Mike Tyson is one of the most legendary boxers in the sport’s history. At the peak of his career, the former heavyweight champion was one of the highest-paid athletes in the world. But as quickly as he rose up, he fell.

“Iron Mike” earned hundreds of millions throughout his career, but he also spent lavishly, was scammed out of money from managers and promotors, went to prison, and declared bankruptcy multiple times.

Per Celebrity Net Worth, Mike Tyson has a net worth of around $20 million in 2025. Facing financial difficulties since the early 2000s and declaring bankruptcy multiple times, most recently in 2010, Tyson’s over $400 million in earnings throughout his career was entirely depleted multiple times.

His most recent fight against Logan Paul in November 2024, which paid him an estimated $20 million, accounts for the majority of his current net worth.

Looking back on one of the most absurd and controversial moments in boxing history, Mike Tyson’s former trainer has explained the real reason behind why ‘The Baddest Man on the Planet’ took a chunk out of his opponent’s ear.

Originally billed as ‘The Sound and the Fury’, but later dubbed ‘The Bite Fight’, WBA World Heavyweight Champion Evander Holyfield faced off against legendary Mike Tyson in a rematch of their November 1996 bout. In the first fight, Holyfield, despite holding the title, was seen by many as the underdog after failing to impress in his fights following his return from retirement in 1995.

Surprisingly to many, Holyfield controlled the fight, dropping Tyson in the sixth round and getting him up against the ropes in the 10th and 11th respectively, the latter resulting in the fight being stopped by referee Mitch Halpern, gifting the champion an unexpected victory.

The first fight didn’t go without controversy, though, with Tyson complaining about receiving headbutts in the sixth and seventh rounds, both of which were judged as accidental.

Nearly 30 years on, the boxing world still remembers Mike Tyson‘s infamous ear bite of Evander Holyfield.

The fight took place in June 1997 and was a highly-anticipated rematch, after Holyfield had beaten Tyson by 11th round stoppage to win the WBA heavyweight title seven months earlier.

This time the fight only reached the third round, when ‘Iron Mike’ saw red and bit a chunk out of the ear of Holyfield, resulting in a disqualification.

Tyson’s boxing license was subsequently revoked by the Nevada State Athletic Commission and he was fined 3 million dollars due to his actions in the ring, though his license was later reinstated after an appeal.

Boxing trainer and legendary analyst Teddy Atlas worked with Tyson during the early stages of his career, and so knows better than most what may be running through the head of ‘Iron Mike.’

The former heavyweight boxing champion Mike Tyson revealed he spends $40,000 (£33,000) a month on weed.

Tyson was in conversation with his co-host and former NFL player Eben Britton on his Hotboxin’ podcast in 2019, saying he smokes around $40,000 of cannabis a month at his ranch in Southern California.

This works at around 120 tonnes of weed per year.

Iron Mike then posses the question ‘is that crazy?’, in which guest for the show, rapper Jim Jones, couldn’t believe what he was hearing.

Fans have reacted to Tyson’s confession on twitter with a variety of different opinions.

The wildfires raging across Los Angeles have caused unprecedented destruction, claiming at least five lives and forcing over 130,000 residents to flee their homes.

With hundreds of properties destroyed, many people have been left homeless, seeking refuge wherever they can. The disaster has left the city in turmoil, and in response, people from all walks of life are stepping up to help those in need. Among them is boxing icon Mike Tyson, who has used his platform to share crucial information and support the victims.

In a heartfelt message shared on his Instagram, Tyson, 58, offered a helping hand to those impacted by the wildfires. Known for his connection to Los Angeles, where he has spent much of his life, Tyson expressed his solidarity with the city. On his Instagram story, he provided information about human and animal evacuation shelters set up across LA, letting those affected know where to seek assistance.

Along with sharing the shelters’ details, Tyson wrote a simple yet powerful message: “Praying for LA.” His message not only conveyed his compassion but also highlighted ways for others to contribute.

Evander Holyfield knows from experience just how dangerous Mike Tyson[tag] was.

‘Iron Mike’ remains the youngest world heavyweight champion in history at the age of 20 years, 4 months, and 22 days old, having worked his way up to the title after winning his first 19 professional fights by knockout, 12 of them in the first round.

He was undisputed champion from 1987 to 1990, and after a shock defeat to Buster Douglas, regained the world heavyweight title again in 1996.

That set up the fight against Holyfield, where Tyson was a big favourite, but ‘The Real Deal’ upset the odds to claim the 11th round knockout win.

That led to a rematch seven months later, which infamously ended by third round disqualification for Tyson after he bit the ear of Holyfield.