How much is Allen Iverson’s Net Worth? $1 Million!

Born in Hampton, Virginia, Allen Iverson was an athlete for many years before finally settling on basketball. Allen Iverson is a former professional basketball player. Iverson attended Georgetown University under the guidance of Coach John Thompson. He won Big East Defensive Player of the Year award twice during his tenure at Georgetown University. In his first year at Georgetown University, he won Big East Rookie of the Year. He was named First Team All American and left Georgetown University early as the Hoyas’ all-time leader in career scoring average. After his second year at Georgetown, he declared for the NBA Draft.

Iverson spent the better part of his career with the Philadelphia 76ers. He was drafted in the 1996 NBA Draft, becoming the shortest first overall pick ever. He was named Rookie of the Year in 1996 and made the NBA All-Rookie First Team. In the first few years of his career, Iverson minimally improved the 76ers season record. However, he signed an extension for 70 million dollars and the 76ers improved drastically over the next two years. In his 1999-2000 season, Iverson was selected to the Eastern Conference All-Star team for the first time. The following season, Iverson won the NBA’s Most Valuable Player and took the 76ers to the NBA Finals. There his team met and lost to the Los Angeles Lakers. The following years, the 76ers made early exits in the playoffs. Eventually he left the 76ers for the Denver Nuggets. After fall-outs with the Detroit Pistons and Memphis Grizzlies, Iverson returned to the 76ers. He left the 76ers, citing his daughter’s health issues. He did not return to the 76ers, but headed to Turkey to play for Beşiktaş.

Allen Iverson’s net worth is believed to be less than one million dollars. In 2012, Iverson claimed that he was broke and could not pay his obligations to creditors. Though Iverson’s monthly income is about $62,500, he spends roughly $360,000 per month on expenses.