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YEKATERINBURG, RUSSIA – SEPTEMBER 6, 2018: American professional boxer Mike Tyson during a press conference following a boxing masterclass for RCC Boxing Promotions boxers and children at the Martial Arts Academy established by the Russian Copper Company. Donat Sorokin/TASS (Photo by Donat SorokinTASS via Getty Images)
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YEKATERINBURG, RUSSIA – SEPTEMBER 6, 2018: American professional boxer Mike Tyson during a press conference following a boxing masterclass for RCC Boxing Promotions boxers and children at the Martial Arts Academy established by the Russian Copper Company. Donat Sorokin/TASS (Photo by Donat SorokinTASS via Getty Images)
Mike Tyson is one of the biggest names in the sport of boxing. Back in his prime, ‘Iron Mike’ was a bonafide star throughout the world and was part of some of the biggest fights in the world. And even today, Tyson is never far away from the headlines.
Boxing is one of the most lucrative sports in the world. And the superstars of the sport live lavish luxury lifestyles, thanks to their earnings. It was no different with Mike Tyson. And now, the former world champion has revealed the highest paycheck he received during his professional career.
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ATLANTIC CITY, NJ – JULY 21: Mike Tyson and Don King celebrates after Tyson defeated Carl Williams for the WBA, WBC and IBF heavyweight tittles on July 21, 1989 at the Convention Hall in Atlantic City, New Jersey. Tyson won the fight with a knock out in the first round. (Photo by Focus on Sport/Getty Images)
The 50-6 boxer spoke to rapper Polo G on an episode of ‘Hotboxin with Mike Tyson,’ and spoke about money in boxing. After telling Polo G and co-host Henry Cejudo about his first earning of $500 from a fight, Cejudo asked him about his biggest payday.
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READ MORE: “By Knowing That I’m Stupid”: Mike Tyson Reveals How He Changed His Life
What did Mike Tyson do with his money?
The revelation from Mike Tyson showed just his incredible earning capacity. Moreover, it proved that boxing is truly a lucrative sport. However, Mike Tyson and money have not always been a success story. So what did the former heavyweight champion do with all his money?
Tyson’s financial struggles have been well documented throughout his career. With money and fame came bad company and habits. Tyson lived a lavish lifestyle buying the best houses, the best cars, and even spending on things like pet tigers and expensive parties.
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LAS VEGAS – CIRCA 1989: Mike Tyson poses with his white tiger during an interview at his home.
(Photo by: The Ring Magazine via Getty Images)
Ultimately, things did not work out well for the legendary boxer. He had to file for bankruptcy in 2003 after bad financial management and divorce settlements left him with large debts.
Despite this, he has turned it around, and as he mentioned, now makes similar amounts of money even without fighting professionally.
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What do you make of Mike Tyson’s biggest payday? Do you think ‘Iron Mike’ deserved that kind of money?
WATCH THIS STORY: Five Insane Facts About Mike Tyson
