Former boxing heavyweight champion Mike Tyson is making his in-ring return against fellow boxing great Roy Jones Jr. The eight-round exhibition match will take place on Sept. 12 in Carson, California. Today we’re to discuss Mike Tyson’s net worth in 2020.
With a professional record of 50 wins and six defeats, and two no contests, many consider Iron Mike one of the greatest heavyweights to ever step foot in the ring. The Hall of Famer also owns one of the strongest knockout punches in boxing history. In fact, ESPN named him no. 1 on the hardest hitters in the history of the heavyweight division.
Mike Tyson certainly made a ton of money putting people to sleep with his fists. During his prime, he was one of the most famous and highest-paid athletes in the world. Unfortunately, his career was also marred with plenty of controversy both inside and outside the ring.
Mike Tyson’s net worth in 2020 (estimate): $3-million
According to Forbes, Tyson made over $400 million throughout his 20-plus year career through boxing. That amount is roughly over $700-million when counting for inflation. Unfortunately, Tyson saw all of his fortune dissipate in 2003 due to his careless spending habits. That year, the aging boxing legend declared for bankruptcy, while reportedly having a debt of $23 million.
As high as the heights he reached in his boxing career, Tyson wasted his millions on lavish and luxurious things, like cars, houses, and jewelry, among others. He even spent a fortune on owning Siberian tigers, including maintenance for the big cats.
In 2020, Celebrity Net Worth estimates the 54-year old Tyson’s net worth to be at $3-million.
Tyson began his career on a flurry, winning each of his first 19 bouts via knock out. In 1986, Tyson defeated Trevor Berbick in the second round to capture his first heavyweight championship, becoming the youngest in boxing history. The year after, Tyson inked an eight-fight deal with HBO worth $27-million. After that contract, he signed a long-term deal worth $120-million with Showtime, which covered several of his premiere fights, including both of his bouts with Evander Holyfield.
Tyson continued his dominance in the ring until he suffered his first defeat against Buster Douglas in 1990, halting his 37 bout win streak to start his career. Soon after, controversies and legal battles began creeping in his life. Tyson was sentenced to six years imprisonment for rape. He spent four years in jail before returning to the ring 1995.
Tyson regained the WBC and WBA heavyweight titles once again in just his third fight back. In November 1996, Tyson defended the WBA heavyweight championship against Evander Holyfield, who also recently came back after retiring in 1994. Unfortunately, Tyson couldn’t hold on to the belt and lost to Holyfield via 11th round TKO.
The two heavyweight titans had a rematch seven months later, with Holyfield this time defending his newly-won WBA title. The match, however, ended in controversial fashion after Tyson infamously bit off a part of Holyfield’s ear during the third round. As a result, Tyson lost the fight via disqualification.
Tyson left $3-million less from his scheduled $30-million payday from the fight with the Nevada state boxing commission withholding that amount for the incident. In addition, he was also penalized $3-million by the Nevada State Athletic Commission.
Tyson made his in-ring return in 1999 and knocked out Francois Brotha. Unfortunately, he found himself going back to prison again after he assaulted two motorists after a traffic accident. This also resulted in a $5,000 fine.
Tyson later earned his highest payday in his mega-fight against heavyweight champion Lennox Lewis in 2002. Despite losing in convincing fashion, Tyson still pocketed $103-million from the bout, majority of which came from pay-per-view bonuses.
As mentioned earlier, Tyson declared bankruptcy in 2003. He finally retired from boxing in 2006. Despite losing over $400-million of his career earnings, it seems like Iron Mike has recovered his finances and is living a better life nowadays.
Per The Sun, Tyson managed to get back on his feet through a number of ventures following retirement. He held minor roles in television and film, most notably with The Hangover series. Moreover, he also had his own animated TV series. Tyson also became a New York Times best selling author with his book, The Undisputed Truth. Nowadays, Tyson also reportedly makes roughly half a million dollars a month through his cannabis business.
As for his properties, Tyson bought many houses throughout the peak of his career. Currently, he resides in a six-bedroom, 8,149 square-foot mansion in Henderson, Nevada, per The Sun. The former heavyweight champ reportedly bought the luxurious home in 2016. Tyson also owned over 100 cars throughout his career. He reportedly owned a rare $500,000 Bentley at one point and bought $1.5 million worth of cars within a matter of minutes.
Tyson’s story could have certainly gone wrong especially after he declared for bankruptcy in 2003. Fortunately, Iron Mike changed his ways, cleaned up his image, and is as successful as they come.
Now, the heavyweight boxing legend is ready to return to the ring for an exhibition match. Not only is he just going to fight, but he’s going to do so for a worthy cause. He will reportedly donate all of his earnings from the fight to help those in need during the coronavirus pandemic.
Nonetheless, were you surprised by Mike Tyson’s net worth in 2020?