Mike Tyson Net Worth: Lifestyle & Earnings

Retired American professional boxer who was the undisputed heavyweight champion of the world in the late 80s, Mike Tyson has an estimated net worth of $10 million.

During the prime of his career, Mike was one of the highest-paid and most famous athletes in the world.

Similarly, Mike Tyson was the youngest champion in history at the age of 20.

Mike Tyson
Mike Tyson

However, in 2003 he filed for bankruptcy due to his extravagant lifestyle and ruthless spending despite the fact that he topped the fortune of $300 million at his peak. He was reported $23 million in debt at the point.

During the peak of his career, he was nicknamed Kid Dynamite and Iron Mike and was also popular as The Baddest Man on the Planet.

Mike Tyson: Quick Facts

Let’s have a quick peek at the facts related to Mike Tyson:

Full Name Michael Gerard Tyson
Nickname “Kid Dynamite,” “Iron Mike,” and” “The Baddest Man on the Planet”
Net Worth $10 million
Career Earnings $430 million
Birth Date June 30, 1966
Age 55 Years Old
Birth Place Brownsville, Brooklyn, New York City
Horoscope Cancer
Religion Islam
Nationality                          American
Ethnicity One-fourth Caucasian
Languages Spoken English
Education Tryon School for Boys in Johnstown, New York.
Central State University
Father’s Name Jimmy Kirkpatrick
Mother’s Name Lorna Mae (Smith) Tyson
Siblings Rodney (Older Brother)
Children Mikey Lorna Tyson (30), Rayna Tyson (24), Amir Tyson (22), Miguel Tyson(18), Milan Tyson  (12), and Morocco Tyson (9)
Height 1.80 m or five ft. 11 inches or 180cm
Weight 218 lbs or 99 kg
Eye Color Dark Brown
Hair Color Bald
Sexual Orientation Straight
Marital Status Married
Relationship Lakhia Spicer (Wife)
Hobbies  Pigeon Racing
Profession Former American Professional Boxer
Win/Loss 50/6
Endorsements Deals Smart Cups, Parimatch, Manscaped, CopperGel
Social Media Instagram, Twitter
Charity and Causes Supported Laureus Sport for Good foundation
Mike Tyson Cares Foundation
Merch Signed Gloves, Signed Photo, Video Game, Signed Belts
Last Update October, 2021

Mike Tyson: Net Worth and Income

The Undisputed heavyweight champion, Mike Tyson, has a net worth of $10 million as of 2021.

Career Earnings Breakdown

Mike Tyson signed a contract with HBO for eight-fight worth $27 million in 1987.

The match finished in just 2 minutes 27 seconds, with Mike winning by technical knockout.

Similarly, Mike signed a long-term contract with Showtime worth $120 million, which covered several matches, including the infamous fight against Evander Holyfield I and II.

Shockingly, Mike earned more than $430 million from his fights and endorsement deals throughout his career which is the same as earning $700 million if we adjust inflations.

Mike Tyson on a Fight
Mike Tyson on a Fight

Mike earned his career’s largest paycheck in 2002 from his fight against Lennox Lewis, worth about $103 million, out of which about $75 million was from a pay-per-view bonus.

It has been known that Mike’s promoter Don King took a large chunk of Mike’s earnings, at least his pay-per-view earnings which might be the reason Don King‘s net worth is about $150 million.

Even though Mike’s contract with King entitled promoter to 30% of his earnings which was still illegal in Nevada State but it’s been alleged that Don would take 50% off the top before actually issuing a check to Mike.

Moreover, Mike was paid about $8 million for his fight against Danny Williams in 2004.

However, about $6 million of the earnings went to IRS, leaving Mike with just $2 million.

Yearly Income

Let’s check out Mike’s earnings over the years:

Year Opponent Earnings
1986 Trevor Berbick $1.5 million
1987 James Smith $2 million
1987 Pinklon Thomas $2.5 million
1987 Tony Tucker $2.5 million
1987 Tyrell Biggs $2.5 million
1988 Larry Holmes $5 million
1988 Tony Tubbs $10 million
1988 Michael Spinks $20 million
1989 Frank Bruno I $8 million
1989 Carl Williams $4 million
1990 Buster Douglas $6 million
1990 Henry Tillman $2 million
1990 Alex Stewart $3 million
1991 Donovan Ruddock I $6 million
1991
Donovan Ruddock II
$10 million
1995 Peter McNeeley $25 million
1995 Buster Mathis $10 million
1996 Frank Bruno II $30 million
1996 Bruce Seldon $30 million
1996 Evander Holyfield I $30 million
1997 Evander Holyfield II $30 million
1999 Francois Botha $10 million
1999 Orlin Norris $9 million
2000 Julius Francis $10 million
2000 Lou Savarese $8 million
2000 Andrew Golota $10 million
2001 Brian Nielsen $5 million
2002 Lennox Lewis $103 million
2003 Clifford Etienne $5 million
2004 Danny Williams $8 million
2005 Kevin McBride $5 million
2020 Roy Jones Jr $10 million
Total: $423 million

That was all in the past, but how much does Mike Earn currently?

Mike has been staying in Las Vegas, Nevada, for the last two decades. Though he has lost almost all of his fortune with his reckless spending, he still is a “Mike freaking Tyson.”

He still possesses that intimidating personality. Mike makes a good living making personal appearances in corporate events and parties. Reportedly, Mike charges about $75,000 for a two-hour personal appearance.

In addition, that does not seem like a lot to an athlete who had earned hundreds of millions in his time, but it still is healthy money.

Net Worth of Mike Tyson in Different Currencies

Let’s look into the net worth of Mike Tyson in different currencies as of [current year]:

Currency Net Worth
Euro €8,432,550
Pound Sterling £7,231,950
Australian Dollar A$13,381,240
Canadian Dollar C$ 12,494,150
Indian Rupee ₹ 745,407,000
BitCoin ฿305.61

Mike Tyson: Houses and Cars

Houses

Mike owned numerous homes across the states in his career peak.

However, champ currently resides in a Mediterranean-style home in the Henderson suburbs of Las Vegas, Nevada. He purchased the mansion for $2.5 million in 2016.

Moreover, the mansion has six bedrooms and six and a half bathrooms with a fireplace and private balcony.

Similarly, there’s a lagoon-style swimming pool with a spa, a fountain area with a fireplace outdoors, and a large living room.

Similarly, the mansion has a kitchen with a wet bar and wine cellar, an office, and a dining room with window walls.

Mike Tyson's Vegas House
Mike Tyson’s Vegas House

Tyson had to move around a lot, especially when his boxing career was at its peak.

Apart from that, he sold his 52 room Connecticut mansion to rapper 50 Cent. The mansion featured a casino and nightclub.

Moreover, he also owned mansions in Maryland and Ohio. His mansion in Ohio featured a basketball court, gold-plated furnishings and multiple swimming pools, and tiger cages.

Unfortunately, he had to sell his Ohio mansion due to his lawsuits in 1999 for $1.1 million.

Cars

Throughout his career, Mike has owned at least 100 cars. His extravagant car collections had some of the rarest cars of all time.

Most iconic of them all was his one of 73 total produced Bentley worth over $500,000.

On one occasion, Mike purchased 20 cars at one Las Vegas car dealership.

Interestingly, sometimes he would lend cars to acquaintances and friends and totally forget about them.

Moreover, in 1995 Mike totaled his Range Rover in an incident and told the repair shop to “keep it.”

Similarly, Mike spent $1.5 million in Jim Chaisson Motors in few minutes one day, buying five Bentley Azures.

In total, Mike spent about $4.5 million just in cars and motorbikes, out of which he purchased 19 vehicles for his friends.

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Mike Tyson: Lifestyle and Vacations

Mike “Kid Dynamite” Tyson is one of the greatest boxers of all time. Throughout his career, he made so much money that he didn’t know what to do with it.

His overabundance lifestyle made him lose his money so quickly that he landed in an unimaginable position financially.

One of the most bizarre purchases Mike ever made was a golden bathtub for his first actress wife, Robin Givens, worth about $2 million.

Mr. Tyson lived a famously lavish lifestyle. He would buy expensive gifts to strangers, such as $100,000 watches.

Similarly, he wasted his fortune on cars, jewelry, gifts, mansions, and most notably, even a collection of Bengal Tigers.

Mike Tyson With His Big Cat
Mike Tyson With His Big Cat

His tigers cost $70,000 and were accommodated in a custom-built cage in the backyard. He even went on hiring an animal trainer at the cost of $125,000 a year.

Moreover, he employed a person whose sole purpose was to wear army uniform and shout “guerrilla warfare” at press conferences.

Moreover, this person was paid $300,000 every year as salary.

