Mike Tyson net worth 2020: How much money does boxing icon have, did he lose all of it and how does he earn cash now?

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MIKE TYSON remains one of boxing’s all-time greats – and some would say the greatest.

Iron Mike is even planning a fighting comeback after blistering footage emerged of him returning to training.

Mike Tyson made a big fortune from boxing but lost it all
Getty Images – Getty

What is Mike Tyson’s net worth?

Mike Tyson is estimated to have accrued over $300million throughout his boxing career, but ended up losing it all.

Forbes claim his total career earnings could even have been as high as $685million.

However, as of 2020 Tyson’s net worth is estimated to be just $3m, according to Wealthy Gorilla.

How did Mike Tyson lose his fortune?

Like many sporting superstars, Tyson spent his money as quickly as he earned it on big expensive houses, flashy cars and even pet tigers.

The 53-year-old has been divorced twice, now on his third marriage and has a total of eight children.

He also served three years in prison after being convicted of rape in 1992.

In 2003, Tyson was forced to file for bankruptcy, with media at the time reporting he had $23m worth of debt.

How did he recover his finances and how does he make money now?

Tyson has starred or held minor roles in a number of movies, most notably in The Hangover film franchise.

He even had his own animated TV show called Mike Tyson Mysteries.

More recently he produces a podcast called Hotboxin’ With Mike Tyson which is one of the more popular combat sports-related podcasts out there.

Hinted in that title, Tyson has cannabis to thank for his financial recovery. He runs his own weed ranch called the Tyson Ranch, where he grows and sells his own brand of weed as well as weed-based wellness products.

Cheat Sheet say the Tyson Ranch sells over $500,000 worth of weed a month, but that Tyson smokes $40,000 worth with his guests.