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How Mike Tyson Beat Bankruptcy And Came Back With $10M Net Worth

By now, just about every person on Earth has a passing familiarity with Mike Tyson. You may know him as the former Heavyweight Champion , the media personality, or the hilarious on-screen presence appearing in such films as “The Hangover.” Any way you slice it, Mike Tyson is a veritable superstar, with a legendary net worth to show for his decades in entertainment. According to Celebrity Net Worth , Mike Tyson currently has a nest egg of over $10 million. While this is a far cry from the net worth that Mike Tyson once held many years ago, it serves as a testament to the retired boxer ‘s longevity and resilience. After facing financial struggles throughout the late 1990s, Tyson filed for bankruptcy in 2003. For most others, this would have put the nail in the coffin for the fighter’s career. So how did Tyson manage to bounce back, regain his legacy, and eventually rehabilitate his image to the point that more people know him as the face of the animated series “Mike Tyson Mysteries”...

Jun 11, 2024

Mike Tyson Is Bringing His Love Of Cannabis To The Big Apple In Partnership With A Leading New York Cannabis Cultivator

Mike Tyson is officially bringing his cannabis expertise to the city where it all started for him.

Nov 28, 2023

50 Cent's 'Biggest Waste Of Money' Was The 'Tyson Crib' He Paid $700K Annually To Upkeep For Over A Decade

50 Cent has had a lot of wins, but with those wins also came losses, including the time he once purchased Mike Tyson’s home.

Jul 7, 2023

50 Cent Recalls Having $38M In His Account With An Apartment That Was $800 A Month

Becoming rich is one thing, but keeping the wealth is another. When 50 Cent reached the point where his millions were accumulating exponentially, he realized that he had to protect his money.

Apr 19, 2023

How Mike Tyson Earned $400M, Filed For Bankruptcy, And Recovered — 'I Didn't Think I'd Make It Through My 30s'

The year 1997 was a good one for Black culture. The movie “B.A.P.S.” was in the theaters, and The Notorious B.I.G.’s “Hypnotize” was at the top of the charts. But it was a somewhat historic June night in Las Vegas, NV, that most people remember most. Mike Tyson and Evander Holyfield were going head to head in a boxing match, and something unbelievable happened out of nowhere. Tyson bit off a piece of Holyfield’s ear. That bizarre moment changed boxing forever and was a pinnacle moment in Tyson’s public life. Tyson is a New York native who rose to prominence in the mid-’80s for his boxing prowess. At one point, he boasted an undefeated record, dominating the industry and earning the heavyweight boxing title. According to ESPN, the 56-year-old would finish his 58-fight career with 50 victories, winning 44 by knockout. In 2011, he was inducted into the International Boxing Hall of Fame. And while Tyson’s talent in the boxing ring was commendable, his out-of-the-ring antics started to...

Apr 19, 2023

Mike Tyson and Evander Holyfield Enter The Ring to Destigmatize Cannabis With "Holy Ears"

Mike Tyson and Evander Holyfield are entering the ring for a new fight… the legalization of cannabis. The boxing sensations once shared the ring during the infamous moment in which Tyson bit a chunk of Holyfield’s ear off during a battle for the heavyweight title in 1997. Now, in just a little over two decades, they’re at it again…but this time it’s for “Holy Ears” – THC and Delta-8 THC-infused edibles that are, ironically, in the shape of bitten ears. The product is set to launch via Tyson 2.0, the cannabis company led by the sports icon.

Nov 14, 2022

Mike Tyson Speaks On Getting Offered Brand Deals At The Height Of His Career — 'I Had My Money, I Didn't Need No Deals'

Mike Tyson earned so much money during his reign as a boxer, he wasn’t even pressed for brand deals.

Oct 4, 2022

Mike Tyson Calls Out Streaming Service Hulu For Biopic Series 'Mike' — 'They Stole My Story And Didn't Pay Me'

Mike Tyson is doubling down on his objection against Hulu’s “Mike” — the upcoming miniseries on his life. View this post on Instagram A post shared by Mike Tyson (@miketyson)

Aug 8, 2022

Tyson 2.0: Mike Tyson’s Cannabis Brand Finalizes $9M Series A Funding Round

Mike Tyson’s venture into the cannabis space is proving to be successful.

