7. Allen Iverson – $1 million
Allen Iverson is another athlete whose large living caught up with him. Are you ready for the staggering amount of money he received during his 15 season career? $154 MILLION. That is so much money! How did he lose this much money? In retirement, he kept living like he was the hottest athlete in professional sports. Sources report that he spent $10,000 a month for clothes, household items, and entertainment (for a total of $30,000/ month). That isn’t even counting all the money he owed on various mortgages, etc. In 2030, a $30 million trust fund will open to him, so things aren’t that bad. But for the next fourteen years, Iverson will have to live sparingly, not like the king he’s used to being.
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