What Is Mike Tyson Net Worth?
Mike Tyson is one of the most renowned professional boxers and celebrities of our time. His career spans back to 1985 when he won the World Boxing Council’s Heavyweight Championship at the age of 20. Since then, he has gone on to become one of the most famous athletes of all time, with a net worth estimated at $3 million in 2020.
The Rise of Mike Tyson
Throughout his career, Mike Tyson has become one of the most famous boxers in history. His rise began in the mid-1990s when he was signed to the World Boxing Council (WBC). Tyson quickly rose to become one of the most successful heavyweights of his time. His record stands at an impressive 50 wins and 6 losses, with 44 of his wins by knockouts.
His success in the ring earned him four heavyweight titles and two lineal championship titles between 1986 and 2002. Tyson also held the record for youngest boxer to win a heavyweight title when he was just 20 years old.
In addition to his impressive ring history, Tyson’s personal life has made headlines around the world. He developed a reputation for being an outspoken and sometimes hostile celebrity whose career was marred with controversy. Nevertheless, Tyson’s influence rose to become a globally recognized phenomenon, and he has been regarded as one of the greatest heavyweight champions of all time.
Mike Tyson’s Accomplishments
Throughout his illustrious career, Mike Tyson has achieved a number of impressive accomplishments. He has been fêted as one of the best heavyweights of all time, earning a total of four heavyweight titles and in 2003 being named The Ring magazine’s heavyweight champion of the decade.
In 2014, Mike Tyson was inducted into the International Boxing Hall of Fame and the World Boxing Hall of Fame. He is one of a few boxers to receive both recognitions. During his career, Tyson was also the recipient of multiple prestigious awards, including five ESPY awards and two BET awards.
Mike Tyson’s Endorsement Deals
In addition to his training and fight earnings, Mike Tyson has also made a substantial amount of money from merchandising and endorsement deals. In 1985, Tyson signed a lucrative contract with Pepsi, which later renewed in 1988. Over the years, Tyson has added several sponsors to his portfolio including Kodak, Nike, Walkman and Burger King.
He has also endorsed a plethora of video games series, most prominently appearing in the Punch Out series. His endorsement deals have earned him millions of dollars throughout the years and have helped contribute to his success and the global recognition he gained throughout the years.
Another form of income Tyson has made recently is on-screen appearances. He has appeared in multiple TV series and films, such as The Hangover, as well as cameo roles in music videos by influential pop-culture figures, including Lil Wayne and Eminem.
Mike Tyson’s Expenditures
Mike Tyson has famously led a lifestyle of excess. His addiction to spending caused numerous financial struggles and bankruptcies throughout the years. As a result of his lavish lifestyle, Tyson has several millions of dollars and tax debt.
He owned multiple properties, such as a mansion in the suburbs of Philadelphia, luxurious cars, such as a Ferrari, and multiple expensive pieces of jewelry. Tyson also owned several Bengal tigers, which couldn’t be given proper care due to his financial state.
Tyson also had a track record for numerous legal troubles over the years, due to his reputation for getting into physical altercations, which have caused him to pay out extreme amounts of money through legal settlements.
How Much Is Mike Tyson’s Net Worth?
In 2020, Mike Tyson’s net worth is estimated to be around $3 million. The bulk of his net worth comes from his successful professional boxing career, which spanned from 1985 to 2005, as well as licensing and endorsement deals.
However, Tyson’s lavish lifestyle, which included multiple luxurious properties and owning a large number of exotic animals, caused him to become bankrupt in the late 90s. His addiction to spending his earnings has caused him to be in debt and suffering from financial instability.
Tyson has made efforts to build a steady income for himself recently. He has embraced his Hollywood fame by appearing in numerous films and commercials, as well as starting his own podcast. Through these sources, Tyson has managed to build a substantial livelihood for himself.
Mike Tyson is one of the most renowned professional boxers, with a career spanning from the mid-1980’s to the mid-2000’s, where he held the record for youngest boxer to win a championship. His success in the ring earned him four heavyweight titles and two lineal championship titles. Tyson’s personal life has made headlines around the world and added to his net worth. His career has been marred by financial struggles, extravagance and legal issues, though he has managed to maintain a net worth of around $3 million this past year. Tyson has managed to build a steady career for himself by endorsing deals and appearing in movies, television series, and music videos.