Former heavyweight champion Mike Tyson, once infamous for poor financial decisions that led to bankruptcy in 2003, appears to be making a comeback not just in finances but in business as well. Now 58 years old, Tyson had been recovering his financial footing through more mindful spending and investments. However, recent reports suggest that he may have already used up a significant portion of the $20 million he earned from his high-profile fight with Jake Paul.
The fight, which took place in November and was heavily marketed thanks to Tyson’s legacy and Jake Paul’s massive online following, generated major viewership and revenue, despite not living up to the hype in terms of the actual boxing. Tyson reportedly walked away with a $20 million paycheck. By January 2025, it seemed much of that income had already been spent.
One of Tyson’s major purchases was a luxurious $13 million waterfront mansion in Florida, situated in the exclusive gated community of Tierra del Rey Estates. The mansion spans 12,286 square feet and features six bedrooms, 11 bathrooms, and a host of high-end amenities. It had originally been listed for $17 million during its construction phase, indicating that Tyson may have secured a favorable deal.
In addition to the main property, Tyson also acquired a nearby plot on a local airstrip, showing further signs of substantial investment. The estate includes a range of luxurious features such as an 80-foot swimming pool with a spa, a one-acre private bass pond ideal for fishing, a guesthouse, a renovated and air-conditioned barn with hurricane-resistant windows, a home theater, a gym, a specialized “haircut lounge,” a prep kitchen, wine storage, and a spacious four-car garage.
Although the $13 million price tag doesn’t include closing costs—which the buyer had to cover—Tyson still appears to have gotten the mansion below the original asking price, which adds value to the purchase.
While Tyson may have quickly spent much of his fight earnings, he has also embraced a new professional chapter. He has stepped into the role of CEO at Carma HoldCo, the parent company of cannabis brands like Tyson 2.0, Ric Flair Drip, and Evol by Future. This move follows his consistent interest in the cannabis industry, which began when he launched Tyson 2.0 in 2021.
He replaces former CEO Adam Wilks and promises to lead the company while staying true to its core values and expanding its influence. Tyson’s new leadership role marks a significant transition in his career—from athlete to executive—and reflects his growing involvement in business ventures that blend wellness, entertainment, and cultural storytelling.
Tyson’s partnership with former boxing rival Evander Holyfield also contributed to this evolution. Together, they launched Carma Holdings and introduced “Holy Ears” edibles—products that attracted attention for their humorous and personal branding.
In summary, Tyson appears to be redirecting his post-fight earnings into strategic investments like real estate, while also taking a commanding role in the cannabis industry. Whether this new phase proves sustainable remains to be seen, but it’s clear that Tyson is pursuing a multifaceted legacy beyond the ring.