Allen Iverson Spent More Than $ 150 Million Before Going Bankrupt

Allen Iverson used to be one of the richest athletes in the world, but he still went bankrupt after retiring for wasteful money.

Allen Iverson has money and fame

“I don’t want to be like Michael Jordan, I don’t want to be Larry Bird or Isiah Thomas. I don’t want to be any of these legends. I want to look in the mirror and say I’ll play my way.”

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Iverson once declared proudly in the glorious years of such a career. Iverson really plays with different styles to become the top basketball superstar in the early 21st century.

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Iverson has plenty of talent and also made a lot of money while playing. Forbes magazine estimates that Iverson made more than $ 200 million in his career, including salaries and other sources of income outside the basketball pitch. However, Allen Iverson went bankrupt quickly after retiring due to extravagant spending habits.

Allen Iverson has money and fame in the glorious years of his career.
Allen Iverson has money and fame in the glorious years of his career.

How great is Allen Iverson?

Owning a small physique compared to the common ground of the tournament, but Allen Iverson still scored comfortably when facing tall players. Iverson’s brave and skillful playing skills made it easier for Iverson to score more than 25 points in each match. In the rookie season, Iverson soon made an impression and made basketball fans worldwide known for crossovers. (dribbling the ball and abruptly reversing by changing hands to overcome the defender) overcame Michael Jordan.

This crossover phase paves the way for the players to start boldly displaying a playful and full of dedication. Every child across the United States is also beginning to focus more on ball control so that they can perform crossovers as smoothly as Iverson does.

Allen Iverson’s career is almost perfect with many personal achievements, only missing the NBA championship. In the 2000/01 season, Iverson received the MVP title (best player) with an average of 31.1 points, 4.6 assists and 2.5 steals 71 matches. In addition, “The Answer” has 11 times featured in the NBA lineup and 4 times leading the season scoring list in the career.

The play of Allen Iverson overtaking Michael Jordan affects the tendency of playing football for many generations of players later.
The play of Allen Iverson overtaking Michael Jordan affects the tendency of playing football for many generations of players later.

The unique wild spending habit

About 60% of NBA players go bankrupt after retirement, but Iverson’s case is more special. He considers money as dust and has never thought about investing in the business. Allen Iverson once revealed that he earned $ 62,500, but spent up to $ 360,000 a month before going bankrupt.

In addition, Iverson always has a team of about 50 friends to accompany in the fun when he was rich. Iverson is generous when ready to take care of all expenses in the fun with friends and relatives. Even, Iverson does not spare money to buy expensive gifts such as supercars, jewelry, houses, and sponsor all travel expenses for them.

Allen Iverson was forced to file for bankruptcy after his lavish spending years in 2012.
Allen Iverson was forced to file for bankruptcy after his lavish spending years in 2012.

Former teammate Matt Barnes revealed Iverson usually spends about $ 40,000 each time he goes to strip clubs.

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Even the level of “burning” money of Iverson made fans shocked when they once discarded a driver just because they forgot the parking space. Later, Allen Iverson bought a new car instead of looking for a used box driver.

In 2012, Allen Iverson filed for bankruptcy after being unable to pay his $ 859,000 debt to a goldsmith. The best friends left Iverson then.

The case of Allen Iverson led many generations of athletes to take seriously the management of the money earned.