Mike Tyson, once the most feared and revered fighter in the world, has lived a life full of triumphs and controversies. The legendary boxer, known for his explosive power and dominant reign in the ring, has amassed an incredible fortune over the years. With more than 30 professional fights under his belt and earning upwards of $10 million per bout at the peak of his career, Tyson was once considered one of the wealthiest athletes in the world. Additionally, he had over 20 endorsement deals with major brands, further solidifying his status as a global icon.

Yet, despite his enormous success in the ring and his lucrative business ventures outside of it, Tyson’s net worth today stands at a surprising $10 million—far less than what many would expect for someone who once ruled the sport. So, what happened?

Tyson’s life story is a cautionary tale of excess and self-destruction. At the height of his fame and fortune, the former heavyweight champion became notorious for his reckless spending. One of the most infamous examples of his extravagant lifestyle was when Tyson bought 100 cars in a single purchase. His collection included rare sports cars and luxury vehicles, many of which he never drove or used. But cars were just the beginning of Tyson’s spending spree.

Tyson also indulged in a bizarre obsession with exotic animals, buying tigers, lions, and other wild creatures. These animals, which were expensive to maintain, added to the growing list of extravagant purchases that drained Tyson’s fortune. He also spent money lavishly on mansions, jewelry, and parties, often living as if money would never run out. This reckless behavior, combined with the pressures of fame and personal turmoil, eventually caught up with him.

In the end, Tyson’s financial mismanagement, coupled with his legal troubles and failed business ventures, led to his bankruptcy. In 2003, he filed for Chapter 11 bankruptcy protection, despite having earned over $300 million during his boxing career. His financial downfall was as swift and dramatic as his rise to the top.

Today, Tyson has reflected on his life, acknowledging the mistakes he made and the excesses that led to his downfall. In interviews and documentaries, Tyson has shed tears over his past, not for the physical blows he took in the ring, but for the emotional scars left by his reckless choices. The man who once had it all, including the heavyweight championship title, now struggles to rebuild his life and legacy.

Despite his financial troubles, Tyson has managed to regain some stability in recent years. He has become a popular figure in the world of podcasts and entertainment, using his platform to discuss everything from boxing to life lessons. Tyson also earned money through ventures like his cannabis business, where he has found success in a new, more grounded chapter of his career.

Mike Tyson’s story is a powerful reminder that fame and fortune are fleeting, and without discipline and a solid foundation, even the greatest champions can lose it all. Yet, his ability to reflect on his past, share his struggles with the world, and rebuild his life shows that redemption is always possible—even for someone who once seemed to have everything and lost it all.