$600 million despite earning $600 million over the course of 6 years. Mike Tyson Celebrated his 36th birthday with a bank account Raing Zero. So how did Mike Tyson Goon made it clear that a financial education wasn't a part of his childhood from a broke background cuz I never really learned the art of handling money as a kid which became a problem as he began Millions whilst he was still a teenager after becoming champion at the age of only 20, Mike Tyson began to 7.5 million per fight I Tell you guys guys, if if I had child, if I if I had child chat guys they would, they would have to. At least they got to struggle like they're going be given the tools right but not like didn't even include his other sour final literacy Lear Paid over 50 million in Casino deals 3.5 million for a WrestleMania guest Mike Punch Out Sold 2 million copies during its very first year by 1990 Mike Tyson was credited as the highest paid athlete in the world with an estimated 28.6 million in income this year.

although all of this changed when he was sent to prison only 2 years later. between 1992 and his release in 1995, Mike Tyson was unable to earn a single dollar, although as summarized by this CBS article, he wasn't exactly struggling when he finally walked free. most Indiana prisoners are given $75 in spending money to EAS their transition back into society Tyson needed no such help. The former Heavyweight champion had two checks each made out to him for 10 million in the next few weeks.

Tyson will get another 12 million for the rights to Future fights and television. A few months later, he earned the most money ever given to a boxer. 25 million to fight a stiff named Peter Mcney over the next 2 years Tyson ear a further 140 million from five different fights making him feel Invincible money is a four sense of security for false sense of security. Nothing about it could be a real Invincible With money feel like you can't even die which when combined with a bitterness from his time spent in prison caused Tyson to begin spending everything for me, being poor, never having anything for me, being bitter angry for being in prison It's s from a lot of things.

Firstly, there were the cars according to CBS Tyson Reportedly bought 110 cars either for himself or his gifts, one of which being a $3,000 benley AO the most expensive production car in the world Tyson bought it and ordered four more in the space of a few minutes. spent more than 1.5 million while in a different instance, showed up at a car dealership just out. York to buy another car, he bought a Ferrari for 300,000 declining a test drive because he already had one just like it on a different day. Tyson was pulled over whilst driving his Rolls-Royce without a license, but was able to get out of trouble by giving the car to the car.

You know sir, why don't you just take the car you know you deserve cuz you've been doing doing a lot cuz I didn't want to get arrested I didn't have license anything my wife to get in trouble I want to just take it you know it was. it was around. don't even go to jail for that and they took it. Wow, this didn't end well for the officer.

he got fired. He did. Yeah he. although it did end well for Tyson's friend Ed Lover who was given a Bentley so he could drive home from a club.

He goes here. take the car I'm like okay he gives me the Bentley a month go by I still have this car he said I wanted you to have that car he said I gave you that car with so many vehicles Tyson needed somewhere to store them purchasing mansions in Las Vegas Ohio and Marland However, these were nothing compared to the house he born in Connecticut It featured 21 bedrooms and 35 bathrooms as well as a full-blown nightclub, a movie theater, a casino, a squash court, and a fully speced out proper commercial gym. but this was we've seen this property before. Outside there was a fulls siiz basketball court, a swiming wait.

that's 50 cents thing though with the ugly Club it is is disgusting. Look at that. A full-blown nightclub, a movie theater, a mini Casino a squash, a fully speced out proper commercial gym. but this was only the inside.

outside. there was a fullsize basketball court, a swimming pool with its own Grotto and get this, its own lake, lake housee and Fountain the landscaping and upep on this is insane looks familiar. It's because Tyson eventually sold it 50 Cent Who called it his biggest Financial mistake. What was the most like when you wasted money Tyson cribs like that mainly because of how much the property cost to run.

How much was the upkeep Gu per year? So my goodness I am a loser year Tyson Expanded on this in a different interview: It's going to cost me $25,000 just to mold the lawn right when ComEd Other houses meant gardening. Bills alone mounted to $100,000 although the gardener was still a minor expense compared to the things Tyson bought for these houses as a gift for his first wife Robin Given Mike spent 2.2 million on a solid gold bathtub which was followed by their divorce less than a year later, which cost Mike a further 10 million in legal fees and compensation. Tyson had also dropped 410,000 on a birthday party and 140,000 on two white Bengal tigers which needed their own specialty enclosure $2,000 a year worth of food and their own animal trainer which Mike H 5,000 Also had to pay a friend 250,000 Never married, never divorced, never settle, Never lost anything. Shut up ass Shut up after they were bitten by one of the Tigers although there was another bite that cost Tyson How is that? It's all there.

