Mike Tyson is a legendary professional boxer. At his peak more than 30 years ago, “Iron Mike” was the most feared boxer in the ring, compiling wins with knockout after knockout.
After retiring in 2005 from a two-decade boxing career after going broke, Tyson has had to remake himself and rebuild his income.
In a span of about 20 years, he’s back again as a multimillionaire. And with his business ventures in the cannabis industry and a step back into the ring, his wealth is likely to increase further.
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On November 15th, Tyson fought Jake Paul, 31 years his junior, with each boxer reportedly taking home $40 million. Here's everything you need to know about how much Tyson is worth now.
Who won the Mike Tyson vs. Jake Paul fight?
The controversial internet star was originally scheduled to box Tyson in July, but the match had to be postponed due to an ulcer flare-up experienced by Tyson in May.
Related: Netflix's Jake Paul vs Mike Tyson fight tests live sports strategy
The rescheduled fight began at 8:00 p.m. Eastern time on Friday, November 15th, and the main event began around midnight Eastern. Subscribers streamed it live on Netflix for no additional pay-per-view charge. No knockouts were had, and Paul was declared the winner in a unanimous decision.
The bout's weigh-ins occurred the day before, at 7:00 p.m. Eastern, and were also streamed live on Netflix. During the live-streamed weigh-in, Tyson slapped Paul. Viewers took to social media, noting that just prior to the slap, Paul appeared to approach Tyson while imitating a gorilla, in what many took to be a racist taunt, then stepped on Tyson's foot.
Seems like the reason Mike Tyson slapped Jake Paul is because he stepped on his foot
— Championship Rounds (@ChampRDS) November 15, 2024
🎥 @MostVpromotions #Boxing #PaulTysonpic.twitter.com/so9AQdL4V8
Who is Mike Tyson?
Michael Gerard Tyson was born in Brooklyn, New York, in 1966 and had a difficult childhood. As a youth, he had run-ins with the law and was sent to a reform school for boys in upstate New York, where he learned how to box.
In his teens, his mother passed away, and he was left in the care of Cus D’Amato, a boxing manager and trainer. Tyson dropped out of high school to focus on boxing and went on to win gold medals at the Junior Olympic Games in 1981 and 1982.
He became the youngest heavyweight champion in the world at 20 years old, and then went on to win other heavyweight titles as he fought and defeated notable boxers such as Michael Spinks.
Tyson served three years in prison until 1995 for a rape conviction and afterward made a comeback before retiring in 2005.
What is Mike Tyson’s net worth?
Tyson has a possible net worth of $50 million after the reported $40 million payout from the fight with Paul, and his wealth is likely to increase with recent business ventures and a temporary step back into the ring.
Related: Jake Paul’s net worth as he faces Mike Tyson in the ring
How much has Mike Tyson made from boxing?
In his prime boxing career, Tyson earned hundreds of millions of dollars, and at one point, had a reported net worth of $300 million. Accross his many boxing matches previous to the latest over the years, Tyson earned a reported $423 million.
How does Mike Tyson make his money?
After his retirement from boxing in 2005, his name became his brand, and Tyson formed some ventures and a charitable foundation.
Film and television
He turned to a career in Hollywood and appeared in cameos in films such as The Hangover (2009) and in TV shows such as Entourage (2010).
He starred in 69 episodes of his eponymous animated show, Mike Tyson Mysteries (2014–2020), and his profile on movie and TV database IMDb shows him being active in numerous film and television productions.
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Legends Only League
Among his business ventures, he helped to form a sports league known as Legends Only League in 2020 for retired athletes to compete. In the same year, to promote the league, Tyson fought Roy Jones, Jr. a former world champion across four boxing divisions, and the bout resulted in a split draw.
Cannabis
Tyson — who reportedly was exposed to cannabis at a young age, at 12 — is a prolific cannabis smoker. In 2015, Tyson went into the cannabis business, trying to capitalize on California’s impending 2016 proposition to legalize cannabis use.
Cannabis has become a big industry in California. In 2023, state government data showed that sales from cannabis reached $5.2 billion, up from $2 billion in 2018.
His ventures with business partners included a mansion in the Los Angeles area dubbed “Tyson Ranch” that grew cannabis on the rooftop and made cannabis-related products.
Related: How Mike Tyson went from a net worth of $300 million to broke
Tyson said in a 2019 podcast on his YouTube channel that Tyson Ranch was spending $40,000 a month on cannabis smoking in what his business partner described as research. He and his business partner also constructed a 420-acre resort in Palm Springs, California, where guests could relax and smoke cannabis.
In 2021, he founded TYSON 2.0, and its range of products includes different strains of cannabis packaged in small jars. His cannabis-infused vitamin chewables known as Mike Bites are in the shape of a torn ear (in a nod to Tyson’s ear-biting of opponent Evander Holyfield in a boxing match in 1997) and retail for about $30 for a bag of 20 gummies. There’s also a clothing line and apparel accessories collection promoting the brand.
Mike Tyson Podcast
Tyson also draws revenue from his namesake Mike Tyson podcast that broadcasts on YouTube. As of mid-November 2024, Tyson’s channel had 3.7 million subscribers. Views across his 230 videos totaled 411 million.
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How does Mike Tyson spend his money?
Tyson lives in a home in Las Vegas with his family and has kept a low profile in terms of showing what he's been spending. That’s in contrast to the past during his boxing career, when he spent lavishly on homes, expensive cars, and jewelry.
He was forced to declare bankruptcy in 2003 despite earning hundreds of millions of dollars from his bouts and endorsements. He once owed millions in back taxes to the Internal Revenue Service.
Is Mike Tyson still boxing?
Tyson returned to the professional boxing ring on Nov. 15, 2024, in a bout with social media personality-turned-boxer Jake Paul — who, at 27, is 31 years Tyson’s junior. The boxing match (which was streamed on Netflix (NFLX) , paid a reported $80 million to the two fighters to be evenly split between them.
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