Mike Tyson's net worth is estimated at around $30 million, according to Celebrity Net Worth -- a significant rebuild after he filed for bankruptcy in 2003 despite having earned more than $300 million during his boxing career. His current wealth comes from exhibition fights, acting, podcasting, and his cannabis company, Tyson 2.0.
Tyson became the youngest heavyweight champion in history at age 20, later serving prison time for a 1992 rape conviction, and has continued fighting into his late 50s, including a 2024 exhibition bout against Jake Paul that drew one of the largest boxing gates in U.S. history.
Quick Facts
| Full Name | Michael Gerard Tyson |
| Born | June 30, 1966, Brooklyn, New York |
| Known For | Youngest heavyweight champion in history (age 20, 1986); undisputed champion, 1987 |
| Professional Record | 50 wins (44 by knockout), 6 losses |
| Legal History | Convicted of rape in 1992; served nearly three years in prison; remains a registered sex offender |
| Business | Founder, Tyson 2.0 cannabis company; founder, Mike Tyson's Legends Only League |
| Recent Fight | Lost an exhibition bout to Jake Paul by unanimous decision (November 2024) |
| Estimated Net Worth | Around $30 million |
Early Life
Michael Gerard Tyson was born on June 30, 1966, in Brooklyn, New York. His mother died when he was 16, and he grew up in poverty, committing petty crimes and street fighting; he had been arrested 38 times by age 13. Boxing trainer and manager Cus D'Amato discovered his potential at a juvenile detention facility and became his legal guardian.
Rise to Heavyweight Champion
Tyson turned professional in 1985 and became the youngest heavyweight champion in history in November 1986, at age 20. In 1987, he became the first heavyweight to simultaneously hold the WBA, WBC, and IBF titles. His 1988 knockout of Michael Spinks in 91 seconds is widely considered the peak of his career. In February 1990, he suffered one of boxing's most shocking upsets, losing his undisputed title to Buster Douglas in Tokyo.
1992 Rape Conviction
Tyson was arrested in July 1991 and convicted in February 1992 of raping 18-year-old Desiree Washington in an Indianapolis hotel room. He was sentenced to six years in prison and served nearly three years before his release in March 1995. He has maintained his innocence and remains a registered sex offender.
Comeback, the Holyfield Fight, and Bankruptcy
After his release, Tyson regained the WBA and WBC titles in 1996. In their 1997 rematch, Tyson was disqualified against Evander Holyfield after biting his ear -- one of the most notorious incidents in boxing history. Despite career earnings exceeding $300 million, Tyson filed for bankruptcy in 2003.
Business Ventures and Return to the Ring
Tyson has rebuilt his finances through business ventures including the cannabis company Tyson 2.0 and Mike Tyson's Legends Only League, a competitive league for retired athletes launched in 2020. He returned to the ring for an exhibition draw against Roy Jones Jr. in November 2020, and on November 15, 2024, at age 58, he fought social-media-star-turned-boxer Jake Paul at AT&T Stadium in an exhibition bout that generated one of the largest boxing gates in U.S. history outside Las Vegas; Paul won by unanimous decision. A planned 2026 exhibition against Floyd Mayweather Jr. has been delayed due to a training injury.
Personal Life
Tyson has been married three times: to actress Robin Givens from 1988 to 1989, to Monica Turner from 1997 to 2003, and to Lakiha "Kiki" Spicer since 2009. He has seven children.
Frequently Asked Questions
What is Mike Tyson's net worth?
Estimated at around $30 million, rebuilt after a 2003 bankruptcy following career earnings of more than $300 million.
Was Mike Tyson convicted of a crime?
Yes. He was convicted of rape in 1992 and served nearly three years in prison. He maintains his innocence and remains a registered sex offender.
Did Mike Tyson win his fight against Jake Paul?
No. Paul won the November 2024 exhibition bout by unanimous decision.