Allen Iverson Made $200,000,000
No player in NBA history did the “live fast and go broke” thing better than Allen Iverson. But Iverson had a very unique way of spending his cash. Few athletes in sports history were as generous, yet totally reckless as “The Answer.” There were numerous stories of Iverson giving homeless people in Philadelphia large wads of hundred dollar bills, because he said he’d likely be one of them if not for basketball.
He then spent $4.5 million on a gated estate in Atlanta that spanned almost 10,000 square feet, featuring a gourmet kitchen (which rarely got used), a massive bar, and gutters made from pure copper. Iverson refused to employ any financial advisors after he became wealthy. At a divorce hearing in 2012, he told the court he didn’t even have enough money for a cheeseburger.