Mike Tyson Net Worth, How He Got Up From Bankruptcy

Mike Tyson Net Worth

Mike Tyson, a former professional boxer from America, had a wonderful 20-year career in boxing.

His life journey had his ups and downs, he’s still one of the greatest athletes in the world.

Mike Tyson is the youngest boxer ever to win the undisputed world heavyweight champion.

He won the title when he was 20 years old.

Throughout his career as a professional boxer once, Mike Tyson had achieved over $300 million.

But now, after the bankruptcy, he managed to have a net worth estimated to be only $3 million.

Early Life

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Mike Tyson was born in Brooklyn, New York on June 30, 1966. His real name is Michael Gerard Tyson.

He was born to his father, Jimmy Kirkpatrick and his mother, Lorna Mae Tyson. His father died in 1992.

Before he died, He left Tyson’s mother to care for the children by herself.

Then, his family lived in New York City and moved back to Brooklyn when Tyson was 10 years old.

6 years after that, his mother died and Tyson was taken care by Cus D’Amato who was once a boxing manager and trainer.

Tyson lived in high-crime neighborhoods. It made him got arrested many times.

At the age of 13, he attended the Tyron School for Boys in New York. That’s where someone discovered Tyson’s boxing ability.

Mike Tyson’s Boxing Career

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As an amateur boxer, Mike Tyson had won 2 gold medals in Junior Olympic Games in 1981 and 1982.

His professional career as a boxer began in 1985 when he was 18 years old.

He made his debut by defeating Hector Mercedes in the first round via TKO.

In his first year, he already had fifteen bouts. Then, he kept the frequent bouts.

Since he won bouts a lot, the quality of the opponents would be increased gradually.

He managed to win many more bouts until he made a big win streak which attracted media attention.

He then considered as the next outstanding heavyweight champion.

Tyson’s first televised bout took place in 1986 at Houston Field House in New York. It was against Jesse Ferguson.

Mike Tyson won that fight by disqualification leaving the result as controversial for Tyson’s corner.

After that, Tyson won many more televised bouts with a knockout.

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Then, his first title fight came in 1986 of November.

It was against Trevor Berbick for the WBC Heavyweight Championship.

He won the title by TKO in the second round and made him the youngest heavyweight champion of all time.

Since then, everybody thought that Undisputed Champion, Mike Tyson was unbeatable.

Well, he never met Buster Douglas back then.

In 1990, he seemed to be having a lot of issues with his personal life.

In his bout against Buster Douglas, Mike Tyson lost his undisputed championship in Tokyo.

That was his first time being counted out by the referee.

Recovering After The Huge Loss

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After losing to Douglas, Mike Tyson recovered with some first-round knockouts in the two fights after Douglas.

After some more fights, he managed to get a schedule to fight Evander Holyfield for a title.

But, it had been pulled out by Tyson because of his injury. In 1991, Tyson was arrested for a rape trial.

After a long investigation, it was finally decided that Tyson would take a sentence of six years in prison with 4 years probation.

He was released in 1995 which is less than his actual sentence.

During his prison time, he converted to Islam and adopted a Muslim name, Malik Abdul Aziz.

The Highlights Of His Career

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Despite the controversies in his boxing career, we have to agree that he has a fantastic career as a professional boxer.

With 58 fights, he managed to win 50 fights. Here are some awards he received:

  • The Prospect of The Year from 1985 Ring Magazine Ward
  • Two Times Fighter Of The Yeard for 1986 and 1988 from Ring Magazine Award
  • Two Times Winner Of Sugar Ray Robinson Award in 1987 and 1989
  • The Personality of The Year From BBC Sports Awards in 1989
  • The Inductee of International Boxing Hall Of Fame joining the class of 2011.
  • The Inductee of WWE Hall Of Fame joining the class of 2012

From $300 million to Bankruptcy

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In 2003, Mike Tyson filed for bankruptcy. He also announced his retirement from the boxing industry as a professional boxer in 2005.

Because of the bankruptcy and other issues in his life, Tyson lost a lot of money that’s amounted to $300 million, the money he had made during his successful boxing career.

There will no other way besides struggling to achieve another financial fortune.

Achieving The New Net Worth

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After Bankruptcy, Mike Tyson didn’t stop there. He needed to be able to turn the financial fortunes around.

Luckily, he managed to do that by publishing two books, appearing in TV shows, movies, and debuted in a one-man show.

Even though he doesn’t get the earnings from Boxing anymore. As a celebrity, he earned a lot of money now.

Now, Mike Tyson lives in a luxurious house in Nevada with his recent wife, Lakiha Spicer, and her two children.

He also has some contract deals of endorsements from some brands such as Black Energy, Bitcoin, and more others.

Besides, he also collects some luxurious cars. He has 2000 Lamborghini Diablo VT Roadster, Jaguar XJ220, 420-hp Bentley Continental SC, 1995 Ferrari F50, Ferrari 456 GT Spyder, and more.

Mike Tyson was not enough with the collection of cars. He bought some Bengal Tigers to be his pets.

The price of those tigers is around 48,000 pounds each.

Conclusion

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Mike Tyson was an amazing athlete, he is also an amazing individual.

After he lost it all, he managed to turn his financial fortunes around.

Now, his earnings come from media and tv appearances, one-man show tour, book’s royalty, and a bunch of endorsement deals.

That’s why it’s impossible to calculate Mike Tyson’s Net Worth is estimated to be $3 million.