Allen Iverson Net Worth, Career And Biography

admin March 11, 2020
Updated 2020/03/11 at 10:44 AM
Allen Iverson Net Worth
Allen Iverson Net Worth

Allen Iverson net worth and fortune came from his former career as a professional basketball player who played 14 seasons in the National Basketball Association (NBA) as both the point guard and shooting guard. Allen Iverson was an 11-time NBA All-Star. He won the All-Star game MVP award in both 2001 and 2005 and was the league’s Most Valuable Player (MVP) in 2001. His induction into the Naismith Memorial Basketball Hall of Fame took place in 2016.

Allen Iverson’s Early Life

Allen Ezail Iverson was born to Allen Broughton and Ann Iverson, in Hampton, Virginia United States on June 7, 1975. He was raised by a single mother after his father left them. Allen’s basketball interest began in his early childhood days.

He enrolled in Bethel High School and later completed his senior high school year at Richard Milburn High School. He also attended the University when he received a full scholarship to study at Georgetown University.

Always loving the game of basketball, Allen Iverson played basketball for the Georgetown Hoyas basketball team.

Professional Life & Career

After drawing a fifteen-year prison sentence for a felony charge of maiming by a mob, Allen Iverson’s 10 years were suspended and he had to spend a total period of 4 months at Newport News City Farm.

When he was released, he started playing for the basketball team of Georgetown Hoyas, winning the Big East Rookie of the Year award in 1994–95. He ended his college career after earning an average of 22.9 points per game, before proceeding to a professional career.

Allen Iverson’s prospects started to get attractive when he was selected in the 1996 NBA draft by the Philadelphia 76ers. He hit instant career success in his first NBA season as he was named rookie of the year, averaging 23.5 points per game, 7.5 assists per game, and 2.1 steals per game.

In 2000-2001 he averaged a then-career-high 31.1 points and 31.4 points per game in the 2001-2003 NBA season.

His stint in Philadelphia ended in December 2006 when he was traded to the Denver Nuggets. Two years later, he was sold to the Detroit Pistons before returning to the Philadelphia 76ers for the 2009-2010 season, before retiring in 2013.

Other Ventures

There’s a list of some other highly profitable ventures that have added value to his net worth. Asides from sponsorship deals, Allen Iverson has acted in movies, such as Like Mike (2002), Imagine That (2009), and My Other Home (2017).

Honors & Achievements

Allen Iverson announced his retirement from an amazing basketball career laden with honors and achievements on October 30, 2013, after 14 seasons. He was a four-time NBA scoring champion and also an 11-time NBA All-Star. He won the All-Star game MVP award in both 2001 and 2005 and was the league’s Most Valuable Player (MVP) in 2001.

To round up some of his achievements, his induction into the Naismith Memorial Basketball Hall of Fame took place in 2016, to mark the career of one of the best basketball players of this age, alongside the likes of LeBron James and Kobe Bryant.


Allen Iverson may have been a great basketball player, no doubt, but you can’t take away the controversies that plagued his career both on and off the game. He released a rap single titled ‘40 Bars’ which received criticism because it contained controversial lyrics.

He threw his wife out of their matrimonial home after a domestic dispute. However, Allen’s controversies weren’t reserved for his home and lifestyle alone. He went on his way to threaten two men with a gun while he went looking for her.

On February 24, 2004, he urinated in the trash can at Bally’s Atlantic City casino. Later on, in 2011 he was sued by an Ohio man for $2.5 million.

Marriage & Family

Allen Iverson and his high school sweetheart Tawanna Turner began dating when they were 16. They tied the knot at The Mansion on Main Street in Voorhees, New Jersey, United States.

They have five children: Dream, Messiah, Allen II, Tiara, and Isiah.

On March 2, 2010, His wife Tawanna filed for divorce, seeking custody of their children, and child support as well as alimony payments.

According to Allen Iverson, the couple came back together and stronger less than a month after their divorce was finalized in 2013.

Allen Iverson Net Worth

Allen Iverson net worth is roughly $1,029,794. Although he earned a lot of money from his basketball career, the management of his funds made the bulk of his wealth cut down. As per his earnings as an active player, on October 26, 2010, he agreed to a two-year, $4 million net income contract with the Turkish Basketball League team, Beşiktaş.

Allen Iverson was among the greatest basketball players of all time. It has been recorded that the Philadelphia 76ers legend garnered over $200 million from his NBA career.

However, his fortune would soon be squandered on lavish living. According to CBS Sports, NBA player Matt Barnes recalls that Allen Iverson spent over $40,000 at nightclubs.

As of now, the legend is clinging to his cars, especially his Bentley Continental GT. The former NBA MVP lost most of his wealth but was saved by a former Nike deal which pays him $32 million in the year 2031 when he turns 55, and until then, Allan Iverson gets the sum of $1 million a year, which enables him to hold onto his Bentley, and take care of his family.


Recent News

Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *