Mike Tyson is renowned as one of the greatest heavyweight boxing champions of all time. At the peak of his career, Tyson earned an astounding $430 million through fights and endorsements, equivalent to about $700 million today. However, his lavish lifestyle resulted in him squandering his entire fortune over a dramatic 15-year spending spree, ultimately leading him to file for bankruptcy in 2003.

The saga of how the “Baddest Man on the Planet” gained and then lost his wealth is a compelling story of financial extravagance and personal struggle.

In other financial news, former New York Mayor Rudy Giuliani has settled his personal bankruptcy case. Court filings indicate that Giuliani has agreed to pay $100,000 in cash and use the proceeds from selling one of his luxury properties in New York or Florida to clear his remaining debts. This settlement, reached just before a court appearance, enables Giuliani to avoid detailed questioning about his finances in bankruptcy court.

Giuliani, who sought Chapter 11 bankruptcy protection in December 2023 following a $148 million defamation verdict against him, faced criticism from Bankruptcy Judge Sean Lane for failing to cooperate with court orders. The defamation case arose from Giuliani’s and Donald Trump’s baseless voter fraud allegations during the 2020 election, which led to harassment and threats against two former Georgia election workers.