Allen Iverson Net Worth
Allen Iverson was commonly known as "The Answer”, is a retired American basketball player who was born on June 7, 1975, in Hampton Virginia.
He was best known for his extravagant lifestyle and hi zig-zag hairstyles. However, he was a force to reckon with and went on to become Hall of Famer, NBA MVP, and Olympic medalist.
Here is an insight into Iverson's road to fame and Allen Iverson net worth. Read on.
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Allen Iverson’s Early life
Allen was born in the projects of Hampton, Virginia to a 15-year single mother. He grew up in a neighborhood surrounded by drug-dealing and violence.
He attended Bethel High School where he played for the school’s football team as a quarterback and also as the point guard for the school’s basketball team.
During his junior year, he was able to lead the two teams to Virginia State Championship and earned an award as the high school player of the year in both sports
Allen Iverson’s Career
Although he was involved in some legal troubles in his teen years, Allen Iverson was able to build a reputable career. While playing for Georgetown University basketball team, Iverson led the team to Elite 8 in NCAA championship.
After two seasons, he was selected first overall by the Philadelphia 76ers despite being a bit shorter compared to most players in NBA.
In the same year, he was able to win the Rookie of the Year award and NBA Rookie Challenge MVP.
Allen Iverson Net worth
In 2001, he was named one of the highest paid athletes in the world with an income totaling up to $155 million, exclusive of endorsements.
As of 2019, Allen Iverson net worth is estimated to be around $1.5 million.
Allen Iverson net worth 2017 stood at $1.4 million which has been contributed by a lifetime contract with Reebok whereby he receives $1 million per year, and other endorsements totaling up to $62,000 monthly.
This is in amidst of rumors that he is broke mainly due to his lavish lifestyle and expensive lawsuits.
However, Allen Iverson net worth is expected to grow as a result of an estimated $30 million which he will receive when he hits 55 years old. The money is from the contract with Rebook which he signed in 2001.
Allen Iverson net worth 2018 still sits at $1 million and even though he is not printing as much money as he used to during his NBA career, his sheer hard work and determination moved him from rags to riches.
On top of his contract with Reebok and endorsements, Allen Iverson net worth will certainly grow.