Mike Tyson has had a formidable profession—and quite an interesting life.
The previous world heavyweight champion, who claimed the title at just 20 years old, faced significant problems after rising to the highest so early and coming into quite a lot of money. Now that the 58-year-old boxing legend is about to face off against 27-year-old Jake Paul in Netflix’s live-streamed sports event, take a take a look at Tyson’s current net value, together with among the more controversial elements of his past.
What Is Tyson’s Net Value?
Tyson’s estimated net value is $10 million, in line with Celebrity Net Value.
Was Tyson Bankrupt?
In line with The Recent York Times, Tyson had earned no less than $400 million before filing for bankruptcy in 2003.
Considered one of the important thing aspects behind his financial struggles was his lavish lifestyle. He spent $4.5 million on cars and motorcycles, including 19 vehicles bought for friends. Tyson also spent $400,000 on pigeons and exotic animals, equivalent to Siberian tigers.
(Photo by: The Ring Magazine via Getty Images)
Moreover, Tyson owed over $51,000 in back child support, and his assets were reported to range between $10 million and $50 million, in line with his bankruptcy filing.
In total, the previous heavyweight champion carried $27 million in debt on the time of his bankruptcy.
Did Tyson Go to Jail?
Yes, Tyson did go to jail. He was sentenced to 6 years in prison and served about three years before being released on parole.
In July 1991, Tyson, then 25 years old, was arrested for the assault of 18-year-old Desiree Washington in an Indianapolis hotel room. Despite maintaining his innocence, Tyson was convicted of rape. Under federal law, he’s required to register as a sex offender for the remaining of his life.
In 2003, during an interview with Fox News Network, Tyson referred to Washington as “a lying, monstrous young lady,” adding, “I just hate her guts.”
“She put me in that state, where I don’t know… But now I actually do need to rape her and her … mama,” he added, claiming that Washington accused him of the 1991 assault because she was “money hungry.”
When Was Tyson’s Last Fight?
The previous heavyweight world champion has not fought in an expert bout since 2005, when he suffered a sixth-round loss to Kevin McBride. Since then, Tyson has participated in exhibition matches, including a 2020 showdown against fellow veteran Roy Jones Jr., which led to a split draw.
How Much Is Tyson Getting Paid for the Fight?
Promoters haven’t revealed exactly how much Tyson will earn for Friday’s fight, but reports from online sources, including DraftKings Network, estimate he’ll make around $20 million.
In comparison with his previous earnings, the difference in pay is important. After being released on parole and returning to boxing in 1995, Tyson earned $30 million for every of his next 4 matches. This included the infamous 1997 bout against Evander Holyfield, wherein Tyson bit off a part of Holyfield’s right ear. Tyson was disqualified from the fight, had his boxing license revoked, and was fined $3 million, but he was allowed to maintain his purse from the fight.
In contrast, Paul is about to earn $40 million, in line with estimates from DraftKings Network and other sources. The social influencer, with 27 million followers on Instagram alone, can be the co-founder of Most Beneficial Promotions (MVP), the corporate promoting the event in partnership with Netflix.
How Long Is the Fight?
Tyson and Paul will face off in eight, two-minute rounds.
