Mike Tyson made a lot of money during his prime – before eventually blowing it all.
The youngest heavyweight champion in history was one of the most famous names in the world during his pomp.
Known for his knockout power and quick wins, Tyson unsurprisingly made a lot of bank in his early twenties.
With that much money comes lots of lavish spending and by the time Tyson hung his gloves, he was said to have made $500 million in career earnings.
That said, it took him just 15 to 16 years to run through it all as Tyson revealed in a recent podcast appearance.
“When you’re making that much money it lasts for a long time,” he said on The Pivot podcast. “That didn’t die right away, it took like 15 or 16 years to go broke. I’m throwing s*** like ‘hey baby, you like that car? Ok you come and spend the weekend with me’, just crazy s*** you can do with your money.
“I spent the last money that I had from fighting on rehab, around a million bucks. I had enough money left like two million dollars and I bought a house in Phoenix. The house was difficult to sell, but somebody loved it and boom they gave me the money. This is God working.”
Mike Tyson: I’ll Hurt My Kids By Giving Them Money
Tyson, of course, has since made a lot of money thanks to his many successful business ventures and will only continue to do so given his business acumen and name value.
But don’t expect him to pass all of it down to his children.
“Iron Mike” prefers for them to earn things the hard way instead.
“To pray the most and to work the most,” Tyson said when asked what he should pass down to his children. “Be the hardest worker and believe yourself, I can’t help them by giving them money. I can only hurt them if I give them money.
“They have to learn because if they don’t have no aspiration and they don’t experience no adversity, under the slightest struggle they are going to give in.”
What do you think of Mike Tyson’s comments?