Jun 30, 2022

These Celebrities Made Bad Financial Investments — Here's How It Worked Out For Them

From Dennis Rodman to Ja Rule, celebrities are just like us in that they, too, can make bad financial investments. Most recently, AfroTech told the story of NBA player Tim Duncan, whose scamming financial adviser cost him more than $20 million. Yet, most interestingly of all, Duncan remained unbothered by his ex-adviser’s behavior. “Luckily I had a long career and made good money. This is a big chunk, but it’s not going to change my life in any way. It’s not going to make any decisions for me,” he said. But while the likes of Tim Duncan can easily bounce back from bad financial investments, not every celebrity is quite as lucky. These celebrities made bad financial investments — let’s take a look at how it worked out for them.

These 6 Celebrities Lost It All — Then Built Back Better

Dennis Rodman is just one of the many celebrities who lost it all at the height of his career. But, as AfroTech previously reported, Rodman didn’t lose it all because he frittered his money away, or because he was sued into oblivion. Rather, Rodman lost it all because his business manager at the time was involved in some shady financial dealings — and those dealings ultimately landed her in prison. What’s more, Rodman could only recover a mere fraction of the money he’d lost to Peggy Ann Fulford’s illegal activities. Fortunately, Rodman was able to build back better — and while he’s nowhere near his peak net worth of $27 million, he still stays paid…and, inexplicably, inside a Planet Fitness. Iconic. Planet Fitness aside, Rodman’s only the first of many celebrities who lost it all — only to build back better when the time was right. From musicians, to athletes, to actors, no one stays down forever — and these superstars are living proof that it’s not how far you fall, but how you...

Here's The Reason Mike Tyson's Ear-Shaped Edibles Are Banned In This U.S. State

It looks like Mike Tyson’s edible ears won’t be making their way to this U.S. state. As previously reported by AfroTech, the iconic heavyweight launched Mike Bites, the ear-shaped weed edible gummies that pay homage to the infamous matchup between him and Evander Holyfield in which he bit off a chunk of his opponent’s ear. The new treats have already made their debut in California with plans to expand across the nation. However, one state is not too keen on the edibles making their way to dispensaries within the state.  

Apr 5, 2022

Mike Tyson Launches Ear-Shaped Edibles Nearly 25 Years After The Infamous Boxing Matchup

What a way for a life experience to pay off in the long run! Complex reports that legendary boxer Mike Tyson has just launched his very own line of edible gummies through Tyson 2.0, the newly imagined cannabis brand created by the former heavyweight champion. The said gummies will be ear-shaped in honor of the iconic yet controversial 1997 heavyweight match between Tyson and Evander Holyfield in which he bit his opponent’s ear. Now, nearly 25 years since the match that was the talk of the town, Tyson noted via Instagram that “these ears actually taste good!”

Mar 16, 2022

Mike Tyson Admits 'Punch-Out!!' Was 'A Really Bad Deal' — So, How Much Did He Make?

For 1980s babies, “Punch-Out!!” on the Nintendo Entertainment System was a legendary game. But for Mike Tyson, it turned out to be nothing but a “bad” business deal. In 1983, Nintendo first released “Punch-Out!!” and ultimately obtained the rights to add Tyson’s name to the game in 1987 (which is when it became “Mike Tyson’s Punch-Out!!” and coincided with his rise in the boxing world). And needless to say, the game flew off the shelves the minute Iron Mike replaced Mr. Dream. “It broke all the records,” Tyson said to VladTV (via Atlanta BlackStar). “We anticipate them doing a new one too. They were discussing taking me out of Mike Tyson’s Punch-Out!!, and it was a hailstorm of negative reviews for that, and so we’re contemplating doing it with someone else, and no one can be angry, and then we can go our separate ways happy.” While the game certainly did do numbers, Mike Tyson claims he did not get paid appropriately. Atlanta Black Star reports “According to his Vlad TV...