Mike Tyson, American boxer who, at age 20, became the youngest heavyweight champion in history, recently spoke about his experience as a billionaire in the 80s. During an episode of Hotboxin’ with Mike Tyson and DJ Whoo Kid, Tyson was asked by rapper Tony Yayo “how it felt to be so young with so much money”. In response, Tyson said simply, “I was happy.”
Mike Tyson Was Happy In His 80’s
Tyson became a household name in the 80s, winning his first heavyweight title at the age of 20. With his success came a massive amount of wealth, and in 1990, Forbes estimated his net worth to be around $300 million. Despite his immense wealth.
As he explained during the interview, one of his friends had just come out of prison after 48 years. This friend would tell Tyson to invest in real estate, buy some cars, and buy a Rolex watch. However, Tyson said that “He got no concept of saving for another day.”
Tyson’s financial troubles have been well-documented over the years. In 2003, The New York Times report noted that Tyson had officially filed for bankruptcy after years of financial struggles. His spending habits contributed to the $23 million debt he had accumulated over the years.
He has since rebuilt his fortune through various ventures, including his popular podcast, Hotboxin’ with Mike Tyson.
Tyson’s story is a cautionary tale about the dangers of excessive spending and not planning for the future.
While he may have been happy in the moment, his lack of financial foresight ultimately led to his downfall. However, he has also shown that it’s never too late to turn things around and rebuild your life.
In recent years, Tyson has become an inspiration to many for his resilience and willingness to confront his past mistakes.
He has been open about his struggles with addiction and mental health, and has used his platform to raise awareness about these issues.
In conclusion, Mike Tyson’s experience as a billionaire in the 80s offers a unique perspective on the dangers of excessive spending and not planning for the future. Despite his past financial struggles, he has maintained a positive outlook on life and continues to inspire others with his resilience and willingness to confront his past mistakes. As he has shown, it’s never too late to turn things around and rebuild your life, and surrounding yourself with positive people is key to achieving success in all areas of life.