Athletes are among the biggest earners in the world right now. Many athletes earn more than industrialists and well-established business people. Boxing is one of the world’s biggest sports and is watched worldwide, especially in the United States of America. Due to the extensive popularity of boxing, boxers earn a decent amount of money.
One of the top boxers in the world, Mike Tyson, made a massive name in the boxing world with his excellent skills and feared personality. He also made huge money as a boxer and also made healthy investments outside of boxing. This article will cover the top 5 sources of Mike Tyson’s net worth.
Boxing Fee
Mike Tyson was a top boxer of the 90s and 20s. His boxing record of 50-6-2, 44KOs justifies his name in the most excellent boxers list. Therefore, Mike Tyson earned a significant amount of money from boxing bouts. Mike Tyson has earned $100Million+ from a single fight.
No such sources indicate the total salaries of Mike Tyson as a boxer. But reports say that Mike Tyson has earned $900Million+ as a boxer. As a boxer, boxing fees are among the top 5 sources of Mike Tyson’s net worth.
Endorsements and Sponsorships
Mike Tyson was a big name in the boxing world, as he earned magnificent fame as a boxer worldwide. Therefore, he has a vast fanbase all over the world. Due to this fan base, many brands have made him a brand ambassador. Mike Tyson is linked with many big brands like 7Red.com, EA Sports, Black Energy and BrBet. These partnerships are one of the Top 5 Sources of Mike Tyson’s Net Worth
Business Ventures
Mike Tyson lost a substantial net worth by making a disastrous investment decision. One of the most prominent examples is Mike Tyson’s investment in a water park, which went bankrupt. But there are few investments that will secure his life and future. Mike Tyson has invested around $250 Million in Tonal. Tonal is an AI-based health system that educates people on how to adopt a healthy lifestyle.
Mike Tyson also founded an environmentally friendly company named Tyson Ranch. The company’s valuation and profits are not disclosed, but it has been proven to be one of Mike Tyson’s most significant investments becomes one of the Top 5 Sources of Mike Tyson’s Net Worth.
Acting Career
From the successful career of Boxer and Wrestler in acting, Mike Tyson also tried as an actor in various TV Shows. Mike Tyson did biography projects and was involved in major programs and TV Shows like A Madea, Hangover, Hangover II and many others. His Acting career did not contribute much to his net worth, but to get rid of bankruptcy, acting played a pivotal role.
Licensing and Merchandising
Mike Tyson is a trendy figure for all generations, especially in youth. As a sportsman, his images were printed on merchandise, which gave him huge amounts of money. Mike Tyson earns massive amounts of money from royalty fees from T-shirt brands, becoming one of the Top 5 Sources of Mike Tyson’s Net Worth.
Mike Tyson also gets a decent amount of money from T-shirt brands, which shows his interest in the merchandise business. Also, his boxing background makes these brands very popular among youth.
Conclusion
After discussing the top 5 sources of Mike Tyson’s Net worth, let’s check out the dark phase of Mike Tyson’s life. Mike Tyson earned an impressive amount of money from boxing at his retirement. He was considered one of the highest-paid athletes in the world. But he did not save this money for the future due to his poor habits.
Mike Tyson earned $ 900 million from boxing fees, but after some period, he had a loan of almost $ 30 million on his shoulder. Carelessly wasting money on luxury items like cars, homes, and many useless things wasted a huge amount of money of Mike Tyson.
Mike Tyson also wasted huge money on chasing women, which fetched huge amounts of money of Mike Tyson. Mike Tyson has an active net worth of $10 Million, which was a good recovery. The top 5 sources of Mike Tyson’s net worth made it possible to get out of a mountainous amount of debt.
