Home/Boxing

via Imago

via Imago

When the name Mike Tyson is uttered in the boxing realm, enthusiasts are often sent into a spiral of nostalgia. The former heavyweight champion has held a legacy unmatched by none. His narrative is a mix of triumphs and turmoil in its truest sense. The New York native rose to notoriety in the mid-80s for his boxing prowess that shook the world.

An official name in the International Boxing Hall of Fame, ‘Iron Mike’ ended his pro-boxing career with 58 fights, having a stellar record of 50 victories, 44 through knockout. While his achievements in the ring gave him the name that he truly deserved, what it also gave him was a series of fat cheques that made him extremely rich. At one point in time, his net worth was around $400 million, but that did not last long. In his later years, the boxer would file for bankruptcy, ending up in a dire situation. Speaking about his lavish lifestyle, the boxer elaborated on where he went wrong with his spending habits in his latest episode of Hotboxin with Mike Tyson.

Mike Tyson discusses spending habits with Former NFL star Antonio Brown

ADVERTISEMENT

Article continues below this ad

In the recent episode of his renowned podcast, Mike sat down with Ex NFL star, Antonio Brown to discuss a variety of things. One of the topics was the spending patterns of both Brown and Mike. With a stellar net worth of $30 million, AB claimed that he is very careful when it comes to his spending.  Elaborating on how he has done this, the footballer said, “I save my money man. My house is in the trust. I’m protected. I made a lot of money playing football so you know I’ve done it right for myself, and protecting myself so.” 

Chiming in was once the lavish spender, Tyson. Comparing his spendthrift nature to the spending habits of AB, the boxer said, “When I was young, I didn’t wanna save my money. F*ck no. Hell no baby.” Further, the footballer asked Tyson if he spent a lot of money on women in his early days.

“I heard you were spoiling a lot of women, ” AB stated, to which the boxer replied in affirmative.

Elucidating on the lavish lifestyle he lived, the former world champion outlined that his crew would travel in first-class flights and live the fanciest lives possible. Jokingly, he added, “I play serious. I play for keep.”

How did Mike Tyson build back his financial stability?

In 2003, once, one of the richest fighters in the world, Mike Tyson filed for bankruptcy. A hefty bank balance that he had earned through his fights and endorsements went to waste.  As his net worth plummeted, the world saw the effects his reckless lifestyle had. In the 90s itself, the fighter ceased to make headlines for his boxing prowess but rather started making a lot of noise for his out-of-the-ring antics.

 

View this post on Instagram

 

A post shared by Mike Tyson (@miketyson)

ADVERTISEMENT

Article continues below this ad

Splurging on parties, women, and booze, the fighter found himself counting pennies in the darkest hour of his life. Most believe that his downfall began in the year 1997 when he bit off his opponent, Evander Holyfield’s ear in a lethal clash in the boxing ring. This nudged the Nevada State Athletic Commission to rescind Tyson’s boxing license. Further, it blocked him from competing for a year.

Also Read: “Had a Temper He Couldn’t Control”: On Tupac Shakur’s 27th Death Anniversary, Mike Tyson Confides in Antonio Brown About His Late “Good Heart” Friend

A fighter who once commanded a whopping $30 million payout for a fight, saw himself struggling to make ends meet. But little did the world know that the name that resonated in the boxing arena is not one that would go down without a fight. In the wake of his bankruptcy, Tyson knew that he had to build back what he had lost. Along with making movie appearances, and his one-man show “Undisputed Truth”, he started his cannabis business, pushing his net worth to where it stands today at a stellar $10 million. Such is the story of Iron Mike. Resilience, courage, and strength, he embodies them all.

ADVERTISEMENT

Article continues below this ad

What do you think of the fighter’s financial struggles? Let us know in the comments section below.

Watch This Story: Floyd Mayweather Addresses Viral Rumors About Him Witnessing Tupac Shakur’s Murder