Mike Tyson is a well-known figure in the world of professional boxing. He was once the undisputed world heavyweight champion and earned over $300 million during his career. However, Tyson was also known for his extravagant spending habits and eventually found himself in a massive amount of debt.
Despite his immense wealth, Tyson filed for bankruptcy in 2003. His financial problems were exacerbated by his struggles with drug addiction and a three-year prison sentence for a rape conviction. It took nearly a decade and a trip to rehab, but Tyson was able to get back on his feet and overcome his financial troubles.
In a 2017 conference, Tyson reflected on his turbulent thirties and admitted that he didn’t think he would make it through. He acknowledged that he went “crazy” with his money and made poor financial decisions.
In an affidavit, Tyson revealed that he has been in financial distress since 1998 and despite earning significant income and selling assets, he still struggled to pay his bills.
As of 2023, Celebrity Net Worth estimates that Tyson’s current net worth is around $10 million, a fraction of what he was once worth.
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