While former NBA star Allen Iverson is working through a nasty divorce with his ex Tawanna, the general public is getting a close look at how well horribly Iverson has dealt with the $150 million over his 17-year NBA career. Just because his playing career ended in 2010, his outrageous spending his continued.
Court documents show that Iverson is still bringing in $62,500 a month (somehow some way). But his monthly expenses remain about five times that – totaling $358,376.66…monthly expenses!
TMZ was on the case and broke down Iverson’s ridiculous spending pattern. Roughly a third of the $358K is used to pay off creditors – including a jeweler – and some go to mortgages (which includes an Atlanta mansion which will soon be foreclosed). But it gets worse.
“The Truth” reportedly spends an estimated $10,000/month on clothes, $10,000/month on grocery/house items, $1,000/month on dry cleaning, $5,000/month on entertainment, $5,000/month on restaurants.
So if you do the math and carry the one, Iverson is short about $296,000 per month.
And the kicker – he still drives a Maybach that he paid for in full that is reportedly worth $340k-$400K.