posted on Feb, 10 2004 @ 12:12 PM
How the mighty have fallen.....
February 11, 2004
New York: Mike Tyson, who earned more than $US200 million ($257m) during his professional career, had $US5553 left in cash on December 31, according
to papers filed with the US Bankruptcy Court.
Tyson, who filed for bankruptcy protection in August, also had $US174,000 in property and equipment and more than $US10.2m in liabilities at the end
The former world heavyweight champion reported earning $US720,018 and spending $US85.50 in December, and earning $US5.68 and spending $US22,000 in
Tyson hasn't fought since knocking out Clifford Etienne last February, earning $US5m for the fight. He has a 50-4-2 career record and became the
youngest heavyweight champion in 1986 at the age of 20. He lost his undisputed title to James "Buster" Douglas in 1990 and spent three years in
prison after a 1992 rape conviction.
Tyson regained the World Boxing Council and World Boxing Association titles in 1996 with victories over Frank Bruno and Bruce Seldon. He lost the WBA
title in 1996 to Evander Holyfield and was disqualified in the rematch for biting Holyfield's ear.
An adviser to Tyson said the boxer might fight in May or June in an effort to pull himself out of debt, the New York Daily News reported on Monday.