He made a fortune during his boxing career, earning over $300 million and peaking at a net worth of $300 million in the late 1980s and early 1990s.
Tyson lived an extravagant lifestyle, spending millions on mansions, luxury cars, and exotic animals.
He declared bankruptcy in 2003 with over $23 million in debt due to his lavish spending and poor financial management.
Tyson has rebuilt part of his fortune through business ventures like his cannabis company Tyson Ranch, movie roles, and exhibition fights.
Tyson is estimated to make $20 million from his upcoming exhibition fight against Jake Paul.
During his career, Tyson earned up to $30 million per fight from purse winnings, pay-per-view buys, and endorsements.
Tyson's story serves as a cautionary tale of how poor financial decisions can lead to the loss of significant wealth, but also shows that with determination one can make a comeback even after facing financial ruin.