Holy shut up even more During a match in 1997, Avander Hollyfield headbutted Tyson who in retaliation, bit a portion of Poly Field's ear off Tyson was disqualified and finded $3 million although it seemed he hadn't learned his lesson as he then by Lenox Lewis's leg during a press conference, warranting another $335,000 fine in the process. Tyson employed over $200 different people including chefs, chauffeurs, and bodyguards, the most pointless of which being a guy nicknamed crocodile whose sole function was to dress in fatigues and repeatedly shout Guerilla Warfare At Tyson's news conferences for which he was paid $300,000 in 1996. In another crazy instance, Tyson walked into a club and offered to pay for everybody's drinks all night. Mike calls me over again and what's up? Tell the DJ I got the bar until the club closed I said what are you talking about I'm buying the bar out everybody However, there was one final expense that was higher than any other.

Do you regret anything? Yeah and I didn't pay taxes? Really? that'll get you yeah. It was revealed in 2003 that Tyson owed 13.4 million to the IRS 117,000 to five different states as well as 4 million to British tax authorities. And things only got worse from here. Turns out most of Mike's luxury purchases were being made on credit and as a result, he also owed 27 million to various different businesses including $600,000 to a legal company, $500,000 to his finance manager, and $800,000 to a former trainer, all of which was stacked on top of a second divorce.

Guys, guys, what is your trainer doing that He paid 800k? Is this guy like doing like muscle graphs or something to a former trainer, all of which was stucked on top of a second divorce. Tyson owes money to at least 246 creditors including the Internal Revenue Service The Screen Actor Guild and dozens of doctors lers, his ex-wife Monica Turner almost 9 million from their divorce and he hasn't paid 19.4 million in taxes to the damn he was ordered to pay 12 milon. He still n IRS Britain in five states, which was an extra large problem as Tyson was down to his last $1,250 in cash Tyson 38 Said all of his houses have been sold or seized and he owns only one car albe it a white Hummer SUV Newly purchased and apparently not yet paid for according to bank records. Tyson's attorney to the I said last said again chat.

The IRS is the final boss of all bosses. Doesn't matter what bosses you've won against dude, the IRS is the gatekeeper at the end of the line dude at the end zone brother. The IRS bankruptcy Tyson earned $38 January His living expenses during that month were more than $47,000 Mike Tyson was completely and utterly screwed. However, he devised a plan to get himself out of trouble.

Tyson's reorganization plan is ambitious. He hopes to earn at least 19.5 million from boxing over the next 3 years is is to help satisfy his creditors. although this isn't what would happen. In fact, he'd lose both of his next two professional fights before retiring from boxing and filing for bankruptcy at the time.

H State My whole life has been a waste I've been a failure I Just want to escape I'm really embarrassed with myself and my life I Want to be a missionary I think I could do that while keeping my dignity without letting people know they chase me out of the country I Want to get this part of my life over as soon as possible I feel this but I again I I still I Still disagree guys. he at the time even though it was a responsible he bowled out and he's at. he's at an age with like you know I mean dude, you're going to pass the good years. You know he he had good.

He had great good years you know? So like in this country nothing good is going to come of me. I'm so stigmatized there is no way I can Elevate myself I'll never be happy I believe I'll die alone I would want it that way I've been a loner all my life with my secrets and my pain. I'm really lost but I'm trying to find myself I'm a really sad, pathetic case with nothing else to do. Mike spent his days caring for 350 unique pigeons, a collection which bankruptcy he paid $400,000 for her.

He later likened his spending habits to a drug addiction. It's like the drugs. You might as well say you have it all, but it's still that empty hole that you're trying to fulfill. You spend as much you can to try to get that satisfaction.

fulfill that hole that just as is bottomless. However, Tyson's life wasn't finished yet. Losing everything had taught Tyson a value lesson ibless now how did you learn that? AB L Everything with humility acting as a basine for how's hits Rock Bottom Chat it's the Birds chat it's the birds because I always think of the birds he he gets the birds the the I think the TV show they get they yes it the it's the it's the birds the birds I think of that sometimes chat hit Red Rock Bottom It be nice to have a bird what it what it with the bird rebild his life Tyson took the lesson he' learned and transformed them into a book whilst his life story was also the perfect premise for his own documentary. On top of this, Mike landed a cameo role in both the Hangover One and Two for which he was paid $300,000 Through these various media appearances, Mike was able to Reby himself a pretty awesome house in Vegas although he refused to let money dictate his happiness.

Is there anybody that thinks a lot of money is going to make them happy? They never had a lot of money cuz it don't make you happy. Yeah, oh no, it's going to make you miserable. You can out it can. it can make you hate yourself.

Since then, Mike has launched his own extremely successful podcast called Hot Boxing and built a net worth of $10 million. Interesting I enjoyed that that was a good video. Guys that been a good video. So so what? What Is the mor the story? Chat, the birds you think? Is it more about the birds or is it less about the cars? it? it can't be both.

It's got to be one of them. more more than the other. I'm thinking the birds. um thinking I might get a bird but they're just kind of annoying though.

I I D Guys all the the things that I think are cool or you cannot have them. They're going to be unhappy. like I want to have an owl? but like I don't want to be annoying. That's just not possible.

you know? But I want to be happy guys I just want.