Mike Tyson Decoded: How He Earned (And Squandered) a $300 Million Fortune

Once the king of the ring, Mike Tyson has had many ups and downs in his storied career

(Image: Getty)

In his prime, Mike Tyson was one of the most celebrated athletes of all time. Through out the ’80s and ’90s, there wasn’t a professional boxer in the world who held a candle to his razor sharp precision. His trademark right hook, uppercut combo knocked out the biggest names in the sport, earning him the nickname “Iron Mike.” With the distinction of being the youngest heavyweight-boxing champion in history, he pulled in a $300 million fortune. But over the years, Tyson’s boxing career unraveled and he became better known for his antics outside of the ring.

Arrested 38 times since 1986 for everything from DUI to rape, the once-undisputed heavyweight champion of the world made fans believe he was down for the count. But after retiring from boxing in 2006, a down-and-out Tyson began to make a name for himself in Hollywood. In 2008, he was the subject of the stirring, self-titled documentary, Tyson. One year later he received praise for his comedic cameo in The Hangover (2009), and again in its sequel, The Hangover Part II (2011). He recently took on a short stint as a reality star in Animal Planet’s, Taking on Tyson (2011), which chronicled his interest in pigeon racing.

Today (April 13), the 45-year-old will return to the MGM Grand in Las Vegas for six days to take the stage at the Hollywood Theater, where he’ll star in an 80-minute, one-man show about his storied past called Mike Tyson: Undisputed Truth—Live on Stage. From jail cells to the big screen, BlackEnterprise.com Decodes the prominence of the former champ from his heyday to now, examining the bouts and endorsements that made him a multi-million-dollar superstar athlete, and the reckless decisions that marred his life and stripped him of his fortune.

Pages: 1 2 3 4 5 6
ACROSS THE WEB
  • Pingback: Mike Tyson Decoded: How He Earned (And Squandered) a $300 Million Fortune » JK Consulting Group, LLC

  • agatha latrelle ginn

    SWEETIE IM VERY PROUD OF U GOD LOVES U ALWAYS REMEMBER THAT MUCH LOVE PEACE

  • Omar pryor

    I dont get in the debate but one thing I do know is mikr tyson is a better man today then as he was in his fighting years and thats good on his part and he has a good wife that will keep him out of trouble hopefully and his kids are wounderful. Please mike stay out of jail be good as people see you are now and in the future.

  • Ice Blue

    If you ain’t figured it out yet, Mike Tyson nobody to admire.

    • Giftedhands112

      anyone who seems very comfortable using the word AINT in a sentence is nobody to admire…

  • William W. Thurber

    This article could been distilled down to one sentence, “Mike Tyson, meet gangster Don King and say goodbye to your money”!

  • Chris

    Weak, very weak and worthless article. The title is how Tyson squandered $300 million – that was not addressed except for superficial reference to him having a mansion and jewelry debt. A 7th grader can write a better article using the same common, boring public information.

  • 2257

    I agree with Chris. This article is nothing more than a few bullet-points surrounded by filler/fluff. No investigative journalism detailing the $300M, as promised by the headline. We’ve read this 100x already. Wiki is more in-depth.

    Can you remind me how this article is even relevant?

  • Pennknox

    Mike……….Today you are the best. I heard your interview the other day and NOW you can be a roll model. Your honest answers were more that I could ask for. All the best to you!

  • Taghuer101

    LOL!!

    From the Charlie Sheen Roast:

    “Isn’t it ironic Mike, after all the faces you messed up in the ring, the one you ended up messing up the most was your own!”

  • Maya31

    horrible article, i wrote one better in high school. What do you need to be a writer for this magazine?  copy , paste sorry state of this magazine but with thier budget i would be suprised if a high school student wrote this.

  • Cleareye

    Sad. Tyson is a bright guy who simply didn’t understand life as it really is. He faces a bleak future as he attempts to remold his life into something useful, and that will support him. This little Vegas gig will be over soon and sideshows beckon. Boxing is a sport for losers. Tough job with very few winners.

    • What????

       He probably still has millions more than you’ll ever make, and boxing is a great sport, the only loser would be you for making such a dumb statement…

    • Pcfarm10

      He seems to be doing ok. He certainly is not as unhappy as he was when he was boxing.

    • Pcfarm10

      He seems to be doing ok. He certainly is not as unhappy as he was when he was boxing.

  • Guest

    So, a Mike Tyson promo fluffed as a chronicle of how he blew his wad…still waiting for the latter part, nigga!

  • http://pulse.yahoo.com/_KZ6KBUDV7XGYH527I4ISIAARYM martinm

    just one big stupid guy

  • yoshimoto

    This is such a cliche with athletes, can’t they hire trusted well-known accounting firms to manage their money and then another another trusted well-know accounting firm to watch them. Instead they trust the money to friends or individuals who either rip them off or don’t have the guts to tell them to stop wasting the money.

  • Watkins_leoanrd

    Tyson never beat a very good boxer. NEVER – name one

  • http://www.facebook.com/john.kantor John Kantor

    He was a slugger with one punch. Good fighters didn’t try to out slug him. They outboxed him.

  • http://www.facebook.com/john.kantor John Kantor

    He was a slugger with one punch. Good fighters didn’t try to out slug him. They outboxed him.

  • http://www.facebook.com/john.kantor John Kantor

    He was a slugger with one punch. Good fighters didn’t try to out slug him. They outboxed him.

  • Trevor

    This article is littered with errors…WCB when they meant WBC…and this “regarded as the most dominate performance of his career”…the word is dominant.  This is the first article I’ve read here and probably my last since there are apparently no writers or editors for this site…

  • Kimau1

    And the answer is very simple, Don King!  Mike is in the top two of the most exciting fighters ever for me.

  • B1ackDiamond

    Could they have squeezed any more pages out of a one page article?

  • Pingback: Pro Athletes Receive Training on How to Become MVP Investors

  • Pingback: Turning Athletes Into Angel Investors | The Kelly Price Project

  • Pingback: Mike Tyson Sues Live Nation-owned Company for Embezzlement « The Mes Hall Tv / Streaming Music Videos 24 Hrs A Day 7 Days A Week From Your Favorite Artists

  • Pingback: Mike Tyson Sues Live Nation-owned Company for Embezzlement « The "New" Sam House Show : LIVE DJ, WEBCAMS and CHAT! It's a PARTY!

  • Pingback: Mike Tyson Sues Live Nation-owned Company for Embezzlement - Naption

  • Pingback: Mike Tyson Sues Live Nation-owned Company for Embezzlement - I Am Mo Better

  • Pingback: Mike Tyson Sues Live Nation-owned Company for Embezzlement | Real Talk Urban Magazine

  • Pingback: Mike Tyson Sues Live Nation-owned Company for Embezzlement | Bottom Feeder Music

  • Pingback: Mike Tyson Sues Live Nation-owned Company for Embezzlement | AllHipHop.com