Boxing legend Mike Tyson had a larger-than-life personality that extended beyond the ring, particularly when it came to his spending habits. Known for his extravagant lifestyle during his peak earning years, ‘Iron’ Mike amassed a fortune of around $400 million. However, his reckless financial choices eventually led to his downfall as, in 2003, he had to declare bankruptcy.

Moreover, he recently opened up about the reckless spending habits that led to his financial downfall also revealing the time he once purchased apartments and cars for random women but forgot about it.

Mike Tyson opens up about his reckless spending

In a recent episode of his podcast Hotboxin’, along with guest rapper Tony Yayo, the former champion claimed that he bought apartments for girls back in the day. However, one of his students was furious after learning that Tyson had done this, also forgetting about it shortly after. “She gets a Mercedes, a Rolls. I was a fu**ng monster back then. The next thing you know, I would have apartments all over. I forget the apartment I got this girl,” he said.

Tyson’s revelation about forgotten apartment purchases provides a glimpse into the lack of financial restraint that characterized his past. It also serves as a cautionary tale of how wealth, when mismanaged, can lead to significant financial downfall. Despite this, Tyson has now become quite financially stable owning many businesses and investing in various projects.

Tyson gives a glimpse into his mindset during his boxing days

Later in the podcast, the former champion gave fans an insight into why he was so erratic. While many would succumb to the possibility of ever fighting professionally, Tyson could not believe he was getting paid to do so. Moreover, this revelation also gave a glimpse into why Tyson spent away all of his money.

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“I believe what I was doing, it wasn’t like why am I getting paid for doing this? Really, this is not even working to me. I’ll enjoy doing this. I would do this for free, and then I made a lot of money,” said Tyson.

Ultimately, Tyson’s journey goes on to show that true satisfaction in life goes beyond monetary gains. While wealth may initially provide temporary gratification, it is the joy derived from doing what one loves, that leaves a lasting impact. What did you think about Tyson forgetting the apartments he bought for women? Let us know in the comments below.

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