Mike Tyson Net Worth: Rise and Fall, Boxing Career & Lifestyle

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Michael Gerard Tyson, professionally known as Mike Tyson, has a net worth of $10 million.

Mike was one of the most well-known and well-paid athletes on the planet during his prime.

Tyson made a lot of money by knocking people out with his fists.

 

Michael Gerard Tyson

He became the youngest champion in history when he was just 20 years of age.

Regrettably, he squandered and was defrauded out of a personal wealth that peaked at $300 million.

Tyson squandered his millions on costly and luxurious items such as automobiles, mansions, and jewelry.

He even spent a lot of money on Siberian tigers, including their care and maintenance.

Quick Facts

Let’s have a quick look at facts related to Mike Tyson:

Full NameMichael Gerard Tyson
Nickname“Iron Mike,” “Kid Dynamite,” “The Baddest Man on the Planet”
Net Worth$10 million
Career Earnings$430 million
Date of BirthJune 30, 1966
Age 57 years old
Place of Birth Brownsville, Brooklyn, New York City
Zodiac Sign Cancer
ReligionIslam
Nationality                         American
EthnicityOne-fourth Caucasian
Languages SpokenEnglish
EducationTryon School for Boys in Johnstown, New York.

Central State University

FatherJimmy Kirkpatrick
MotherLorna Mae (Smith) Tyson
SiblingsRodney (Older Brother)
OffspringMikey Lorna Tyson (30), Rayna Tyson (24), Amir Tyson (22), Miguel Tyson(18), Milan Tyson  (12), and Morocco Tyson (9)
Height1.80 m, (5 ft 11 in)
Weight218 pounds (99 kg)
Eye ColorDark Brown
Hair ColorBald
Sexual OrientationStraight
Marital StatusMarried
RelationshipLakhia Spicer (Wife)
Hobbies Pigeon Racing
ProfessionAmerican Former Professional Boxer
Win/Loss50/6
Endorsements Smart Cups, Parimatch, Manscaped, CopperGel
Social MediaInstagram, Twitter
PhilanthropyLaureus Sport for Good foundation

Mike Tyson Cares Foundation

MerchSigned Baseball Card, Mike Tyson & Evander Holyfield Signed Left Black Boxing Glove, Mike Tyson Autographed Everlast Red Boxing Glove, Mike Tyson Signed Leaf Trading Card, Mike Tyson Autographed Signed Boxing Trunks
Last Update August, 2023

Mike Tyson: Net Worth and Income

Michael Gerard Tyson, better known by his stage name Mike Tyson, has a net worth of $10 million.

Over the course of his 20-year boxing career, Tyson earned about $400 million. When adjusted for inflation, that figure comes to just over $700 million.

However, he lost the majority of that money due to lawsuits and being a big spender, which included buying costly residences, automobiles, and, of course, the enormous cats he possessed.

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Tyson filed for bankruptcy in 2003, owing $23 million in debt, according to reports.

Mike Tyson won his first heavyweight title in 1986, defeating Trevor Berbick in the second round to become the sport’s youngest heavyweight champion.

Tyson signed a $27 million eight-fight agreement with HBO the following year.

Following that pact, he secured a long-term deal with Showtime worth $120-million, including several of his most well-known fights, including both of his battles with Evander Holyfield.

Despite losing more than $400 million in his lifetime earnings, Iron Mike appears to have regained his fortunes and is now living a better life.

The following are his top ten fight payouts:

SR.No.FightsPurseYear
1Lennox Lewis$35 Million2002
2Bruce Sheldon$35 million1996
3Frank Bruno$35 million1996
4Julius Francis$30 million2000
5Kevin McBride$30 million2005
6Evander Holyfield$30 million1997
7Evander Holyfield$30 Million1996
8Peter McNeeley$30 million1995
9Donovan Ruddock$30 Million1991
10Danny Williams$27 Million2004

Net Worth of Mike Tyson in Different Currencies

Let’s look into Mike Tyson’s net worth in different currencies as of [current year].

CurrencyNet Worth
Euro€8,432,550
Pound Sterling£7,231,950
Australian DollarA$13,381,240
Canadian DollarC$ 12,494,150
Indian Rupee₹ 745,407,000
BitCoin฿305.61

You might want to see: Dan Bilzerian’s Rich Lifestyle.

Mike Tyson: Houses and Cars

Houses

Mike Tyson resides in the Seven Hills gated golf-course enclave in the Henderson suburbs of Las Vegas, Nevada, in a Mediterranean-style home.

When he bought the mansion in 2016, the famed boxer paid $2.5 million for it.

The second level has a wrought iron staircase leading to six bedrooms and six-and-a-half bathrooms, one of which is a step-in tub in the master suite.

A fireplace and a private balcony are also included in the suite.

A large living room, a center-island kitchen with a wet bar and wine closet, a family room with a wine cellar, an office, a dining hall with window walls, and a great room with a bar is among the house’s common areas.

mike tyson tdy home tease aeTyson’s mansion in Las Vegas, Nevada

Outdoors, there’s a lagoon-style swimming pool, a Jacuzzi, a grilling area, a fountain area with a fireplace, and gorgeous plants all around.

Mike Tyson had moved around a lot, especially when his boxing career was at its peak.

He began in a small Brooklyn apartment and eventually moved to a five-bedroom home in Ohio with a Jacuzzi, basketball courts, and tiger cages for his pet.

Mike Tyson was compelled to sell the mansion in 1999 for $1.1 million.

Cars

Tyson appears to have spent some of his huge riches from the 1990s on some magnificent old vehicles.

