Now that he is retired from boxing, Mike Tyson’s net worth is estimated at $3 million. But when he had his brilliant career as the youngest ever world heavyweight champion, his net worth was $300 million. He retired with a 50-6 record (44 knockouts), earning him a place in the International Boxing Hall of Fame and the World Boxing Hall of Fame. Tyson earned about $400 million from the ring.
Mike Tyson Net worth: The Foundation And Fame
Tyson first raised eyebrows in 1982 at the Junior Olympics, where he won the silver medal. Three years later, he made his professional debut against Hector Mercedes. The fight ended with a knock out for him. He later won 26 of 28 boxing fights by KO/TKO and soon all and sundry was talking about him.
In 1986, Tyson had his first televised fight, where he defeated quite easily his opponent Jesse Ferguson. At 20 years old he was already famous and became the youngest heavyweight champion in the history of boxing. This was just the start of a great journey that brought him many victories and a lot of money. He fought with many of the best heavyweight boxers of the world. He defeated and won the belts from James Smith, Tony Tucker and Pinklon Thomas. He was really on the top of the world.
Moreover, Mike Tyson’s net worth was also increased with the release of Nintendo game, in 1987, called “Mike Tyson’s Punch-Out!!! He began to live lavish, Mike had a great car collection, luxurious mansions and even kept Bengali Tigers. He even bought his now ex-wife a $2.3 million bathtub for a birthday present.
Mike Tyson’s net worth: The Fall From Fortune
Mike was living it up but it wasn’t so long until things began to go south. His wife filled for divorce as a result of a series of domestic abuse. Mike also fired his long-time trainer and mentor Kevin Rooney. Without Rooney by his side, Mike began to lose fights and soon became overweight. Soon he was stripped off his heavyweight boxing title.
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Things even got worse when he was convicted in 1992 to 10 years behind bars for raping an 18 year old model by name Desiree Washington. In 1995 after doing 3 years jail time, he tried to restore his reputation in the ring. Things began to look bright as he effortlessly won his first two fights, but again, with his own actions he ruined everything. This time acting like a zombie- he bit a chunk of flesh off an opponent’s (Robin Givens) ear. This took a toll on his newly reborn career. He filled for bankruptcy in 2003 and retired two years later in 2005.
A man with countless legal problems, from drug possession to driving under the influence, Mike frequently endorses some companies and appear in numerous media gigs to help pay off his huge debts. He starred in 2009 film, The Hangover. In 2013 his one-man show “Mike Tyson: Undisputed Truth” where he talks about his personal life on stage was put on a 36-city 3 month tour.
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