What is Mike Tyson’s Net Worth? Mike Tyson accumulated hundreds of millions from fights and endorsements at the pinnacle of his career. While he accrued an estimated $300 million from boxing alone, he lost it all at one point – filing for bankruptcy in 2003.
As of 2024, Mike Tyson net worth is estimated to be $15 million.
This is quite the downfall for the former champion, mostly prompted by his excessive spending habits and bad decisions. Keep reading to discover how the famous “Iron” Mike Tyson turned a fortune that seemed boundless into just a few million. Tyson’s career was nothing short of impressive. Still, a series of financial setbacks made him lose his money at a whirlwind pace, and his current financial standing pales compared to the $685 million he reportedly had at one point.
Mike Tyson was the world’s undisputed heavyweight champion in the late 1980s. At his peak, he was one of the world’s most famous and highest-paid athletes. At age 20, he was the youngest champion in history. ESPN called him “The Hardest Hitter in Heavyweight History,” and Sky Sports dubbed him “the most ferocious fighter to step into a professional ring.”
Tyson remains a relevant pop culture in and out of the ring. Mike has appeared as himself in dozens of movies and television shows over the years, perhaps most memorably in “The Hangover” and “The Hangover II.” He also continues to participate in exhibition fights. On March 7, 2024, it was announced that Mike would fight Jake Paul in July 2024. The bout will be streamed live on Netflix.
Spending A Fortune
Mike lived a lavish lifestyle when money was rolling in. He wasted millions on mansions, cars, jewelry, extravagant gifts for strangers, and even a collection of Bengal tigers. His tigers cost $70,000 a pop and were housed in a custom-built habitat in his backyard. Mike kept an animal trainer on staff for $125,000 per year. Mike lavished money on his entourage as well.
For example, he kept a person on staff whose sole purpose was to wear army fatigues and shout “guerrilla warfare” at press conferences. For his services, this person was paid $300,000 per year. Mike was imprisoned between 1991 and 1995.
In the three years immediately following his release,
Mike Tyson spent the following amounts:
- $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 care for the big cats $100,000 per month on jewelry and clothes.
He also bought several homes. 50 Cent would later own his 21-room Connecticut mansion. This mansion featured a nightclub and casino. Mike also bought houses in Las Vegas, Ohio, and Maryland.
His Ohio mansion featured gold-plated furnishings, pools, and a basketball court. His $4 million Las Vegas property featured an 11,000-square-foot mansion that he remodeled from scratch. Mike has owned well over 100 cars during his lifetime. Some were extremely valuable and rare.
He owned a Bentley that was one of 73 total produced and cost $500,000. After totaling a Range Rover in 1995, he told the repair shop to “keep it.” He would frequently lend cars to friends and acquaintances, then forget about them. He bought 20 cars at one Las Vegas dealership alone. That dealership, Jim Chaisson Motors, is where Mike spent $1.5 million in a few minutes one day, buying five Bentley Azures.
The dealership only had two in stock and had to order the remaining three fast-tracked from Rolls-Royce. One of the most outlandish purchases Tyson ever made was a $2 million golden bathtub for his first wife, actress Robin Givens. According to legend, he would periodically buy strangers lavish gifts like $100,000 watches.
Mike Tyson and problems
Around 1988, Mike Tyson’s personal life began deteriorating. He was in the process of divorcing his then-wife, Robin Givens. He fired his longtime coach and mentor, Kevin Rooney. Without Rooney by his side, he began to fall like a boxer. This showed in 1990 when he lost his undisputed title to Buster Douglas. Mike Tyson was fit and overweight when he bowed to the shoddy Douglas.
Mike was later arrested for allegedly raping 18-year-old model Desiree Washington. He easily won his first two comeback fights and got many pay-per-views. Mike Tyson’s Annual Salary and Earnings: Now retired from boxing, Mike’s main source of income is his acting career. His recent credits include the film Entourage, Ip Man 3, and The Mysteries of Mike Tyson. That earns him about $ 2 million a year. How much money did Mike Tyson make after the fight? Mike Tyson earned over $ 20 million per fight at the height of his career. For his second fight against Evander Holyfield on June 30, 28, he received up to $ 1997 million.
How did Mike Tyson build his net worth?
Mike Tyson was the undisputed boxing world heavyweight champion, holding the record for the youngest boxer to win the heavyweight title at 20 years, four months, and 22 days old.
Tyson was also the first-ever heavyweight to simultaneously hold the WBC, WBA, and IBF titles and the only heavyweight to unify the belts. Tyson competed in the Junior Olympics, winning a gold medal, and turned pro at 18.
