How Allen Iverson Net Worth Changed Before & After His Retirement

Allen Iverson, American former professional basketball player and the current captain/coach of 3’s Company in the BIG3 is worth $1 million.

Early Life

Allen Ezail Iverson was born in Hampton, Virginia. He attended Bethel High School. He developed an interest in sports and played for the school football and basketball team.


He later attended Richard Milburn High School and after his senior year of high school was offered scholarship by Georgetown University where he played for Georgetown Hoyas Basketball Team.

Iverson married his long-time girlfriend Tawanna Turner in 2001, and they have five children. However, within a year of marriage, Iverson made headlines for assaulting his wife and Tawanna filed for a divorce in 2010, seeking custody of the five children as well as child support and alimony payments.



Following two years of successful career in basketball in Georgetown University under the guidance of coach John Thompson, Iverson was selected by the Philadelphia 76ers in the 1996 NBA draft.

Soon he became one of the most prolific basketball players and led the team.

After ten years with Philadelphia 76ers, Iverson joined Denver Nuggets in 2006, when he was the NBA’s number two leading scorer. Again in 2008, Iverson was dealt from the Nuggets to the Detroit Pistons.

In 2009, he signed a one-year contract with the Memphis Grizzlies. However, after playing three games for Grizzlies, Iverson left the team within two months for personal reasons.

On December 2009, Iverson returned to Philadelphia 76ers after entering into a one-year non-guaranteed contract but left the team in February 2010.

On October 2010, he signed a $4 million two year deal with Besiktas. After playing ten games for Besiktas, Iverson officially announced his retirement in 2013.

Allen Iverson has also represented the United States for 2004 Olympic Games, 2003 FIBA Americas Championship and Summer Universiade in 1995.

Currently, Iverson is the coach of “3’s Company” in BIG3, a professional basketball league.

Films and Music

Iverson has also appeared in movies like “Like Mike”, “Imagine That” and “My Other Home”. He has made cameo appearances in few TV series and documentaries including “Sports Center”, “Mike & Mike”, “A Funny thing happened on the way to the White House”, “Framed” and “Quite Frankly with Stephen A. Smith”. He has also released a rap album “Slow Motion”.

Awards and Achievements

Iverson’s some of the achievements and awards include NBA Most Valuable Player (2001), Four-time NBA Scoring Champion, 11-time NBA All-star, 7-time All-NBA, Three-time NBA steals leader, NBA Rookie of the year (1997) and NBA All-Rookie First Team (1997).

In 2008, Iverson was rated the fifth-greatest NBA shooting guard of all time by ESPN. In 2016, he was even inducted into the Naismith Memorial Basketball Hall of Fame.


Iverson is one of the most controversial, yet most loved basket players of all the times. He has gotten arrested on a few occasions for carrying illegal weapons and marijuana. He has also been accused of numerous assaults.

Allen Iverson Net Worth

Allen Iverson, who was one of the highest paid basketball players of his times, is not as rich as before after his retirement. His current net worth is a mere $1 million.  According to Forbes, Iverson earned over $200 million from his NFL career.

Houses and cars

Iverson lives in his Atlanta home which he built in 2009 for $4.5 million. The house includes an exercise room, wine cellar, cedar closet and a recreation room.

Iverson also has a good collection of rides including Bentley GT, Hummer H1 Alpha HX and Cadillac Escalade.


Iverson has made a lifetime contract with Reebok in 2001 according to which he receives $1 million annually and will receive a lump sum of $32 million when he turns 55.



Iverson, along with Philadelphia 76ers founded the Crossover Foundation in 2000, an NGO organisation. He stated that with a successful career, he wanted to give something to the society.

He even headed to the Philippines to coach American and Asian street players for the “All In” charity basketball game. The proceeds were used to build houses.

Iverson is also the founder of “Choose Life Foundation”.


Allen Iverson, who played for 14 seasons in the National Basketball Association as a shooting guard and a point guard, is one of the most celebrated players. With a rough childhood, being raised by his poor and struggling mother and after spending significant time in the prison when he was 17 for a controversial incident, Iverson sure has reached heights for his athletic skills. With various rumours going around that Iverson is going through a financial crisis after his retirement, he has dismissed all the rumours stating that the stories were a mere myth and that he wasn’t struggling in any part of his life.


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