Mike Tyson Dumbfounded by ‘Losing $300 Million’ Claims

Published 12/22/2020, 6:06 AM EST
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)


Mike Tyson was the most flamboyant bad boy of the sport from the 1980s. He dismantled all his opponents to become the youngest heavyweight champion of the world. ‘Iron’ earned millions of dollars by putting his opponents to sleep. He was a fan of luxury and lush items. In his reigning span in boxing, Tyson spent countless money only mansions, cars, and whatnot.

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Mike Tyson was in a conversation with VLAD TV. He seemed astounded by the claim of earning $300 million dollars throughout his entire career.

“Really?” That’s what they said!”

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Adding to his above statement subsequently, he said, “I don’t think about how much money I had. The word ‘had’ is one of the worst words in the American language. ‘I had this, I was this, I used to be this’. It’s all about now, the moment.”

In the aforementioned interview, Mike couldn’t convey much on the $300 million claims. He emphasized living in the present and enjoying what we have at the moment instead of crying over what we ‘had’.

Read – Mike Tyson Shares Unique Experience – Claims to Have Seen ‘The Devil’

Mike Tyson went bankrupt in 2003

While Tyson was on a career-high, he earned multifarious cash. But to everyone’s surprise, he filed for bankruptcy in 2003. Tyson had $23 million in debts. He owed $13.4 million to the Internal Revenue Service, $600,000 to several law firms, $500,000 to his financial manager, $800,000 to a former trainer, and so on.

Tyson even accused his long-time friend and promoter, Don King, of cheating him over millions of dollars. He sued him for $100 million dollars but was later paid a handsome amount of $14 million for settlement.

NEW YORK – JANUARY 22: (FILE PHOTO) Boxer Mike Tyson, bleeding from the forehead, yells at reporters at a news conference announcing the upcoming Las Vegas fight between Tyson and heavyweight champion Lennox Lewis January 22, 2002 in New York, NY. Tyson was arrested after a brawl with two men outside a Brooklyn hotel June 21, 2003 in New York City. He has been charged with assault and disorderly conduct. Tyson, said to have amassed a $300 million fortune, filed for Chapter 11 bankruptcy protection August 1, 2003 in New York City. (Photo by Al Bello/Getty Images)

Tyson’s lavish lifestyle caused him to blow away all his cash. He spent ridiculously on plush vehicles and properties. He even owned a Serbian tiger back then.

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Many fighters will come and go, but no one could ever be another Mike Tyson. Since his debut, he has been making his way to the news headlines for his antics inside and outside the ring.

What do you make of Tyson’s bizarre life stories?

Read – Mike Tyson Narrates How He Lost a $7 Million Chain

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Prathamesh Singh Chauhan

955 articles

Prathamesh Singh Chauhan is a Boxing Author at EssentiallySports. He is a graduate from the International Institute of Sports Management who combines his love for sports, particularly combat sports, and his flair for writing and analysis to help him in his day-to-day work. He has prior professional experience with sporting organizations such as Star Sports, Khelo India, and NBA.

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