Tyson's financial journey has been a rollercoaster. He declared bankruptcy in 2003 after burning through his career earnings. But he's since bounced back, making smarter money moves and rebuilding his fortune.
The recent payday from the Jake Paul fight gave Tyson's bank account a hefty boost. He didn't waste time putting that cash to use. On January 9, 2025, Tyson and his wife snapped up a $13 million oceanfront estate in the Tierra del Ray Estates community.
This mega-mansion is no joke. We're talking 12,286 square feet of living space, with 6 bedrooms and 11 bathrooms. The property was originally listed for $17 million, so Tyson scored a pretty sweet deal.
"It's a responsibility I take very seriously," Tyson said about his new role as CEO of Carma HoldCo, a Las Vegas-based company that's the parent of several cannabis brands.
This new gig is another step in Tyson's evolving career. He's been a vocal cannabis advocate for years, launching his own brand, Tyson 2.0, back in 2021. Now, he's at the helm of a company that oversees not just his own brand, but also "Ric Flair Drip" and "Evol by Future."
Tyson's not just about flashy purchases. He's also investing in his future. Besides the mansion, he bought a nearby plot at a local airstrip. And let's not forget the mansion's extras - a one-acre private bass pond, a massive 24-metre swimming pool, and even a recently renovated, hurricane-resistant barn.
Inside the house, Tyson and his family can enjoy a home theater, gym, hair salon, and wine cellar. There's even an extra-deep four-car garage for their rides.
This spending spree and new business role mark a new chapter for Tyson. He's blending luxury living with business savvy, aiming to grow Carma HoldCo's reach while staying true to its roots. It's a far cry from his financial troubles of the past, showing how far Iron Mike has come both in and out of the ring.