Allen Iverson was born in the Hampton, Virginia,
on of June 7th 1975, to a single 15-year-old mother, Ann Iverson,
and was given his mother's maiden name after his father Allen Broughton left her.
He attended Bethel High School, where he started as quarterback for the school
football team while also playing running back, kick returner, and defensive back.
He also started at point guard for the school basketball team.
During his junior year, Iverson was able to lead both teams to the Virginia state football and
basketball championships and earned the AP High School Player of the Year award in both sports.
This dude was Michael Jordan, Payton Manning, Emmitt Smith mixed with Dion Sanders. Wow!
On February 14, 1993, Iverson and several of his friends were involved
in an altercation with several other patrons at a bowling alley in Hampton, Virginia.
During the fight, Iverson allegedly struck a woman in the head with a chair.
He, and three of his friends, who were also black, were the only people arrested. Iverson,
who was 17 at the time, was convicted as an adult of the felony charge of maiming by mob,
a rarely used Virginia statute that was designed to combat lynching.
After Iverson spent four months at Newport News City Farm, a correctional facility
in Newport News, he was granted clemency by the Virginia Governor Douglas Wilder,
and the Court of Appeals eventually overturned the conviction in 1995 for insufficient evidence.
Of his time in prison, Iverson said: "I had to use the whole jail situation as something positive.
Going to jail, someone sees something weak in you, they'll exploit it. I never showed any weakness.
I just kept going strong until I came out." The prison sentence forced him to complete his
senior year of high school at Richard Milburn High School, a school for at-risk students,
instead of competing in sports at Bethel. However, the three years Iverson spent at Bethel
were enough to convince Georgetown University head coach John Thompson to come out and meet
Iverson and offer him a full scholarship to join the Georgetown Hoyas basketball team.
Career In his first season
at Georgetown, Iverson won the Big East Rookie of the Year then declared for the NBA draft.
Iverson was selected number 1 overall by the Philadelphia 76ers in 1996.
During 10 seasons with the Sixers he averaged 27.6 points and 6 assists per game.
Iverson led the team to the Finals and was the MVP that same year.
Allen played with Denver Nuggets for two years. He then did brief stints with the
Detroit Pistons and the Memphis Grizzlies before returning to the 76ers for one year.
During his NBA career, he led the league in scoring four times and holds the record for
2nd highest per-game scoring average behind Michael Jordan. He is an 11 time All-Star;
3 times steals leader and 7 All NBA Selections. In 2016, he was elected into
Naismith Hall of Fame. What an incredible basketball career!
Now we know a little about Iverson’s b-ball career, let’s get into how he makes that stash.
Contract As an NBA player,
Allen Iverson made $154 million in salary alone.
A.I.’s rookie contract was a three-year, $9 million rookie contract. Iverson made
$2,300,000 during his rookie season while averaging 23.5 points and 7.5 assists.
He easily won the Rookie of the Year Award. His largest career contracts include a $71
million six-year deal in 1999 and a $77 million four-year deal in 2003.
His peak earning year was when he was paid a staggering $21 million
by the Detroit Pistons in 2009. Talk about a getting that paper.
Endorsements Besides his salaries, Iverson also
earned much moola through various endorsements, the most notable is his deal with Reebok.
The American sports and apparel firm endorsed Iverson as soon as he entered the NBA.
The two agreed to a 10-year, $50-million deal. Later on, Reebok gave Iverson a
lifetime deal after the Philadelphia 76ers legend won league MVP in the 2001 season.
A.I. was a fashion icon as he was the first Hip Hop basketball player that tied the two
cultures together. Everyone in Hip Hop was wearing basketball gear and players
were wearing clothes that matches the streets. A.I. changed the sneaker game with his sneaker
line. The Reebok Question mid were worn when he crossed up Michael Jordan. And the Answer 4’s
were worn during the classic Finals Step-over Tyronn Lue Shot. These iconic moments made his
shoes and Reeboks profits go sky high. According to various sources, the deal
includes paying Iverson $800,000 a year. It also includes a $32 million trust fund that Iverson
can access when he turns 55 in 2030. However, Iverson would gain only half the amount as his
ex-wife, Tawanna, holds the rights to the other half, according to their divorce.
His other endorsements include Stance socks, and T-Mobile.
So Allen Iverson has a Net Worth of ?............ Wait you don’t want to miss this one.
