10 Ridiculous Things Mike Tyson Wasted His Money On

Published 11/22/2020, 1:50 PM EST
UNDATED: Mike Tyson holds two fists full of money and poses for cameras next to Don King during a press conference. (Photo by Focus on Sport/Gettty Images)

Mike Tyson is a name synonymous with superstardom. The boxing legend has never shied away from the limelight and has been in the headlines ever since he rose to the top.


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The former heavyweight champion of the world has made some questionable decisions throughout his career. None more so than his financial decisions. So let’s look at a few ridiculous things that Mike Tyson spent money on.


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  1. Pet tigers: By far one of the most arrogant and outrageous things that Mike Tyson has done is owning pet tigers. The superstar had 3 Bengal tigers and is said to have spent $60,000 on each. With a further $70,000 on their maintenance and diet. He even had to hire an animal trainer that cost him a further $125,000.
    LAS VEGAS – CIRCA 1989: Mike Tyson poses with his white tiger during an interview at his home. (Photo by: The Ring Magazine via Getty Images)
  2. Gold bathtub: ‘Iron Mike’ did everything different from others, including gifts. He gifted his ex-wife a 24 karat bathtub. As expected, this gift cost a lot of money. The gift reportedly cost his $2.2 million.
  3. The 1997 Bentley Continental T: Most sports persons spend their money on cars, and Tyson was no different. However, on some occasions, he took it too far. He bought the 1997 Bentley Continental T for a reported $500,000. It was one of only 73 models.
  4. 30th Birthday Party: Parties can often get expensive, especially celebrity parties. However, Tyson did it differently and took it up a notch. He once spent $410,000 on his 30th birthday party. There are no details as to how many guests they invited, but it sounds like it was one heck of a party.
  5. Pigeons: Tigers were not the only pets that Mike Tyson spent a lot of money on. He reportedly spent $400,000 on pigeons. He has expressed his love for birds on multiple occasions; however, spending such an amount of money on pigeons is surely taking it too far.

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    WALSALL, UNITED KINGDOM – NOVEMBER 18: Former world heavyweight boxing champion Mike Tyson meets up with a pigeon fancier Horace Potts (L), of Bloxwich, Walsall, West Midlands on November 18, 2005 in Walsall, England. Tyson who is well known for his love of pigeons dropped in to the home of pigeon fancier Horace Watts whilst on route to Birmingham, England, for a hotel dinner boxing event. (Photo by Stringer/Getty Images)
  6. Jaguar XJ220: Another one of Mike Tyson’s expensive cars, this time it was a Jaguar. The car set Tyson back a reported $470,000. Thus making it one of his most expensive cars.
  7. Ohio Mansion: Lavish spending on houses is not unusual for celebrities. However, Tyson’s Ohio mansion had unnecessary details that cost a lot. Reports suggest that the main bathroom in that house came equipped with gold taps and marble floors. The mansion cost him an estimated $300,000.
  8. Bentley Azure: Yet another car; however, this makes the list for the number of cars he bought. Tyson bought five Bentley Azures on the same day. The cost of the cars totaled over $1.5 million.
  9. Jewelry: Tyson was all about that ‘Bling’; but like with everything else on this list, he took it too far. The former champion reportedly spent a total of $3.4 million on his jewelry.
  10. Cannabis Farm: Most recent of all, Tyson invested in a Cannabis farm. However, the 40-acre plot will not be used only for Cannabis farming, but also will for other things like ‘glamping’ and amphitheaters.

Mike Tyson filed for bankruptcy

LAS VEGAS, NV – AUGUST 08: Former heavyweight boxer Mike Tyson speaks during the third annual Nevada Boxing Hall of Fame induction gala at Caesars Palace on August 8, 2015 in Las Vegas, Nevada. (Photo by Steve Marcus/Getty Images)

All this spending caught up with Tyson. The icon faced serious financial issues due to his rash spending, eventually filing for bankruptcy in 2003. All the information about his spending came as a result of his filing for bankruptcy. What do you make of Mike Tyson’s lifestyle?


Leonardo Carvalho

1040 articles

Leonardo Carvalho is a Boxing Writer for EssentiallySports. Before working as a boxing web journalist, Leonardo dabbled in roles ranging from an SEO specialist to a Chegg expert. Alongside his current role, Leonardo runs a YouTube channel where he combines his passion for fitness with sports.