Mike Tyson is one of the most famous names in global sport and arguably the greatest boxer of all time.
‘Iron Mike’ has decided to retire at the age of 54 and will return to the ring on November 28 against Roy Jones Jr. in a heavyweight practice fight.
It is the latest story in Tyson’s long and controversial career where he made an enormous fortune before losing everything.
He’ll get a hefty payout from his blockbuster fight against fellow legend Jones Jr., but how much exactly is he worth?
What is Mike Tyson’s net worth?
Mike Tyson is estimated to have made millions of dollars during his boxing career, but would lose everything.
Forbes claims that his total career earnings could have been as much as $ 685 million (£ 475 million).
However, as of 2020, Tyson’s net worth is reported to be around $ 3 million (£ 2.2 million).
Unfortunately for Tyson, he often spent his money just as quickly as he earned it during his heyday with big expenses like luxury homes, flashy cars and even his infamous pet tigers.
The Brooklyn native has been divorced twice and is now on his third marriage with a total of eight children.
He has also served three years in prison after being convicted of rape in 1992.
In 2003, Tyson was forced to file for bankruptcy, when the media at the time reported that he was in debt of $ 23 million (£ 17 million).
Tyson has managed to recover from his money troubles by appearing partially in a number of films, most notably the film franchise The Hangover.
He even had his own animated TV show called Mike Tyson Mysteries.
More recently, he produced a podcast called Hotboxin ‘With Mike Tyson, one of the more popular martial arts-related podcasts out there.
Referenced in that title, Tyson owes cannabis for his financial recovery.
He runs his own weed farm called the Tyson Ranch, where he grows and sells his own brand of weed as well as weed-based wellness products.
Tyson Ranch has been said to sell more than $ 500,000 (£ 375,000) worth of weed per month.
Tyson is expected to bank approximately $ 10 million (£ 7.5 million) for his comeback fight against Jones Jr.
However, he has insisted that he give every penny to a good cause.
“It goes for various charities,” he told TMZ Sports. “No one ever has to worry about getting rich, or getting jealous, or doing it [the comeback] For money.
‘I get nothing. I just feel good doing this because I can. “
Download the talkSPORT app and listen to a massive action-packed heavyweight night this Saturday, featuring live and exclusive radio commentary from Daniel Dubois vs Joe Joyce followed by live coverage of Mike Tyson’s return to the ring against Roy Jones Jr.