Mike Tyson Net worth
In the world of entertainment and boxing, Mike Tyson is one of the world famous boxer. Mike Tyson was a fearsome fighter who knocked out many men and won many belts in heavyweights. Despite achieving massive net worth, Tyson also lost it all. Before going through Mike Tyson net worth, lets briefly give little personal background of Mike Tyson.
At Early age
M. G . Tyson was born June 30, 1966 is an American former professional boxer who competed from 1985 to 2005. He reigned as the undisputed world heavyweight champion and holds the record as the youngest boxer to win a heavyweight title, at 20 years, four months, and 22 days old. Tyson won his first 19 professional fights by knockout, 12 of them in the first round. He won the WBC title in 1986 after stopping Trevor Berbick in the second round, and added the WBA and IBF titles after defeating James Smith and Tony Tucker in 1987. This made Tyson the first heavyweight boxer to simultaneously hold the WBA, WBC and IBF titles, and the only heavyweight to successively unify them.
Michael Gerard Tyson became the lineal champion in 1988 when he knocked out Michael Spinks in 91 seconds of the first round. He successfully defended his titles nine times, which included victories over Larry Holmes and Frank Bruno. In 1990, Tyson lost the titles to underdog Buster Douglas, who knocked him out in the tenth round. Attempting to regain the titles, Tyson defeated Donovan Ruddock twice in 1991, but pulled out of a fight with then-undisputed heavyweight champion Evander Holyfield (who had defeated Douglas later in 1990) due to a rib injury.
Michael Gerard Tyson was a christian but later converted to Islam and adopted the Muslim name Malik Abdul during his incarceration after he was convicted for rape and sentenced to six years in prison in 1992, although he was released in parole after three years. However, some other sources reported this name as Malik Shabazz. After his release in 1995, he engaged in a series of comeback fights. He won the WBC and WBA titles in 1996, after stopping Frank Bruno and Bruce Seldon. With his defeat of Bruno, Tyson joined Floyd Patterson, Muhammad Ali, Tim Witherspoon, Evander Holyfield, and George Foreman as the only men in boxing history to have regained a heavyweight championship after having lost it. After being stripped of the WBC title in the same year, Tyson lost the WBA title to Evander Holyfield by an eleventh round stoppage. Their 1997 rematch ended when Tyson was disqualified for biting Holyfield’s ears.
Mike Tyson net worth
At the peak of his popularity, Mike Tyson had it all. He was not only the undisputed heavyweight champion of the world, a famous and dangerous household name, but also a multi-millionaire. When all of his winnings were added up, Tyson made almost $700 million from his boxing fights alone.
In 2002, Tyson fought for the world heavyweight title again at the age of 35, losing by knockout to Lennox Lewis. Tyson retired from professional boxing in 2006, after being knocked out in consecutive matches against journeymen Danny Williams and Kevin McBride. Tyson declared bankruptcy in 2003, despite having received over $30 million for several of his fights and $300 million during his career.
Mike Tyson is estimated to have accrued over $300million throughout his boxing career, but ended up losing it all. Forbes claim his total career earnings could even have been as high as $685million.
Like many sporting superstars, Tyson spent his money as quickly as he earned it on big expensive houses, flashy cars and even pet tigers.
The 53-year-old has been divorced twice, now on his third marriage and has a total of eight children.He also served three years in prison after being convicted of rape in 1992.
In 2003, Tyson was forced to file for bankruptcy, with media at the time reporting he had $23m worth of debt. However, as of 2020 Tyson’s net worth is estimated to be just $3m, according to Wealthy Gorilla.