Boxing legend Mike Tyson’s once $300,000,000 net worth takes a drastic 30-fold decline

Mike Tyson, who once ranked among the world’s highest-paid athletes, currently possesses a surprisingly small amount of wealth considering his popularity, stardom, and boxing achievements. The American boxing legend is now worth less than 5% of what he was once worth.

During the 80s, Kid Dynamite stood out as one of the most renowned and fierce athletes globally. From becoming the youngest champion in history at just 20 years old and transforming himself into a knockout machine, this heavyweight fighter went on an impressive journey.

Mike Tyson’s highest net worth significantly decreased

At a certain point in his boxing career, Mike gathered significant earnings, with his personal fortune peaking at over $300 million. However, the tide eventually turned, leading Iron Mike to endure considerable hardships, culminating in his declaration of bankruptcy in 2003 with a reported $23 million debt.

The “Baddest Man on The Planet” garnered a minimum of $430 million from purses and endorsements, which roughly equates to $700 million after accounting for inflation.

Decades after his prime in the ring, Tyson’s current financial standing may astonish many boxing enthusiasts. The surprising reality is that Tyson presently possesses a mere $10 million, according to official reports.

When compared to the earnings of boxers like Floyd Mayweather and those from the current generation, Mike’s earnings might appear nothing, considering his remarkable accomplishments within the ring.

Dana White wants to get Mike Tyson on Power Slap hype train

Nonetheless, Mike Tyson still shares a deep connection with Dana White. During a recent event they both participated in, Dana presented a curved brass knuckles accessory featuring a power slap logo to the legendary boxing heavyweight icon.

As the UFC president handed over the present, Dana humorously remarked, “Just imagine taking a hit from this thing. Someone’s definitely going to feel it.” In response, Mike inquired if such a blow could potentially send someone to the hospital.

“Oh yeah. Think about back in the day when you were training. If you would have slapped anybody, opened-handed, you would have f*cking knocked everybody out with an open-handed f*cking slap.” Dana replied.

Despite facing numerous critiques from both combat sports enthusiasts and neurologists, Dana White remained steadfast in pursuing his combat sports endeavor Power Slap. The gesture of presenting Mike with the brass knuckles gift was Dana’s approach to endorsing slap sport.

Would you like to see Mike Tyson back in action? Make sure to let us know in the comments section.

Khandaker Muntasir

180 articles

Khandaker Muntasir Hossain is not only passionate about astronomy and gastronomy but also possesses a deep love for writing, researching, and reading. His love for sports, combined with his writing prowess, has enabled him to excel in creating captivating sports contents. Exploring an array of sports domains—from soccer and basketball to MMA and boxing—Muntasir offers comprehensive coverage to satiate your thirst for sports knowledge.

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