Friday, April 06, 2012

Man Bites Dog -- Allen Iverson NOT In Bad Financial Condition!?!?

http://thehoopdoctors.com/online2/2012/03/allen-iverson-is-far-from-bankrupt/

He has $32MM in a trust and gets roughly a 3% return per year to help him live, and he won't get to take out the $32MM until he turns 55!!!

Whoever his agent and financial advisor is/was, is a GENIUS!!! Iverson made approximately $160MM in NBA salary, so $80MM after taxes. Having saved $32MM given his reported entourage and lifestyle is pretty awesome work.

Good job, AI.

No comments: