Mike Tyson has teamed up with a UFC-backed company to expand his Tyson 2.0 brand. The former world boxing champion's business venture is now valued at $160 million, making it one of the most successful endeavors by a retired sports figure.
Tyson's journey to business success hasn't been smooth. In 2003, he faced bankruptcy, multimillion-dollar lawsuits, and had a reputation for excessive spending. He even lost more than $400 million during his boxing career. But Tyson has made an impressive financial comeback.
The Tyson 2.0 brand has grown into an international presence in the supplements and wellness products market. It offers energy supplements, sports accessories, and lifestyle items. The brand has partnered with Carma HoldCo Inc. and now with this UFC-backed company, which will help expand its commercial reach.
Tyson has learned a lot about managing money over the years. He says:
"Money management is an art that is learned"
Besides Tyson 2.0, the former boxer has several other ventures. He hosts a podcast called "Hotboxin'" and has appeared in films like "The Hangover." He's also worked with brands like BYLT Basics and Futurola. An upcoming exhibition fight against Jake Paul is expected to be another commercial success for Tyson.
Tyson's story shows how a sports figure can reinvent themselves after retirement. He's gone from facing financial ruin to building a personal brand that generates millions. His ability to adapt, learn from mistakes, and build an empire from scratch serves as an inspiration to many.
The boxing legend's influence now extends far beyond the ring. His $160 million business leadership proves that even the greatest can rise again and excel in new fields. Tyson has transformed himself into a visionary entrepreneur and a benchmark for business success.
