Years After Losing His $400,000,000 Fortune, Mike Tyson Reveals What Bankruptcy Taught Him

In the year 2003, Mike Tyson announced in front of the world that he was facing serious financial problems and had filed for bankruptcy. Reportedly, by 2004, Tyson was in debt of $38.4 million dollars. So it was apparent that opting for bankruptcy was the only option for the former Heavyweight boxer. Regardless, Tyson has definitely made a comeback from those dark days, by investing smartly and treading his foot lightly after years of being a spendthrift. In his early years, he lived a hedonistic lifestyle and spent a lot of money on tigers, cars, and pigeons.

Recently, he was interviewed by Fox Business regarding the new partnership of his cannabis company, Tyson 2.0, with an Israeli medical cannabis company, InterCure, and in that interview, he also revealed what’s the most important thing he learned from his days of being bankrupt.

Mike Tyson talks about the lesson he learned from going bankrupt

After losing an estimated net worth of $320 million, Mike Tyson made a strong comeback. ‘Iron’ Mike is the greatest epitome of resilience, a human being is capable of. So during his appearance on The Claman Countdown, Liz Claman asked Tyson about the most valuable lesson he learned during that time. At the same time, requested him to share it with all the people.

Tyson replied that it’s all about the mindset, mainly because he went bankrupt financially, but it wasn’t a “spiritual bankruptcy”. And self-belief played a huge role in the anecdote of Tyson’s comeback, as he said, “If I did it once, I could do it again. And I could continue to do it over and over again and that’s what bankruptcy taught me.”

Now Mike Tyson has a plethora of business ventures and his income flow has become quite constant and multi-directional. Tyson has now become a full-fledged businessman.

Here’s how Mike Tyson fought bankruptcy and rebuilt his empire

After being slammed by the debts and bankruptcy, Tyson knew he needed to get back on his feet. So he started making a lot of big moves in his business side of life. And it’s still going on, as only a month ago, he released his own line of boxing gloves, which sell everything from hand wraps to competition gloves. And who’s a better judge of good-quality gloves than the man who held six world titles during his professional career? Additionally, very less people know, that Mike Tyson is a charitable man as well, and recently even a guest on his podcast thanked him for his altruistic nature.

Besides this, he also owns a cannabis business, Tyson 2.0, which was launched in 2021. This business was just an upgrade from his 40-acre cannabis ranch purchase in 2018. Additionally, his podcast, Hotboxin’ with Mike Tyson, started getting famous on the internet in 2019.

Read More: Despite Showing a Talent for Boxing, Mike Tyson Revealed His Wish for His Son to Joe Rogan: ”You Were Talking About Your Son Hitting Pads”

There’s no stopping Mike Tyson, as in 2022, just a year after the launch, ‘The Baddest Man on the Planet’ collaborated with ‘The Real Deal’, Evander Holyfield. Both boxers released the special ‘Holy Ears’ edibles, reminiscing their bout back in 1997 when Tyson infamously bit off Holyfield’s ears. And now, another big move in 2023 for Tyson 2.0 is their collaboration with InterCure for the millions of Israelis. What do you think about Mike Tyson’s financial comeback? Tell us in the comments section below.

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