MIKE TYSON'S status after becoming the youngest heavyweight champion of the world and then one of the greatest boxers ever earned him a fortune. So much so that Iron Mike was said to be worth a staggering $400million at his peak. In today's money with inflation taken into consideration, that soars up to a whopping $700m - or roughly £550m.
But as he prepares to take on Jake Paul in their big-money boxing fight on Friday night in Texas, Tyson, 58, is now worth a fraction of that. In fact, the $20m purse he is set to receive from this weekend's fight with the Problem Child is approximately double his current net worth. The former boxer - who spent three years in prison from 1992 for rape - filed for bankruptcy in 2003 amid spiralling debts of up to $23m, including more than $13m owed to the taxman.
But where did all of Tyson's money go ? By far his biggest outlay was on property, with the boxing icon owning multi-million-dollar mansions across America . The flagship pad was the 52-room, 21-bed, 50,000-square-foot home he had in Connecticut which included 25 bathrooms, a nightclub, an indoor pool, a basketball court and even a recording studio. Tyson had to sell it when he was declared bankrupt and rapper 50 Cent paid $4.
4m for it. CASINO SPECIAL - BEST CASINO WELCOME OFFERS Another luxury gaff of Tyson's was his Ohio mansion which he had to sell in 1999 and has now been converted into a church. Tyson also had a seven-bedroom home with ex-wife Monica Turner in Maryland which ov.
