Mike Tyson Net Worth

Mike Tyson reigned as the undisputed world heavyweight champion from 1987 to 1990 and is often considered the best heavyweight boxer. 'Iron Mike' always made headlines for his Boxing accolades or his much-discussed lifestyle. Tyson's in-ring career brought him into popular culture, starring in movies like Hangover, IP Man, and Rocky Balboa and guest appearing in TV shows like How I Met Your Mother, The Last O.G., Webster, and many others.

Tyson is set to make his boxing comeback on November 15, 2024, against the YouTuber turned-boxer Jake Paul at the AT&T Stadium in Texas, United States.

What is Mike Tyson's net worth in 2024?

According to Celebrity Net Worth, Mike Tyson's net worth is $10 million as of 2024. For someone who's had such an illustrious career as Tyson's had, money shouldn't be a problem. However, he lost most of that money due to lawsuits and being a lucrative spender, which included buying expensive mansions, cars, and, we all know, the story of the big cats he owned. In 2003, Tyson filed for bankruptcy, as it was reported he was $23 million in debt.

Podcasting and his recent bout with Roy Jones Jr. have contributed to his current net worth hike.

Also Read: What does Mike Tyson do today?

Mike Tyson's endorsements

In 1986, when Tyson became the youngest heavyweight champion in history, he got endorsement deals from notable brands like Pepsi, Nintendo, Eastman Kodak, and EA Sports, to name a few. However, when it came out that Tyson was hitting his then-wife Robin Givens, naturally, brands began to distance themselves away from him.

Mike Tyson's most recent endorsements include starting his ranch and merchandise. He even started a new auditory edible, "Mike's Bites," referring to his incredible fight with Evander Holyfield.

Tyson cleared his public image by appearing in various movies and TV shows, which earned him new endorsements. Mike Tyson also got recent sponsorships from brands like CopperGel, Black Energy Drink, Smart Cups, etc.

Mike Tyson's house

Tyson currently resides in Henderson, Nevada. According to reports, Tyson bought the 8,148-square-foot mansion in 2016 for £2.5 million.

For those of you wondering, it's not the house they showed in the Hangover movie. The place that they used in the film is the famous 'Seven Hills Mansion' in Las Vegas. Tyson listed that house in 2016 for 1.5 million dollars.

Mike Tyson's investments

Besides small business ventures, Tyson had his eyes set on legal cannabis. Hence, in 2017, he founded the 'Tyson Ranch,' which approximately sells over£500,000 worth of Medical Marijuana per month.

He hosts his popular podcast, "Hotboxin' with Mike Tyson," near the ranch.

Some of the Most Popular Mike Tyson Quotes

How did Mike Tyson lose so much money?

Tyson admitted that coming from the streets, he never knew how to manage his money. He was seen as a careless spender. He frequently bought expensive houses, cars, and giant wild animals. He was also exploited for millions by his promoter, Don King. Tyson later sued King for 100 million dollars.

Also Read: What is Don King's Net Worth?

He lost all his endorsement deals as in 1992, Tyson was convicted of rape and sentenced to 6 years but was released on parole after serving half the term. Due to all this, the heavyweight King of the world filed for bankruptcy in 2003 as it was reported he was $23 million in debt.

In an interview with Graham Bensinger, Tyson was asked about his spending habits, and he had this to say-

"That’s just how I lived my life. That’s my addictive personality, that’s a lot of things, that’s my ego, that’s so many other things,"

"From me being poor and never having anything, from me being bitter, angry from being in prison. It stems from a lot of things."

Also Read: Why is Mike Tyson's net worth so low?

What does Mike Tyson spend money on?

As mentioned above, Tyson was a heavy spender. He bought cars like the 1997 Bentley Continental T for 500,000 dollars, a Jaguar XJ220 for a reported 470,000 dollars, and a Bentley Azure, which cost him a whopping 1.5m dollars.

The famous pet tigers he owned reportedly cost him around $60,000 per tiger. Tyson also spent nearly $400,000 on maintaining his beloved pigeons and tigers.

For his 30th birthday, Tyson threw a party worth $580,000 and had celebrities in-house, including Donald Trump.

Tyson bought an estate for $4 million and sold it to 50 Cent for $3 million during bankruptcy. Mike is said to have gifted Robin Givens, his then-wife, a golden bathtub worth $2 million.

Moreover, Tyson started his cannabis empire called the Tyson Ranch as his latest venture, along with other merchandise on Tyson 2.0.

See Here: What does Mike Tyson's Workout Routine comprise?

Mike Tyson's charity work

Mike Tyson claims himself to be a "product" of poverty and has an organization running the name of the Mike Tyson Cares Foundation. The primary aim of this organization is to fund lower-income people and give them a fighting chance.

Per several reports, Mike Tyson seems to donate a lot of money from his earnings to various programs and help people in need.

*Last updated on November 7, 2024.