Mike Tyson Net Worth: How Did He Spend His Luxurious Life?

By Jasmine Last updated Dec 29, 2022

American former professional boxer Michael Gerard Tyson (born June 30, 1966) competed from 1985 until 2005. Tyson is regarded as one of the best heavyweight boxers of all time. Tyson was given the nicknames “Iron Mike” and “Kid Dynamite” in his early career before becoming known as “The Baddest Man on the Planet” later. From 1987 through 1990, he held the undisputed heavyweight title. 12 of Tyson’s first 19 professional victories by knockout came in the opening frame.

Tyson holds the record for being the earliest boxer to ever win a heavyweight title, taking home his first trophy at the age of 20 years, four months, and 22 days. The only heavyweight to successfully unify the WBA, WBC, and IBF belts in succession, he was the first heavyweight boxer to do so.

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Mike Tyson Early life

By the age of 13, Tyson had been arrested for 38 crimes, often fighting bigger youths who made fun of his voice (Tyson speaks with a lisp). Tyson also worked with Kevin Rooney from a young age. When Tyson’s mother passed away when he was 16, D’Amatto became his legal guardian.

What is the net worth of Mike Tyson?

According to The Celebrity Net Worth, The undisputed heavyweight champion of the world in the late 1980s was retired American boxer, Mike Tyson. Mike Tyson has a $10 million net worth as of this writing. Mike was one of the most well-known and well-paid athletes in the world in his prime. At age 20, he was the most recent champion in history. Unfortunately, he lost or was defrauded of a personal wealth that at its height exceeded $300 million. In 2003, Mike filed for bankruptcy. He was reported $23 million in debt at that time, per the bankruptcy filing.

Mike Tyson made at least $430 million in purses and sponsorships throughout the course of his career, or almost $700 million when inflation is taken into account.

He was referred to as “The Hardest Hitter in Heavyweight History” by ESPN and “the most vicious fighter to go into a professional ring” by Sky Sports. Tyson was a skilled fighter, but scandal both inside and outside the ring tarnished his reputation.

Mike Tyson Early Career

At the Junior Olympic Games in 1981 and 1982, Tyson won gold as an amateur by defeating Joe Cortez in 1981 and Kelton Brown in 1982. In the opening round, Brown’s ally gave up. At the 1984 National Golden Gloves competition in New York, Tyson defeated Jonathan Littles to take home the gold medal. In two amateur fights against Henry Tillman, he was defeated by decision each time. At the Los Angeles Summer Olympics in 1984, Tillman went on to win the heavyweight gold medal.

How Did He Spend His Luxurious Life?

Mike was known for leading a luxurious lifestyle. He frittered away millions of opulent gifts for strangers, homes, vehicles, jewelry, and even a collection of Bengal tigers. His tigers were kept in a specially constructed habitat on his lawn and cost $70,000 each. Mike spent $125,000 annually on keeping a pet trainer on staff.

Mike also showered money on his group. For instance, he kept a staff member whose only responsibility was to attend news briefings dressed in army fatigues and shouting “guerrilla warfare.” This individual received an annual salary of $300,000 for his services.

Mike spent the years 1991 to 1995 incarcerated. Mike spent the following sums over the three years following his release:

$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 jewelry and clothes

Tyson has owned well over 100 cars during his lifetime. He would lend cars to friends and acquaintances, then forget about them. He bought 20 cars at one Las Vegas dealership alone. One of the most outlandish purchases Tyson ever made was a $2 million golden bathtub for his first wife.

Personal Life

Mike Tyson has been married three times and is the father of seven children, one deceased, with three women. His first marriage to Robin Givens was tumultuous, with allegations of violence, spousal abuse, and mental instability on Tyson’s part. The couple had two children; son Amir and Ramsey who is non-binary. On May 25, 2009, Tyson’s daughter Exodus was found by her seven-year-old brother Miguel unconscious and tangled in a cord, dangling from an exercise treadmill. Tyson wed for the third time, to longtime girlfriend Lakisha “Kiki” Spicer, age 32, on June 6, 2009.

Conclusion

Mike Tyson was born June 30, 1966, in Philadelphia, United States. He was known as “Iron Mike” and “Kid Dynamite” during his boxing career. Tyson holds the record for being the earliest boxer to ever win a heavyweight title at 20 years, four months, and 22 days. Mike Tyson was known for leading a luxurious lifestyle. He frittered away millions of opulent gifts for strangers, homes, vehicles, jewelry, and even a collection of Bengal tigers.