Mike Tyson – $3 Million

Mike Tyson had a successful boxing career that spanned for 18 years. He was the undisputed heavyweight champion of the world in the 80s. He was known to be the youngest champion at the age of 20. His life story is a classic tale of great success and loss. Throughout his boxing career, he reportedly earned around $400 million, but this wasn’t enough to sustain his luxurious lifestyle. He squandered his money on luxurious but unnecessary things.

In fact, he was known to have bought Siberian tigers and mansions in the past. His poor money management was the main culprit for his great financial loss. In the end, he faced a debt of around $23 million. He filed for bankruptcy in 2003. Then Tyson was diagnosed with bipolar disorder, and it’s hard not to speculate that his subsequent behavior had something to do with his illness. After a decade, he released a best-selling book titled Undisputed Truth.