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Mike Tyson’s return to the boxing ring against the YouTuber turned-boxer, Jake Paul, continues to be a topic of discussion among enthusiasts, especially due to the controversy that has since surrounded the event. Among many, sharing their claims and assessment of the event, has also come out the longtime friend of the former heavyweight champion, Fat Joe.
The 54-year-old rapper recently reflected on Tyson’s return to the arena, claiming that the only reason he chose to return to the boxing ring after nearly two decades of retirement was due to his financial troubles.
Fat Joe Claims Mike Tyson’s Boxing Comeback Was Driven by Financial Struggles
As per Mike Tyson’s friend and the rapper, Fat Joe, the reason why Tyson chose to go back to the ring was his financial struggles.“Do you think if he was a billionaire and he had crazy money, he would be fighting somebody at 58… no,”he said on hisInstagram.
Fat Joe also emphasized his turbulent past, noting that Tyson’s fortune, allegedly amounting to nearly $1 billion, was mismanaged or stone during his prime. He said,
The man come from nothing, he made it, made a billion dollars, and 95 to 98% of that money got stolen from him… He’s had a f**ked up past and they stole all his money guys, they stole all his money.
He also reflected on the fight’s outcome andthe criticism surrounding it.“Yo, the fight, it wasn’t Mike. He’s 58 years old,” he said defending Tyson and the fight’s outcome.
“I’m really happy that… Mike Tyson, 58 years old, might have taken home $30 million last night,”he further said, arguing,
Throughout his life, he’s had so many people who have had their hand out… What do you think they do at the end of the fight? They all need $50,000, $100,000, $200,000, $500,000 — The fact that he walked in the ring by himself means he’s finally getting all his money.
Fat Joe also shared his appreciation forJake Paul, for bringing up such an opportunity for Tyson, stating that not only did he put“that money in Iron Mike Tyson’s pocket,”but he also believes that he in no way wanted to embarrass the former champion, who isreportedly set to receive $20 millionfor the event.
How Did Mike Tyson Lose His Huge Fortune?
Mike Tyson, hailed as one of the greatest heavyweight champions, experienced both extraordinarytriumphs and devastating setbacks.Dominating the boxing world in the late 1980s, Iron Mike amassed millions through fights and endorsements.
However,his lavish lifestyle,marked by luxury mansions, exotic pets, and extravagant spending, coupled with legal troubles, led to financial turmoil. By 2003, Tyson had to file for bankruptcy.
He has opened up about his financial downfall and struggles that followed ina conversation with tennis starNick Kyrgios.“At the beginning, I didn’t handle fame too well. You know because at first you want the fame of being a champion, but you have no control then,”he said.
I might not be in the mood, so I used to be violent about it. And then, I started getting quite a few lawsuits and I stopped. I’m a glutton for pain, but I stopped. I couldn’t sign anymore checks so. I was always being sued.
He further stated,
Constantly blew my money away from being sued and going to court and just associating with the wrong people and making bad business decisions. And it was just the whole caboot, pretty much. That was just me getting caught up in a vortex of destroying myself.
However, despite facing such struggles, Tyson has managed to rebuild his life. He regained his presence in the spotlightthrough acting roles in films likeThe HangoverandRocky Balboa. As perCelebrity Net Worth, his net worth amounts to $10 million.
Nearly two decades after retirement from the sport, Tyson returned to the boxing ring to face off a 31-year-old younger opponent Jake Paul, whose victory at the event has left many skeptical of the final results.
Laxmi Rajput
Senior Writer
Articles Published :3448
Laxmi Rajput is a Senior Writer at FandomWire, with over 3,300 articles published covering film, TV, and pop culture. With a degree in Broadcast Journalism and over three years of experience in content writing, she pivoted to entertainment journalism because let’s be honest, superheroes, sitcoms, and Netflix binges are way more fun. Laxmi frequently covers Marvel, Harry Potter, Star Wars, and popular TV shows, offering both fan-first enthusiasm and thoughtful analysis. Her work often dives into Marvel theories, revisits the genius of The Big Bang Theory, or unpacks the Netflix phenomenon of Stranger Things.
