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)

CHAMPIONSHIP ROUND

“I never saw my mother happy with me and proud of me for doing something. She only knew me as being a wild kid running the streets…Professionally, it has no effect, but it’s crushing emotionally and personally.”

Tyson was a troubled youth, who sought solace in the hardscrabble streets of Bedford-Stuyvesant, Brooklyn. His father abandoned the family when Tyson was two-years-old, leaving his mother to struggle as a single parent. By 13-years-old, he was already a juvenile delinquent with a full rap sheet. Tyson was eventually sent to the Tryon School for Boys in Upstate NY. It was at this reform school that he met ex-boxer Bobby Stewart, who introduced him to Cus D’Amato, the man who became Tyson’s first role model, boxing mentor, manager and legal guardian.

Under the tutelage of D’Amato, Tyson began a meteoric rise to stardom. As an amateur fighter, he won a gold medal at the 1982 Junior Olympic games. On March 6, 1985, Tyson held his first fight as a professional boxer—he won all 15 bouts he had that year. The next year, Tyson lost his mentor and father figure to pneumonia, but the promising up-and-comer used his grief to his advantage. He pummeled every opponent who stepped foot in the ring with him, including Trevor Berbick, who lost his heavyweight title to Tyson when he was knocked out in the second round. Soon the Kid Dynamite clinched the coveted World Boxing Council (WBC) belt, making him the youngest heavyweight champion in the history of the sport at 20-years-old.


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

  1. Pingback: Mike Tyson Decoded: How He Earned (And Squandered) a $300 Million Fortune » JK Consulting Group, LLC

  2. agatha latrelle ginn says:

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

  3. Omar pryor says:

    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.

  4. Ice Blue says:

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

  5. William W. Thurber says:

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

  6. Chris says:

    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.

  7. 2257 says:

    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?

  8. Pennknox says:

    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!

  9. Taghuer101 says:

    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!”

  10. Maya31 says:

    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.

  11. Cleareye says:

    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???? says:

       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 says:

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

    • Pcfarm10 says:

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

  12. Guest says:

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

  13. martinm says:

    just one big stupid guy

  14. yoshimoto says:

    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.

  15. Watkins_leoanrd says:

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

  16. John Kantor says:

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

  17. John Kantor says:

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

  18. John Kantor says:

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

  19. Trevor says:

    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…

  20. Kimau1 says:

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

  21. B1ackDiamond says:

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

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