Regarded as one of the greatest boxers of all time, Mike Tyson’s luxury lifestyle and career achievements frequently make headlines. This article provides an in-depth look at Mike Tyson’s net worth, the factors contributing to it, his career, personal life, controversies, and some surprising facts about the boxer.
Michael Gerard Tyson, known as “Iron Mike” and “Kid Dynamite,” is an American professional boxer celebrated for his extraordinary success in the heavyweight division. Tyson has won 19 professional fights by knockout and holds the world record as the youngest boxer to win a heavyweight title. In addition to his boxing accolades, Tyson’s net worth and the factors contributing to it often draw public attention.
Who is Michael Gerard Tyson?
Michael Gerard Tyson was born on June 30, 1966, in Fort Greene, Brooklyn, New York City. Raised in a troubled household, Tyson’s mother, Lorna Mae Smith, was a prostitute. Although a cab driver named Purcell Tyson is listed as his biological father on his birth certificate, Tyson claims his father was a pimp named Jimmy Kirkpatrick. He has a brother named Rodney and had an older sister named Denise, who passed away from cardiac arrest.
What is the net worth of Mike Tyson?
As of 2024, Mike Tyson’s net worth is estimated at $10 million. At his peak, however, his net worth reached $300 million. In 2003, Tyson declared bankruptcy with a $23 million debt. Reflecting on his financial situation in a 2010 interview, Tyson said:
“I’m destitute and broke. But I have an awesome life. I have an awesome wife who cares about me. … I’m broke. I had a lot of fun. It [going broke] just happened. I’m very grateful. I don’t deserve to have the wife that I have; I don’t deserve the kids that I have, but I do, and I’m very grateful.”
Factors that affect the net worth of Michael Gerard Tyson
Stage Name Mike Tyson
Full Name Michael Gerard Tyson
Other Name(s) Iron MikeKid Dynamite
Profession American Professional Boxer
Height In Feet/Inches: 5 Ft 10 In/5’ 10”
In Centimetre: 178 Cm
Net worth (as of 2024) $10 million, Approximately
Monthly Income $1 Million
Yearly Income $12 Million, Approximately
Fleet of Cars
Tyson has a passion for cars and, as of 2024, owns an impressive collection of exquisite vehicles.
Car Collection Engine
Cadillac Seville 4.1L V-8
Rolls-Royce Silver Spur 6.75-liter V-8
Rolls-Royce Corniche 6.75-liter V-8
Bentley Continental SC Turbocharged 6.75-liter V-8
Mercedes-Benz SL-Class 560SL 5.5L V-8
Ferrari F50 4.7-liter V-12
Jaguar XJ220 3.5-liter Twin-turbocharged V-6
Jaguar E-Type 3.8-liter
Ferrari 456 GT Spyder 5.5-liter V-12
Lamborghini Super Diablo Twin-turbo 5.7-liter V-12
Real Estate
Before his financial disaster, Tyson owned several costly homes:
- Ohio: After his boxing debut, he sold a lavish property in Ohio. Following rape allegations in 1992, he sold it for €855,000. The house is now a church.
- Connecticut: In 2003, he offered his fifty-two-room mansion to rapper 50 Cent for €three.Three million following his bankruptcy.
- Maryland: Purchased along with his ex-wife in 1995, the assets were offered for €7 million.
- The Hangover Pad: Located in Las Vegas, he offered it for €1. Five million and bought it in 2016. The sale charge remains unknown.
- Mansion in Las Vegas: Tyson presently lives in a mansion in Henderson, Las Vegas, well worth €2.5 million. It capabilities six bedrooms and six bathrooms.
List of Expenses
Before facing bankruptcy, Tyson had several extravagant expenses:
- $4.5 million on cars and motorbikes (19 vehicles for friends)
- $400,000 on pigeons and various big cats, such as Siberian tigers
- $300,000 on lawn care and garden maintenance
- $240,000 per month on daily spending money
- $230,000 on cell phones, pagers and phone bills
- $125,000 per year for an animal trainer for his big cats
- $100,000 per month on jewelry and clothes
Endorsements and Boxing Career
Ranked among the greatest boxers of all time, Tyson’s career and endorsements have earned him significant wealth. During the peak of his career, he reportedly earned $430 million from matches and endorsements.
Career
Tyson’s illustrious boxing career spanned from 1985 to 2005, earning him titles such as “Iron Mike,” “Kid Dynamite,” and “The Baddest Man on the Planet.” At 20, he became the youngest boxer to win a heavyweight title and was the first to hold the WBA, WBC, and IBF titles simultaneously. Between 1987 and 1990, he was the undisputed world heavyweight champion. Tyson faced a six-year imprisonment for rape but was released on parole after three years. In 1996, he regained his WBA and WBC titles, joining the ranks of Floyd Patterson, Muhammad Ali, Tim Witherspoon, Evander Holyfield, and George Foreman. In 1997, Tyson was disqualified from his match against Evander Holyfield for biting his ear.
Awards and Recognitions
Tyson has received numerous awards and accolades, including:
- Ring magazine Prospect of the Year (1985)
- He was named Fighter of the Year by Ring magazine in 1986 and again in 1988.
- Sugar Ray Robinson Award (1987, 1989)
- In 1989, the BBC Sports Personality of the Year Overseas Personality was awarded.
- Induction into the International Boxing Hall of Fame in 2011.
- “Guirlande d’Honneur” by the FICTS (2010)
- In 2012, Tyson received the honor of being inducted into the WWE Hall of Fame.
Personal Life
Tyson’s personal life has been tumultuous. He has been married three times: to actress Robin Givens (1988–1989), Monica Turner (1997–2003), and Lakiha Spicer (since 2009). He has seven children from these marriages, with one daughter who tragically died in an accident.
Controversies
Tyson has been involved in several controversies:
- In 1992, he faced a conviction for rape, leading to a six-year prison sentence, though he was granted parole after serving three years.
- He faced arrest in 2006 for driving under the influence (DUI) and felony possession of drugs.
- In 2022, Tyson punched a male passenger who was harassing him on a flight; no charges were filed.
- In 2023, an unnamed woman filed a $5 million lawsuit against Tyson for rape. She claimed the assault caused her significant emotional distress.
- In November 2023, Tyson faced controversy for allegedly donating to the Israeli Defense Forces, which he denied, clarifying that he supports peace and did not make any donations.
Lesser-Known Facts About Mike Tyson
- Tyson admitted to having a “fling” with a prison official and getting her pregnant during his prison sentence, though she later had an abortion.
- He follows a vegan diet.
- Tyson maintains his innocence regarding the 1992 rape allegations, stating he will never admit to a crime he did not commit.
- Tyson has been diagnosed as manic depressive, a claim supported by his first wife, who was also a victim of his abuse. Tyson admitted to hitting her, describing it as “the best punch I’ve ever thrown.”
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