Retired professional boxer Mike Tyson has endured numerous personal and athletic ups and downs. Born in Brooklyn to a football player father and stay-at-home mother, Tyson and his mother were abandoned by his father shortly after Tyson was born. His mother died when he was 16, leaving him the ward of his boxer trainer. He was arrested 38 times by the time he turned 13. His street life and penchant for crime resulted in him being sent to the Tryon School for Boys, a move that actually helped him enter the world of professional boxing.
Spurred by his talent for competitive boxing, Tyson dropped out of school his junior year in high school. By the time he was 18, he was competing professionally, knocking out his first opponent, Hector Mercedes, in the first round. In fact, in his first 28 bouts, he won 26, either by knockout or technical knockout. As his prowess for the sport grew, his level of competition also increased, eventually taking on boxers like Marvis Frazier, Mitch Green, and Jesse Ferguson. Indeed, his first televised bout involved his bout with Ferguson. That match took place in Troy, New York and went for six rounds. The fight was so vicious and bloody that the referee finally had to stop it due to Ferguson’s inability to continue.
By the mid-1980s, Tyson was an established fixture on the professional boxing scene, garnering high praise and attention from the sport’s fans and the international media alike. His career high came with his 1988 bout against Michael Spinks, who at the time was considered to be the top boxer in the world. It took Tyson all of 91 seconds to knock Spinks out in the first round. Tyson was hailed around the world as the new reigning top boxer while Spinks left professional boxing altogether. Tyson, at the height of his career, went on to accrue a Mike Tyson net worth of $300 million.
How Much Is Mike Tyson Worth Now?
However, as quickly as he rose to a Mike Tyson net worth of $300 million, he just as rapidly fell and squandered his millions. He famously married actress Robin Givens, a marriage that was marked by abuse, cheating, and scandal. Givens went on record with the national media as saying her marriage to Tyson was a living hell and something that she regretted. The couple divorced in 1988. In 1991, Tyson was met with new scandal when he was accused of raping a beauty queen from Rhode Island. The jury found him guilty and sentenced him to a decade in prison. He was released after serving three years. However, by that time his fortune was gone, and his reputation in professional boxing was in tatters.
Nonetheless, Tyson attempted a comeback, taking on successful bouts immediately after his release from prison. In 1996, he took on Evander Holyfield, who at 34 years of age was attempting a career comeback of his own. Their first match against each other resulted in a win for Holyfield, although Holyfield was accused of headbutting Tyson during the bout. This first match set in play a feud that culminated in a match with Tyson biting off the tip of Holyfield’s ear.
By the early 2000s, Tyson had lost his edge and was suffering from various personal issues at home. He declared bankruptcy, revealing that his massive fortune had withered away to a mere $1 million in the bank. He is now retired from professional boxing, focusing instead on his family and his newfound Muslim faith. He struggles to stay sober, but says that his religious faith and vegan diet play a role in keeping him healthy.