What Is Allen Iverson's Net Worth?
Allen Iverson is a retired American professional basketball player who has a net worth of $1 million. Allen Iverson is one of the most electrifying and influential players in NBA history. Known for his fearless style of play, iconic crossover, and cultural impact, Iverson redefined what it meant to be a superstar. After a standout college career at Georgetown, he was selected first overall in the 1996 NBA Draft by the Philadelphia 76ers.
Despite being just six feet tall, Iverson dominated with relentless scoring ability and toughness. He won NBA Rookie of the Year in 1997 and captured the league MVP in 2001, the same year he led the underdog Sixers to the NBA Finals. Over a 14-year career, he became an 11-time All-Star, 4-time scoring champion, and 3-time steals leader. He averaged 26.7 points per game—one of the highest in league history.
Iverson also had brief stints with the Denver Nuggets, Detroit Pistons, and Memphis Grizzlies, but his legacy is forever tied to Philadelphia. Off the court, he was a cultural game-changer, bringing hip-hop style, tattoos, and authenticity to a league that hadn't fully embraced that identity.
Iverson earned an estimated $155 million in NBA salary and over $200 million total including endorsements. Unfortunately, despite his earnings, financial struggles have plagued him in retirement. As we detail later in this article, thanks to a unique lifetime deal with Reebok, Allen will inherit a $32 million trust fund on his 55th birthday, providing long-term security.
He was inducted into the Naismith Memorial Basketball Hall of Fame in 2016, remembered as one of the toughest, most influential, and most beloved players the game has ever seen.
Early Life
Allen Iverson was born Allen Ezail Iverson on June 7, 1975, in Hampton, Virginia. Allen's mother, Ann Iverson, was just 15 years old when he was born. His father, Allen Broughton, left the family when he was young. He grew up in the projects of Hampton, surrounded by drugs and crime in the background. He was beloved by the neighborhood kids, and childhood friends often described him as looking out for the younger kids. Iverson attended Bethel High School and started as the quarterback for the football team. Iverson also played for the basketball team.
Basketball Career
Allen Iverson's basketball journey is one of raw talent, redemption, and cultural impact. He was recruited to Georgetown University directly out of a Virginia jail cell, where he was serving time following a controversial arrest for his alleged role in a bowling alley brawl. Facing a potentially life-altering prison sentence, Iverson was released after Georgetown head coach John Thompson personally intervened, promising the judge he would take responsibility for the young athlete. Iverson enrolled at Georgetown, where he quickly became a standout guard and one of the most explosive scorers in college basketball.
Despite Thompson's urging that he stay and earn his degree, Iverson declared for the NBA Draft after just two seasons. In 1996, he was selected by the Philadelphia 76ers with the No. 1 overall pick, becoming the shortest top pick in league history at just six feet tall. He made an immediate impact, winning Rookie of the Year in 1997 and dazzling fans with his speed, agility, and signature crossover.
Iverson's rise was not without friction. He frequently clashed with head coach Larry Brown and was nearly traded in 2000, but the deal fell through. In 1999, he led the 76ers to the playoffs for the first time in his career. The following year, he signed a six-year, $70 million extension. In 2001, Iverson had his best season, capturing the league MVP and leading Philadelphia to the NBA Finals, where they fell to the Shaquille O'Neal and Kobe Bryant-led Lakers.
He remained with the 76ers for a decade, becoming the face of the franchise and a cultural icon. After his time in Philadelphia, Iverson was traded to the Denver Nuggets, where he played for two seasons before short stints with the Detroit Pistons and Memphis Grizzlies. He returned briefly to the 76ers in 2009–2010 but struggled to find footing in the NBA.
With no offers from NBA teams, Iverson signed with the Turkish club Beşiktaş in 2010, playing part of a season in the Turkish Basketball League and EuroCup. He officially announced his retirement from basketball in 2013.
Over the course of his NBA career, Iverson was an 11-time All-Star, won four scoring titles between 1998 and 2005, and finished with a career scoring average of 26.7 points per game—second only to Michael Jordan. His relentless style, resilience, and authenticity left a lasting impact on the game and its culture.
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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
National Team Career
Iverson also represented the United States in international competition. In 1995, he traveled to Japan as a member of the USA World University Games team, which also featured future NBA stars Ray Allen and Tim Duncan. Iverson led the team in scoring, steals, and assists as they went undefeated and secured a gold medal.
