Mike Tyson is an American boxer who is retired now. He has had a successful boxing career and has managed to win many boxing championships in his career. He is named as the undisputed heavyweight champion of the world and was one of the top players in the 1980s.
During his peak career days, Mike was one of the most famous athletes and was very famous also. He was the youngest champion and made his name in the boxing game at the age of 20. During his peak career, he had earned $300 million at his peak. Sky Sports has named Mike Tyson as the “the most ferocious fighter to step into a professional ring.”
Mike Tyson was born as Michael Gerard Tyson on June 30th of 1966 in Brooklyn New York. Tyson was born in a rough neighborhood and lived with his stepfather. He was involved in crime and was also into gambling. When Tyson was age ten, he moved with his mother to some other town because they were facing financial issues. When he turned 13, Tyson was arrested for various crimes. He was often charged with fighting with other kids in his neighborhood because they made fun of his voice He trained under a professional trainer and became a boxing champ.
Early Boxing Career
Tyson’s started boxing when he was in Junior Olympics, and he started to win gold medals in 1981 and 1982. He fought against Henry Tillman and lost to him. Tyson’s had his first professional fight at the age of 18 and won against Hector Mercedes. Tyson became popular and fought with his opponents and commenced his stardom. Cus D’Amatto who was Mike’s guardian died in 1985, and that had a destabilizing effect on Tyson’s later life.
Mike Tyson had a net worth of $430 million during his early career. He has done several endorsements and earned his net worth through his boxing career. He has managed to earn $700 million of net worth. Tyson defeated Alex Stewart and won the match which earned him a $120 million contract with Showtime. He won several matches with the platform later on in his career.
Mike’s net worth $700 million worth of today’s dollars. His boxing fees included $100,000 per fight and this is how he managed to earn so much of net worth. Don King’s wife was his consultant at that time and helped him a lot in his career.
He also Don King’s sons and that was worth $50,000 per-fight and consulting fees. At his peak, Mike also was the acting President of the Mike Tyson Fan Club which earned him $1,000 per week. The President was not him but was Don King’s daughter.
Tyson won a fight against Danny Williams and won $8 million in 2004. Unfortunately $6 million of those earnings were deducted by the IRS and left Mike with just $2 million personally for his efforts. Mike Tyson remains one of the highest-paid boxers to date and has managed to acquire a high amount of net worth.