Mike Tyson Once Bought a $7 Million Diamond Necklace—and It Got Stolen

by Jeremy Spirogis
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Mike Tyson was recognized for spending his cash excessively throughout his time on prime. In his heyday, he was incomes upwards of over $20 million per battle, and persistently saved tens of hundreds of thousands of {dollars} in his financial institution accounts. Having all of that cash gave Tyson the liberty to purchase something he wished at any given second.

However, though he was afforded a way of life many people may solely dream of, he didn’t at all times make the most effective choices along with his cash. Tyson was notorious for spending his cash on outrageous materials objects, a few of that are laborious to consider. One of these gadgets, specifically, was a diamond necklace that he spent $7 million on, and right here’s the kicker—he misplaced the necklace!

Mike Tyson was one of many highest-earning boxers of all time

Tyson was a boxing prodigy that dominated the game for greater than a decade. His pure talent and tireless work ethic catapulted him to the highest of aggressive boxing, and he shortly started to see nice rewards for his capacity. Consistently drawing massive quantities of viewers to his pay-per-view matches, Tyson started to earn massive sums of cash simply to battle. 

At his peak, Tyson earned greater than $20 million per battle and even acquired bonuses of a number of hundred thousand {dollars} for each first-round knockout he achieved. According to Forbes, Tyson had profession earnings of greater than $400 million, making him one of many highest-earning boxers of all time. 

While some individuals would select to save lots of such massive portions of cash, Tyson as an alternative selected to spend it freely, having fun with life because it got here.

Tyson spent his cash on outrageous issues, together with a $7 million necklace

In his prime, Tyson was recognized for his flamboyant life-style and ridiculous spending habits. In the late 80s and early 90s, dozens of tales circulated about how Tyson would spend his cash on outrageous gadgets equivalent to Bengal tigers, dozens of unique automobiles, a 52-room mansion (now owned by 50 Cent), and even a $2.three million gold bathtub.

But it will get worse. Tyson spent over $300,000 on limousine rides, over $60,000 on luxurious rugs, and hundreds of thousands on his intensive jewellery assortment. On a latest episode of his well-liked Hotboxin’ podcast, Tyson spoke how he as soon as spent $7 million on a diamond necklace. Incredibly, Tyson additionally admitted that the necklace was stolen from him and revealed that he often gave away his jewellery to household, associates, and even strangers. 

He filed for chapter in 2003

Although Tyson lived a lavish life-style wherein he spent hundreds of thousands of {dollars} as he happy, his reckless spending habits ultimately caught up with him. According to CNN, he filed for chapter in 2003 and later filed a $100 million lawsuit towards his former promoter, Don King, claiming that he was cheated out a big portion of his profession earnings. 

Tyson has since recovered financially and lives a modest life-style along with his household. Although he’s not incomes anyplace close to what he did in his prime as a boxer, he’s in a greater place now than he was in 2003. 

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