Mike Tyson is a former world heavyweight champion, considered one of the greatest boxers of all time. At one point in his career, he was worth $300 million. But lavish spending and some bad financial decisions have caused him to lose it. He even filed for bankruptcy in 2003, at that point being $23 million in debt.
Mike Tyson Net Worth – $3 million ($300 million at the peak of his career)
How Did Mike Tyson make his money & wealth
Mike Tyson was born in Brooklyn, New York on June 30, 1966. His father abandoned the family when Mike was 2 years old. In his teenage years, Mike did a lot of petty crimes, and got in fights with people who made fun of his lisp. He was arrested 38 times by the time he was 13, and soon ended up in juvenile prison. There, his boxing abilities were noticed by a juvenile detention councilor who was also a former boxer. He introduced him to legendary boxing trainer Cus D’Amato, who became Mike’s manager, trainer and father figure. When Mike’s mother died when he was 16, D’Amato also became Mike’s legal guardian.
As a fighter, Mike’s biggest qualities were his speed and his strength, which made a lot of fighters intimidated by him. He also had great coordination, timing and accuracy. He boxed with his hands high, in the Peek-a-Boo style created by Cus D’Amato. His trademark combination included a right hook shot low at the body followed up with another right handed uppercut to the jaw. This combo knocked out many of his opponents, such as Lorenzo Boyd, Jose Ribalta and Jesse Ferguson.
From 1987 to 1990, Tyson was the undisputed world heavyweight champion, winning fight after fight and earning millions. He won the WBC title in November 1986 at the young age of twenty and became the youngest heavyweight champion in history. He then went on to win the WBA title from James Smith, and beating Tony Tucker for the IBF championship. He cemented his position as the best in the world, by winning against fighters like Pinklon Thomas, Tony Tubbs, Tyrell Biggs, Larry Holmes, and Michael Spinks.
But outside the ring, Mike’s life was more complicated. His first marriage ended in divorce. He was jailed for rape from 1992 to 1995, then again for assault from On February 5, 1999 to 2000. He regained his WBC heavyweight title in 1996. He then won the WBA crown by beating Bruce Seldon, but lost Evander Holyfield in November 1996.
In the 1997 rematch, he bit a chunk of Holyfield’s ear of, which remains one of the most controversial events in sports history. He was fined $3 million and had his boxing license suspended until 1998. He then went back to boxing, winning some fights, losing others, until he retired in 2005, saying he “lost the passion for the sport.”
Mike Tyson Personal Life & FAQ’s
Is Mike Tyson married?
Mike Tyson was married three times. First to actress Robin Givens which lasted just over a year during 1988-1989. He then married Monica Turner on April 19, 1997, with whom he had two children: son Amir, and daughter Rayna. The marriage ended on January 14, 2003. In the divorce, Turner cited Tyson’s infidelity as the main reason for the split. On June 6, 2009, Tyson married his longtime girlfriend Lakiha “Kiki” Spicer. They have two children: daughter, Milan, and son, Morocco.
Mike Tyson Salary & Annual Earnings in 2016
Now retired from boxing, Mike’s primary source of income is his acting career. His recent credits include the Entourage movie, Ip Man 3, and the Mike Tyson Mysteries. This earns him about $2 million per year.
How much money did Mike Tyson make per fight?
At the peak of his career, Mike Tyson made over $20 million per fight. The most he got paid was $30 million, for his second fight against Evander Holyfield on June 28, 1997.
Mike Tyson’s House
On December 28, 2015, Mike bought a $2.5 million mansion in a gated community in Henderson, Nevada. The 8,149 square-foot mansion is two stories, has six bedrooms, a wine cellar able to hold 100 bottles, marble flooring, a grand entry, and lush landscaping. The back-yard is composed of a big pool, a multi-level fountain, several lounge areas and a fireplace.
Mike Tyson’s Cars
Rumor has it that Mike Tyson bought over 200 cars throughout his career, totaling at $4,5 million. Many were bought for himself and others as gifts for his friends and family. One of his memorable purchases is a $500,000 420-horsepower Bentley Continental SC, one of only 73 Bentleys of its kind to have ever been built. He has owned multiple Ferraris, Lamborghinis and Bentleys in his lifetime.
Charity work and philanthropy
In 2012, Mike Tyson launched “The Mike Tyson Cares Foundation.” The organization’s works with kids from broken homes, providing them with healthcare assistance, shelter, school assistance, mentoring and job placement assistance.
Mike Tyson Accomplishments
He was the youngest heavyweight champion in history, at the age of 20 years and 4 months. He was the first heavyweight boxer to take down the 3 “Big Belts” – WBA, WBC, and IBF – at the same time. On June 12, 2011, Tyson was inducted to the International Boxing Hall of Fame.