Mike was a terrifying opponent, and it took him longer than necessary to become the champ because no one wanted to fight the knockout artist. Mike won 26 28 fights by KO or TKO, and many boxing experts view him as the greatest heavyweight of all time, alongside Muhammad Ali. He will go down as one of the sport’s most outstanding — and fearsome — fighters, alongside Floyd Mayweather, Manny Pacquiao, and Tyson Fury(named after him).
While Tyson netted millions throughout his career, his relationship with Robin Givens destroyed the boxer’s wealth and mental health. Many boxing enthusiasts say Mike would have been the greatest if he had never met her. Mike returned to the ring in 2021 for an exhibition match with Roy Jones Jr, landing him a $10 million purse and quadrupling his wealth overnight. We expect him to make even more from his fight with influencer Logan Paul.
Mike Tyson Net Worth:
Acting Career and Earnings This table presents the estimated revenues from Mike Tyson’s projects, including his one-person show “Undisputed Truth” and his appearances in movies and TV shows, totaling an estimated $6 million.
| Project | Revenue (Estimated) |
| One-Man Show “Undisputed Truth” | $5 million (tour lifetime) |
| Movies and TV Shows | $0.5 million/project |
| Total | Total $6 million |
Let’s explore the factors contributing to Mike Tyson’s net worth in 2024:
1. Boxing Earnings
- Career earnings from professional boxing fights.
- Revenue from pay-per-view (PPV) sales.
- Endorsements and sponsorships during his active boxing career.
2. Business Ventures
- Investments in various business ventures.
- Ownership stakes in companies.
3. Entertainment Career
- Income from acting roles in movies and TV shows.
- Earnings from public appearances and endorsements in the entertainment industry.
4. Mike Tyson’s Ranch
- Revenue generated from Tyson Ranch, his cannabis business.
5. Merchandising
- Sales from Mike Tyson-branded merchandise.
- Licensing deals and partnerships.
Mike Tyson Journey
In the 1980s, Mike Tyson became the youngest heavyweight champion at just 20, making him a boxing legend. His forceful battling style, speed, and obliterating knockout power made him an amazing powerhouse in the ring. Even in 2024, Tyson’s heritage in the game remains unrivaled.
Early Career (1985-1986)
- Tyson’s explosive start: 19 wins, all by knockout, in his first year as a pro.
- Becomes the youngest heavyweight champion in history at 20 by defeating Trevor Berbick in 1986.
Peak Years (1987-1990)
- Dominance in the ring: 37 wins, 33 by knockout, in just over three years.
- Unified the WBC, WBA, and IBF titles, holding them simultaneously.
- Notable victories over Larry Holmes, Tony Tucker, and Michael Spinks.
Downfall and Personal Struggles (1990-1992)
- A shocking upset loss to Buster Douglas in 1990, ending his undefeated streak.
- Legal issues, including a rape conviction, lead to a three-year prison sentence.
- Released from prison in 1995, Tyson faces challenges rebuilding his career and personal life.
Comeback and Later Years (1995-2005)
- Tyson’s return to the ring was marked by high-profile fights.
- Controversial bouts with Evander Holyfield, including the infamous “Bite Fight” in 1997.
- Decline in performance and personal struggles, retiring in 2005 after losing to Kevin McBride.
Legacy
Despite controversies and setbacks, Tyson remains one of the most iconic and polarising figures in boxing history.
He is known for his ferocious style, devastating power, and quick knockouts.
Mike Tyson’s Career Milestones This table outlines key moments in Mike Tyson’s career, from becoming the youngest heavyweight champion to his retirement from professional boxing.
| Year | Milestone |
| 1986 | Youngest Heavyweight Champion at age 20 |
| 1987 | Unified the WBA, WBC, and IBF heavyweight titles |
| 1992 | Declared bankruptcy |
| 1995 | Released from prison |
| 2002 | Retired from professional boxing |
How rich is Mike Tyson?
With an estimated net worth of $13 million, “Iron” Mike Tyson continues to grow his wealth through investments in cannabis ventures and exhibition boxing matches.
FAQs
What are a few experiences in Mike Tyson’s initial life, and how did they mold his boxing vocation?
Tyson’s initial life in Brooklyn, set apart by difficulties and contribution with road possessions, moved when he found boxing. Directed by coaches like Bobby Stewart and Cus D’Amato, Tyson diverted his hostility into turning into the undisputed heavyweight champion.
How has Mike Tyson dealt with his monetary rollercoaster throughout the long term?
Despite bowing out of all financial obligations in 1992, Tyson returned in the saddle in the 2000s and expanded into diversion during the 2020s, adding to his assessed total assets of $10 million in 2024.