Friday, August 22, 2014
Inquirer Daily News

Iverson talkin' bout finance in divorce court. Says he loses $300K/month

Allen Iverson and wife Tawanna remain engaged in a bitter divorce and The Answer recently outlined his finances in court documents filed in Georgia, and claims he runs a defecit of close to $300K per month according to a TMZ report.

Iverson talkin' bout finance in divorce court. Says he loses $300K/month

Allen Iverson has been waiting to return to professional basketball since leaving Turkey last year. (Ron Cortes/Staff Photographer)
Allen Iverson has been waiting to return to professional basketball since leaving Turkey last year. (Ron Cortes/Staff Photographer)

Allen Iverson and wife Tawanna remain engaged in a bitter divorce and The Answer recently outlined his finances in court documents filed in Georgia, and claims he runs a deficit of close to $300K per month according to a TMZ report.

Iverson says monthly expenses cost him about $360,000 per month while he brings in income of $62,500 per month.

According to the court filings, Iverson pays more than $125,000 to assorted creditors including his jeweler, and also spends money on several mortgates, though as TMZ states, his Atlanta mansion is about to be auctioned off.

A.I. reports that he spends $10,000 a month on clothes, $10,000 on groceries, $1,000 on dry cleaning and $10,000 per month on restaurants (It’s unclear how much is spent at T.G.I. Friday’s) and entertainment.

Iverson, who earned about $150 million throughout his NBA career, still owns a Maybach valued at nearly $400,000.

What was wrong with the Bentleys in which he used to cruise around Philly?


About this blog
If you've got an insatiable appetite for the latest and greatest celebrity fodder, we've got your fix! Our Celebrities & Gossip blog highlights breaking local and national celebrity news.

Molly Eichel
Latest Videos:
Also on Philly.com:
Stay Connected