Mike Tyson is certainly one of the greatest boxers in history. Known for his incredible strength and speed, he was the youngest world heavyweight champion of all time. As for his career earnings, it is estimated that Mike Tyson earned more than $685 million.
However, he has had financial problems over the years and declared bankruptcy in 2003.
As for investing, Tyson has had a variety of business interests throughout his career. He has invested in real estate, cannabis cultivation and wine production, to name a few.
Mike Tyson's major sponsors and business partnerships include the endorsement deal with Nike, which was one of the first large endorsement deals for a boxer. Tyson has also had partnerships with other prestigious companies such as Pepsi, Nestle.
Recently, Mike Tyson and Evander Holyfield entered into a business partnership to launch a line of barbecues called The Real Deal: Holyfield's Boxing BBQ. This partnership combined their names and insights to create a line of food products and related businesses.
Mike Tyson: millions of dollars, financial fall and rebirth
Tyson faced several legal and health issues throughout his life. In 1992, he was convicted of rape and sentenced to 6 years in prison, although he was released after less than three years.
Over the course of his career, he has had several controversies related to in-ring violence, including the infamous case where he bit off Evander Holyfield's ear during a match in 1997. He has had various financial problems over the years, including personal bankruptcy in 2003, with references to money mismanagement and financial scams.
Tyson struggled with drug and alcohol addiction for much of his life. He admitted using cocaine and other hard drugs over the years. He suffered from emotional and anger problems, which could be attributed to trauma and abuse suffered during childhood.
During his career, he has suffered numerous injuries, including broken neck vertebrae in 1991 and various hand injuries.
Tyson has worked hard to overcome his problems, including addiction rehabilitation and professional help for his emotional problems. He has found balance in his life and has had several professional successes after retiring from the world of boxing.