Former heavyweight champion, Mike Tyson found himself in serious financial trouble following his prison sentence for a rape conviction.
He filed for bankruptcy in 2003 with liabilities of $27 million and assets of just $3 million. Tyson filed for bankruptcy again in 2003, claiming $27 million dollars in debt to $3 or so million dollars in assets.
Mike Tyson’s life story
Mike Tyson’s life story is one of the most interesting stories in the history of boxing. Tyson lost his father at an early age but was determined to make it out of Brooklyn and become a world champion.
Tyson had an epic battle with Berbick in 1986, beating him by knockout in just over two minutes to win the WBC title.
He then unified his titles by knocking out James Smith for the WBA belt, before finishing off Trevor Berbick for the IBF crown just three months later.
Tyson defended his belts nine times before being stripped of them due to injury. His performance during this period was inconsistent at best despite earning more than $100million in purse money during that time frame.
What went wrong for this legendary boxer
While some argue that his personal life spiraled out of control after his release from prison, others claim that his financial troubles began when he was still a champion fighter.
In any case, Tyson’s story is a cautionary tale about the dangers of not being smart with your money.
Mike Tyson’s downfall
After losing to Buster Douglas in 1990, Tyson entered into seclusion for almost 2 years after his divorce from Robin Givens caused further problems in his life. As he continued to have alcohol problems, his boxing career did not improve until late 1992.
He later married Monica Turner in 1997 and they have two children together.
How did Mike Tyson’s daughter die
Mike Tyson’s daughter Exodus died in 2009 when she was 4 years old after getting stuck in an air-conditioner.
While the child was left alone in the house for about 15 minutes, her neck became caught in an air-conditioning unit at the bottom of a window and she suffocated to death before anyone could hear her screams.
How his personal life affected him in the ring
Mike Tyson’s personal life began to affect him in the ring.
Tyson was born on June 30, 1966,in Brooklyn, New York. His father was a porter at the Brooklyn Navy Yard and his mother worked as a secretary for the city’s Board of Education.
Mike had an older brother, Rodney, who taught him how to fight. He said that this is what led him to box.
Tyson has been credited with bringing new interest to heavyweight boxing after years of it being dominated by international boxers from Europe and South America. Tyson had the power and speed both inside and outside of the ring.
Why he is an inspiration to many people, despite his failures
For his time, Tyson was the most feared boxer in the world. His ferocity and affinity for violence were illustrated by both his appearance and boxing style. He had an explosive right hand and a quick lateral move to evade punches.
Tyson’s rise from his impoverished Brooklyn roots to being one of the greatest fighters to have ever walked into a ring has made him an inspiration to people all over the world despite his failures as a person.
His last fight with Lennox Lewis in 2002 and why it was so significant
Tyson’s last fight with Lennox Lewis in 2002 was significant because it took place shortly after Tyson was arrested for the rape of 18-year-old Desiree Washington.
The fight result was controversial because some said that Lewis had clearly won by a knockout, while others claimed that the referee had stopped the fight prematurely.
Regardless of the controversy, the “Bite Fight” is one of Mike Tyson’s most memorable fights because of his bizarre behavior during it. The match was stopped in the third round because Tyson bit a piece off of Lewis’ glove.
Mike Tyson’s life is a cautionary tale about the dangers of not being smart with your money. His personal life began to affect him in the ring and he was stripped of his belts due to injury.
While some argue that his downfall stemmed from when he left prison, others claim it started while still a champion fighter.
Either way, Tyson’s story should be an inspiration for people who are struggling financially or experiencing hardship in their lives because they too can come out on top if they put forth an effort.