Former professional boxer Mike Tyson's meager net worth

ESTIMATED VALUE	2.5Million Euros
WEALTH AT CAREER PEAK	300million dollars
birth date	June 30, 1966 (56 years old)
Born in	Brooklyn, New York City, New York, United States
nationality	USA
Marital status	married to Lakiha Spicer (since 2009)
Profession	former boxing pro
Full name	Michael Gerard
nickname	Iron Mike, The Baddest Man on the Planet, Kid Dynamite
Children	8th

How rich is Mike Tyson really?

If you take a closer look at Mike Tyson‘s net worth , it becomes almost tragic. Because now only 2.5 million euros are left of the original 300 million US dollars . So it should be clear that Mike Tyson just can’t handle money. Because, at least financially, one of the best-known and most successful, but at the same time most controversial boxers of all time has relegated to being an everyday man. However, if you look at his life story, this fact is not particularly surprising.

Comeback against Roy Jones Jr.

On November 28, 2020, there was a boxing spectacle by the “oldies”: The two boxing legends Roy Jones Jr. (51) and Iron Mike (54) himself got into the ring and wanted to do it again. In an 8-round show fight, which was evaluated with a tie, real money should be earned again via pay-per-view payments. Iron Mike is said to have received $10 million in the process and another $50 million in pay-per-view revenue is expected. Allegedly, the boxer wants to donate the money. There should even be a 10-part documentary series about the two former world boxing champions. We are excited and happy to report on the earnings.

career

By the age of 13, Iron Mike had already been arrested 38 times. The boxer not only had a difficult start in life, but also had to accept numerous blows of fate, with the tragic death of his four-year-old daughter in 2009 being one of the worst. In addition, the boxer, who has since retired, was diagnosed with bipolar disorder, which may well have contributed to his difficult living conditions. The six-year prison sentence for rape, of which Tyson only served three years from 1992 to 1995, makes him a highly controversial public figure .

Investing in Cannabis – The Marijuana Farm in California

In early 2018, Iron Mike and three business partners founded their own cannabis ranch in California, where cannabis has been legal since early 2018. The “Tyson Ranch” is said to be about 16 hectares in size. About half of it is to be used for the breeding of cannabis. There will also be a school for breeders and a facility for extracting the active ingredient THC. In addition, other products are to be created around the marijuana plant. When the farm will officially open is still pending. The project will definitely put a lot of money back into the purse of the former boxing champ.

The financial downfall of Mike Tyson

If you take a closer look at Mike Tyson’s life story, his financial downfall is closely linked to his tragic life story. By 1988, Iron Mike had worked his way up to the top as a boxer. But the peak of his career did not last long. Because the divorce from Robin Givens made it difficult for him and Mike Tyson was also financially stricken. At the same time, the boxer took a few unwise steps that would change his boxing career forever. For example, many former Mike Tyson fans are wondering if sacking his coach Kevin Rooney in late 1988 was the wrong move. From then on, Mike Tyson just wasn’t the same boxer anymore.

As early as 1990 it was very clear that Tyson was in deep trouble. The boxer lost his fight to Buster Douglas on February 11, 1990 in Tokyo and was no longer the undisputed champion. Although Tyson was the world favorite to fight for the win, Kid Dynamite suffered the first KO of his career instead. Tyson simply couldn’t take the loss and slowly went downhill . Tyson was never able to regain his previous status as “the quintessential heavyweight boxer”. But he wouldn’t be Iron Mike if he didn’t keep boxing doggedly. In 1996 he regained the WBC and WBA world championship belts,However, she had to give back to his opponent Evander Holyfield in November of the same year.

The story of the bitten ear

In 1997 he wanted to try again with the rematch against Holyfield. After all, Mike Tyson received 30 million US dollars for this fight , which was also to be a black day in the boxer’s career. Tyson biting off a piece of Holyfield’s ear is probably one of those moments in boxing history that will not be easily forgotten. The fight was then stopped and Iron Mike was even disqualified. In addition, there was a fine of 3 million US dollars , which the biting boxer also had to cope with.

Even after the renewed defeat and the severe criticism because of the bitten ear, Irone Mike did not give in. After six more boxing matches (4 wins, 2 draws) he was again 1st challenger to the world champion title in 2002 and was allowed to compete against Lennox Lewis . This demonstrated his incredible strength and sent Mike Tyson to the boards in the 8th round. So the initially steep boxing career slowly came to an end.

Mike Tyson broke?

In the years that followed, Tyson spent lavishly on money he didn’t actually have. Many luxury stores simply gave Mike Tyson their goods and assumed that the boxer would pay for them later. After all, it was boxing legend Mike Tyson. But in many cases the payments never came. By 2003, the ex-boxer managed to squander his entire fortune of $300 million on completely useless things. When the IRS demanded $13.4 million from Tyson in 2003, the boxer was finally broke. The 4 million US dollar tax debt in Great Britain also drove Iron Mike into bankruptcy in the same year.