Shattered Dreams: 7 Reasons Why Allen Iverson Went Broke

Shattered Dreams: 7 Reasons Why Allen Iverson Went Broke

- By Bossip Staff
2 of 17

Financially-reckless

He traveled everywhere with a 50-person entourage and showered “friends”/family with extravagant gifts, houses, cars and boats they’ll never use. Every day, he woke up, hungover, in a new Bugatti, Bentley or Maybach and blew millions on jewelry and lavish mansions.

His monthly expenses AFTER declaring for Bankruptcy? $10,000/month on clothes. $10,000/month on groceries. $10,000/month on entertainment/dining out. $1,000/month on dry cleaning.

Pro athletes and rappers learn from MC Hammer? Nope.

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