Mike Tyson’s Net Worth

Information

Name:	Michael Gerard Tyson.
Nickname:	Iron, Kid Dynamite.
Birth Date:	June 30, 1966 (age 53)
Occupation:	Professional Boxer
Net-Worth:	$3 Million
Spouse :	Robin Givens (1988-1989), Monica Turner (1997-2003), Lakiha “Kiki” Spicer (2009-present).
Children:	7
Zodiac Sign:	Cancer

Interesting Inception 

Mike Tyson is one of the greatest American professional heavyweight boxing legends that reigned as the undisputed world heavyweight champion. He participated in 58 fights with 50 wins, 6 losses and 2 no contests out of which he accumulated a fortune of $300 million that unfortunately decreased to a $3 Million one.

Early life

He was born in Brownsville, Brooklyn, NY on June 30, 1966, the city where he later moved with his family when he was only 10 years old due to the enormous financial burdens they were going through. 

His father left Mike’s family when he was born, leaving the mother to raise him alone even though she died when he was only 16. After that Tyson lived his life on the streets, committing some crimes, mainly consisting of getting into fights. When he was 13, he had already been arrested 38 times. 

Career and Struggle

When he went to Tryon School for Boys his boxing abilities had been noticed by the boxer Bobby Stewart that trained him for a time before introducing him to Cus D’Amato that became his manager and boxing trainer. Tyson dropped out of school at this point and focussed on his boxing career where he made around 15 fights on his first year as a professional fighter.

His Success

Aged 18, he made his first professional debut, defeating Hector Mercedes via TKO. He later won 26 of his 28 matches by TKO. Due to his high success rate, he was already being labeled as the next heavyweight champion. He then won many other fights with much bigger opponents like Jesse Ferguson that he defeated by TKO at the sixth round.

At this point, he was ready to go on with his career and shoot for the heavyweight undisputed champion title. On August 1, 1987, he became the first heavyweight to own the WBA, WBC, and IBF belts. The subsequent fights in 1988 were the most important and decisive for his success. He faced Larry Holmes and defeated the former champion by KO, the only one he experienced after 75 fights. 

Later he fought Michael Spinks that was considered the one to be legitimate of the heavyweight champion title. When Tyson-Spinks was arranged, it was the wealthiest fight in history at the time, and also the one with the highest expectations. Anyway, it was a very short fight; in fact, Tyson defeated Spinks only after 91 seconds by KO.

5 Tips to Succeed

Tip #1: Hard work, Sweat, and Sacrifices.

You have to put in the work and make sacrifices if you want to become successful. Almost nobody made it without throwing sweat and putting hours on your craft. That’s how life works, but if you work, you can definitely beat talent as it does not exist according to Tyson.

Tip #2: Be humble

He says that the older you get in life, the more you learn humbleness and that if you don’t come humbly in this world, it will throw humbleness upon you. How many people have you seen becoming successful but being so arrogant that the only success they got was a financial-related or career one? Luckily those are not the only things that matter in life as there are family, friends, and partners; in general, human beings. If you’re not humble, you’ll have a hard time connecting with others and, you’ll suffer from a shallow existence.

Tip #3: Be Confident

He used to say that whenever he got closer to the ring, the more confident he started to become when he was on the ring, he was invincible. Confidence is essential to succeed in life and the more confidence you have, generally, the more successful you’ll become. Having confidence will also give you an aura of power that will be intimidating to the majority of your competitors.

Tip #4: Eat Life for Breakfast

You can’t just go over your goal like a baby that is scared of conquering them. You have to eat them alive, take them, own them, and make them yours with aggression. Tyson was the king in that as he used to attack his opponents with so much hostility that it seemed like he had them for breakfast. Don’t be scared of displaying your aggression to the world, be aggressive, and take what’s yours and if life intimidates you, be even more intimidating to it.

Tip #5: Learn to fail and to lose

“Life is about losing,” Tyson said during an interview, pointing out that we have to become comfortable with the idea of losing in life because when we grow up, we lose our hair, or teeth, our family members, our youth and so on. You need to become comfortable with the idea of losing and failing, and you must pass through those moments with courage and determination because they are part of life and are going to touch everybody sooner or later. 

Favorite Quotes

• “The closer I get to the ring, the more confident I become.”
• “Talent? I don’t believe in talent.”
• “When I come out, I have supreme confidence, but I’m scared to death.”
• “I won’t do anything unless I’m passionate about it.”
• “I think I was born to fight as I have no interest in anything else.”

3 Lessons we can learn from his story

Lesson 1: Do what you love

Like many successful people say, Tyson was always aware that spending your life doing something that you don’t like is just pointless as you can’t just do the things you do for the money. One day you will be on your deathbed (hopefully), and you will naturally think back of all the things you’ve done and, out of those, which ones have given you the best feelings. If you, on the other hand, will have lived a life where all you’ve done was just for the money, you will probably have a feeling of having lived a purposeless life. You have to find your inspiration in life, and motivation will never be a problem for you anymore.

Lesson 2: Push hard, no matter what.

Tyson didn’t get a comfortable life. With his father abandoning him when he was just born and his mother dying at age 16, he had no option but to fight for what he wanted or to live a criminal life and to get in and out of jail continuously (or even risking staying there for longer). He chose to fight and to push as hard as he could to live a life that was worth living, no matter what. If this meant going to training every day and suffering both physical and psychological pain, that was what he had to go through.

Lesson 3: Use fear to your advantage

Fear is a feeling that everybody gets in life as we’re conditioned to feel scared when we do things that put us at risk or that put us in conditions where we might feel physical or psychological pain. Fear anyway is a double-edged sword, it can freeze you and make you live a miserable life, or it can propel you towards achievements that you could’ t imagine to be possible. Tyson always felt scared before a fight, but he never let the fear stop him from doing what he had to do; instead, he used it as a way to fuel himself to victory.

Curiosities

• Tyson’s trademark move was a right hook to his opponent’s body followed by a right uppercut to his opponent’s chin.
• He claims not to have had sex for five years to keep his energy high for the fights.
• In 1989 he was awarded an honorary doctorate in human letters.
• He is a supporter of the 45th president of the United States, Donald Trump.
• He has been diagnosed with bipolar disorder.

Conclusion

Mike Tyson was one of the greatest heavyweight boxers of history, known for his aggressive style in and out of the ring. Thanks to his skills as a fighter, he managed to accumulate a fortune of $300 Million that, due to bad financial decisions, reduced it to his current net worth of just $3 Million.