Mike Tyson is considered to be one of the best heavyweight boxers of all time. Despite his legal and personal troubles, he is loved by his fans and has appeared in many movies. At his peak, he earned more than $300.0 million, but today, Mike Tyson’s net worth is just $3.0 million. However with a happy marriage, adoring kids, and a new attitude to life, Tyson is leading a life of relative calm.
Mike Tyson has learned to laugh at himself which is a sign of change. During an appearance at the SALT Conference in May 2017 at Las Vegas he said, “I didn’t think I’d make it through my thirties. My thirties were scary, weren’t they? Tyson admitted that though he was never crazy about money he sure “went crazy with it.” How much money did Mike Tyson make as a boxer? He revealed that he carelessly spent all his money on jewelry, prostitutes, mansions, and cars which is incredulous because he earned an enormous $300.0 million during his high-profile career. This is why Tyson filed for bankruptcy in 2003 and later spent time in prison for cocaine abuse. Now, he is back in the public eye, and people are curious about Mike Tyson’s net worth. The man can still charm an audience as he did in his glory days as an undisputed heavyweight champion of the world. Here are some details from Mike Tyson’s wiki.
Bad Boy Running Wild
Born on June 30, 1966, in Brownsville, Brooklyn, New York City, to Lorna Mae Smith and Purcell Tyson, Mike Tyson’s age is 51. His mother passed away when he was just 16 years old and left him in the care of boxing trainer and manager, Cus D’ Amato who later became his legal guardian. Tyson’s childhood was spent in several high-crime neighborhoods, and he took to a life of stealing, petty crimes, and fighting those who made fun of him. He was sent to Tryon School for Boys in Johnstown, New York, where his boxing abilities were discovered and encouraged. Tyson started his boxing career as an amateur and won gold medals in the 1981 and 1982 Junior Olympic Games ending every single fight with a knockout.
The New World Champion
The world first heard of Tyson when he made his professional debut on March 6, 1985, in Albany, New York, after defeating Hector Mercedes by a first round knockout. Thus started a legendary and spectacular career which saw Tyson unleash a fury —the likes of which had never been seen before. Over the years, he defeated skilled and famous boxers like Tyrell Biggs, Larry Holmes, and Michael Spinks to become the heavyweight champion of the world on June 27, 1988.
Fall from Grace
However, Tyson’s personal life began to unravel as he faced problems with his first wife, Robin Givens. Mike Tyson’s wife filed for divorce and promoters were fighting to get Tyson on their side since he was a money maker for those connected to him. All this tension and stress took a toll on Tyson and, on February 11, 1990, he lost the heavyweight title to Buster Douglas in a heavily publicized fight in Tokyo, Japan. Once known as the “ baddest man on the planet,” he lost the fight and title to an underdog. Then, Tyson got into the deepest trouble he had ever been in with the law. He was arrested, convicted, and imprisoned for the rape of an 18-year-old girl named Desiree Washington, a beauty pageant winner. Though Tyson claimed that the encounter was consensual, the jury saw otherwise and sentenced him to six years in prison along with four years of probation.
Calling it a Day
Tyson was released in March 1995 after serving less than half of his six-year sentence. During his time in prison, he converted to Islam. From then on, Tyson was known as Malik Abdul Aziz. He attempted a comeback by fighting boxers like Frank Bruno, Bruce Seldon, and Evander Holyfield but the last fight ended in Tyson’s disqualification for biting off part of Holyfield’s ear. He fought several more boxers, but at this point, there were accusations that he was only in for the money. His fights made the boxer and promoters richer at the expense of viewers. After retiring from professional boxing in the mid-2000s, Tyson spent most of his time at his home in Paradise Valley, near Phoenix, Arizona. Mike Tyson’s boxing record was an impressive 58 fights, 50 wins, 44 wins by KO, six losses, and two no contests. He is still considered one of the best, and hardest hitting, heavyweight boxers of all time.
Stepping into the Light
Mike Tyson’s net worth in 2017 has come down to $3.0 million —a far cry from the massive $300.0 million he had at his peak. Mike Tyson’s house is in Seven Hills, Nevada. He was married three times, and fathered seven children by three different women. Mike Tyson’s kids are very close to their father, and he has often said that he has an awesome life thanks to them. Tyson says that he got out of trouble and debt because of his wife, Lakiha Spicer, and support from his friends, “We made it out of our hellhole. I just knew it was time to grow up. It was time to be a man. Time to be present in your children’s lives.” Today, Tyson spends his time with his family, mentors young aspiring boxers, and is in a one-man play called Undisputed Truth based on his life at MGM in Las Vegas. He is not back in the high life again, yet, he lives with a quantum of satisfaction and calmness.