Share

Michael Gerard Tyson, widely known as Mike Tyson, is a legendary figure in American boxing history.

Tyson was an undisputed heavyweight boxing champion between 1987 and 1990.

Outside the ring, Tysons personal life has been a hot topic in tabloids for many years.

Article image

But to get a grasp of his downfall, its important to go back to where it all began.

Luxury Purchases and Financial Mismanagement

Mike Tyson spent his money like hed never run out.

His purchases included run-of-the-mill luxury goods like luxury cars, designer clothes, and expensive jewelry.

Mike Tyson in the boxing ring, highlighting his career and fluctuating net worth.

He also allegedly had an on-call animal trainer to whom he paid $125,000 annually.

Share iconImage credits:@miketyson

He dropped a shocking $2.2 million on the sanitary ware.

Their short marriage was brimming with issues, with Givens accusing Tyson of abuse.

Mike Tyson smiling, wearing a beige shirt, with friends in a lively crowd, highlighting his net worth recovery journey.

She alleged that he had raped her back in 1991 when she was just 18 years old.

This subsequently led to Tyson suing King for a whopping $100 million.

He also struggled with drug addiction for a few years.

Black and white courtroom scene with individuals seated, related to Mike Tyson’s net worth journey.

Tyson retired from boxing in 2005 and subsequently engrossed himself in multiple businesses and projects.

Kid Dynamite made several cameos in HBOs Entourage and the 2006 film Rocky Balboa.

Tyson has also appeared in documentaries and series, including the animated series Mike Tyson Mysteries.

He is currently developing a three-episode docuseries withNetflix.

The company aims to conquer the global cannabis market.

Their mission is to offer extraordinary quality and affordable products.

In 2024, Iron Mike announced that the company would also start offering its own line of cannabis seeds.

They also want to tap into the UKs highly restrictive medical marijuana industry.

Tyson 2.0 is one of the major avenues that played into Tysons financial recovery.

The podcast became a tremendous hit, largely thanks to its fan bases wide range of age groups.

In 2020, Tyson fought Roy Jones Jr. in eight two-minute rounds, which ended in a draw.

More recently, Tyson fought YouTuber turned boxer Jake Paul on November 15, 2024.

According toBleacher Report, despite Paul emerging as a winner, Tyson earned $20 million from the fight.

The Jake Paul fight was streamed live on Netflix and contributed significantly to his net worth.

Whats Next for Mike Tyson?

Check out the results: