Who is Allen Iverson and what is his net worth 2018? Allen Iverson is an American retired basketball player. He was born on 7 June 1975. Iverson played for 14 seasons in National Basketball Association. He played both as shooting guard and point guard. Iverson got his schooling done from Bethel High School, Hampton, Virginia. He had been winning awards in his field since he was in high school. He was awarded the Associated Press High School Player of the Year.
During his NBA Career, he was the top scorer between 1998 and 2005.award in both football and basketball, and won the Division AAA Virginia state championship in both sports. After high school, Iverson attended Georgetown University for two years, where he set the school record for career scoring average (22.9 points per game) and won Big East Defensive Player of the Year award. He also won the NBA Rookie of the year Award.
His professional career started in 1996 when he was selected by the Philadelphia 76ers in the 1996 draft. He became the first short player to be selected in a league dominated by tall players. During his NBA Career, he was the top scorer between 1998 and 2005. He enjoyed a successful career from 1996 to 2003 but after 2003, the frustration began.
In 2003, Iverson bristled under the disciplinarian approach of the Sixers’ interim head coach Chris Ford. This led to a number of contentious incidents, including Iverson being suspended for missing practice. Due to a lot of tensions, Iverson ended his 10-year-old tenure with Philadelphia.
. In 2002, Iverson got married to his high-school sweetheart Tawanna in New Jersey. However, he was alleged of brutally throwing her wife out of their house after a domestic dispute but all charges against him were uplifted by the judge due to lack of evidence. In 2010, Tawanna filed for divorce along with seeking custody of their five children.
In the end of the year 2000, Iverson recorded a rap single called ’40 Bars’. Unfortunately, this rap song was not released due to its controversial lyrics. He also recorded an album named ‘Jewelz’ which too was not released because it contained controversial remarks on homosexuals.
Net Worth of Allen Iverson
The famous basketball player whose life has always been trapped in controversies and he has a net worth of approximately $1.2 million. Since the played is famous for being in controversies; he had been rumored of being bankrupt. However, this information was declared fake.
In 2012, a judge ordered to seize all the bank accounts of the player. Later, the player was almost broke because of his extravagance. He had spent a lot of money in travelling. The player had also showered his money to his friends and family, especially to his mother, in the form of cars, jewellery, extravagant vacations etc. leading to his broken financial condition.
In the same year, Iverson also pleaded in the court that his annual income is not more than $63,000 but his expenditure is almost thrice his income. He even had a huge debt and a large amount of his salary goes to paying off his debts. He had to mortgage his assets to pay off his debts.
The basketball player built his home in Atlanta in 2009. His house is furnished with high-quality antique interiors such as handmade iron railing, French imported materials, stone floors etc. His basement included an exercise area, wine cellar, cedar closet, recreational room and a bedroom suite.
He even had Bentley GT, Hummer H1 Alpha HX, Cadillac Escalade.
All of his assets had to be mortgaged because of his huge debts. He had huge debts because of his prodigal lifestyle. He used to spend a lot of his money on clothes, in restaurants, vacations etc.
Iverson had been winning awards since he was in high school. He was awarded Associated Press High School Player of the year. Allen also won the All-Star Game MVP Award in 2001 and 2005 and NBA’s most valuable player in 2001. He even won the NBA Rookie Award of the year in 1997 followed by BET Award for Sportsman of the year in 2001 and All-NBA Team award in 1999, 2001 and 2005.
The legendary basketball player got trapped in a lot of controversies ranging from being convicted when he was 17, alleged for assaulting his wife, was caught in a debt trap, rumored to be bankrupt and there a lot of stories about the downfall of the player. The main reason behind his financial downfall is his extravagance and carelessness. Though, the legendary player might regain his financial stability when he would turn 45 and would be stable enough when he turns 55 due to pensions and Reebok Fund.