Mike Tyson Net Worth: $10 Million (approx.)
| Net Worth: | $10 Million (approx.) |
| Date of Birth: | 1966-06-30 |
| Age: | 56 years |
| Height: | 5 ft 10 in (1.78 m) |
| Profession: | Professional Boxer, Actor, Film Producer, Athlete |
| Nationality: | United States of America |
Mike Tyson net worth is around $10 million. Mike Tyson is a former boxer. Mike Tyson was the heavyweight champion of the world in the late 1980s.
Mike Tyson recieved at least $450 million in match fees and endorsements in his entire career.
Tyson was the youngest champion in history at the age of 20. But, Mike splurged lot of a personal fortune that topped $300 million at his peak. Mike declared himself bankrupt in 2003. As per bankruptcy filing, Tyson was reportedly $23 million in debt at that point.
How much is mike tyson net worth?:
Mike Tyson net worth is around $10 million in 2023. At his peak, Tyson was one of the most famous and highest-paid athletes in the world.
Although Mike was a talented boxer, his reputation was shadowed by controversies in ring as well as outside ring.
Check this Andrew Tate net worth
How much Mike Tyson earned from boxing?:
In 1987, Mike signed a $27 million eight-fight contract with HBO that ran through his bout against Alex Stewart. Mike Tyson defeated Alex Stewart in two minutes and 27 seconds. Tyson then signed a long-term $120 million contract with Showtime that covered several matches, including Holyfield I and II.
During his career, Mike Tyson made at least $420 million from fights and endorsements. This is the same amount as around $700 million in today’s dollars.
For years it has been widely reported that a large chunk of his income, at least his pay-per-view earnings, were taken by promoter Don King. A court case revealed that Mike Tyson contract with King gave the promoter to 30% of his income. This was illegal in Nevada.
It has been alleged that after mysterious additional fees, Don King would take 50% comission of Mike’s income. Example fees would include $100,000 per fight to Don King’s wife as a consultant fee. Don King’s sons were also paid $50,000 per-fight consulting fees.
At his peak, Mike Tyson was paying the President of the Mike Tyson Fan Club $1,000 per week. The President turned out to be Don King’s daughter.
At other times Mike Tyson income were garnished by creditors like the IRS. For example, Tyson was paid $8 million to fight Danny Williams in 2004. But $6 million of those income were directly garnished by the IRS, leaving Mike with $2 million personally for his efforts.
Below is a fight-by-fight breakup of Mike’s earnings between November 1986 and his final professional fight in 2005. As one can see, Mike Tyson largest earnings was the $103 million he earned fighting Lennox Lewis in 2002. Of that $103 million, roughly $75 million was from a pay-per-view bonus.
Mike Tyson Career earnings:
How much did mike tyson earn?
| Mike Tyson Career Earnings | |
| Opponent | Income |
| Trevor Berbick | $1,500,000 |
| James Smith | $2,000,000 |
| Pinklon Thomas | $2,500,000 |
| Tony Tucker | $2,500,000 |
| Tyrell Biggs | $2,500,000 |
| Larry Holmes | $5,000,000 |
| Tony Tubbs | $10,000,000 |
| Michael Spinks | $20,000,000 |
| Frank Bruno I | $8,000,000 |
| Carl Williams | $4,000,000 |
| Buster Douglas | $6,000,000 |
| Henry Tillman | $2,000,000 |
| Alex Stewart | $3,000,000 |
| Donovan Ruddock I | $6,000,000 |
| Donovan Ruddock II | $10,000,000 |
| Peter McNeeley | $25,000,000 |
| Buster Mathis | $10,000,000 |
| Frank Bruno II | $30,000,000 |
| Bruce Seldon | $30,000,000 |
| Evander Holyfield I | $30,000,000 |
| Evander Holyfield II | $30,000,000 |
| Francois Botha | $10,000,000 |
| Orlin Norris | $9,000,000 |
| Julius Francis | $10,000,000 |
| Lou Savarese | $8,000,000 |
| Andrew Golota | $10,000,000 |
| Brian Nielsen | $5,000,000 |
| Lennox Lewis | $100,000,000 |
| Clifford Etienne | $5,000,000 |
| Danny Williams | $8,000,000 |
| Kevin McBride | $5,000,000 |
| Roy Jones Jr | $10,000,000 |
| Total: | $420,000,000 |
Mike Tyson Lifestyle:
Mike Tyson lived a famously lavish lifestyle at his peak. Mike Tyson splurged millions on mansions, cars, jewelry, extravagant gifts for strangers, and even a collection of Bengal tigers. Mike Tyson tigers cost $70,000 for each one and were housed in a custom-built habitat in his backyard. Mike Tyson kept an animal trainer on staff at a cost of $125,000 per year.
