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Mike Tyson Net Worth: How Rich is the Controversial Boxer?

Mike Tyson Net Worth: How Rich is the Controversial Boxer?
Image: @miketyson/ IG

Named among the greatest boxers of all time, Mike Tyson and his luxury lifestyle constantly make headlines. Hence, the article has listed all about Mike Tyson’s net worth and the astonishing factors that have contributed to it. It also lists Mike Tyson’s career, personal life and the controversy he has attracted. Last but not least, this article includes some of the surprising facts about the boxer.

Michael Gerard Tyson is an American professional boxer who is regarded as one of the greatest heavyweight boxers of all time. Also known as “Iron Mike” and “Kid Dynamite”, Tyson has won 19 professional fights by knockout and holds the world record to win the title of youngest boxer to win a heavyweight title. Besides an impressive boxing career, Mike Tyson often makes headlines for his net worth and the impressive factors that contribute to it.

Who is Michael Gerard Tyson?

Michael Gerard Tyson was born on June 30, 1966 (age 58 years; as of 2024) in Fort Greene, Brooklyn, New York City. Raised in a troubled household, Tyson’s mother, Lorna Mae Smith, was a prostitute. On his birth certificate, a cab driver named Purcell Tyson was named as the Biological father. However, according to Tyson, his father was a pimp named Jimmy Kirkpatrick. Tyson has a brother named Rodney and an older sister named Denise who passed away after suffering a cardiac arrest.

What is the net worth of Mike Tyson?

Mike Tyson Net Worth: How Rich is the Controversial Boxer?

As of 2024, Mike Tyson has an estimated net worth of $10 million. However, at his all-time peak, Mike Tyson had a net worth of $300 million. In 2003, Michael Gerard Tyson announced his bankruptcy and $23 million debt. Additionally, in 2010, in an interview, Michael Gerard Tyson shared about his financial situation and 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 Influencing The Net Worth of Michael Gerard Tyson

Stage NameMike Tyson
Full NameMichael Gerard Tyson
Other Name(s)Iron MikeKid Dynamite 
ProfessionAmerican Professional Boxer
HeightIn 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

Also Read – Kai Cenat Net Worth: What Is The Controversial Streamer’s Income In 2024?

Fleet of Cars

Mike Tyson shares a love for cars and as of 2024, he owns an impressive collection of exquisite vehicles. The list includes,

Car CollectionEngine
Cadillac Seville 4.1L V-8
Rolls-Royce Silver Spur6.75-liter V-8
Rolls-Royce Corniche6.75-liter V-8
Bentley Continental SCTurbocharged 6.75-liter V-8
Mercedes-Benz SL-Class 560SL5.5L V-8
Ferrari F504.7-liter V-12
Jaguar XJ2203.5-liter Twin-turbocharged V-6
Jaguar E-Type3.8-liter
Ferrari 456 GT Spyder5.5-liter V-12
Lamborghini Super DiabloTwin-turbo 5.7-liter V-12
Mike Tyson Net Worth: How Rich is the Controversial Boxer?
Image: @miketyson

Real Estates

Mike Tyson, initially to his bankruptcy, was the owner of multiple resplendent properties. A brief into his real portfolio across the years is,

  • Ohio: Following the boxer’s debut in the game, he bought a resplendent property in Ohio. However, in 1992, following the rape allegations, he was forced to sell it. The home which he sold for 855,000 Euros is now converted into a church
  • Connecticut: In 2003, the boxer was bankrupt following which he sold his 52-room mansion to a rapper, 50 Cent. He sold the house for €3.3 million.
  • Maryland: Bought with his ex-wife in 1995, Mike Tyson sold the house for €7 million.
  • The Hangover Pad: A resplendent property in Las Vegas, he bought it for €1.5 million. In 2016, it was sold by the boxers; however, the selling price remains unknown.
  • Mansion in Las Vegas: Currently, the boxers live in a mansion located in Henderson, Las Vegas. This property which is worth 2.5 Million Euros has six spacious bedrooms and six bathrooms.
  • List of Expenses

The boxer, when he did not face bankruptcy, used several leisure expenses in millions. They are,

  • $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 jewellery and clothes
  • Endorsements and Boxing Career

Ranked among the greatest boxers of all time, Mike Tyson has numerous wins in his career. Not only did these achievements add to his portfolio but also awarded him a hefty sum of money. A media source claims that the boxer, during the peak of his career, earned $430 million from the matches and endorsements.

