Allen Iverson is a retired American professional basketball player who has a net worth of $1 million dollars.

After earning more than $200 million from salary and endorsements during his career, overspending, a divorce, and general life challenges have had a serious impact on Allen's finances. 

 In the paragraphs below, we detail Allen's financial troubles, legal problems, and infamous Reebok trust fund.

Allen Iverson was born on June 7, 1975, in Hampton, Virginia to a 15-year-old single mother, Ann Iverson. 

His father, Allen Broughton, left the family when he was young. He grew up in the projects of Hampton surrounded by drugs and crime in the background. 

He was beloved by the neighborhood kids and childhood friends often described him as looking out for the younger kids. 

Iverson attended Bethel High School and started as the quarterback for the football team. Iverson also played for the basketball team.

He briefly attended Georgetown University before being drafted by the Philadelphia 76ers in 1996. He eventually went on to become an 11-time NBA all-star and one of the greatest point guards of all time.