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Old 06-29-2004, 01:31 AM   #1
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Mike Tyson has been living in homess shelters

from imdb:
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Boxer Mike Tyson labels his life a "total waste" now his ruined career has forced him to turn to pals and homeless shelters in a desperate search for a bed. The former heavyweight champion has been living rough since filing for bankruptcy last October and is humiliated the drug dealers he's encountering are more cash rich than him, despite his years of glory in the ring. But Tyson - who has just been handed a lifeline after accepting a $14 Million settlement from promoter Don King - doesn't crave the wealth he once experienced, because it turned him into an animal. He says, "For the past two years, I have been a bum, truly a bum in the streets. I've got nowhere to live. I've been crashing with friends, sleeping in shelters. Unsavory characters are giving me money, and I'm taking it. I need it. The drug dealers, they sympathize with me. They see me as some sort of pathetic character. They have got more money than me. Imagine that. When I had money I was an animal. I wasn't that nice a person. Just because you buy mansions and cars doesn't mean you know what money is worth. I lost it all across the board. My life has been a total waste."


How do you blow millions upon millions?

No one can be THAT stupid.
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Old 06-29-2004, 01:32 AM   #2
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yeah hes blew over 300$ million dollars. he has like 7 fights scheduled to try and pay his 20$+ million dollar debt
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Old 06-29-2004, 01:33 AM   #3
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Quote:
Originally posted by DarkJedi
from imdb:




How do you blow millions upon millions?

No one can be THAT stupid.
bigger fortunes have been lost.
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Old 06-29-2004, 01:34 AM   #4
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he's going to have a hard time trying to find someone who cares.
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Old 06-29-2004, 01:40 AM   #5
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It's a bit hard to go from 300 million to 0, but in his case i guess all he knows how to do is fight, maybe he should hire someone to watch over his assets.
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Old 06-29-2004, 01:40 AM   #6
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Quote:
Originally posted by DarkJedi
from imdb:




How do you blow millions upon millions?

No one can be THAT stupid.
he got a lot of bad advice from Don King and his hangers on

he also got ripped off a lot and of course every fuckface with a few beers in them start shit at nightclubs, next thing ya know, Mike's paying someone.
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Old 06-29-2004, 01:43 AM   #7
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that is a lot of money to spend
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Old 06-29-2004, 01:46 AM   #8
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it always how you play the cards that counts!
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Old 06-29-2004, 01:47 AM   #9
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also, if you're spending more than you're making, you'll go broke whether you make $300 or $300 million
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Old 06-29-2004, 01:52 AM   #10
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He's still $24.4 million in the hole even after the settlement with Don King.
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Old 06-29-2004, 01:54 AM   #11
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a while back I saw a story on him where they said he had like 800 cell phones that he gave out to people and he paid the bills for plus he had some tigers at his las vegas house that cost like 3K a day a to feed and care for. He would go out to a club and spend 150K on booze for people he didn't even know. When you blow through money like that it's pretty easy to see how he could lose it all.
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Old 06-29-2004, 01:57 AM   #12
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That is why it would of been a good idea to invest some of the money
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Old 06-29-2004, 01:58 AM   #13
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http://www.thesmokinggun.com/archive/mtysondiv1.html

Jeez 2800 just for lawn care...
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Old 06-29-2004, 01:59 AM   #14
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Quote:
Originally posted by kane
a while back I saw a story on him where they said he had like 800 cell phones that he gave out to people and he paid the bills for plus he had some tigers at his las vegas house that cost like 3K a day a to feed and care for. He would go out to a club and spend 150K on booze for people he didn't even know. When you blow through money like that it's pretty easy to see how he could lose it all.
holy shit. I actually never knew that. The people that got their cell phone bills paid should help him out, since he is in a time of need.
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Old 06-29-2004, 01:59 AM   #15
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...CRAZY stuff
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Old 06-29-2004, 02:01 AM   #16
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Quote:
Originally posted by DarkJedi
How do you blow millions upon millions?

No one can be THAT stupid.
MC Hammer did it
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Old 06-29-2004, 02:02 AM   #17
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http://www.thesmokinggun.com/archive/mtysondiv1.html

damn
$45K for a motel bill
$1K for his Tiger insurance
$2.3K for lawn cutting
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Old 06-29-2004, 02:03 AM   #18
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It is not hard at all just ask Hammer.
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Old 06-29-2004, 03:00 AM   #19
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Geez! What a total waste. If he gets money, he should really have someone to limit his spending and take care of his money for him.
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Old 06-29-2004, 03:42 AM   #20
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Didn't he bite the ear off of his land-lord?
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Old 06-29-2004, 03:53 AM   #21
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Quote:
Originally posted by Madd
yeah hes blew over 300$ million dollars. he has like 7 fights scheduled to try and pay his 20$+ million dollar debt
Bad management
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Old 06-29-2004, 04:22 AM   #22
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He 's planning on fighting at the K-1 tournament as well right?
That will get him a couple of $'s!

It's a shame to see such a great fighter go down like that!
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Old 06-29-2004, 05:14 AM   #23
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I didnt know he was ruining his life, but in this case he got what he deserved
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Old 06-29-2004, 05:35 AM   #24
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It's not too late for him to turn things around. George Foreman came back at the age of 38, transforming himself into the smiling older gentleman we now know and love. In his youth, though, he wasn't a sympathetic figure at all. Tyson should reinvent himself in a similar fashion: fight a tomato can every month, smile to the camera, pretend to be a good guy, etc.
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Old 06-29-2004, 05:38 AM   #25
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mike tyson we love you
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Old 06-29-2004, 05:39 AM   #26
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Those fuckers should stop wasting their money so quickly. They really don't have a clue what to do with it.
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Old 06-29-2004, 06:19 AM   #27
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Quote:
Originally posted by riosluts
http://www.thesmokinggun.com/archive/mtysondiv1.html

damn
$45K for a motel bill
$1K for his Tiger insurance
$2.3K for lawn cutting

heh I love the tiger insurance
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Old 06-29-2004, 08:30 AM   #28
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That's pretty bad news.
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Old 06-29-2004, 09:07 AM   #29
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Quote:
Originally posted by DarkJedi
from imdb:




How do you blow millions upon millions?

No one can be THAT stupid.
Stock market
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Old 06-29-2004, 09:16 AM   #30
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If you have 150 mil, why bother with stocks? Put it in the bank at 4% and try to live on a paltry 6 million a year.
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Old 06-29-2004, 09:21 AM   #31
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its all a conspiracy
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Old 06-29-2004, 09:40 AM   #32
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It's not too late for him to turn things around. George Foreman came back at the age of 38, transforming himself into the smiling older gentleman we now know and love. In his youth, though, he wasn't a sympathetic figure at all. Tyson should reinvent himself in a similar fashion: fight a tomato can every month, smile to the camera, pretend to be a good guy, etc.
he will have to blow more on tatoo removal first
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Old 06-29-2004, 09:42 AM   #33
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well, look at mc hammer, he made 10 million dollars in ONE year!!!. (he spent 11 though)
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Old 06-29-2004, 09:52 AM   #34
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I wouldn't know what to do with the interest from all that money
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Old 06-29-2004, 09:53 AM   #35
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actually ... yeah I would
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