Mike Tyson Got $30 Million For Famous Holyfield Ear-Biting Fight, But Blew Over a Million Bucks That Day

by Clayton Edwards

Mike Tyson is one of the most famous athletes of all time. You don’t have to be a fan of boxing to know about Iron Mike. His prowess in the ring and antics out of the ring made him a household name. For many, there is one moment that will forever be synonymous with the former champion: the Evander Holyfield ear-biting incident.

What many don’t know is that Tyson was paid $30 million for the fight before he ever stepped in the ring. That sum is equal to almost $49 million today. He then went on to blow over $1 million that very afternoon.

How Mike Tyson Blew Over $1 Million in an Afternoon

The day was June 27, 1997. It was just three days before Tyson’s 31st birthday and a day before his infamous rematch with Evander Holyfield. Mike Tyson met up with his promoter, Don King at the MGM Grand to pick up his check for the upcoming fight. King wrote a check for $30 million and handed it to the boxer.

Tyson exited the building and jumped in his $350,000 Lamborghini. Between the upcoming fight and the astronomical sum of money he was just handed, Tyson was excited. So excited that he backed his sports car directly into a parking barrier and dented the rear fender.

At that moment, Tyson was convinced that the car was cursed. He quickly exited the vehicle and, with a few choice words, threw his keys to a nearby security guard. Tyson told the bewildered man to “Take the f-ing car.” With a little reassurance from Don King, the security guard did just that.

For those keeping count at home, Tyson is currently down over a quarter of a million dollars before he left the parking lot.

A little over an hour later, Don King found Mike Tyson leaving the Versace store at Caesar’s Palace. He had dropped $800,000 on clothes, shoes, and accessories. It was then that King took the check back from Tyson to keep the money and the boxer safe.

What is Tyson Doing Now?

Recently, Tyson stepped back in the ring for an exhibition match with Roy Jones Jr. There are rumors that he and Holyfield will be coming together for a third matchup in the future. Other than training and fighting he hosts a podcast called “Hotboxin’ with Mike Tyson” where he chats with a wide variety of celebrity guests. He has also opened Tyson Ranch, a sprawling “weed resort” about 100 miles north of Los Angeles. It’s safe to say Iron Mike is a little more laid back than he was in 1997.