Mike Tyson made half a billion dollars from his boxing career but has only a fraction of it left after years of wasteful spending.
Mike Tyson once had a fortune of nearly 500 million USD (more than 10 trillion VND) at his peak. However, at the present time, at the age of 58, the legendary boxer only has about 10 million USD left. This figure is only half of the bonus he will receive when he returns in the upcoming exhibition match.
“My last million dollars was spent on rehabilitation. The $500 million I made from my boxing career is gone,” The Sun quoted Mike Tyson as saying. Perhaps this is part of the reason he decided to return to the ring.
In 2003, Mike Tyson filed for bankruptcy with debts of up to 23 million USD (including 13 million USD in tax debt). The American boxer is considered a “money-making machine” and also a notorious playboy, willing to spend huge amounts of money to satisfy his hobbies.
By far, Mike Tyson’s biggest purchase was real estate. The boxing icon owns several million-dollar mansions across the United States. Mike Tyson’s previous permanent residence was a 52-room, 5,000-square-foot house in Connecticut. When he first filed for bankruptcy, Mike Tyson sold the mansion to rapper 50 Cent for $4.4 million.
In 1999, Mike Tyson sold another mansion in Ohio to solve financial problems. The place was later converted into a church. Monica Turner – Mike Tyson’s ex-wife – received a house in Maryland after the divorce. The breakups also cost Mike Tyson millions of dollars.
Mike Tyson’s most famous property is the house featured in The Hangover. The boxing legend sold it in 2016 to buy a nearly $3 million mansion in Las Vegas. Mike Tyson still lives there and spends about $300,000 a year on maintenance.
Mike Tyson used to own many expensive villas but had to sell them to pay off debts or divide them with his ex-wife after the divorce.
Mike Tyson also plays with supercars like many other stars. He once spent about 4.5 million USD for this purpose. The Sun estimates that there are more than 100 cars worth hundreds of thousands of USD that have passed through the hands of the American boxer.
A special hobby associated with Mike Tyson’s personality is… pets. The boxing legend has 3 Bengal tigers, each worth 70 thousand USD. They once appeared with Mike Tyson’s mansion in the movie The Hangover. The cost of raising these 3 tigers is up to 200 thousand USD per year, not to mention the salary of about 125 thousand USD for the caretaker.
It was rumored that Mike Tyson kept 3,000 pigeons, which were kept in specially designed cages that cost around $3,000 each.
Mike Tyson used to have 3 tigers.
He spends about $100,000 a month on clothes, not to mention jewelry and accessories. At his peak, there were events where Mike Tyson appeared in clothes, watches, necklaces, and rings worth over $1 million.
Speaking of spending money, of course we can’t help but mention parties. Mike Tyson spent over $400,000 on his 31st birthday party, which at today’s exchange rate is about over 10 billion VND.
He also spends money quite generously on his relatives, such as the $2.2 million diamond ring he gave his ex-wife as a Christmas present. Whenever he wants to have a private date, Mike Tyson often spends $10,000 to cover all his favorite places.
At the age of nearly 60, when he no longer earns as much money as he did in his prime years, Mike Tyson spends money on medical treatment and drug rehabilitation. He no longer spends lavishly, perhaps because his remaining assets are not enough to pursue expensive hobbies.
