No inheritance for the children
Mike Tyson has spent 500 million on women
Mike Tyson made millions during his boxing career. There is nothing left of this money, he spent most of it on women. That’s why his children look into the tube.
In the 1980s, Mike Tyson (56) sent one opponent after the other onto the boards, becoming the youngest heavyweight world champion of all time in 1986 at the age of 20. No wonder the American has raked in hundreds of millions of dollars during his boxing career. And you could actually believe that he was already financially secure at that time. But that’s not the case. As he now reveals in the podcast “The Pivot”, there is nothing left of this fortune.
What did he do with it? Squandered, financed parties and excesses. And spent a large part on women. Specifically: almost 500 million dollars!
“I spent my last million dollars on my rehab because there was nothing left of the $500 million I made as a boxer.” “It was all about women. It took 15 to 16 years, it seemed like a lot of money, but it’s all gone.”
Children get nothing
all gone This also means that his eight children will get nothing. But Tyson had no intention of filling their bank account one day anyway. He says: «What I leave them is the lesson to work hard and pray a lot. Money would not help them, it would harm them because it would not teach them to stand up for themselves, to overcome adversity and to work hard.”
Are the children happy about it? One can only hope that they learn the lessons of their father’s behavior and become more sensible with their own money.