Is Mike Tyson Broke?

Mike Tyson went bankrupt but regained his fortune and cleared his debts thanks to Hollywood acting roles and his cannabis farm.

During his reign as boxing’s most dominant fighter, Mike Tyson’s net worth peaked at $300 million. He had everything. But as quickly as the wealth arrived, it vanished. Tyson declared bankruptcy in 2003. According to a New York Times article, he made $400 million in the last 20 years but still managed to blow it all.

Tyson owed $23 million, according to the article. Tyson owed the Internal Revenue Service $13.4 million at the time. He owed several law firms $600,000, his financial manager $500,000, a former trainer $800,000, and the list went on and on.

Tyson stated on an episode of his podcast, Hotboxin’ With Mike Tyson, that he was $60 million in debt. He claimed that there was a simple way for him to get out of the debt – by not paying it. “I had it all, and now I’m $60 million in debt,” Tyson explained.

According to Wealthy Gorilla, Tyson’s net worth as of 2022 is said to be $3 million