How Excessive Womanising Ruined MIKE TYSON – See His True Life Story3 min read

Who doesn’t fear the Iron Mike doesn’t want to live till the next day. Mike Tyson is one of the most famous and successful boxers of all time but he is also famous for being a party animal and for lavish show-offs.

No wonder when he filed for bankruptcy, most people were not shocked. Here’s a look at how Mike Tyson lost all his money and how he pulled himself out of it.

What was Mike Tyson’s career like? 

For over a decade, Mike Tyson dominated dozens of opponents and finished them off in a scary and efficient manner earning him the nicknames like ‘Iron Mike’, ‘Kid Dynamite’, and ‘The Baddest Man on the Planet’. Tyson is considered one of the greatest heavyweight boxers of all time.

At just 20 years old, Mike Tyson holds the record as the youngest heavyweight champion in the world. People paid to watch him fight and they enjoyed the show as Tyson was the king of knockouts. He knocked out the first 19 fighters into this professional career with 12 of these 19 knockouts happening in the first round.

He reigned as the undisputed world heavyweight champion from 1987 to 1990. He was the first heavyweight boxer to simultaneously hold the WBA, WBC, and IBF titles, as well as the only heavyweight, to unify them in succession. The following year, Tyson became the lineal champion when he knocked out Michael Spinks in 91 seconds of the first round.

Tyson was known for his ferocious and intimidating boxing style as well as his controversial behavior inside and outside the ring. With a knockout-to-win percentage of 88%, he was ranked 16th on The Ring magazine’s list of 100 greatest punchers of all time, and first on ESPN’s list of “The Hardest Hitters in Heavyweight History”.

Sky Sports described him as “perhaps the most ferocious fighter to step into a professional ring”. He has been inducted into the International Boxing Hall of Fame and the World Boxing Hall of Fame.

His success in the fighting ring did not only earn him the heavyweight title but also, a lot of money as he was paired agaisnt other popular boxers such as Michael Spinks, Evander Holyfield, Larry Holmes, and Lennox Lewis.

These pairings only mean one thing – big money, hundreds of millions of dollars for Tyson. At the peak of his career, Tyson had a net worth of about $400 million. When all of his winnings were added up, Tyson made almost $700 million from his boxing fights alone.

However, his lavish spending got him into trouble and he was forced to file for bankruptcy at the time he was supposed to be saving up for retirement.

How Mike Tyson lost all of his money

According to Business Insider, Tyson himself claimed that his excessive partying and womanising was what took a huge toll on his net worth. He’d throw a big party involving lots of women and he would sleep with many of them. He also spends a lot of money on food, drinks, and drugs for the parties.

It doesn’t end there, Tyson would also buy these women luxurious gifts such as brand new cars, jewelry, and the like. In his autobiography, he wrote;

“I was having so much s3x that I was too tired to even go to the gym and work out. I’d just stay in my cell all day.”

On his Hotboxin’ podcast, he continued:

You can’t f*** girls like you used to when you were young. “You can’t be having b!tches around like you do when you were young. They f*** up money, I didn’t know that.

“They were fun then, but when you’re older they ain’t fun no more. F***ing all day ain’t fun no more, you want some f***ing money, you know what I mean.”

Even though Tyson loved spending his money on women, he had a soft spot for big exotic pets too. He bought a tiger which of course takes a lot of money to care for, he also had to pay legal fees after the tiger allegedly bit someone.

Apart from these unnecessary spendings, Tyson had personal issues to deal with as well. He got married a few times but they didn’t work out so he had to pay millions in settlements.

There are also the mansions the boxer bought for himself and his family. All of this and more, in the end, led to him reaching rock bottom and filing for bankruptcy in 2003 as he was already $23 million in debt.