Allen Iverson's net worth will skyrocket when his deal with Reebok kicks off in 2030: All you need to know

Allen Iverson's net worth is estimated at only $1 million in 2022. The former All-Star has earned in excess of $150 million from his NBA contracts and a lot of money from various endorsements. However, Iverson is not as wealthy as many other superstars who have retired.

Fortunately, Iverson made the right move by signing a lifetime deal with Reebok 20 years ago. Due to this deal, his net worth will skyrocket in eight years. More specifically, the four-time scoring champion will become a multi-millionaire on his 55th birthday.

This article will reveal everything we know about Allen Iverson's net worth and how it will be affected in 2030.

Allen Iverson's net worth skyrocketed thanks to his Reebok deal

Nike and Adidas are the two largest footwear companies in the world in 2022. However, the situation with the market was completely different during Allen Iverson's prime.

In 2001, Iverson was at the peak of his career. He led the Philadelphia 76ers to the NBA Finals after averaging 31.1 points, 4.6 assists, and 2.5 steals. The 6-foot point guard was one of the most popular and marketable players in the entire league.

Iverson spent 12 years of his professional career in Philadelphia (Image via Getty Images)

This year, the crafty guard decided to sign a deal with Reebok, which eventually ended up saving him. The footwear company inked a lifetime deal with Iverson that pays him $800,000 a year. The company also set up a trust fund for the point guard.

Due to the trust fund, Allen Iverson's net worth will skyrocket in 2030. More specifically, the former All-Star will become a multi-millionaire on June 7, 2030, as he will receive $32 million from the company.

You may be interested in reading: How does Allen Iverson's net worth compare to some of the yesteryear NBA legends that he played with including Carmelo Anthony, Chris Webber, and more?

Iverson was one of the most popular NBA players during his prime (Image via Getty Images)

Iverson is unable to access this money before his 55th birthday, which is not a bad thing. The Philadelphia 76ers legend has dealt with financial issues since he retired, so keeping this money away from him will drastically benefit him in the long run.

Iverson will have to split his Reebok money

Unfortunately, the 11-time All-Star will not get all $32 million in his own account. In 2010, during his last season in the NBA, Iverson's wife Tawanna filed for divorce. The divorce was finalized in 2013 and she will be entitled to half of the trust fund money.

You may be interested in reading: Did Allen Iverson play in Europe after leaving the NBA? Taking a closer look at one of NBA's change-makers

Allen Iverson will have to share the half of his trust fund with his ex-wife (Image via Getty Images)

Despite not being able to get the full amount of money, Allen Iverson will still drastically benefit from the trust fund. Considering that he's dealt with a lot of financial issues in the past, his 55th birthday will be incredible!