Net Worth Of Former Professional Boxer Mike Tyson
| ESTIMATED VALUE | 2.5 Million Euros approx $2.7 million |
| WEALTH AT THE CAREER PEAK | 300 Million US Dollars |
| Date Of Birth | June 30, 1966 (57 years old) |
| Born In | Brooklyn, New York City, New York, USA |
| Nationality | USA |
| Spouse | Lakiha Spicer (m. 2009), Monica Turner (m. 1997–2003), Robin Givens (m. 1988–1989) |
| Profession | Former Professional Boxer |
| Full Name | Michael Gerard |
| Nicknamed | Iron Mike, The Baddest Man on the Planet, Kid Dynamite |
| Children | 8 |
| Weight Height | 100 kg 1.78 m |
mike tyson net worth
When one takes a closer look at Mike Tyson’s net worth, it takes on almost tragic dimensions. Of the once 300 million US dollars, only 2.5 million euros are left. It is clear that Mike Tyson simply cannot handle money. Financially, one of the most renowned and successful, yet controversial, boxers of all time has descended to an ordinary man. However, considering his life story, this circumstance is not particularly surprising.
Comeback against Roy Jones Jr.
On November 28, 2020, a boxing spectacle featuring the ‘oldies’ took place: the two boxing legends Roy Jones Jr. (51) and Iron Mike himself (54) stepped into the ring for one last showdown. In an 8-round exhibition fight, which ended in a draw, they aimed to make significant earnings through pay-per-view payments.
Iron Mike reportedly received 10 million US dollars, with an additional expectation of 50 million US dollars in pay-per-view revenue. Allegedly, the boxer plans to donate the money. There are even rumors of a 10-part documentary series about the two former boxing world champions. We are eager to follow and report on the developments.
Mike’s Career
At the age of 13, Iron Mike had already been arrested 38 times. The boxer not only had a challenging start in life but also endured numerous tragedies, with the tragic death of his four-year-old daughter in 2009 likely being one of the worst. Additionally, the now-retired boxer was diagnosed with bipolar disorder, which undoubtedly contributed to his challenging life circumstances.
The controversial figure of public life also faced a six-year prison sentence for rape, of which Tyson served only three years from 1992 to 1995.
Cannabis – The marijuana farm in California
In early 2018, Iron Mike, along with three business partners, founded his own cannabis ranch in California, where cannabis had been legalized since the beginning of that year. The ‘Tyson Ranch’ is reported to be approximately 16 hectares, with about half of it dedicated to cannabis cultivation.
The facility will include a school for growers and a facility for extracting the THC compound. Additionally, various products related to the marijuana plant are expected to be developed. The official opening date of the farm is yet to be announced, but the project is bound to bring substantial revenue into the pockets of the former boxing champion.
The Financial Downfall of Mike Tyson
When examining the life story of Mike Tyson, his financial downfall is closely intertwined with his tragic personal history. By the year 1988, Iron Mike had risen to the top of the boxing world. However, the peak of his career was short-lived. His divorce from Robin Givens took a heavy toll on him, both emotionally and financially.
Simultaneously, Tyson made some unwise decisions that would profoundly alter his boxing career. Many former fans of Mike Tyson question, for example, whether the dismissal of his trainer Kevin Rooney at the end of 1988 was the wrong move. From then on, Mike Tyson was simply not the same boxer.
As early as 1990, it was abundantly clear that Tyson was in significant trouble. The boxer lost his match against Buster Douglas on February 11, 1990, in Tokyo, marking the end of his reign as the undisputed champion. Despite being widely considered the absolute favorite for victory worldwide, Kid Dynamite suffered the first knockout of his career instead.
This defeat was simply unbearable for Tyson, and his decline began. He could never reclaim his previous status as ‘the heavyweight boxer par excellence.’ However, true to his resilient nature, Iron Mike continued to box relentlessly. In 1996, he reclaimed the WBC and WBA world champion belts, only to surrender them again to his opponent Evander Holyfield in the same year.
The story of the bitten ear
In 1997, he attempted a rematch against Holyfield. Mike Tyson pocketed a hefty $30 million for this fight, which, unfortunately, turned out to be another dark day in the boxer’s career. Tyson biting a piece of Holyfield’s ear off is undoubtedly one of those moments in boxing history that won’t be easily forgotten. The fight was subsequently interrupted, and Iron Mike was even disqualified. Additionally, the biting boxer had to cope with a $3 million fine.
Even after the subsequent defeat and heavy criticism for the bitten ear incident, Iron Mike didn’t give up. After six more boxing matches (4 wins, 2 draws), he once again became the 1st challenger for the world champion title in 2002 and faced Lennox Lewis. Lewis showcased his incredible strength, sending Mike Tyson to the canvas in the 8th round. Thus, the initially illustrious boxing career slowly came to an end.
Is Mike Tyson Bankrupt?
In the following years, Tyson lavishly spent money he didn’t actually have, and many luxury shops handed over their goods to Mike Tyson, assuming the boxer would pay for them later. After all, he was the boxing legend Mike Tyson.
However, payments in many cases never came. By the year 2003, the former boxer managed to squander his entire fortune of $300 million on completely useless things. When the IRS, the U.S. Internal Revenue Service, demanded $13.4 million from Tyson in 2003, the boxer was officially bankrupt. Additionally, the £4 million tax debts in the UK also led Iron Mike into insolvency in the same year.
