Mike Tyson, also known as “Iron Mike,” is an American former professional boxer. He is widely considered one of the greatest heavyweight boxers of all time. Let’s find out Mike Tyson net worth with Coincu in this article.
Key Takeaways
– Mike Tyson rose to fame as a young boxing prodigy, becoming the youngest heavyweight champion in history.
– His ferocious style and knockout power earned him the nickname “Iron Mike” and made him a global icon with a fortune of $10 million.
– Tyson’s career was marred by personal struggles, leading to a series of setbacks and ultimately, retirement.
How Much is Mike Tyson Net Worth in 2024?
Mike Tyson Net Worth in 2024
In 2024, Mike Tyson net worth was estimated at $10 million, as reported by Marca. This figure, however, is a significant decline from the staggering $300 million he amassed during the peak of his boxing career. One of the factors that has driven an uptick in his wealth comes from his cannabis company’s success, which built great contributors to his wealth in that sphere.
Read more: JD Vance Net Worth: From Author to Vice President
Mike Tyson Net Worth Timeline and Changes
| Career earnings | Tyson’s career earnings are estimated to be over $300 million and could have been as high as $685 million. His biggest payday was in 2002 when he faced Lennox Lewis and earned $103 million. |
| Bankruptcy | In 2003, Tyson filed for bankruptcy after spending all of his earnings and amassing $23 million in debts. |
| Financial Comeback | In 2022, Forbes ranked Tyson among the highest-paid YouTube stars and athletes, estimating his earnings at $45 million. |
| 2023 Earnings | Tyson’s earnings in 2023 were reported at $34 million. |
| 2024 Earnings | Tyson’s annual earnings in 2024 were reported at $13.6 million, and he earned an additional $40 million from his fight. |
How Did Mike Tyson Accumulate His Wealth?
The Prime of Mike Tyson in Professional Boxing (1980s-1990s)
By the end of the 1980s, Mike Tyson was an undisputed heavyweight champion of the world. An intimidating presence within the ring, he instilled fear into the hearts of those who dared enter his sights. Tyson, by age 20, had won the heavyweight title, which placed him firmly within the annals of sports history.
In 1987, Tyson signed a deal worth $27 million with HBO, which included eight fights, one of which was against Alex Stewart. Unleashing his incomparable power, Tyson defeated Stewart in two minutes and 27 seconds, the true mark of his career.
With this win, Tyson signed a long-term $120 million deal with Showtime. This included some of his most memorable fights, including his two iconic battles with Evander Holyfield.
Mike Tyson’s Earnings from Boxing Match Revenues
Mike made at least $430 million from bouts and endorsements over his career. In today’s currency, that amounts to over $700 million. According to Celebrity Net Worth, Mike’s earnings between November 1986 and his last professional bout in 2005 are broken out battle per fight below:
| Opponent | Purse |
| Trevor Berbick | $1,500,000 |
| James Smith | $2,000,000 |
| Pinklon Thomas | $2,500,000 |
| Tony Tucker | $2,500,000 |
| Tyrell Biggs | $2,500,000 |
| Larry Holmes | $5,000,000 |
| Tony Tubbs | $10,000,000 |
| Michael Spinks | $20,000,000 |
| Frank Bruno I | $8,000,000 |
| Carl Williams | $4,000,000 |
| Buster Douglas | $6,000,000 |
| Henry Tillman | $2,000,000 |
| Alex Stewart | $3,000,000 |
| Donovan Ruddock I | $6,000,000 |
| Donovan Ruddock II | $10,000,000 |
| Peter McNeeley | $25,000,000 |
| Buster Mathis | $10,000,000 |
| Frank Bruno II | $30,000,000 |
| Bruce Seldon | $30,000,000 |
| Evander Holyfield I | $30,000,000 |
| Evander Holyfield II | $30,000,000 |
| Francois Botha | $10,000,000 |
| Orlin Norris | $9,000,000 |
| Julius Francis | $10,000,000 |
| Lou Savarese | $8,000,000 |
| Andrew Golota | $10,000,000 |
| Brian Nielsen | $5,000,000 |
| Lennox Lewis | $103,000,000 |
| Clifford Etienne | $5,000,000 |
| Danny Williams | $8,000,000 |
| Kevin McBride | $5,000,000 |
| Roy Jones Jr | $10,000,000 |
| Jake Paul | $20,000,000 |
| Total: | $443,000,000 |
Read more: Patrick Bet-David Net Worth: A Young Generation’s Motivation for Success
How Much is The Purse for The Jake Paul vs. Mike Tyson Fight?