Career

  • In his illustrative boxing career from 1985 to 2005, the boxer received titles like “Iron Mike,” “Kid Dynamite,” and “The Baddest Man on the Planet.”
  • Mike Tyson, when he was 20, bagged his first belt eventually becoming the youngest boxer to win a heavyweight title. He is also the first boxer to hold the WBA, WBC, and IBF titles.
  • Between 1987 and 1990, Tyson became an undisputed world heavyweight champion.
  • A formulated career, Tyson was convicted of rape and received a six year imprisonment. However, in three years, he was released on parole.
  • In 1996, following his release from prison, he regained his WBA and WCA titles. With this, he joined  Floyd Patterson, Muhammad Ali, Tim Witherspoon, Evander Holyfield and George Foreman among the list of boxers to regain a heavyweight championship.
  • In 1997, Tyson was disqualified from the game after biting Holyfield’s ear to remove a portion of flesh.

Awards and Recognitions of Mike Tyson

While Mike Tyson have bagged several awards and accolades in his career, the primary are,

  • 1- Ring magazine Prospect of the Year in 1985
    2- Ring magazine Fighter of the Year in 1986 and 1988
    3- Sugar Ray Robinson Award winner in 1987 and 1989
    4- BBC Sports Personality of the Year Overseas Personality in 1989
    5- International Boxing Hall of Fame inductee in the Class of 2011
    6- “Guirlande d’Honneur” by the FICTS in 2010
  • Professional wrestling
  • 1- WWE Hall of Fame inductee in the Class of 2012

Personal Life

Mike Tyson Net Worth: How Rich is the Controversial Boxer?
Image: @miketyson/ IG

Similar to his childhood, Tyson had an unstable personal life. He had been married three times, actress Robin Givens (Married: 1988; Divorced: 1989), Monica Turner (Married 1997; Divorced: 2003), and Lakiha Spicer (Married: 2009), respectively. He had seven children from his three marriages; one of the daughters succumbed to an accident.

Controversy

Besides his active participation in boxing, Mike Tyson is known for his several controversies. Some of the controversies that made headlines are,

  1. In 1992, the boxer was convicted of rape and was ordered to six years prison sentence. However, he was released on parole after three years
  2. In 2006, Mike Tyson was arrested on charges of DUI and Felony Drug Possession.
  3. In 2022, Tyson repeatedly punched a male passenger who was harassing him. Reportedly, the passenger was harassing him and he threw water on Tyson; however, none of them faced charges.
  4. In 2023, an unnamed woman filed a $5 million lawsuit against the boxer with rape allegations. In the lawsuit, the woman claimed experiencing “guilt, loss of self-esteem, shame, embarrassment, sadness, anger, depression, anxiety, violent tendencies, drug and alcohol addiction and confusion”
  5. In November 2023, Tyson donated to the Israeli Defense Forces, eventually attracting controversy. Nevertheless, Tyson clarified his action and said,

I wanted to clarify the recent portrayal of an event I attended. Invited for a casual evening out by a friend, I was unaware of the arranged fundraiser and no donations were made by me or on my behalf. As a Muslim and human, I support peace. My prayers have been and continue to be with my brothers and sisters.

Do You Know These Lesser Known Facts About Mike Tyson?

  • In a talk show, Mike Tyson confessed having a “fling” with a prison official during his three-years prison sentence. In the same show, he also revealed that he got the prison official pregnant; however, she aborted the child. “Oh, yeah. In prison, stuff happens. But she had no baby” read Tyson’s statement.
  • He follows a vegan diet.
  • In an interview with a media house, Tyson said that he will never plead guilty to rape allegations he faced in 1992. He stated, “There’s a lot of things I could have gone to jail for and I deserved to go to jail for. But this wasn’t one of them. I didn’t do it and I will never admit to doing it.”
  • According to medical records, Mike Tyson is “manic depressive.” This was also claimed by his first wife who was a victim of Tyson’s abuse. Moreover, Tyson, in his book, admitted punching his ex-wife. In the book, Tyson explained his punch and said “That was the best punch I’ve ever thrown in my entire life.”

About the author

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Simon Hopes

Simon Hopes, an ardent Hollywood fan, attended the California State University, obtaining a Bachelor of Arts degree in Journalism and Mass Communication. Delving into his passion for entertainment, Simon joined as a staff writer at The Collider where he honed his skills and gained valuable experience in years. At The Next Hint Media, Simon serves as a senior writer, summoning his expertise to deliver captivating articles related to entertainment and Hollywood industry. With a passion of covering unusual and latest trends, he ensures to captivate the reader's attention with his entertaining and updated articles. His dedication to his craft makes him a valuable asset in the The Next Hint Media’s Entertainment team.

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