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Jun 7, 2022 · His Downfall. Just two years after he stopped professionally playing, Allen Iverson blew through his entire net worth.
After Iverson went broke, it was learned that he continues to receive $800K in annual payments from the shoe company and has a $32 million trust fund, which he can't access until he turns 55.
How did Allen Iverson go broke? At the peak of his career, Iverson spent millions on his lavish lifestyle. He allegedly traveled with an entourage of 50 people at times and friends and family...
- 7 June 1975
- $1 million
- Allen Iverson
- Basketball, endorsements
Former NBA star Allen Iverson owes millions to creditors, has a foreclosed mansion, and spends lavishly on clothes, groceries, and entertainment. TMZ obtained court documents from his divorce proceedings that reveal his financial woes.
Aug 29, 2023 · The former NBA star cleared out the rumor that he spent $40,000 every night on parties and was struggling financially. He also shared his life story and his message to the younger generation in his 2014 documentary.
- Ernest Leo Hernandez
May 20, 2024 · Despite the huge earnings, the basketballer was broke by the time he retired in 2012, according to The Washington Post. The paper revealed that at that time Iverson told his then wife Tawanna...
Jun 20, 2015 · Iverson's dramatic fall from millionaire idol to broke has-been ultimately eclipsed his otherworldly skill with a basketball, but his story is far more complex than irresponsible spending.
