Have you ever wondered how Allen Iverson built his net worth? If you’re a fan of professional basketball, odds are you have heard of him. Regarded as one of the most legendary players to ever step foot on the court, the man definitely has quite the resume. As of August 2022, Allen Iverson has a net worth of $1 million. In this post, we’ll show you how the basketball legend made his millions, and what you can learn from his story!
Allen Iverson was born on June 7, 1975, in Hampton, Virginia. He was born to a single 15-year-old mother, his father leaving him before he was born. During his childhood years in Hampton, Iverson was given the nickname “Bubba Chuck.”
He got this nickname due to defending and sticking up for his friends at school in the rough town. Consequently, Allen Iverson ran into a number of troubles while growing up.
Thankfully, the young boy showed an incredible talent for sports starting at a very young age. Hence, Allen Iverson was able to play varsity football and basketball his first year in high school! Furthermore, Iverson took his team to both basketball and football championships in Virginia.
It had seemed that every college scout in the nation had their eyes set on the young talent. To Iverson and his mother, this was an escape from their reality.
Things, unfortunately, took a sour turn when Allen Iverson landed a 15-year prison sentence at the age of 18. Iverson had been at a local bowling alley with some of his high school friends when a group nearby began to disturb them.
This quickly led to a physical bout and Iverson was arrested and detained that day. After two years, he was cleared of all charges. Allen Iverson quickly finished high school afterward and focused on the next big step of his career.
After becoming NCAA eligible, scouts across the country sent Iverson offers to join their college. To both Iverson and his mother, this was once again their only chance to escape their neighborhood. Unsurprisingly, Iverson signed for Georgetown University’s basketball team! Filled with delight, the small family finally saw a ray of light at the end of an otherwise dark tunnel.
In his first season at Georgetown in 1994, Iverson won the Big East Rookie of the Year Award. Additionally, he was named to the All-Rookie Tournament First Team! These were incredible accomplishments for a player at his level.
NBA scouts across the country definitely began to take notice. That season, Iverson led his team to the Sweet 16 of the NCAA tournament. Here, they lost to the North Carolina Tar Heels.
In his second and last season in 1995, Iverson led his team all the way to the Elite Eight round of the NCAA tournament, where they lost to the Massachusetts Minutemen. He ended his college career as the Hoyas’ all-time leader in career scoring average, at 22.9 points per game.
Iverson was named a first-team All-American. Iverson was also named the Big East Defensive Player of the Year in each of his two seasons at Georgetown.
Following his sophomore year, Iverson declared for the 1996 NBA draft. This was an incredible accomplishment at the time. The reason for this, no other student at Georgetown had ever left early for the NBA.
Unsurprisingly, he was selected as the first-round overall pick for the Philadelphia 76ers. Here, he would go off to create one of the most historic NBA dynasties of all time.
When he had first joined the 76ers they had just finished a horrible season, ending with 18 wins to 64 losses. Because of this, it was seen as Allen Iverson’s responsibility to help flip the franchise around. And this, he certainly did.
Iverson proceeded to do what he has always done best, play the game of basketball. In his NBA debut alone, the young star dropped an incredible 30 points! It was no question he was a force to be reckoned with.
Iverson arguably had his most successful season in the year 2000. The star led his team to an incredible start, netting a 10-0 record. Additionally, Iverson was named a starter on the 2000-2001 NBA All-Star Team! Considering all the legendary names still playing at the time, this was a difficult task. Shaquille O’Neal and Kobe Bryant also participated in this game, to name a few!
Allen Iverson Net Worth 2022
As of August 2022, Allen Iverson has a net worth of $1 million. While this may seem like a small sum compared to his career-long earnings, it’s worth noting he has roughly $32 million dollars locked up in a “Reebok Fund.” The star’s lavish lifestyle and maintenance of family member expenses have led Iverson to drop back down to this modest net worth of one million.
Despite where his net worth may stand today, it’s estimated that Allen Iverson has made roughly $150 million dollars during his fourteen-year stay in the NBA.
- Leverage Your Talents: Thankfully for Allen Iverson, his talents within sports were obvious at a very young age. Because of this, he was able to continue nurturing his strongest talents until he finally made it. Similarly, it’s important that we recognize our own talents as soon as possible and focus on leveraging them in any way we can!
- Never Give Up: At many times in his life, Allen Iverson surely felt like he needed to quit or take a break from pursuing his lifelong dreams. Had he done either of these for an extended period of time, the NBA legend may never had such a lucrative and successful career. Because of this, we as well should never give up on our dreams and sights for the future.
- Not All Good Things Last Forever: Respectfully, we can take away from Iverson’s story that handsome net worths are not automatically there to stay. Like all good things in life, we need to preserve it and continue to grow as individuals. Even if we get a taste of success, it’s important to remember to always keep pushing!