Broke, is the proper word to describe Allen Iverson net worth that was predicted only $1million. But that rumor was denied by several people because some of them reported that he has $20million net worth and still $35million in his account. Another rumor said that along his career in the NBA, Allen Iverson has earned $200million, so how could he be broke? Allen Iverson himself seems never concerned about the rumor that he is broke and lost all his amount of money. People stated that Allen Iverson lifestyle and legal problem are the main reason behind the rower who said this man who used to play as a point guard and shooting guard. At first professional career by joining Philadelphia 76ers from 1996 to 1997, he was paid about $2,267,000 per year. His annual salary is getting increased from time to time. In 2000 to 2001, Allen Iverson earned $10,130,000 and $16,453,125 in 2005-2006season for the Philadelphia 76ers. After traded to the Denver Nuggets in 2006 to 2007, Allen Iverson earned $19,012,500 and reached its peak when he was paid about $20,840,625 after joining the Detroit Pistons in 2008 until 2009. Seeing that earning record it’s hard to believe that Allen Iverson is now broke. But after knowing that he was showered his family with money, luxury things and jewelry, it’s likely that Allen Iverson can’t manage his money very well. It was reported that Allen Iverson owed around $859,000 for the Georgia Jewelry store. His bad attitude also makes a man named Marlin Godfrey getting injured and forced Allen Iverson to pay the victim for $260,000. Despite that Allen Iverson mansion, jewelry, luxury cars and a lot of assets also cause them financial problem and owed a big debt for the taxes too.
Beside that bad reputation and financial problem Allen Iverson is one of the biggest and legendary NBA player. Allen Iverson shows his skill and talent in basketball after attending Bethel High School. While attending Georgetown University, his talent was sniffed by coach John Thompson. And he soon becomes Big East Rookie of the Year through the first season alone in the collage. Finished two seasons at Georgetown University , Allen Iverso then selected in the 1996 NBA Draft by the Philadelphia 76ers. He makes everyone impressed by winning several awards as the rookie of the year. Allen Iverson then played for the Philadelphia 76ers from 1996 till 2006. He then brought by Denver Nuggets and after two seasons Detroit Pistons brought him in 2008. Allen Iverson only lasts one season in this team than in the 2010, his old team, the Philadelphia 76ers brought him back. In 2010, Allen Iverson was reported signed a contract with the Turkish basketball club Besiktas $4 million for two year contract.
The rumor that Alen Iverson is going to be broken seems not true. Some report that Allen Iverson still has $35million in his account, but due his behalf, the court forbids him to touch the money till he turn to 55 years old.