From $400M Riches to Bankruptcy: How Mike Tyson Turned Cannabis into His Second Fortune

When you hear “Mike Tyson net worth,” most people think of the dominant heavyweight champion who once earned $30 million per fight. But here’s the plot twist nobody saw coming—the man who squandered $400 million in career earnings filed for bankruptcy in 2003 and is now worth an estimated $10 million in 2025, yet appears more financially stable than ever. So what actually happened?

The Dizzying Rise and Fall

Tyson’s peak earning years tell a story of staggering wealth. During the 1990s heavyweight boom, he raked in over $400 million from legendary matchups—Evander Holyfield, Lennox Lewis, and others. At his zenith, Tyson wasn’t just an athlete; he was a cash machine. Then came the crash. Lavish spending, poor financial advice, legal battles, and catastrophic management decisions sent him spiraling. By 2003, despite having earned hundreds of millions, Tyson had nothing left. The bankruptcy filing became inevitable.

The Reinvention That Changed Everything

What’s fascinating is what came next. Rather than fading into obscurity, Tyson reinvented himself multiple times. He transitioned into entertainment through his acclaimed one-man show Mike Tyson: Undisputed Truth, grabbed mainstream attention with a comedic role in The Hangover, and secured lucrative endorsement deals. These moves rebuilt his brand and cash flow.

But the real game-changer? Tyson 2.0, his cannabis brand. While most retired athletes fade away or become mere brand ambassadors, Tyson co-founded a company that’s reportedly valued over $100 million. The cannabis industry’s explosive growth meant perfect timing for someone with Tyson’s name recognition and business instincts.

The 2020 Exhibition: A Reminder That Reinvention Never Stops

Even more intriguing was his 2020 exhibition fight against Roy Jones Jr. At 54 years old, Tyson stepped back into the ring and generated over $80 million globally in pay-per-view revenue. It proved he remained a bankable commodity and showed the power of controlled nostalgia in sports entertainment.

What This Means Today

Today, Mike Tyson’s net worth sits at $10 million—a number that sounds modest until you realize it came after a complete financial reset. Unlike celebrities who cling to the past, Tyson adapted. He moved to Las Vegas, focused on his cannabis empire, and lives relatively quietly. The tigers are gone, the mansions are gone, but the hustle remained.

The Real Lesson: Sometimes losing everything teaches you more than having everything. Tyson’s journey from $400 million to bankruptcy to $10 million of legitimately earned wealth is less a story of financial failure and more a masterclass in reinvention. In an industry obsessed with comebacks, Tyson didn’t just come back—he rebuilt himself from the ground up.