Years After Losing $400,000,000 Fortune and Getting Robbed of $100,000,000 by His Promoter, Mike Tyson Makes a Confession

Published 05/08/2023, 10:41 AM EDT

Can money buy happiness? In a recent episode of Hotboxin’, former Heavyweight Boxing Champion Mike Tyson, who once lost a mind-boggling $400 million fortune and was robbed of $100 million by his promoter, made a heartfelt confession alongside singer Ne-Yo. The duo’s candid discussion took an unexpected turn as they delved into the surprising truths surrounding the pursuit of wealth and the often-misleading belief that money buys happiness.

With Ne-Yo admitting that he learned a harsh lesson about the limits of material success, and Tyson’s own rollercoaster financial journey, the conversation revealed some eye-opening insights about the complexities of happiness.

Does money equal Happiness?: Mike Tyson shares enlightening take

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During the podcast episode, Ne-Yo and Mike Tyson engaged in a thought-provoking conversation about the pursuit of happiness and the relationship with wealth. They touched upon the paradox that some of the world’s richest people are also among the most depressed, challenging the common belief that material wealth is the key to emotional fulfillment.

Ne-Yo shared his perspective on the subject, saying, “When you don’t have it, you’re like oh if I could just, man I can’t wait till and then you get it and you’re like man, why am I still, why am I still not happy?” Tyson, laughing in agreement and stated, “Yeah, why am I still, started with nothing.”

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To emphasize their point, they humorously imagined a scenario involving a content homeless person being questioned by a wealthy individual about the source of their happiness. Ne-Yo jokingly said, “Sh*t, what the hell you smiling for, look at your broke a**, what are you smiling for. Give me some of what you got.” Mike Tyson chimed in, “That is so killer, man. F**k you over the head before you’re homeless, motherf**er.”

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Acknowledging the truth in their humorous exchange, Ne-Yo said, “It do not, it don’t buy happy, some of the most depressed people in the world are some of the richest people.” Mike Tyson concurred, “Yeah, it’s true.” Interestingly, Tyson’s conflict with money and wealth is well-known. From being the youngest heavyweight champ in history having amassed $600 million in net worth to going bankrupt, Tyson has seen life’s brutal adversities.

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Mike Tyson’s ‘love-hate’ relationship with money

In the same episode, the former boxing champion opened up about his journey from a difficult childhood in Brownsville, New York, to becoming a man capable of buying anything he ever wanted. Tyson, who grew up in an environment of poverty and despair, expressed his disbelief at his meteoric rise, saying, “Never in a million years, I thought I’d be in a situation when I was there that I’d be able to buy anything I ever wanted.”

However, the boxer’s relationship with his fortune wasn’t the best. As per his own previous confession, he would spend on luxuries like a golden bathtub, diamonds, and even Bengal tigers. Because of how sudden wealth affected his life, he once also revealed that his children wouldn’t inherit money because it could do more harm. Instead, he wants them to have aspirations and develop resilience to adversity. Tell us what is happiness according to you and what do you do to lead a happy life?

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Written by:

Mrinal Mishra is a Boxing writer at EssentiallySports, who is dedicated to covering live events with a special emphasis on influencer boxing events. With a focus on storytelling, Mishra strives to bring to light the stories of fighters that often go untold. As a big fan of Mike Tyson, Mishra believes that boxing will remain relevant for eternity, and he is committed to covering the sport with the respect and admiration it deserves.

Edited by:

Debmallya Chakraborty

Years After Losing $400,000,000 Fortune and Getting Robbed of $100,000,000 by His Promoter, Mike Tyson Makes a Confession

Does money equal Happiness?: Mike Tyson shares enlightening take

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