Allen Iverson

It’s quite a career for the former NBA player, Allen Iverson. After a brief time at Georgetown University, he was immediately drafted by the Philadelphia 76ers in 1996. Due to his innate talents and undeniable skills, he was greatly considered by many as one of the best point guards in history and also became an 11-time NBA all-star. For more than a decade of playing, Iverson earned more than $200 million.

Since his retirement in 2013, it’s been a rough ride for the legend. With his unlawful spending, like treating his friends and families and paying his lawyer for his legal battles, his 2020 net worth plummeted to just a mere million dollars. Aside from separating from his wife and possession of illegal substances, he’s also called after the court for his $860,000 jewelry debt. Thankfully, he’s able to crack a deal with Reebok in 2001, wherein it will pay him $800,000 annually for life, apart from the trust fund amounting to $32 million that he could only access in 2030 when he’s 55 years old.