Mike Tyson Profile Summary
| Name | Mike Tyson |
|---|---|
| Birth Name | Michael Gerard Tyson |
| Height | 1.78 m |
| Hair Colour | Black |
| Eye Colour | Brown |
| Residence | Las Vegas |
| Nationality | American |
| Place of Birth | Fort Greene, New York |
| Religion | Unknown |
| Ethnicity | African American |
| Profession | Retired boxer |
| Source of wealth | Boxing |
| Net Worth | $10 Million |
Mike Tyson’s Net Worth in 2024: $10 Million
Mike Tyson is one of the greatest boxers of all time. He reigned as undisputed world heavyweight champion from 1987 to 1990. He is also the first man to simultaneously hold the WBA, WBC and IBF titles, and the only fighter in his category to have had them all in succession. Tyson infamously server three years of jail time from 1992 to 1995 after being sentenced for rape, before reviving his career when he was released.
His last competitive match was fought in 2005, before the announcement of a one-off competitive fight against YouTube start Jake Paul in 2024.
I'm totally destitute and broke. But I have an awesome life
What Does Mike Tyson Do?
Mike Tyson is a former heavyweight champion, regarded as one of the greatest ever boxers of all time. He won his first title at age 20, turning him into the youngest ever boxer to win a heavyweight title in the history of the sport.
Tyson retired from boxing in 2005, after “having lost his love for the sport” and losing three of his last four fights.
However, Tyson spent a lot of money during his boxing days, which helped him live a lavish and extravagant life. This caused him to lose most of the money he earned while boxing, which led him to be $3 million in debt in 2000. He gave away a lot of money to his entourage, too, which drained a good portion of his money.
Although retired, Tyson has fought in several exhibition matches over the years. He has also taken movie roles and featured in a variety of shows, which has helped him rebuild a more modest but still quite significant fortune.
How Did Mike Tyson Get Rich?
Mike Tyson got rich by doing the thing he knew how to do best: boxing. He was one of the better paid athletes of all time, having earned an astonishing $905 million across his career that spanned from 1985 to 2005.
After losing his fortune, Tyson has promoted and participated in two different non-professional competitions:
- Mike Tyson’s World Tour, a comeback event that was poorly received by fans and ended up being canceled after the first fight
- Mike Tyson’s Legends OnlyLeague, a special league designed for retirees to participate in the sport.
How Does Mike Tyson Like to Gamble?
Mike Tyson has gambled a lot of money during his life, and particularly while he was still worth over $300 million. He used to go on gambling rampages with “a renowned rapper”, where they both lost anundisclosed amount of money.
However, as per reports, it doesn’t seem like gambling was one of the main reasons why he lost most of his fortune. The latter was more related to the indiscriminate way in which he spent money.
He has been promoted online casinos and even land-based casinos as a brand ambassador, but he is not known to actively partake in any gambling.
What’s the Most He’s Ever Won?
The boxer used to get paid millions of dollars per fight during the peak of his career, and even after it, thanks to his illustrious name. However, it is well known that his biggest paid fight was the match against boxer Lennox Lewis in 2002, where he earned an astonishing $103 million from that fight alone.
How Does Mike Tyson Spend His Money?
Mike Tyson has been known to splash money indiscriminately throughout his life. In fact, his spending is so well-document that it is well known that his irresponsible financial decisions ended up costing him the entirety of his fortune and drove him to bankruptcy.
Here are some of the many lavish ways in which Tyson has spent his fortune:
- He frequently gave money away to his entourage and even had a person hired specifically for screaming
- Tyson spent over $6 million in luxury cars
- He would often spend over $10,000 a day in routine activities and expenses
- It is said that he spent over $300,000 on pagers and cell phones
- Tyson once spent almost half a million dollars on one of his birthday parties
- He used to spend around $100,000 per month on jewelry and clothes, having spent even more on certain occasions.
Gambling Stats
- Biggest Win: Undisclosed
- Biggest Loss: Undisclosed
The Man Who Ruled the World
Known as one of the most extravagant, aggressive, and intimidating boxers of his era, Mike Tyson left a mark in boxing that is impossible to erase. He is as controversial as he was successful during his boxing days.
Today, Tyson has regained the status of “millionaire” after having lost it to bankruptcy. We’re unlikely to have heard the last of him after his return to competitive boxing against Jake Paul in 2024.