Mike Tyson lavished money on his entourage as well. As just one example, Mike Tyson kept a person on staff whose sole purpose was to wear army fatigues and shout “guerrilla warfare” at press conferences. For his services, the man was paid $300,000 per year.
Mike Tyson was in jail between 1991 and 1995. In the 3 years immediately after his release, Mike spent the following amounts:
- $4.5 million on cars and motorbikes (19 vehicles he bought for friends)
- $400,000 on pigeons and a variety of big cats such as Siberian tigers
- $300,000 on lawn care and garden maintenance alone
- $240,000 per month for walking around money that he spent in daily life flexing
- $230,000 on cell phones, pagers, and phone bills
- $125,000 per year for an animal trainer to take care of the big cats
- $100,000 per month on jewelry and clothes
Mike Tyson house:
Mike Tyson also bought many homes. His 21-room Connecticut mansion would later be owned by 50 Cent. This mansion featured a nightclub and casino.
Mike Tyson also bought houses in Las Vegas, Ohio, and Maryland. His Ohio mansion featured gold-plated furnishings, pools, and a basketball court. Mike Tyson $4 million Las Vegas property had an 11,000 square-foot mansion that he proceeded to remodel from scratch.
Mike Tyson Car:
Mike Tyson has owned well over 100 cars during his lifetime. Some were extremely valuable and rare. Mike Tyson owned a Bentley that was one of 73 total produced and cost $500,000. After totaling a Range Rover in 1995, Mike Tyson told the repair shop to “keep it.”
Mike Tyson would frequently lend cars to friends and acquaintances, then forget about them. Mike Tyson bought 20 cars at one Las Vegas dealership alone. That dealership, Jim Chaisson Motors, is where Mike spent $1.5 million in a few minutes one day, buying five Bentley Azures. The dealership only had two in stock and had to order the remaining three fast-tracked from Rolls-Royce.
One of the most outlandish purchases Mike Tyson ever made was a $2 million golden bathtub for his first wife, actress Robin Givens. As per legend, Mike Tyson would periodically buy strangers lavish gifts like $100,000 watches.
Mike Tyson Personal Appearance Fees:
Mike Tyson has called Las Vegas home for much of the last two decades. In Vegas, Mike Tyson earns a healthy living making personal appearances at parties and corporate events. Mike charges $75,000 for a two-hour personal appearance.
Mike Tyson Biography:
| Born | Michael Gerard Tyson June 30, 1966 (age 55) Brooklyn, New York City, New York, U.S. |
|---|---|
| Spouse(s) | Robin Givens (m. 1988; div. 1989) Monica Turner (m. 1997; div. 2003) Lakiha Spicer (m. 2009) |
| Children | 8 |
| Boxing career | |
| Statistics | |
| Nickname(s) | Iron Mike,Kid Dynamite, The Baddest Man on the Planet |
| Weight(s) | Heavyweight |
| Height | 5 ft 10 in (178 cm) |
| Reach | 71 in (180 cm) |
| Stance | Orthodox |
| Boxing record | |
| Total fights | 58 |
| Wins | 50 |
| Wins by KO | 44 |
| Losses | 6 |
| No contests | 2 |
Mike Tyson was born as Michael Gerard Tyson on 30th June, 1966 in Brooklyn New York. Tyson grew up in a rough neighborhood, and his stepfather was involved in crime and gambling. When Mike Tyson was 10, he and his mother shifted because of financial issues.
By age 13, Mike Tyson had been arrested for 38 crimes, often fighting bigger youths who made fun of his voice (Tyson speaks with a lisp).
During school, Mike Tyson fighting ability was discovered by a juvenile detention instructor and a former boxer. After working with a few trainers, Mike Tyson linked up with Cus D’Amatto – a trainer who would have an immense influence on the future boxing champ.
When Mike mother passed away, Mike Tyson was 16, D’Amatto became his legal guardian. Mike Tyson also worked with Kevin Rooney from a young age.
Mike Tyson Boxing Career:
Mike Tyson first experience with professional boxing was in the Junior Olympics, where he won gold medals in 1981 and 1982. Mike Tyson also fought in the 1984 Summer Olympics but lost against Henry Tillman in two bouts.
Mike Tyson first professional fight came at age 18 where he beat Hector Mercedes with a first-round TKO.
