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Allen Iverson's net worth is estimated at only $1 million in 2022. While this may sound great for many people, it's far from good for someone who has made over $200 million during his career.
Standing at only six feet, Allen Iverson won the hearts of many basketball fans from all around the world. He was drafted in 1996 and took the league by storm, becoming its icon in just a few years.
Unfortunately, the Answer has struggled since his retirement from the league. Allen Iverson's net worth is shockingly low considering that he's earned $154.5 million from his NBA contracts and more than $60 million from endoresments.
This article will compare Allen Iverson's net worth to the net worth of some of his former teammates, including Carmelo Anthony and Chris Webber.
Allen Iverson's net worth is shockingly low
Allen Iverson is one of the greatest players in the history of the Philadelphia 76ers. He led the team to the 2001 NBA Finals, where he had an iconic stepover on Tyronn Lue. Unfortunately, the 76ers couldn't get the job done and were defeated by the LA Lakers in five games.
The point guard played his last NBA game in February 2010 and retired three years later. However, this is where real trouble began as Allen Iverson's net worth drastically decreased throughout the years.
The former MVP was used to a lavish lifestyle, which is why he struggled with money after his retirement. Despite his lucrative deal with Reebok, the Philadelphia 76ers legend had a lot of financial troubles in the past decade.
Iverson played with some amazing players during his impressive basketball career. However, all of them have managed to save money and invest it. Here are some of his former teammates and their net worth:
- Carmelo Anthony - $160 million
- Andre Iguodala - $80 million
- Chris Webber - $70 million
- Richard Hamilton - $50 million
- J.R. Smith - $35 million
Hamilton and Smith made less money from their NBA contracts than Allen Iverson. However, their net worth is much higher and they don't have to worry about their next paycheck.
Iverson's net worth will be much higher in the future
Allen Iverson was at the peak of his basketball career in 2001. He led the league in scoring with 31.1 points, and his 76ers were 56-26 in the 2000-01 season.
Back then, the point guard was one of the most marketable players in the league, which is why Reebok signed him to a lifetime deal.
The Reebok contract pays the former basketball superstar $800,000 per year. However, the footwear company also set aside $32 million that Allen Iverson will inherit on his 55th birthday.
Iverson is 47 and will receive $32 million on June 7, 2030. Unfortunately, his ex-wife Tawanna may be entitled to receive some of the money, so the former MVP may not end up receiving the full amount.