The Jake Paul vs. Mike Tyson bout brought in about $80 million, of which Paul would receive about half. Paul stated that he was “here to make $40 million and knock out a legend” during a news conference held prior to the fight. Tyson was predicted to earn more than $20 million, but other insiders in the boxing business predicted he may perhaps make twice that much.
What Are Mike Tyson’s Major Income Sources Post-Retirement?
Mike Tyson’s Ventures in the Cannabis Industry
Apart from the small business venture, Tyson was targeting legal cannabis. Thus, in 2017, he developed the Tyson Ranch, which sells around more than £500,000 every month for Medical Marijuana.
Expanding his horizon, he started Tyson 2.0. The company not only beat its projection of $160 million but set a new benchmark in the cannabis world.
Tyson’s Podcast and Media Appearances
Tyson has been hosting the podcast Hotboxin’ with Mike Tyson, one of the staples in podcasting today, giving insights into his life and opinions on any subject and interviewing celebrities and sports figures.
In movies and television, Tyson appeared in the well-received Rocky Balboa (2006), The Hangover (2009), Mike Tyson Mysteries (2014–2020), Ip Man 3 (2015), and Kickboxer: Retaliation (2018). He also appeared as the titular final boss in the video game Mike Tyson’s Punch-Out!! (1987).
Current Brand Deals and Product Lines
Currently, Mike Tyson acts as a brand ambassador for the German Fintech company NAGA Group AG. During his career, Tyson was endorsed by several companies, such as Pepsi, Nintendo, Eastman Kodak, and EA Sports. Following charges of domestic violence against him, though, the brands drew a line, and he regained their trust after much time.
Tyson’s Business Ventures Outside of Boxing
Besides cannabis, he has made forays into entertainment, sports promotion, and endorsement. He voiced the animated version of himself during the adult animated comedy series Mike Tyson Mysteries. Tyson has also signed with brands that align with his now-redefined image, such as fitness products and lifestyle endorsements.
Read more: What Is Dan Bilzerian Net Worth In 2024: Inside The King of Instagram’s Wealth
Tyson’s Legal and Financial Struggles in The Past
In his career, Tyson also confronted other legal challenges, including an assault charge and a conviction for DUI. The various legal problems he had encountered, as well as his reckless spending habits, led to his financial downfall.
One of the most important legal problems that occurred in Tyson’s life was his rape conviction in 1992. He was arrested and served in prison for 3 years for rape. During this time, Tyson changed his religion to Islam. When Tyson was released, according to the law, he had to be registered as a sex offender.
In 2003, Iron Mike filed for bankruptcy. Some sources reported his debt to be as high as $23 million at that time.
In 2010, Tyson appeared on The View and confirmed that he was still having financial difficulties, saying that he was “broke and bankrupt”.
Read more: Bhad Bhabie Net Worth: Success From Iconic Saying
Mike Tyson Net Worth Compared to Other Boxing Legends
Mike Tyson vs. Floyd Mayweather
The estimated net worth of Floyd Mayweather is $400 million. Many people regard him as the richest boxer of all time, with career earnings projected at over $1 billion. Both boxers certainly reaped huge success from their respective careers, but the intelligent way Mayweather managed his money and invested in various ventures saw him amass considerably more wealth.
Mike Tyson vs. Muhammad Ali
Muhammad Ali’s net worth is higher than that of Mike Tyson. Muhammad Ali net worth was $800 million. He earned a fortune during his professional career, and he had invested wisely. He utilized his fame for a host of philanthropic ventures for which he received additional funding.
Mike Tyson vs. Lennox Lewis
Lennox Lewis is way richer than Mike Tyson. The net worth of Lennox Lewis is estimated at $125 million. Lewis had a successful boxing career and was estimated to have made about $17.5 million per fight.
FAQs About Mike Tyson Net Worth
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Other Posts
Latest
Cybercrime Suspect Alexander Vinnik Released in Exchange for Marc Fogel
IO Intelligence Platform Launched, Integrating 25 Open Source AI Models
Press Release
Regretting Not Buying Ethereum Early? Here’s the Best Performing Crypto That’s Giving Investors a Second Chance!
