michael gerard tyson born on june 30th 1966 is a former american professional boxer who competed
from 1985 to 2005. he was nicknamed iron mike and kid dynamite in his early career and later
known as the baddest man on the planet tyson is considered one of the greatest heavyweight
boxers of all time as of this recording mike tyson has an estimated net worth of 10 million dollars
during his heyday mike was one of the most famous and highest paid athletes in the world
he was the youngest champion in history at the age of 21. unfortunately he squandered and or was
cheated out of a personal fortune that topped 300 million dollars at his peak mike tyson declared
bankruptcy in 2003 and according to the bankruptcy filing he was reportedly 22 million dollars in
debt at that point during his career mike tyson earned at least 430 million dollars in purses
and endorsements espn called him the hardest hitter in heavyweight history and sky sports
dubbed him the most ferocious fighter to step into a professional boxing ring although tyson
was a talented boxer his reputation was marred by controversy in and out of the ring in 1987 mike
signed a 27 million dollar eight fight contract with hbo that ran through his bout against alex
stewart now tyson defeated alex stewart in two minutes and 27 seconds he then signed
a long-term 120 million dollar contract with showtime that covered several matches including
holyfield 1 and 2. for years it's been widely understood that a large chunk of his earnings
at least his pay-per-view earnings were taken by promoter don king a court case would later reveal
that mike's contract with don king entitled the promoter to 30 percent of his earnings
now this was technically illegal in nevada it's been alleged that after mysterious additional fees
don would take 50 percent off the top before cutting a check to mike example
fees would include a hundred thousand dollars per fight to don king's wife as a consultant fee
don king's sons were also paid fifty thousand dollars per fight for consulting fees at his
peak mike tyson was paying the president of the mike tyson fan club a thousand dollars per week
the president turned out to be don king's daughter at other times his earnings were garnished by
creditors like the irs for example tyson was paid 8 million dollars to fight danny williams in 2004
unfortunately six million dollars of those earnings were directly
garnished by the irs leaving mike with two million dollars personally for his efforts
mike tyson lived a famously lavish lifestyle at his peak he wasted millions on mansions
cars jewelry extravagant gifts for strangers and even a collection of bengal tigers his
tigers cost 70 thousand dollars and were housed in a custom-built habitat in his backyard mike
kept an animal trainer on staff at a cost of a hundred and twenty-five thousand dollars per year
mike tyson lavished money on his entourage as well now this is just one 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 three hundred thousand dollars per year mike tyson was
imprisoned between 1991 and 1995 and immediately following his release mike spent the following
amounts of money he spent four hundred thousand dollars on pigeons and a variety of big cats
such as his siberian tigers 125 000 per year for an animal trainer to take care of the big cats
4.4 million dollars on cars and motorbikes 19 of those vehicles he bought for friends
230 000 on cell phones pagers and phone bills 100 000 per month on jewelry and clothes
he spent three hundred thousand dollars on lawn care and also garden maintenance two hundred
and forty thousand dollars per month for walking around money that he spent in daily life he also
bought several homes his 21-room connecticut mansion would later be owned by 50 cent this
mansion featured a nightclub and a 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 proceeded to remodel from scratch
mike tyson has owned well over 100 cars during his lifetime some were extremely valuable and
rare he owned a bentley that was one of only 73 that were manufactured in the world and cost five
hundred thousand dollars after wrecking 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 chase and motors is
where mike spent 1.5 million dollars 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 two million dollar golden bathtub for
his first wife actress robin givens according to legend he would periodically buy strangers
lavish gifts like hundred thousand dollar watches mike tyson has called las vegas home for much of
the last two decades in vegas he earns a healthy living making personal appearances at parties and
corporate events mike charges 75 thousand dollars for a two-hour personal appearance throughout the
highs and lows mike tyson is kept consistent and continues to enjoy a new kind of success today
which we hope grows well and flourishes into the future thanks for watching today leave us
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