TMZ has a break down on Allen Iverson’s monthly expensive and they greatly outweigh his income. Iverson reportedly brings in $62,500 a month but averages monthly expenses of $358,376.66 which leave him at about $295,876.66 in the whole every month. Check out where A.I.’s money is going and tell me he doesn’t need an intervention and a really good financial adviser ASAP!
A large chunk — $125,749.33 to be exact — is spent paying off various creditors (like his jeweler) … and some goes to his mortgages (but not for long, since his ATL crib is about to be auctioned off).
But Allen says he blows a lot on OTHER expenses too … like $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 … and so on.
All in all, Iverson — who reportedly made over $150 MILLION during his NBA career — says he ends up in the hole each month to tune of $295,876.66. Ouch.
Despite the mounting debt though, he’s still got his Maybach (which is fully paid off) … and reportedly worth between $340k – $400k.
I mean he COULD sell his Maybach since it’s already paid for but I’m sure the value is depreciating by the day. Not to mention, that won’t help a thing if he can’t get his monthly spending in order. Allen needs help!