Mike Tyson is a retired American boxer who held the undisputed world heavyweight title in the late 1980s. Mike Tyson has a net worth of $10 million as of this writing. Mike was one of the world’s most famous and highest-paid athletes during his prime.
At the age of 20, he was the youngest champion in history. Unfortunately, he squandered and/or was duped out of a personal fortune that peaked at $300 million. In 2003, Mike declared bankruptcy. He was reportedly $23 million in debt at the time of the bankruptcy filing.
Early Life
Michael Gerard Tyson was born on June 30, 1966, in Brooklyn, New York. Tyson grew up in a slum, and his stepfather was involved in crime and gambling. Tyson and his mother moved when he was ten years old due to financial difficulties. Tyson had been arrested for 38 crimes by the age of 13, frequently fighting larger youths who mocked his voice (Tyson speaks with a lisp).
Tyson’s fighting ability was discovered during school by a juvenile detention instructor and former boxer. After working with a few trainers, he met Cus D’Amatto, a trainer who would have a huge impact on the future boxing champion.
Early Boxing Career
Tyson’s first professional boxing experiences were in the Junior Olympics, where he won gold medals in 1981 and 1982. He also competed in the 1984 Summer Olympics but lost in two bouts to Henry Tillman. Tyson’s first professional fight was at the age of 18, when he defeated Hector Mercedes via first-round TKO. This would be the start of a growing trend for Tyson, who was known for ending fights in the first round.
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Tyson continued to fight more difficult opponents than he had previously faced, with many predicting an early rise to stardom. Cus D’Amatto died in 1985, and Tyson suffered the loss of an important father figure early in his career. Many people later stated that this would have a negative impact on Tyson’s life.
Breakthrough
Tyson made his global debut in a nationally televised fight against Jesse Ferguson. The fight was clearly predetermined after Tyson caught Ferguson with an uppercut that broke his nose. Ferguson was disqualified for illegally clinching, so Tyson won.
Tyson faced Marvis Frazier, a former world title challenger, in another televised bout. Tyson won with a knockout in just 30 seconds. Tyson defeated Trevor Berbick in the second round in 1986 to become the sport’s youngest heavyweight champion. He successfully defended his title against James Smith in 1987, becoming the undisputed heavyweight world champion. That same year, he won the IBF title in a 12-round fight against Pinklon Thomas. Tyson became the first heavyweight in history to hold all three major belts at the same time.
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Tyson knocked out former champion Larry Holmes in the fourth round in 1988. Tony Tubbs suffered a similar fate that year, as he was knocked out in the second round.
Personal Life
Mike has lived in Las Vegas for the majority of the last two decades. He makes a good living in Vegas by making personal appearances at parties and corporate events. A two-hour personal appearance with Mike costs $75,000 USD.
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