Furthermore, he spent more than $400,000 on Siberian tigers and pigeons, $300,000 on garden maintenance and lawn care, and $240,000 each month for walking around with money and flexing them.

Also, he spent $230,000 on phone bills, cell phones, $125,000 per year taking care of tigers, and $100,000 per month on clothes and jewelers.

However, it did not last very long. He filed for bankruptcy in 2003 because of his poor financial decisions.

After which, he began appearing in minor roles in movies which eventually improved his finances, and he is living modestly in Las Vegas, Nevada.

Iron Mike has been married three times and has six children. Tyson is a Muslim and practices sobriety.

Mike Tyson: Charity

Mike Tyson announced that he would donate all of his earning from his fight with Roy Jones in July 2020.

Moreover, he was supposed to earn about $10 million from the fight from pay-per-view.

However, his representatives clarified that the actual figures would be revealed later.

Moreover, Mike Tyson has his own charitable foundation, named Mike Tyson Cares, through which he donates to several philanthropic causes.

The foundation is committed to giving people living in lower-income communities a fighting chance by aligning initiatives with established local charities and organizations.

In addition, the foundation also donated to various programs around the world.

Mike Tyson: Movies, Endorsements, and Investments

Investments

Following his retirement in 2005, Mike has been focusing on his own enterprises.

He is in a continuous process to regain his long-lost fortune through his business ventures.

He’s been running a cannabis business since it became legal in 2016. ‘Tyson Ranch’ which is based in California, brings about $500,000 each month for Tyson.

Endorsements

Everyone wanted Mike Tyson to promote their businesses during his prime, given his stature and fan base.

Mike endorsed several big brands, including Nintendo, Pepsi, EA Sports, and Eastman Kodak.

Moreover, some of his most recent deals include Manscaped, CopperGel, Smart Cups, and Parimatch.

Movies and TV Shows

Mike Tyson has appeared in numerous TV shows and movies. According to IMDB, Mike has 60 credits as an actor and 13 as a producer.

Out of his all screen works, he is best known for his roles in 2009 The Hangover, 2011 The Hangover II, 2015 IP Man 3, and 2006 Rocky Balboa.

Apart from his silver screen, he has made numerous notable TV appearances.

His most famous TV appearance includes The Roots of Fight, The Last O.G, Mike Tyson Mysteries, and All Elite Wrestling: Dynamite.

Moreover, several of his upcoming projects have been announced, including Vendetta and Linger, which will be released in 2022.

Mike Tyson: Career

Mike Tyson won a gold medal in the Junior Olympics in 1981 and 1982, which became his first experience with professional boxing.

However, he lost against Henry Tillman in two bouts in the 1984 Summer Olympics.

At the age of 18, he fought his first professional fight against Hector Mercedes and won with a first-round technical knockout.

Following that, he began a sort of trend, frequently ending fights in the very first round.

Tyson began gaining fame and fortune with his remarkable fight against opponents who were more challenging than those he had faced before.

On February 11, 1990, the then undisputed heavyweight champion Mike Tyson lost by knockout to the underdog Buster Douglas to the 42:1 in the match that occurred at the Tokyo Dome.

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Unknown Facts About Mike Tyson

  • Even though Mike dropped out of junior high school, he was awarded an honorary Doctorate in Humane Letters from Central State University in 1989.
  • Mike Tyson was addicted to alcohol and coke and used to get high before his major fights and to avoid detection; he would use a fake penis with another person’s urine.
  • Similarly, Mike gave up sex for more than five years during his peak because he thought sex would make him weak.
  • Moreover, Mike once offered $10,000 to a zoo attendant to open a cage of a bullying gorilla so that he could “smash that silverback’s snotbox.” The offer was declined.
  • Mike once stated that he was disappointed that he never killed anyone in the ring.

Quotes of Mike Tyson

“Everyone has a plan ’till they get punched in the mouth.”

“As long as we persevere and endure, we can get anything we want.”

“I’m going to gut you like a fish.”

FAQs

Who is the wife of Mike Tyson?

Mike Tyson has been married to three women so far. Currently, he’s been married to Lakiha Spicer.

Has Mike Tyson been charged for rape?

Mike was charged with rape in 1992 and sentenced to six years in prison. He was released after three years on parole.

What is Mike Tyson’s boxing record?

Mike has 50 victories (44 Kos) and six losses.

Did Mike Tyson bite someone?

On 28th June 1997, Mike Tyson bite off a slice of Evander Holyfield’s ear.

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