Former heavyweight champion Mike Tyson isn’t exactly known for being financially savvy. The 58-year-old went bankrupt back in 2003 after blowing millions earned from his boxing career. Since then, ‘The Baddest Man on the Planet’ has recovered his financial standing with smarter financial decisions. Still, he seems to have already spent part of his $20 million paycheck from the Jake Paul fight.

Last November, ‘Iron’ Mike locked horns with YouTube star Jake Paul for a professional fight. Even though the fight itself left much to be desired, Tyson’s name was enough for it to break records, drawing substantial viewership and gate revenue. According to reports, he pocketed $20 million from the bout. However, a report from January says he has spent most of it already.

He seems to have bought a $13 million mega-mansion in Florida in addition to a nearby plot on a local airstrip. Sources say the property is a 12,286-square-foot waterfront estate with six bedrooms and 11 bathrooms in the exclusive gated community called Tierra del Ray Estates. The property was originally listed for $17 million when it was under construction.

The mansion seems to have been finished by the end of 2024, and property records show that Tyson and his wife closed the deal on January 9, 2025. Reportedly, the home boasts a plethora of amenities, including a “one-acre private bass pond that is ideal for fishing.” Not to mention, the home also has an 80-foot swimming pool and spa, and a separate guesthouse.

If the five bedrooms plus guesthouse and extensive amenities aren’t impressive enough, the property also features a newly renovated, air-conditioned barn equipped with hurricane-resistant impact windows. Other amenities like a home theater, gym, “haircut lounge,” prep kitchen, wine storage, and a four-car “extra deep” garage come equipped with the home.

Despite the luxuries, Tyson had to pay extra over the $13 million—the closing costs, which the listing notes have to be paid by the buyer. However, considering that the property was listed for $17 million, Tyson appears to have snagged a good deal nonetheless. That said, the question is, after blowing through his Jake Paul paycheck, what’s the biggest deal Tyson landed?

Mike Tyson gets a new role in his company

Mike Tyson has stepped into a new role as CEO of Carma HoldCo, the Las Vegas-based parent company behind ca***bis brands Tyson 2.0, Ric Flair Drip, and Evol by Future. This marks a major shift for both the company and Tyson himself, who has long expressed interest in a deeper leadership role. He succeeds former CEO Adam Wilks.

Tyson called the position “a responsibility I take seriously,” adding that he’s fully committed to staying true to the company’s roots while expanding its reach. A longtime cannabis advocate, Tyson launched Tyson 2.0 in 2021 and later partnered with former rival Evander Holyfield to form Carma Holdings.

The duo launched ‘Holy Ears’ edibles, sparking renewed interest in cannabis products with a personal twist. Tyson’s move to CEO signals a new era for Carma HoldCo, blending wellness, entertainment, and cultural storytelling under the leadership of one of boxing’s most iconic figures.

That said, it appears that Mike Tyson has decided to invest his earnings from the Jake Paul fight into real estate. Meanwhile, he has taken up a new role in his cannabis company. What are your thoughts on the matter?