Mike Tyson Net Worth – The Rise to Fame and Fortune

Want to know more about Mike Tyson’s Net Worth? Tyson is a retired American boxer. He was among one of the undisputed heavyweight champions all over the world. Currently, Mike Tyson Net Worth is estimated at one million dollars ($1 million). During his career, he earned and wasted in a foolish manner a total of three hundred million dollars ($300 million) fortune.

He was born on 30th June, 1966 in Brooklyn, New York. Mike Tyson grew up actually in one of the dangerous neighborhoods. When Mike Tyson was thirteen years old, he had been arrested thirty eight (38) times already. When Tyson was physically forced to go to Tryon Boys School, his saving grace came.

At Tryon Boys School, his boxing ring talent was evident. Former boxer and a juvenile detention center counselor Bobby Stewart started to train him. Bobby Stewart finally introduced Mike Tyson to legendary boxing trainer and manager, Cus D’Amato. This legendary boxing trainer and manager, Cus D’Amato, took over quickly Mike’s training roles. At the age of sixteen (16), Tyson’s mother died. Cus D’Amato became Tyson’s legal guardian.

In 1982, Mike’s first achievement came at Junior Olympics. Mike Tyson was able to win a silver medal. Indeed, this was Mike’s first victory. On 6th March, 1985, Mike made his professional debut. This was against Hector Mercedes. Mike proceeded and he was able to win twenty six out of twenty eight professionals fights by KO/TKO. He attracted the attention of the media.

On 16th February, 1986, Mike’s first fight was televised. He defeated Jesse Ferguson, his opponent, easily. When he was twenty years old, Mike became one of the youngest heavyweight champions as far as boxing history is concern. From there Mike began a journey of boxing the top heavyweights all over the world.

Mike Tyson lived in one of the luxurious mansions. Tyson had car collection. He kept a Bengal Tiger named Kenya and gave his wife a 2.3 million dollars ($2.3 million) bathtub in order to confess their love. Tyson is well known because of his behavior which is controversial.

Mike’s personal life started to fall apart around 1988. Tyson was going through a divorce with Robin Givens, his wife. He also fired Kevin Rooney, his longtime mentor and trainer. Without his mentor and trainer, Tyson was not able to perform well as a boxer. In 1990, this showed truly. Tyson was defeated by Buster Douglas.

Mike was overweight and out of shape when he was defeated by Buster Douglas. He was also arrested for claims that he raped eighteen year old model Desiree Washington. In 1992, Tyson was convicted & sentenced to ten years in federal prison. He served for 3 years in prison. In 1995, he tried to make a comeback. Tyson won his 1st 2 comeback fights easily. He filed for insolvency in 2003. On 11th July, 2005, Tyson made his retirement announcement.

In general, Mike is considered as the best heavyweight of all time. Certainly, he was the richest athlete. Though he was able to  get more than three hundred million dollars, he was also the best at spending very large amount of money.