The former world heavyweight champion’s financial situation is examined here, along with the amount he and Jake Paul will receive for their much awaited fight on Friday night.
In addition to having a remarkable career, Mike Tyson has led an intriguing life.
The former world heavyweight champion, who won the title at the age of 20, had serious issues after becoming well-known so quickly and earning a sizable fortune. Examine Tyson’s current net worth and some of the more contentious facets of his career as the 58-year-old boxing star prepares to compete against 27-year-old Jake Paul in a live-streamed sporting event on Netflix.
How Much Is Tyson Worth?
Celebrity Net Worth estimates Tyson’s net worth at $10 million.
Was Tyson insolvent?
Before declaring bankruptcy in 2003, Tyson reportedly made at least $400 million, according to The New York Times.
His extravagant lifestyle was a major contributing element to his financial difficulties. He purchased 19 cars and motorcycles for friends, totaling $4.5 million. Tyson also invested $400,000 on exotic animals like Siberian tigers and pigeons.
According to his bankruptcy filing, Tyson also owed more than $51,000 in back child support, and his assets were estimated to be between $10 million and $50 million.
At the time of his bankruptcy, the former heavyweight champion owed $27 million in total.
Was Tyson Put in Jail?
Tyson did really end up in jail. After serving around three years of his six-year prison sentence, he was granted parole.
Tyson, who was 25 at the time, was taken into custody in July 1991 after attacking Desiree Washington, then 18 years old, in a hotel room in Indianapolis. Tyson was found guilty of rape even though he insisted he was innocent. He must remain registered as a sex offender for the remainder of his life in accordance with federal law.
Tyson called Washington “a lying, monstrous young lady” in a 2003 interview with Fox News Network, saying, “I just hate her guts.”
“She put me in a situation where I’m not sure… He continued, saying that Washington accused him of the 1991 attack because she was “money hungry,” adding, “But now I really do want to rape her and her … mama.”
When Was the Last Time Tyson Fought?
Since losing to Kevin McBride in the sixth round of a professional fight in 2005, the former heavyweight world champion has not competed. Since then, Tyson has taken part in exhibition bouts, such as a split-draw matchup with fellow veteran Roy Jones Jr. in 2020.
What is Tyson’s compensation for the fight?
Although Tyson’s exact earnings for Friday’s fight have not been disclosed by the promoters, internet outlets, such as DraftKings Network, predict that he will take home about $20 million.
The compensation disparity is substantial when compared to his prior earnings. In 1995, Tyson returned to boxing after being freed on parole, earning $30 million for each of his subsequent four bouts. Among these was the notorious fight with Evander Holyfield in 1997, when Tyson chewed off a portion of Holyfield’s right ear. Tyson received a $3 million fine, had his boxing license revoked, and was disqualified from the bout; nonetheless, he was permitted to keep his fight purse.
On the other hand, DraftKings Network and other outlets predict that Paul will make $40 million. In addition to being a co-founder of Most Valuable Promotions (MVP), the firm advertising the event in collaboration with Netflix, the social influencer has 27 million Instagram followers alone.
Is the Battle Going to Last?
There will be eight two-minute rounds between Tyson and Paul.