|Mike Tyson Net Worth:||$10 million|
|Born:||June 30th, 1966 (56 Years Old)|
As one of the most iconic and successful boxers in history, it’s no surprise that Mike Tyson has a hefty net worth. With a career spanning more than 25 years, Tyson has earned millions in salary and endorsement deals. In this blog post, we’ll take a look at how Mike Tyson made his money and what his net worth is today. So read on to find out more about the “Baddest Man on the Planet!”
Early Life Of Mike Tyson
On July 30, 1966, in Brooklyn, New York, Tyson was born. Tyson’s father, Jimmy Kirkpatrick, left his family when he was two years old. His mother, Lorna Mae Tyson, raised him and his two siblings in Brownsville, Brooklyn. As a child, Tyson was often bullied and got into a lot of fights.
In order to keep him out of trouble, Tyson’s mother enrolled him2 in the Catskill Boxing Club when he was just 12 years old. It was there that he met trainer Cus D’Amato. Under D’Amato’s tutelage, Tyson quickly developed into a top amateur boxer. He won the Junior Olympic Boxing Championship in 1981 and 1982.
Read: Rod Wave Net Worth 2023
Early Boxing Career Of Mike Tyson
Mike Tyson’s professional boxing career started when he was just 18 years old. In March 1985, he made his debut against Hector Mercedes and won the fight by knockout in the first round. This set the tone for Tyson’s future boxing career as he went on to win his next 27 fights, 26 of which were by knockout.
In 1986, Tyson became the youngest heavyweight boxing champion in history when he defeated Trevor Berbick to win the World Boxing Council (WBC) title. He then went on to unify the heavyweight titles by defeating James Smith and Pinklon Thomas to claim the World Boxing Association (WBA) and International Boxing Federation (IBF) titles respectively.
Breakthrough Of Mike Tyson
Mike Tyson’s first professional bout was against Hector Mercedes on March 6, 1985. He won the fight by knockout in the first round. In November of that year, he had his first world title match against Trevor Berbick for the World Boxing Council heavyweight championship, which he also won by knockout in the second round. This made him, at 20 years old, the youngest heavyweight champion in history. He defended his title nine times between 1986 and 1990, winning all but one of his fights by knockout.
In 1988, Tyson married actress Robin Givens but the couple divorced after just one year. During this time, Tyson’s behavior became increasingly erratic and he was arrested several times for assault.
Must Read: James Corden Net Worth 2023
In February of 1992, Tyson was convicted of rape and sentenced to six years in prison. He was released on parole in March of 1995 and resumed his boxing career. In 1996, he regained the WBA heavyweight title with a knockout win over Frank Bruno.
In 1997, Tyson infamously bit the ear of opponent Evander Holyfield during a fight, resulting in his being disqualified. He was fined $3 million and suspended from boxing for 15 months.
In 1999, Tyson fought again for the heavyweight title but was defeated by Lennox Lewis. He retired from boxing in 2005 but made a comeback in 2006, winning two fights before losing to Kevin McBride in 2005. He retired for good after that loss.
As of 2023, Mike Tyson’s net worth is estimated to be $10 million.
Boxing Style Of Mike Tyson
Tyson’s boxing style was unique in that he possessed exceptional hand speed, power, accuracy, timing, and athleticism for a heavyweight. His style was often described as an “aggressive counter-puncher”. As such, Tyson would usually wait for opponents to make a mistake before capitalizing with precise combinations, delivered at blistering speed. He would stand close to his opponents, often backing them against the ropes, and unleash a series of punches with combinations usually starting with a left uppercut followed by a right cross.
Many boxing analysts consider Tyson’s destructive power to have derived from his combination of speed, timing, accuracy, footwork, and inside fighting. Tyson’s style of boxing was often compared to that of another former heavyweight champion, Rocky Marciano.
During his reign as the Undisputed Heavyweight Champion, Tyson popularized the phrase “peek-a-boo” to describe his defensive style. In an era where many fighters (such as James “Buster” Douglas) used excessive head movement and running to avoid punches, Tyson’s style was considered more vintage.
Tyson often employed the bob-and-weave, which he learned from Cus D’Amato. This defense technique was very effective for him because of his great hand speed and reflexes. Although this style is often criticized for making fighters more susceptible to body shots, Tyson was able to avoid most of them because of his great abdominal muscles and reflexes.
Also Read: Val Kilmer Net Worth 2023
Career Earnings Of Mike Tyson
As one of the most popular and well-known boxers in history, it’s no surprise that Mike Tyson has earned a large amount of money from his fights. In fact, Forbes estimates that Tyson has made around $685 million dollars from his boxing career alone.
This doesn’t include any of Tyson’s other earnings, such as from endorsement deals, public appearances, or his acting roles. For example, Tyson has appeared in several movies and TV shows, including The Hangover and Entourage. He also has a successful podcast called Hotboxin with Mike Tyson.
All of these different sources of income have helped to make Mike Tyson one of the richest athletes in the world. As of 2020, Celebrity Net Worth estimates his total net worth to be $10 million dollars.
While this is an impressive amount of money, it’s actually a far cry from what Tyson was once worth. At the height of his career, Tyson was estimated to be worth as much as $400 million dollars. So what happened to cause such a drastic decrease in his net worth?
The main reason for Tyson’s decrease in net worth is due to his poor financial decisions. For example, Tyson has been known to spend large sums of money on expensive cars, jewelry, and houses. He also has a history of gambling and declared bankruptcy in 2003.
Personal Life Of Mike Tyson
Mike Tyson was born on June 30, 1966, in Brooklyn, New York. His mother, Lorna Mae (née Smith), named him after Mike Tyson, the then world heavyweight boxing champion. His father, Jimmy Kirkpatrick, was a small-time street hustler who abandoned his family when Tyson was two years old. Tyson’s biological father died in 1992.
Tyson was raised by his mother and her second husband, Purcell Tyson, whom she married when Tyson was two years old. His stepfather had a profound impact on Tyson, who would later say: “My stepfather is my father … I used to call him dad.” Purcell Tyson was convicted of armed robbery and served time in prison.
Tyson’s mother died six years after his birth when he was just sixteen. Tyson has said that his difficult childhood shaped him into the “angry” person he is today.