Allen Iverson

Net Worth: $1'000'000

Allen Iverson

$1'000'000

A Georgia judge, in the wake of Allen Iverson’s claims that he was flat broke, ordered the seizure of all Allen’s bank accounts. Iverson’s salary was nearly 155’000’000 during his seven years in the NBA. And that figure does not even include the amount of money Allen brought home through endorsement And marketing deals, estimated to be 60’000’000. The financial problems of Iverson have become quite familiar for many professional athletes. He reportedly traveled to several places with an entourage of 50 people. He showered friends and family, especially his mother, with cars, jewelry, houses, and expensive vacations. Allen’s most recent financial troubles came after a judge ordered him to pay 900’000 to a Georgia jeweler, but the former star apparently doesn’t have the funds to cut the check. Iverson told a Georgia federal judge In December 2012 that his monthly income was 62500 but that his expenses were 36’0000. Of that $360k, roughly $125k went to paying back various creditors, and another a large chunk went to mortgages. Iverson also admitted to the judge that he was still spending $10’000 a month on clothes, $10’000 a month on restaurants/entertainment, and an additional $10’000 on groceries. Reebok Trust Fund Allen signed a unique endorsement agreement In 2001 with Reebok. Reebok has funded a trust fund of 32’000’000 that Allen will not be able to access until he turns 55 In 2030. When Allen’s ex-wife filed for divorce, This deal was revealed. He will inherit half the trust fund As a result of the divorce in 2030. Iverson was arrested in 1997 for carrying concealed weapons and for possessing marijuana. In 2002, he had a domestic dispute with his then-wife Ta wanna. He got her out of the house and threatened two men with a gun while He was going hunting her. He pleaded no contest, and He did community service. Iverson visited the Trump Taj Mahal In December 2006. He won at a three-card stud poker table and was paid 10’000 more than He had. When the dealer realized the error and requested the chips back, Iverson refused and fought with the casino staff. He was then kicked out and told not to return to the dock. That same year Iverson’s bodyguard was accused of assaulting a man on behalf of Iverson’s entourage in a nightclub. The man suffered a concussion, ruptured eardrum, and a torn rotator cuff, among many other injuries and emotional trauma. He sued Iverson and was awarded 26’0000. The Ohio man sued Iverson for 2’500’000 in damages after a fight in 2009 in Detroit with Iverson’s security guard. In 2013 Iverson was also accused of kidnapping his own children by his ex-wife. She dropped the accusation later. Personal Life Allen Iverson began dating high school sweetheart Ta wanna Turner At the age of 16. They married in The Mansion on Main Street in Voorhees, New Jersey. The couple has five children. In March 2010, Ta wanna filed for divorce. The divorce was finalized in 2013, but just one month after they finalized their divorce, The couple got back together again. Iverson recorded a single called 40 Bars under the moniker Jewel In 2’000. A controversial musical style that involved derogatory remarks about homosexuals prevented him from releasing it. He agreed to change the lyrics but never released the album.

ID: 1036184
Published: 19/08/2022
Views: 21
Jun 07, 1975
Male
16423
Basketball Player, Rapper, Athlete
United States of America

Present Rank:

16423

Historical Rank:

19713

Date of Birth:

Jun 07, 1975

Date of Death:

Age:

47

Profession:

Basketball Player, Rapper, Athlete

Nationality:

United States of America

Gender:

Male

Height:

1.83m

Links to social accounts:

Copyright 2022 - Billionaireslist.com