Now let’s see how the Answer spends his millions. Cars
Iverson has had so many cars in his hay day. Here are some that we know of. Black Maybach 57S, a
Lamborghini Murcielago that was once impounded for not being registered, Hummer H1, Cadillac Escalade
and Rolls Royce. Due to financial issues most of these cars are no longer in his possession.
There is also an epic story where Larry Hughes was just getting into the league.
Larry saw Iverson’s Bentley. He said “Yo..A.I. I have to get me one of these”.
Iverson didn’t hesitate and said “Bro, you can have mine”. Allen never seen anyone so grateful.
His most famous car is a white Bentley GT. This smooth luxury beauty has over 600 horsepower
and costs whopping $250,000. Talk about driving to the Lane!
Houses
Iverson is a Philly legend. He lived it up on the court and off. He has a house in Gladwyne
Pennsylvania. This estate is 8000 square feet with 6 bedrooms. It has a billiards room,
wine cellar and home theater. This was the legendary “Hideout” home from when he and his
wife got into an argument. Allen allegedly broke into a West Philly apartment and brandished a gun.
He hunkered down in this house for days as reporters waited outside for days.
A.I. bought this house for $2.3 Million and eventually sold this
house to Baseball player Chase Utley who was on the Phillies for $2.8 million.
A profit of about $500,000. Chase has remodeled the place and now it looks more contemporary.
Iverson has a pad in the A¬tlanta area. His home in Alpharetta is in a gorgeous community
with tons of stuff to in a quiet suburban area. The house has seven be¬drooms and 7.5 baths.
Moreover, it features a pool and hot tub and great outdoor patio space.
The backyard has great views of the area as well. Iverson built the home and made an interesting
modification where he converted a whole bedroom into a closet that could fit hundreds of sneakers.
He bought the house for $4.5 Million. The house ended up going to foreclosure and was auctioned
off for $2.5 million, a $2 million dollar lost. Allen is now reported to be living in Charlotte.
A.I. did not have all the answers with houses as he fell into foreclosures with a house in
Denver and Villanova. There are lots of stories of Iverson gambling, drinking too much alcohol, going
to strip clubs and spending way too much money. This is a lesson about living too much of flashy
lifestyle. Let’s hope Iverson can recover. Charity
Allen lives a life of luxury but is also involved in charity work.
“The Answer” along with a host of former NBA players and the AND1 Mix Tape stars,
hosted “The All In Basketball Game” which hopes to raise funds for homeless people in the country.
He offered to volunteer his basketball skills–not as a player but debuting his coaching abilities–to
American and Asian street players. Talk about a heart of gold.
Love Life Iverson started dating his high school sweetheart
Tawanna Turner when they were 16, and married early in his career. They have five children:
Tiaura, Allen II, Isaiah, Messiah, and Dream. Due to Iverson’s fast and crazy lifestyle,
Tawanna Iverson filed for divorce twice. The divorce was finalized in 2013 and Tawanna
walked away with a $3 million settlement. But these two actually got back together
almost immediately after the dust settled. While it’s unclear if Allen and Tawanna ever
remarried, they are still very much a couple. Ever since retirement, the couple has been focused
on raising their children and rebuilding and the Answer seems a lot more settled.
During his Hall of Fame Speech, he paid huge tribute to Tawanna. “My number one person
in the world… hands down. Tawanna Iverson,” he said. “Twenty-four years. Ups. Downs. But real
love….Thank you for loving me the way you do. And caring about what type of person I am and
what type of person that I need to be to set an example for our babies. You are a Hall of Famer”
Real quick we just wanted to give a shoutout to Mecca Cameron for suggesting this video.
If you leave a comment or suggestion you will be eligible to win a shoutout from us
at Big Time Hoops. Net Worth
Now is the time you have all been waiting for. How much is Allen Iverson net worth?
Before that we just want to say that sometimes we get heat for saying a player’s net worth is
too low. Just cuz you made a million, doesn’t necessarily mean you are worth a million.
Many players live way above their means. Over the course of Iverson’s life, he earned
over $200 million dollars. His lavish lifestyle was followed by financial woes after retirement.
And now with everything going on in Iverson’s life, he has a net worth of $1 million dollars.
Remember it’s not what you make, it’s what you keep.
Reebok set aside that $32 million in a trust fund that Allen and
Tawanna will not be able to access until he turns 55 in the year 2030.
Hopefully, things will get much more comfortable by then.