How Tyson Raised $ 400 Million But Bounced Back With Marijuana Company | boxing

OR give tells the story of how the legendary boxer, who returns to the ring at age 54, emerged from bankruptcy and re-emerged as a businessman.

Combate will air live on November 28 Mike Tyson’s return to the ring in Los Angeles, United States. The channel’s subscribers will follow the fight against American Roy Jones Jr., who will have eight rounds. The Los Angeles broadcast of the event, which has another six fights scheduled, begins at 9:30 p.m. TV Globo will also broadcast the fight in the early hours of Saturday through Sunday after the Supercine.

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Through “Tyson Holistic”, it invested in products related to grass, taking advantage of the fact that consumption for recreational purposes has been released in the state of California, in the United States, since 2018. The best-known subsidiary of this conglomerate is “Rancho Tyson “(” Rancho Tyson “). The recreational use of marijuana in the country is legal in 11 states and in Washington, the capital. Its use for medical purposes was legalized in 1934.

The updated data for April 2020, cited by the boxer in his podcast “Hot Boxin ‘”, shows that today he sells US $ 1 million (approximately R $ 5 million) every month. In his internet program, he also said that he uses, for his own consumption, an amount equivalent to US $ 40 thousand (R $ 200 thousand) per month of his own production.

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+ Tyson’s lullaby. Check out some of the legendary attacks in particular!

Mike Tyson was convicted in 1992 of the rape of model Desiree Washington a year earlier and served three years. Then, in 1999, he spent another three months in jail due to a traffic fight. I mean, it has a long history of trouble with the law. Not even Brazil escaped the Iron Mike script.

On November 10, 2005, he got into a big trouble at the Bahamas nightclub, in São Paulo, and attacked a cameraman, being detained by the Military Police. According to the delegate responsible for the case, the reporter began filming the American, who became angry and asked that the recording be interrupted, something that the cameraman refused. As a result, Mike assaulted the professional, took the camera, destroyed files and equipment.

+ “The Marijuana Empire” Helped Boxing Legend Mike Tyson Out Of Bankruptcy

Two years before that case, at 37, he filed for bankruptcy. Tyson has always blamed his former manager Don King for money mismanagement and embezzlement. According to him, it was the agent who managed his money for years, especially when he was in prison. Aside from trouble with the law, Iron Mike still had to deal with a depression brought on by the death of his own daughter, Exodus, who was four, in a home tragedy, and was still using cocaine, which also helped. bring the fortune you have earned.

– My whole life has been a waste. I failed. I just want to escape. I am very ashamed of myself and my life. I want to be a missionary. I want to end this part of my life when possible. In this country, nothing good will come of me. People throw me there and I wanted to destroy that image, the fighter said in 2005.

Tyson owned Siberian tigers, luxury cars (111 according to the US press) and even a 21-bedroom, 24-bathroom mansion. The “Celebrity Net Worth” website estimates that you spent:

– US $ 4.5 million (R $ 24 million) in cars and motorcycles (19 gifts for close friends);
– US $ 400 thousand (R $ 2.13 million) in animals such as tigers;
– US $ 300 thousand (R $ 1.6 million) in lawn care and garden maintenance;
– US $ 240 thousand (R $ 1.28 million) per month with his daily life;
– US $ 230 thousand (R $ 1.22 million) in cell phones, pagers and telephone bills;
– US $ 125 thousand (R $ 667 thousand) per year for an animal trainer;
– US $ 100 thousand (R $ 533 thousand) per month in jewelry and clothing;
– $ 2 million ($ 10.68 million) in a gold bath for his ex-wife, actress Robin Givens.

How did Tyson win so much from boxing?

In addition to endorsements, Mike Tyson pocketed a fortune from the prizes from his fights. He made his professional debut in 1985 and beat Trevor Berbick the following year to become the youngest heavyweight champion of the world at just 20 years old. He remained undefeated until 1990 and saw his fees go up a lot. If he took US $ 1.5 million (R $ 8 million) against Berbick, two years later, in 1988, he received US $ 5 million (R $ 26 million) against Larry Holmes.

Two months later, it took $ 10 million to beat Tony Tubbs. In June of that same year, he beat Michael Spinks in 90 seconds and left with $ 20 million (R $ 106 million) in his pocket, which at that time placed him as one of the highest paid athletes on the planet. Tyson made another $ 7 million ($ 37 million) by defeating Frank Bruno in Las Vegas a year later.

Even when he lost, Tyson won a large sum. It was 6 million dollars (32 million reais) when he fell to Buster Douglas in 1990, a loss many see as the beginning of his downfall for not being a top opponent. In July 1991, he was arrested on suspicion of rape. In 1992, he received a six-year prison sentence, which halted his fighting income.

After three years in prison, he fought Peter McNeeley in 1995 for $ 25 million. In sequence, he won four checks for $ 30 million, including the “bite fight” in which he was disqualified from Evander Holyfield. The suspension of the Nevada State Athletic Commission also affected his finances.

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Before retiring in 2005, Tyson received checks for $ 10 million (R $ 53 million), $ 17.5 million (R $ 93 million) and $ 5 million (R $ 26 million) for fights. His participation, as a guest, in WWE (wrestling), generated US $ 3.5 million (R $ 18 million). But his lavish lifestyle contributed too much for all that fortune to go to waste. More recently, with his motivational speeches, movie appearances, and even a Broadway show, plus, of course, “Tyson Ranch,” he has recovered financially and is about to receive another smash hit against Roy Jones Jr.

Triller paid US $ 50 million (R $ 266 million) for the rights to the fight, and the combatants’ fees, according to the US press, will vary with the sale of pay-per-view packages, but the expectation is around US $ 10 million (R $ 53 million) to US $ 20 million (R $ 106 million) for each boxer. According to Iron Mike’s manager, Brazilian Rafael Cordeiro, the American should donate his values ​​to charity.

Outside the ring, Tyson becomes controversial and has been arrested for rape

The troubled teenager has become a boxing legend. At just 20 years old, Mike Tyson became the youngest heavyweight champion of the world and built an impressive record throughout his career. There were 58 fights, 50 victories and 44 of them by knockout. But the boxer’s career was also marked by many confusions, controversies and crimes. In 1992, he was sentenced to six years in prison for sexually abusing Miss Desiree Washington. He served half his sentence and was released in March 1995 for his good behavior.

After being released, Tyson returned to fight and win. Shortly after, in 1997, he starred in one of the most aggressive episodes in boxing history by biting Holyfield’s ear during a fight, being disqualified and expelled during a year of competition. Outside the ring, he continued to have police footsteps on assault and drug possession charges. One of these episodes was in Brazil, in 2005, when he attacked a cameraman and was arrested. That same year, after two defeats, he retired from boxing.