Mike Tyson made £320m in his 20-year career in boxing, went bankrupt

Mike Tyson made £320m in his 20-year career in boxing, went bankrupt

- Mike Tyson was once the money-making machine in the boxing world

- The Iron Mike made over $400m in earnings in his career in the squared circle

- Tyson declared he was bankrupt and was owing about $23mm in debt

Mike Tyson had a fair share of earnings in his glittering career and made well over $400million before filing for bankruptcy.

The Baddest Man on the Planet became a heavyweight champion at the age of 20 after defeating Trevor Berbick in 1985 and made $1.5m.

Tyson's earnings doubled two months later when he stopped Tony Tubbs in Japan and made $20m when he beat Micheal Spinks in just 90 seconds.

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Tyson's earnings then dropped significantly as he picked up around $7m for beating Brit hero Frank Bruno for the first time.

His earnings dropped to $6m when he suffered his first defeat to Buster Douglas and denied him a huge payday when he fought Evander Holyfield months after coming out of prison.

Tyson was paid a massive $25m when he returned to the ring against Peter McNeeley and he did not disappoint after a first-round stoppage.

Mike Tyson made £320m in his 20-year career in boxing, went bankrupt

Mike Tyson made £320m in his 20-year career in boxing, went bankrupt. Photo Credit: Getty Images
Source: Getty Images

He earned $30m in four consecutive fights including his second bout with Frank Bruno, Bruce Sheldon and his second clash against Holyfield.

After the biting incident against Holyfield, Tyson's earnings dropped as he made just $10m when he fought Francois Botha and $17.5m in his loss to Lennox Lewis in 2002.

His final fight against Irish fighter Kevin McBride in 2005, fetched him just $5m after he retired in the fifth round.

Surprisingly, the money-making machine declared he was bankrupt and was reportedly in $23m debt due to financial mismanagement.

He became addicted to hard substances and had to go through rehabilitation for a decade before recovery.

Tyson now co-own a cannabis business which fetches him £500,000 on a monthly basis and he is prepared to make a return in the ring for an exhibition fight soon.

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Meanwhile, Legit.ng had earlier reported that Mike Tyson has released another video of his training clip showing his punching power during a pad session with his coach.

The former undisputed heavyweight champion is expected to make a sensational return after 15 years outside the ring for an exhibition fight.

The 53-year-old who was beaten by Kevin McBride in his final fight before retirement has been sharing video clips of his training sessions on social media and fans love it.

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