Lifestyle

Allen Iverson’s $3M divorce settlement from ex-wife and $2M custom mansion

Allen Iverson never had much business acumen. AI gained $150 million over 14 seasons but lost virtually all of it due to bad financial planning and excessive spending.

 

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Iverson never invested or endorsed like Kobe Bryant, Shaquille O’Neal, Dwyane Wade, and others. He spent a lot of his multimillion-dollar riches by being overly kind.

He took his whole team partying or to other activities regularly. His team occasionally numbered 50. This explains why one night may have cost him $10,000–20,000.

Read: Allen Iverson, Who Earned $200 Million, Spent $4000 to Become a “Philadelphia hero”

Allen Iverson’s bespoke house lost $2 million.
In the late 2000s, Allen Iverson and his wife bought a bespoke Atlanta house. Building and modifying the home cost $4.5 million.

Four years later, the bank bought the home for $2.5 million, costing Iverson $2 million. The bank foreclosed on his residence. AI tried to sell the home to the highest bidder, but it failed.

While divorcing Tawanna Turner, this occurred. The divorce settlement included $3 million from the 2001 MVP.

Reebok manages Iverson’s finances.
Allen Iverson’s money account is stable because to his lifelong Reebok contract. The lifetime pact pays him $800,000 annually.

They also have a $32 million fund for him that he may access at 55, eight years from now.