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Mike Tyson’s Net Worth: What Are His Career Earnings?

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Mike Tyson is an American who used to box professionally and was very good at it for 20 years. Even though there were some ups and downs.

Tyson was the undisputed world heavyweight champion, and at 20 years, 4 months, and 22 days old, he is still the youngest boxer to ever win a heavyweight title.

He made more than $300 million over the course of his career, but he ended up losing it all.

Early Life of Mike Tyson

Date of Birth: Jun 30, 1966 (56 years old)
Place of Birth: Bedford-Stuyvesant
Gender: Male
Height: 5 ft 10 in (1.78 m)
Profession: Professional Boxer, Actor, Film Producer, Athlete
Nationality: United States of America

Michael Gerard Tyson was born on June 30, 1966, in Brooklyn, New York. Tyson grew up in a bad neighborhood, and his stepfather was involved in crime and gambling. Tyson and his mother had to move when he was ten because of money problems. Tyson had been arrested 38 times by the time he was 13.

He often fought bigger kids who made fun of his voice (Tyson speaks with a lisp). A teacher in juvenile detention and a former boxer found out about Tyson’s fighting skills when he was in school. After working with a few trainers, he joined up with Cus D’Amatto, a trainer who would have a huge impact on the future boxing champion. When Tyson was 16, his mother died. D’Amatto then became his legal guardian. Tyson worked with Kevin Rooney when they were both young.

Personal Life of Mike Tyson

mike tyson net worth

Mike has gone through three different marriages in his lifetime. He is a father to six kids. He adheres to the teachings of Islam and is a sober person.

Net Worth of Mike Tyson

Mike Tyson is an American boxer who is now retired. In the late 1980s, he was the undisputed heavyweight champion of the world. At the time this was written, Mike Tyson was worth $10 million. Mike was one of the most famous and well-paid athletes in the world when he was at the top of his game.

Also Read: Michael Jordan Net Worth: How Does He Build His Income?

At age 20, he was the youngest champion in history. At his peak, he had a fortune of more than $300 million, but he lost it or was scammed out of it. In 2003, Mike filed for bankruptcy. He was reported $23 million in debt at the time he filed for bankruptcy.

Beginning of Boxing Career of Mike Tyson 

Tyson’s first experience with professional boxing was in the Junior Olympics, where he won gold medals in 1981 and 1982. He also boxed in the 1984 Summer Olympics, but he lost both times to Henry Tillman. Tyson’s first fight as a pro was when he was 18. He beat Hector Mercedes with a TKO in the first round. This would be the first of many fights that Tyson would end in the first round.

Tyson kept fighting opponents who were tougher than the ones he had fought before. Many people thought he would become famous quickly. Cus D’Amatto died in 1985, and early in his career, Tyson lost an important father figure. Many people later said that this would make Tyson’s life less stable in the future.

Breakthroughs in Mike Tyson’s Career

A fight between Tyson and Jesse Ferguson that was shown all over the country put him on the world stage for real. After Tyson gave Ferguson an uppercut that broke his nose, it was clear what would happen in the fight. Ferguson was disqualified for clinching in an illegal way, which gave Tyson the win.

A fight between Tyson and Marvis Frazier, who had once tried to win the world title, was also shown on TV. Tyson won with a knockout in just 30 seconds. In 1986, in the second round, Tyson beat Trevor Berbick and became the youngest heavyweight champion in history. In 1987, he fought James Smith for his title and won, making him the undisputed heavyweight world champion. He fought Pinklon Thomas in a 12-round fight that same year to win the IBF title. Tyson was the first heavyweight to ever hold all three major belts at the same time.

Larry Holmes was a former champion, but Tyson beat him in 1988 and knocked him out in the fourth round. Tony Tubbs had the same thing happen to him that year. He got a TKO in the second round. Michael Spinks was the last person Tyson beat this year. Even though many experts thought Spink’s technical skill would make the fight hard for Tyson, Tyson knocked him out in just 90 seconds.

After that, Tyson’s career seemed to go in the wrong direction. After some personal issues came up, Tyson decided to fire Kevin Rooney. Rooney is known for making Tyson a top fighter after D’Amatto’s death. Tyson kept winning fights in 1989, but when he lost to Buster Douglas in 1990, it was a big setback for his career.

mike tyson net worth

Douglas fought with passion and dedication because he had just lost his mother to a stroke 23 days before the fight. In the tenth round, Douglas hit Tyson with a combination that put him down for the first time in his career. In one of the most shocking turns of events in sports history, the referee counted him out.

In 1991, Tyson kept winning, but problems with the law put an end to his career. Tyson went to jail for six years after he was charged with rape. Tyson became a Muslim during this time. Mike Tyson had to register as a sex offender when he got out of prison.

Also Read: Christie Brinkley Net Worth: How Much Money Does The Model Have?

At first, Tyson’s comeback went well. He knocked out a number of opponents and won back two of his belts. But he lost his WBA belt when Holyfield came out of retirement and knocked Tyson out in the 11th round. In the rematch, Tyson lost again when he controversially bit Holyfield twice and was kicked out of the fight because of it. Even worse, Tyson’s license to box was taken away in 1997.

In 2003, Tyson beat Clifford Etienne in 49 seconds for his last professional win. Mike Tyson gave up boxing in 2005 after getting hurt, trying to come back, and losing several fights.

Earnings From Mike Tyson’s Career

Mike signed a $27 million, eight-fight deal with HBO in 1987. This deal ran until his fight with Alex Stewart. Alex Stewart lost to Tyson in just two minutes and 27 seconds. He then signed a long-term, $120 million deal with Showtime that covered several fights, including Holyfield I and II.

Mike made at least $430 million from fights and endorsements during his career. In today’s money, that’s the same as about $700 million.

mike tyson net worth

People have known for years that his promoter, Don King, took a big chunk of his money, at least the money he made from pay-per-view fights. In the end, a court case showed that Mike’s deal with King gave the promoter the right to 30% of his earnings. In Nevada, this was technically against the law. It’s been said that Don would take 50% of the total amount before writing a check to Mike.

This would be after some unknown fees. As an example, Don King’s wife might get $100,000 per fight as a consultant fee. Don King’s sons were also given consulting fees of $50,000 per fight. At the height of his popularity, Mike paid the President of the Mike Tyson Fan Club $1,000 every week. It turned out that the President was Don King’s daughter.

Final Words

Mike Tyson is an American boxer who is now retired. In the late 1980s, he was the undisputed heavyweight champion of the world. At his peak, he had a fortune of more than $300 million, but he lost it or was scammed out of it. Mike Tyson was the first heavyweight to ever hold all three major belts at the same time. Tyson lost his father, Cus D’Amatto, early in his career.

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