Mike Tyson has had a remarkable career in boxing and a turbulent life off the ring. The former world heavyweight champion, who became the youngest titleholder at just 20 years old, has faced financial struggles and legal issues over the years. As he prepares to fight 27-year-old Jake Paul in a live-streamed sports event on Netflix, let’s take a look at Tyson’s current net worth and some controversial aspects of his past.
According to Celebrity Net Worth, Mike Tyson’s estimated net worth is $10 million. However, the boxing legend was not always in a stable financial situation. Despite earning over $400 million during his career, Tyson filed for bankruptcy in 2003. His extravagant lifestyle, which included spending millions on cars, motorcycles, and exotic animals, contributed to his financial downfall. Moreover, Tyson had significant debts and owed over $51,000 in back child support at the time of his bankruptcy filing.
In addition to his financial struggles, Tyson also faced legal issues, including a prison sentence. In 1991, Tyson was arrested for the assault of Desiree Washington and was convicted of rape. He served three years in prison before being released on parole. Tyson’s controversial remarks about Washington during a Fox News interview in 2003 stirred further controversy and backlash.
Since his last professional fight in 2005, Tyson has participated in exhibition matches, with his most recent bout against Roy Jones Jr. ending in a split draw in 2020. For his upcoming fight against Jake Paul, Tyson’s exact earnings have not been disclosed, but estimates suggest he could make around $20 million. This is significantly less than his previous earnings, as Tyson earned $30 million for each of his four fights after returning to boxing in 1995.
In comparison, Jake Paul is expected to earn $40 million for the fight, making him the higher-paid fighter. Paul, a social influencer with millions of followers, is also the co-founder of Most Valuable Promotions, the company organizing the event in partnership with Netflix. The fight between Tyson and Paul will consist of eight two-minute rounds, providing an exciting matchup for boxing fans.
As Tyson prepares to step back into the ring, his journey from a young boxing phenom to a seasoned veteran continues to captivate audiences worldwide. Despite his past controversies and financial setbacks, Tyson remains a legendary figure in the world of boxing, with his upcoming fight against Jake Paul poised to be a must-watch event for fans of the sport.
