The Exact Way Mike Tyson Blew $400 Million

So how exactly DID Mike Tyson blow through 400 million dollars?! That’s a LOT of money! Find out all about not just his one time crazy purchases, but how much money he was spending by the MINUTE in this video!

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Just how exactly did Mike Tyson blow over 400 million dollars?!

11 - Cars
Mike Tyson’s decline into bankruptcy began when he got out of jail in 1991 after being inside for three years. His check writing became as legendary as his knockouts, and by the middle of the 90s, he had spent a whopping four and a half million dollars on cars and motorbikes! Throughout his career, the boxer had a love of fast machines, and he’s thought to have bought more than a hundred vehicles over the years. He certainly had a thing for Bentley’s. One day Mike and his entourage visited a top-end dealership in Las Vegas and saw a Bentley Azure. With a price tag of three hundred and twenty thousand dollars, it was one of the priciest cars in the world at the time. Not happy with just buying one, he ordered four more! He handed over one and a half million dollars in an afternoon. Even though he was spending hundreds of thousands of dollars on a car, Iron Mike was treating them like he would with his underwear. With so many cars, it was often hard for Tyson to keep track of them. He’d often lend his friends vehicles from the fleet, and forget who had them. His entourage would later go on a treasure hunt to recover the missing automobiles. Hey do us a favor and hit that like button, because it really helps us out!

10 - Clothes
For Iron Mike, looking good has always been important. It may stem from his impoverished upbringing in the Bronx when his mother could barely scrape a living. Once he found fame and fortune, he had to keep up appearances, even when he wasn’t boxing. During the nineties, he would regularly spend a hundred thousand dollars on clothing and jewelry every month. He’d think nothing of spending fifteen hundred dollars on a shirt. In his court documents during his divorce case, Iron Mike spent 400k a month to maintain his lifestyle! Hey, real quick, if you’re enjoying this video, don’t forget to hit the subscribe button and the notification bell! Because you don’t want to miss our latest upcoming releases! Okay, back to Iron Mike: even when he was about to declare bankruptcy, his spending habits didn’t change. A few months before the court filing, Tyson walked out of a Beverly Hills jewelry store with a gold and diamond necklace. It was worth more than a hundred and seventy thousand dollars. And the thing is, he did it on credit. The store owner said it was typical to let stars like Mike take goods, as they were ‘good for it’.

9 - Miscellaneous Expenses
You know that just being Mike Tyson is a costly business. A multi-millionaire pro boxer has to look and act like a playboy, even if he was hemorrhaging cash. As we’ve seen, Mike always liked to be a snappy dresser with plenty of bling to go with it. Just day to day living took its toll on his pocketbook. Like we said earlier, Mike was blowing around 400 thousand dollars a month. Here are some examples for his miscellaneous expenses from 1995 to 1997. He spent $9 million in legal fees, $230,000 on pagers and cellphones ALONE, and $410,000 on a birthday party. Essentially, if Mike liked something, he’d buy it. The same goes for people he met. If he liked them, he’d given them a little cash to go on their way. If you do the math, he was spending about 10 dollars a MINUTE every minute of each day and night, and nothing much to show for it in return.

8 - Homes
And then there are of course the homes and estates he bought around the country to live in whenever it took his fancy. He had homes in Las Vegas, Ohio and Maryland. They were all decked out with as much bling as possible. This of course meant gold fittings in the bathrooms. At one time he purchased a 21-bedroom/24-bathroom mansion in Connecticut that came complete with its own nightclub and casino! And gold fittings throughout the house of course. Obviously, the maintenance on these estates wasn’t a cheap deal either. The bill for just the gardening and mowing the lawns was over three hundred thousand dollars!

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