Allen Iverson

Allen Iverson Net Worth (2023)

Allen Iverson’s net worth is $1 million.

Allen Iverson grew up a scrappy kid from Hampton, Virginia. From those tough beginnings to excelling as an NBA sensation, Iverson’s life is one for the books. He has, after all, been in the spotlight not just for his on-court skills but also for the drama around his career earnings.

Iverson, despite his court heroics, is only worth about $1 million today. It seems odd considering that blazing legacy but wait until we share the details of his career, how he made his money, and, perhaps most relevant, how he spent it.

NameAllen Ezail Iverson
ProfessionProfessional Basketball Player (retired)
Net Worth$1 Million
BirthplaceHampton, Virginia, USA
BirthdayJune 7, 1975 (Gemini)
Height6 ft (183 cm)
Relationship statusCo-parenting with ex-wife Tawanna Turner

Allen Takes the Court: Early Life and Breakthrough

Born in Hampton, Virginia, Allen Ezail Iverson grew up with his mom, who was only 15 years old when she had him. His dad was rarely around for his son. Despite the rocky family life, Iverson was a beast on the field. He shined at Bethel High School, winning state championships in both football and basketball. But his off-court behavior threatened his burgeoning career. At 17, Iverson ended up behind bars, accused of kicking off a racially tinted fight at a bowling alley. He would be later cleared.

Iverson’s serious skills landed him a scholarship at Georgetown University in Washington, D.C. He made a name for himself there, scoring an average of 23 points a game and snagging two Big East Conference Defensive Player of the Year awards. With all eyes on him, Iverson was in a position to start his NBA career—the Philadelphia 76ers picked him as the first overall in the 1996 NBA draft.

While Iverson was no giant at 6 feet tall and 165 pounds, he did have an abundance of talent he used to compensate for his diminutive frame. He stunned everyone in his rookie year, averaging 23.5 points a game, earning himself the Rookie of the Year honor, thanks to his killer crossover dribble that left opponents in his wake. Even though he butted heads with coaches, faced issues with the team’s management, and got himself in trouble with the law, Iverson’s rebel persona only made him more popular with young fans. His early career may not have been smooth, but it was his springboard for his rapid rise to fame and basketball glory.

A 76er Makes Millions: Revenues from Allen’s Career

Throughout his basketball career Allen Iverson bagged an eye-popping sum of $154.8 million. Much of those earnings came from his time in Philadelphia where he was a scene stealer and fan favorite. Overall, he pocketed $98 million as a 76er. His first break in the league was a six-year $70.9 million deal signed just in time for the 1999-2000 season. Following heaps of noteworthy matches and NBA glory, Iverson later signed a four-year extension deal just before the 2004-05 season kicked off, a sweet deal amounting to $73.5 million. At the height of his powers, in 2008-09, Allen secured the biggest deal of his career: a cool $20.8 million.

However, a year later, ahead of his last season in the league, Iverson signed a one-year contract with the Memphis Grizzlies worth $3 million. But his stint with the Memphis Grizzlies didn’t really hit the mark. They all agreed to pull the plug on his contract. Despite his short run with the Grizzlies, Iverson managed to keep a modest $400,000. Iverson bounced back to the Sixers in the midst of 2009-10 season, where he pulled in more than a million.

Tokin’ and Trust Funds: Other Revenue Streams

Allen Iverson is more than just a hoops star, he is an entrepreneur and loves a side hustle. He landed a lifetime gig with Reebok worth $800,000 a year. Plus, Reebok stashed away a $32-million trust fund for Iverson that he’ll be able to access when he turns 55 in 2030.

As his days in the court were counting down, Iverson got busy. He teamed up with another basketball legend (Al Harrington) in 2021 and joined forces with Viola, a weed company with a mission. The move signified Allen’s readiness to break into the booming cannabis business— a gold mine for countless athletes who moved from sports to the green trade.

Two years later, in 2023, the legend himself joined hands with the Authentic Brands Group with the aim to grow his entertainment empire globally, hinting at potentials for fresh endorsement deals and strategic collabs. It’s evident that Iverson isn’t one to sit still, he’s constantly reinventing himself and staying on top of market trends.

Banks & Bentleys: Allen’s Notable Possessions

Allen Iverson owned a mansion in Atlanta, Georgia, that he had customized in the late 2000s. That little project set him back $4.5 million. Unfortunately for Allen, four years later, he would be forced to sell the property—at a loss, no less—to the bank for $2.5 million. It all unraveled for Allen as he was in the midst of a divorce from his wife at the time, Tawanna Turner, who would receive $3 million in the settlement from the NBA star.

On to more cheerful matters: AI’s drool-worthy car collection. We’re talking a sleek Bentley Continental GT, a Hummer H1 Alpha HX, and a tricked-out Cadillac Escalade, even a mega-luxe Mercedes Maybach 57S.

Personal Life

In the middle of all the mayhem of his youth, Iverson hit the jackpot, winning the heart of his high-school sweetheart, Tawanna Turner. These teenage lovebirds eventually tied the knot in ’01. They would go on to have five kids. In fact, you may follow their daughter Tiaura on Instagram where she’s been turning heads as a rising beauty guru.

Allen’s time with Tawanna has been fraught with drama. For instance, in 2002 he allegedly kicked Turner out during a blowup and waved a gun around at a couple of guys. Charges were dropped due to lack of evidence. In light of such incidents, it was not surprising to learn the two split in 2013, though they reunited within a month of finalizing the split. The latest on their love saga? Well, things seem to be riding on the calm wave now.

A Bankrupt Baller: Major Events and Controversies

Allen Iverson has courted controversy dating back to Valentine’s Day 1993. At 17, while at a bowling alley in Hampton, Virginia, Iverson ended up in a racially-charged fight. For supposedly hitting a woman with a chair, he did a stint in juvenile detention center. Four months later, the conviction was dropped due to—you guessed it—lack of evidence.

In 2005, Iverson’s bodyguard took matters into his own hands and beat up a man at a nightclub in D.C. Even though Iverson himself wasn’t directly involved, he got slapped with responsibility for his bodyguard’s bad behavior. In 2007, the victim was awarded $260,000 for his troubles.

Then, in 2010, Iverson declared bankruptcy after being unable to pay his jeweler. The result of lavish spending, Allen’s financial woes do have a silver lining in the form of that trust fund set up by Reebok. 2030 can’t come soon enough for AI.