This would start a growing name for Tyson, who frequently ended fights in the first round. Mike Tyson continued to fight opponents who were more challenging than those he had faced earlier, with many predicting an early rise to stardom.
Cus D’Amatto died in 1985, and Mike Tyson lost an important father figure early in his career. Many later stated that this would prove to have a destabilizing effect on Tyson’s life.
Mike Tyson Breakthrough
Mike Tyson truly arrived on the world stage with a nationally televised fight against Jesse Ferguson. After Mike Tyson caught Ferguson with an uppercut that broke his nose, the result of the fight was clearly inevitable. Mike won after Ferguson was disqualified for illegally clinching.
Another televised event happened when Mike Tyson took on Marvis Frazier, a former world title challenger. Mike Tyson won in just 30 seconds with a knockout. In 1986, Tyson beat Trevor Berbick in the second round to become the youngest heavyweight champion in history.
In 1987, Mike Tyson defended his title against James Smith to become the undisputed heavyweight world champion. In 1987, Mike Tyson took on Pinklon Thomas in a 12-round battle to win the IBF title. This made Tyson the first heavyweight to ever hold all three major belts at the same time.
In 1988, Mike Tyson beat Larry Holmes, a former champion, and knocked him out in the 4th round. Tony Tubbs suffered a similar fate in 1988 as he suffered a TKO in the second round. Tyson rounded out the year with a victory against Michael Spinks.
Although many pundits predicted a tough fight for Mike Tyson because of Spinks’ technical ability, Mike Tyson knocked him out in just 90 seconds.
From that point onward, Mike Tyson career seemed to go downhill. After many personal problems emerged, Mike Tyson decided to fire Kevin Rooney – the man credited with building Tyson into a top fighter after D’Amatto’s death.
Although Mike Tyson continued to win fights in 1989, his career would suffer a major blow when he lost to Buster Douglas 1990. Having lost his mother to a stroke 23 days before the fight, Douglas fought with passion and commitment. In the tenth round, Douglas unleashed a combination that sent Mike Tyson to the canvas for the first time in his career. Mike Tyson was counted out by the referee in one of the most shocking upsets of sporting history.
Mike Tyson continued to win in 1991 before legal issues halted his career. After being arrested for rape, Mike Tyson spent 6 years behind bars. During this time, Mike Tyson converted to Islam. Upon release, Mike Tyson was legally required to register as a sex offender.
Mike Tyson comeback was successful at first, and he knocked out a number of opponents to regain two of his belts. However, Mike Tyson then lost his WBA belt when Holyfield came back from retirement to deal Tyson a TKO in round 11.
Mike Tyson lost again in the rematch when he controversially bit Holyfield twice and was disqualified as a result. Even worse, Tyson had his boxing license rescinded in 1997.
In 1999, Mike Tyson returned to professional boxing once again to knock out Francois Botha – only to return to prison for nine months after allegedly assaulting two motorists.
When Mike Tyson returned to boxing from prison once again, he knocked out a number of fighters in quick succession, either in the first or second round. In the year 2000, Mike Tyson knocked out Lou Savarese in 38 seconds.
Mike Tyson last professional victory was in 2003 when he beat Clifford Etienne in 49 seconds. After many attempted comeback fights, injuries, and defeats, Mike Tyson retired in 2005.
Mike Tyson Boxing Style:
Cus D’Amatto taught Mike Tyson the “peek-a-boo” style of defensive boxing, which involved a high guard and rapid head movements. This is also an aggressive style of counter-punching which depends on charging the opponent, making him swing, and then taking advantage of openings.
Mike Tyson was known for his extreme punching power as well as his ability to bob and weave. A huge amount of Tyson’s punching power came from his legs, and he was known for landing a right hook and then an uppercut to finish fights.
Roy Jones Jr Fight
In 2020, Mike and Roy Jones, Jr. announced they were both coming out of retirement to face each other in a highly unusual exhibition match. The two reportedly struck a deal with a sponsor who ponied up $50 million to put on the fight.
Of that $50 million, each fighter could earn as much as $10 million if all Pay-Per-View milestones are met. Soon after the announcement, Mike Tyson claimed he would donate all of his earnings to charity. His representatives soon clarified with the following statement:
“Mike is committed to charitable causes at this stage in his life. Mike is making a substantial donation to charity to help those affected economically, medically, and socially by the pandemic. The exact amount will be determined after the bout.“
Mike Tyson Wife:
Mike Tyson has been married 3 times. Mike Tyson has 6 children. Mike Tyson is a Muslim and practices sobriety.
