career days, Allen is presently worth $1 million.

Discussions surrounding Allen Iverson’s net worth and his money-management skills have been quite rife lately. Once a darling of the basketball world, Iverson has been used as an example of what extravagant living, high-class lifestyle, and having lots of wealth is. In fact, this has led to the NBA considering following the example set by NHL where players are encouraged to seek money management services from selected and verified money managers. This is to enable their players to live comfortably even after retiring from playing professional basketball. This is certainly a worthy move considering that approximately 60% of NBA players go broke within the first 5 years of retirement.

Unfortunately, his career was certainly over by the time he was heading to the Memphis Grizzlies (2009-2010). His poor performance, controversial lifestyle and of course stiff competition from upcoming basketball players made it harder for Allen E to secure a first-team position. There was more talk about how he wasted money on life’s little luxuries, bankruptcy cases, and seizure of property. At one point, a judge ordered Ivy to pay a debt of about $900, 000 he owed a jeweller. But, he didn’t have the funds.

Allen tried to restore his former glory but all efforts turned futile. He officially retired in 2013. Life can certainly be hard for a person who once lived lavishly to have to stick to a budget to avoid going broke. However, all is not lost for Allen Iverson. A deal he made with Reebok many years ago will continue to pay him $1 million annually and a lump sum of $32 million when he turns 55 (2030).

Looking at Allen Iverson’s net worth of $1 million, one can only wish he invested his money more wisely. But, hey, 2030 isn’t far, right?

A Breakdown of His NBA Career Salary 

Most of his basketball career was spent at Philadelphia 76ers. However, he, later on, switched teams and started playing for Denver Nugget from 2006 to 2008. He then moved to Detroit Pistons (2008-2009).

(*) Current US Dollars adjusted for inflation from data provided by the U.S. Department of Labor Bureau of Labor Statistic

In 2009-2010 seasons he moved to the Memphis Grizzlies where he earned only $161,000 for the entire season. His career had certainly taken a nose dive. Allen Iverson earned approximately a total of $155 million throughout his career, excluding endorsement income.

Between 1998 and 2005, Allen Iverson was among the very best and was named the top scorer four times. He also comes second to Michael Jordan when it comes to highest-scoring per game.

A Look at His NBA Career Stats and Highlights

Allen is known as one of the prolific scorers in the history of the NBA. In the course of his career, Allen who played the shooting  and guard positions made the following impressive statistics:

Points– 24, 368 (26.7ppg)

Rebounds– 3, 394 (3.7 rpg)

Assists– 5, 624 (6.2 apg)

A Look at Allen Iverson’s Family: His Wife and The Dramatic Divorce They Went Through

Allen was married to his high school sweetheart, Tawanna Turner. Even after their dramatic divorce, Allen calls her the real love of his life. The two met on an “opposites attract” circumstance. Unfortunately, their differences took the better of them in the later years of their marriage.

The couple tied the knot in 2001 but finally split in 2013 after Tawana filed for a divorce on two separate occasions.

Together, they have 5 children- Isaiah Rahsaan Iverson, Tiaura Iverson, Dream Alijha Iverson, Allen Iverson II, Messiah Lauren Iverson.

In recent times, Allen and Tawana seem to be enjoying each other’s company but it is not clear if they are coming back together once again.