Here’s everything we know about his collection so far.

Bentley Continental SC

Mike chose a Bentley Continental SC, and he paid a stunning $300,000 for one of just 73 units ever made.

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Mike TysonBentley Continental SC

The Bentley Continental SC is both opulent and athletic.

It boasts great handling that makes maneuvering at high speeds a breeze, and it has up to 400 horsepower.

Jaguar XJ220

Mike embarked on a spending binge after he was defeated, purchasing a new Jaguar XJ220.

Mike TysonMike Tysons Jaguar XJ220

The car was equipped with a powerful V12 engine that allowed it to go from 0 to 60 miles per hour in less than 6 seconds.

 Ferrari 456 GT Spyder

Few people can claim to have the Sultan of Brunei’s taste in automobiles, but Mike Tyson is no ordinary man.

Mike Tyson and the eccentric sultan possess the Ferrari 456 GT Spyder for a reason.

Mike TysonFerrari 456 GT Spyder

It certainly is one of the most extravagant Ferrari grand tourers ever produced.

Pininfarina, a renowned design studio, developed the car, and it was one of the quickest cars in the world at the time.

It has a top speed of 186 mph and can accelerate from 0 to 60 mph in less than five seconds.

Mike appears to prefer large, raised cars to low-slung, rapid cars, based on this list.

There are rumors that he possesses a significant number of cars, most of them are sportier.

Here are some of the other automobiles that have been rumored to be in his garage:

Ferrari F50, Mercedes Benz SL-Class 560SL, Rolls Royce Corniche, Rolls Royce Silver Spur, Lamborghini  Super Diablo Twin Turbo.

Mike Tyson: Lifestyle

Tyson is usually considered one of the greatest boxers of all time, and his resume supports this claim.

Mike’s remarkable skill and thrilling fighting style made him a must-see television personality.

Tyson received more money and attention than he knew what to do with his rapid ascent to fame.

He went bankrupt in 2003 as a result of a series of poor personal and financial decisions, but his fortunes changed once he landed a small role in The Hangover.

Tyson has taken a different path since then, and many have compared him to a spiritual guru.

Tyson’s extravagant spending habits should come as no surprise to anyone who knows him.

After being freed from prison, the Hangover star famously purchased several tigers, but he has even more bizarre stories.

He once lost a $7 million diamond necklace, gave away 17 of his own cars, and even purchased a solid gold bathtub.

Few stories, however, compared to the time he blew $1.15 million within only two hours.

Mike Tyson: Investments and Endorsements

Investments

Mike Tyson has spent his time since retiring from boxing focusing on his own enterprises, one of which is a cannabis farm.

His business is known as ‘Tyson Ranch,’ and it is based in California, where marijuana use has been legal since 2016.

Tyson earns a whopping 500,000 dollars each month from the aforementioned firm, despite admitting that he spends roughly 40,000 dollars on marijuana for himself and his guests on multiple occasions.

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Before starting his own marijuana business, he was on the verge of bankruptcy.

Endorsements

Mike Tyson was bound to become a great target for marketers and organizations trying to sell him for promotional initiatives, given his celebrity and vast fan base.

When Tyson became the world’s youngest heavyweight champion in 1986, he received endorsement deals from major companies such as Pepsi, Nintendo, Eastman Kodak, and EA Sports, to mention a few.

When it was revealed that Tyson was striking his then-wife Robin Givens, sponsors automatically distanced themselves from him.

His appearances improved Tyson’s public image in several films and television shows, which led to additional endorsements.

Smart Cups, Parimatch, Manscaped, and CopperGel are some of his most recent deals.

Mike Tyson: Movies and TV Shows

Movies

Tyson, who has been dubbed “the most outrageous character in contemporary sports history” by ESPN, has appeared in various popular media, either as a cameo or as a target of parody or ridicule.

The following is a list of movies in which Tyson has appeared:

TV Shows

Mike Tyson, both inside and outside the ring, is a formidable and divisive figure. Tyson isn’t just a former boxing legend; he’s also a well-known personality in the television and film industries.

He has been in a number of well-known television shows, which are listed below:

Facts about Mike Tyson

  • As a child, he was a frequent subject of bullying. He developed his own form of street fighting to deal with this, which led to criminal behavior. He’d been arrested 38 times by the time he was 13 years old.
  • Tyson spent $100 on his colony of pigeons when he was ten years old, but his enthusiasm for birds has never faded. He even hosted a show called Taking On Tyson on Animal Planet about birds.
  • He surpassed Michael Jordan as the highest-paid athlete in the world in 1990, earning $28.6 million. However, due to his privileged lifestyle, he was forced into bankruptcy in 2003 and currently has a net worth of $10 million.

FAQs

What’s Mike Tyson’s boxing record?

The boxer has 50 victories (44 KOs), six losses, and two no contests.

How long was Tyson in jail?

Tyson was sentenced for rape in 1992 and sentenced to six years in prison, but he was released after three years on parole.

Who would win Muhammad Ali or Mike Tyson?

When it comes to foot speed, Ali is the clear winner.

He had the kind of speed that a man his size wouldn’t typically have.

Ali possessed quick hands as well, but they weren’t quite as deadly as his foot quickness.

Categories: Net Worth
Source: ASIA EDU

Madhuri Shetty
Manoj Gadtaula

Manoj Gadtaula is a young Indian man from Mangalore who is constantly on the lookout for new things and loves to explore. Madhuri has a great passion for helping others and motivating people. She researched the careers, biographies, lifestyles, and net worths of celebrities..

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