In 2003, he was named to the USA Senior National Team and helped lead them to a gold medal at the FIBA Americas Olympic Qualifying Tournament in Puerto Rico. The team went 10-0, earning a berth in the 2004 Athens Olympics. Iverson started eight games during the tournament and ranked among the team's leaders in scoring, assists, steals, and field goal percentage. Unfortunately, a sprained thumb kept him out of the final two games.
Iverson would go on to serve as co-captain of the 2004 Olympic team in Athens. Despite high expectations, Team USA finished with a bronze medal after suffering multiple upsets. While the result was disappointing, Iverson's leadership and pride in representing his country were widely praised.
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Is 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 superstar's claims that he was flat broke. This was a shocking revelation, considering that during his playing years, Iverson earned nearly $155 million in NBA salary alone. 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 $60+ 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. Still, apparently, the former superstar 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 was $62,500, but his expenses were $360,000. Of that, $360k, roughly $125k, went to paying back various creditors, and another large chunk went to mortgages. Iverson also admitted to the judge that he was still spending $10,000 a month on clothes, $10,000 a month on restaurants/entertainment, and an additional $10,000 on groceries.
Reebok Trust Fund
In 2001, Allen signed a lifetime endorsement deal with Reebok. The lifetime deal featured three impressive benefits:
- #1) Reebok agreed to pay Allen $800,000 per year for life.
- #2) For the remainder of Allen's NBA career, Reebok would pay him $5-10 million per year.
- #3) Reebok set aside $32 million in a trust fund, which would be inherited 29 years in the future, on Allen's 55th birthday.
That magic day for point #3 is June 7, 2030. Below is a countdown clock to what we have dubbed "Allen Iverson Trust Fund Day":
Allen Iverson Trust Fund Countdown
The world actually learned about the Reebok trust fund after Allen's wife, Tawanna, filed for divorce in 2010. During the divorce proceedings, Allen claimed to be essentially broke due to his profligate spending over the previous decade. Tawanna conceded to this point but also brought to light his future $32 million payday.
Whether or not Allen ultimately gets the full trust fund or half is a bit murky. He and Tawanna did officially legally, divorce. Their divorce was finalized in 2013. However, according to Allen, he and Tawanna reconciled soon thereafter and remain together today. So maybe they will both still technically receive the full amount, with half going to him and half going to her.
Legal Troubles
Iverson was arrested for carrying a concealed weapon and possession of marijuana in 1997. In 2002, he and his then-wife Tawanna had a domestic dispute. He threw her out of the house and then threatened two men with a gun while he was out looking for her. He pleaded no contest and did community service.
In December 2006, after a win against the Charlotte Bobcats, Iverson visited the Trump Taj Mahal. He won at a three-card stud poker table and was overpaid by $10,000. When the dealer realized the mistake and requested the chips back, Allen refused, and an argument between him and the casino staff ensued. He was subsequently kicked out and told not to return. That same year, Iverson's bodyguard was accused of assaulting a man at a nightclub on behalf of Allen's entourage. The man suffered a concussion, a ruptured eardrum, and a torn rotator cuff, among many other injuries and emotional trauma. He sued Iverson and was awarded $260,000. Related, an Ohio man sued Allen for $2.5 million in damages after a bar fight with Iverson's security guard in Detroit in 2009.
In addition, in 2013, Iverson was accused by his ex-wife of kidnapping his own children. She later dropped the accusation.
In 2017, Iverson lost his mansion in Atlanta, Georgia, to foreclosure after defaulting on a $1.2 million mortgage. The $4.5 million upscale suburban home ended up selling in 2019 for $725,000.
Personal Life
At age 16, Allen began dating Tawanna Turner. They wed in Voorhees, New Jersey, at The Mansion on Main Street in August 2001. The couple has five children. Tawanna filed for divorce in March 2010. The divorce was finalized in 2013, but the couple got back together just one month after they finalized their divorce. Iverson had an on-and-off relationship with rapper Da Brat over the following years before she ended it for good over his infidelity.
In 2000, Iverson recorded a single under the moniker Jewelz called "40 Bars." He was not able to release it due to controversial lyrics involving derogatory remarks about homosexuals. He agreed to change the lyrics but never released the album.
In 2021, Iverson and former NBA player Al Harrington started a cannabis product line called "The Iverson Collection," and Allen helps with various business initiatives for Harrington's company, Voila Brands. The two also collaborate on educational efforts to reduce the stigma around cannabis use.
In January 2023, Iverson announced plans to open a seafood and soul food restaurant in his native Virginia, with plans to expand to Philadelphia.