Two months after the show fight
Mike Tyson spends most of his millions in earnings
January 17, 2025 – 12:20 p.mReading time: 2 minutes
Mike Tyson is reportedly having financial problems. However, he apparently only used some of the money from his fight against Jake Paul to pay off his debts.
Boxing legend Mike Tyson has reportedly bought another luxury villa despite continuing to struggle financially. This is reported by the US magazine “Sports Illustrated”. The property is located in the exclusive community of Tierra del Rey Estates in Florida and is said to have cost $13 million.
The exhibition fight against Jake Paul in November is said to have earned him $20 million. He was actually expected to use this money to pay off debts. Apparently things turned out differently now.
According to the Palm Beach Post, the names of Mike Tyson and his wife Lakiha have been on the official deed to the 2.7-acre property since January 8th. Real estate agent Joseph Jonathan Schneider, who represented Tyson in the purchase, is quoted in the magazine: “This was a successful transaction. The Tyson family has been a valued customer and friend for many years and it was a pleasure to work with them.”
Another South Florida real estate agent, Matthew Maschler, hinted at the potential sale in an Instagram post a few months ago, explaining his reasons for the purchase: “Basically the appeal for him is that his daughter plays tennis in Delray. He wants to “Being able to watch your daughter’s games at any time without the hassle of scheduling.”
Tyson seems to be falling back into old patterns after he had already accumulated millions of dollars in debt in the 2000s through an excessive lifestyle and the purchase of luxury real estate.