How Mike Tyson Lost $300 Million Fortune Due To Scandal
Black Enterprise Magazine January-March 2019 Issue

Page: 1 2 3 4 5 6

(Image: Getty)


“Everyone in boxing probably makes out well except for the fighter. He’s the only one that’s on Skid Row most of the time; he’s the only one that everybody just leaves when he loses his mind.”

During the now infamous television interview with Barbara Walters, Tyson’s then-wife, actress Robin Givens, told Walters that her marriage was “pure hell,” and that Tyson has “a volatile temper” and “a side to him that’s scary.” Soon after, Pepsi reneged on a one-year $10 million deal when word got out that Givens left Tyson because of his abusive behavior. Nintendo pulled Mike Tyson’s Punch-Out!! from shelves, declined to renew his contract and renamed the popular video game Punch-Out!!! The backlash also began to affect his performance in the ring. In 1990, Tyson hit the mat for the first time when underdog Buster Douglas stripped him of his undisputed champion title. But the biggest blow to Tyson’s career came in the courtroom on February 10, 1992 when a jury found him guilty of raping an 18-year-old beauty contestant in the Miss Black America pageant, to which he served three years of the six-year sentence. The rape trial and conviction along with his divorce from Givens and other miscellaneous lawsuits and legal troubles cost him millions.

Page: 1 2 3 4 5 6