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Allen Iverson

Buried in Bills ...

But Drives a Maybach

12/4/2012 12:30 AM PST BY TMZ STAFF
EXCLUSIVE

1202_allen_iverson_gettyFormer NBA star Allen Iverson is digging himself into a giant financial hole -- with monthly bills that largely outweigh his monthly income -- but the good news is ... he's still got his fancy-schmancy Maybach.

Allen recently filed docs in GA court as part of his nasty divorce battle with his ex Tawanna Iverson which outline his dire financial situation.

According to docs, Allen brings in $62,500 in monthly income, but his expenses are FAR, FAR, greater ... costing him a cool $358,376.66 PER MONTH!!!!

So where does all his money go?

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.

1202_maybachusa-com_CAR

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106 COMMENTS

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Previous 15 Comments | 1 | 2 | 3 | 4 | 5
61.

blackbutterfly    

Ghetto FAB... Cry me a river.

653 days ago
62.

Bellaca    

These rappers and athletes are some of the dumbest, shallowest, most worthless pieces of crap on the planet.

653 days ago
63.

Toallthehatersoftheworld    

Mr Allen your income in one month time is what a lot of people make In a year I'm going to need for u to pump your brakes spending all the money on clothes really u must never wash clothes I guess u just buy new ones.u have lots of kids to support be more wiser with your money u can live really nice off that type of money

653 days ago
64.

heather    

Thats rite. allen iverson

653 days ago
65.

g00dIes    

Luv me some A.I.

652 days ago
66.

quita    

JOSH is right - Iverson always had a huge entourage with him when he went anywhere. I live outside of Philly and when he played for the 76ers, there would always be sighting of him at TGIFriday's on City Line Ave shooting pool with about 12-15 buddies. Who do you think was paying for their drinks and food? And once the money is gone, these "friends" disappear. Paying for these moochers day in/day out, year after year adds up, in addition to his ridiculous spending. Really, do you forget where you came from. AI? He's a prime example of how athletes cannot manage their money and should be appointed an independent financial planner, maybe someone the team chooses for them.

652 days ago
67.

erasmus    

How much money do it take to live in america? Not all of us have 10k to spend on clothes every month. I have no pity for him. He should make better choices.

649 days ago
68.

erasmus    

There are 300million ppl in america. There's enuff money in this country to give each and every citizen a million a piece. Not only would that solve a lot of ppls economic problems but probly create some too.

649 days ago
69.

Minime85    

Dumb a$$!!! No other words for it

648 days ago
70.

Yakisaki    

It's what most Americans do: live outside their means. Gotta love it!

648 days ago
71.

JMO    

ok soooo uhhhhm.........$62,500 a month equals to $750,000 a year.....wtf? Id LOVE to make this a year!!!!!!

648 days ago
72.

dlmstl    

What happened to that high powered Georgetown education and degree?

648 days ago
73.

dlmstl    

Obviously has not used that fine education he received at Georgetown. Maybe his old coach's son could find a spot for him in his posse.

648 days ago
74.

buckybone    

Somebody could make a killing as his "financial advisor"...

584 days ago
75.

lorac odraned    

This guy is a punk,full of ugly tattoos and not a lick of common sense. How he made it through college,if he did, is beyond me! Practice, we talking about practice? What a selfish idiot!

582 days ago
Previous 15 Comments | 1 | 2 | 3 | 4 | 5

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