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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...
Dec 10, 2012 · TMZ has obtained court documents from Iverson's ongoing divorce proceedings that clearly show a man drowning in debt. Though he still earns $750,000 per year, Iverson is bleeding an estimated...
Aug 29, 2023 · One rumor about the former NBA MVP concerned his lavish spending, that he usually throws away $40,000 a night on parties. In playing for 14 years, Iverson made over $150 million, and there was...
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.
