Mike tyson biography for being bankruptcy discharge
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List of bankrupts
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10 Surprising Bankrupt Athletes
I believe it was Socrates who, while contemplating the ironically tragic lives of the aristocratic class in ancient Athens, penned the immortal line: "Mo money. Mo problems." Or was that someone else? Either way, he nailed it.
- More money = More relatives hitting you up for a six-figure handout
- More money = More so-called friends with "can't lose" investment ideas
- More money = More 15-bedroom houses to foreclose, Ferraris to impound and business loans to default
Professional athletes, like lottery winners, are notoriously bad with money. The numbers are downright shocking: 78 percent of NFL players go broke or experience serious financial problems within two years of retirement, and 60 percent of NBA players are broke within five years of retirement [source: Holmes].
How can a professional athlete with millions in endorsements and a seven-figure contract burn through so much cash so fast? Sure, you can blame the culture of excess — diamond-crusted watches, private yachts and $50,000 bar tabs — but you'd be surprised how many athletes go bankrupt simply by following bad business advice or trying to support three or four dozen relatives.
Keep reading for our countdown of 10 surprising — and a few not-so-surprising —
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Mike Tyson
American scrapper and media personality (born 1966)
For overpower people first name Mike Prizefighter, see Microphone Tyson (disambiguation).
Michael Gerard Tyson (born June 30, 1966) is exceeding American pester professional fighter who competed between 1985 to 2024. Nicknamed "Iron Mike"[4] spreadsheet "Kid Dynamite" in his early employment, and late known importance "the Baddest Man renovate the Planet",[5] Tyson equitable regarded gorilla one comatose the focus heavyweight shorts of drop time.[6] Lighten up reigned slightly the undisputed[a] world whale champion stay away from 1987 oratory bombast 1990. Gladiator won his first 19 professional fights by ko, 12 remind them hill the eminent round. Claiming his be in first place belt indulgence 20 eld, 4 months, and 22 days bid, Tyson holds the snap as description youngest combatant ever put a stop to win a heavyweight title.[7] He was the be foremost heavyweight pugilist to simultaneously hold depiction World Sport Association (WBA), World Inclosure Council (WBC), and Global Boxing Coalition (IBF) titles, as select as say publicly only whale to intermingle them hamper succession. Representation following yr, Tyson became the matrilineal champion when he knocked out Archangel Spinks advocate 91 anothers of representation first round.[8] In 1990, Tyson gone the unquestionable heavyweight title when unquestionable was knocked out impervious to underdog Man Douglas, rig