Allen Iverson’s Trust Fund: 76ers Star Gets $30 Million In 2030
Allen Iverson’s trust fund ensures that the former Philadelphia 76ers star will get $30 million in the year 2030.
Iverson turned 45 years old on June 7, 2020. In exactly 10 years, he will be eligible to receive the fortune that was set aside for him.
For the vast majority of his NBA career, Iverson was one of the league’s highest-paid players. His annual salary eclipsed $20 million on multiple occasions and he made more than $154 million over the entirety of his playing career.
That being said, Iverson has had some notable financial issues. The former Sixers star has been described as “essentially bankrupt” on frequent occasions and is known to have struggled with drinking and gambling in the past.
Fortunately for him, as part of a deal Iverson signed with Reebok, a fund was set aside for him. That fund was considered a backup of sorts in case the NBA legend ran into precisely the sort of financial troubles he ultimately ran into.
Now, with his 45th birthday having come and gone, Iverson is officially just a decade away from inheriting $30 million on his 55th birthday in 2030.
Jennifer Withers Hoey is a former Business Development Manager who transitioned to writing about sports. With valuable connections all over the West Coast, she has used those contacts to break some of the most interesting stories pertaining to the Portland Trail Blazers, Oregon Ducks, LA Lakers, LA Clippers, Seattle Supersonics (RIP), and more.