How Mike Tyson Squandered Ksh49 Billion Fortune

A Young Mike Tyson In The Ring During The Prime of His Career
A Young Mike Tyson In The Ring During The Prime of His Career
@MirrorFootball/Twitter

Mike Tyson was not only a celebrated heavyweight superstar but he built an incredible fortune at the height of his career that spanned over two decades. 

Tyson was bold enough to charge Ksh3 billion for a single night of showing his exemplary skills in the ring.

For 20 of the prime years of his career, the legend accumulated an equivalent of Ksh49 billion making him one of the richest sportsmen to ever walk on earth.

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The adage with great power comes great responsibility was probably not one of the old adages that Tyson was meditating on in the comfort of his Ksh200 million golden bathtub.

Iron Mike, as he was popularly known spent his ear-shattering fortune on just anything money could buy from mansions, cars, parties, jewelry, state-of-the-art cellphones, designer apparel, and his favourite pets - Serbian tigers.

Tyson bought three tigers for Ksh7 million and lived with them in one of the six mansions he owned and spent Ksh20 million to feed the big cats.

The boxer even got his iconic tiger print eye tattoo just to show how much he loved the members of the big cat family.

His Ksh12.5 million investment to have the tigers home trained was an exercise in futility after one of the tigers named Kenya attacked his neighbor warranting a Ksh25 million fine to cater to the damages.

The Newyork born "Baddest Man on The Planet" once walked to a jewelry store and picked a Ksh173 million gold chain with 80 carats diamond which never paid for adding to his Ksh2.3 billion debts filed against him in a Manhattan bankruptcy court.

By the time he was 40, Tyson accumulated Ksh3.8 billion in debt to various creditors who would later sue him after failed agreements with the boxing superstar.

As his boxing skills are diminished, and consequently his earning power Tyson's troubles take center stage in his life.

Tyson's net worth is currently estimated to be between Ksh1 billion to Ksh5 billion and comprises cars, two Las Vegas mansions, among other properties.

The sale of his Connecticut home will pay a Ksh900million divorce settlement to his ex-wife, Monica Turner who was married to Tyson for six years.

The 55-year-old currently lives in a Mediterranean-style mansion in the Seven Hills gated golf-course community in the Henderson suburbs of Las Vegas.