NEW DELHI: Jake Paul, who transitioned from being a child actor and social media personality to professional boxing in 2020, is scheduled to face former heavyweight champion Mike Tyson in a highly anticipated match on Friday. The event will be broadcast globally on Netflix’s streaming platform.
The following details outline the financial arrangements and compensation for both fighters in what some observers consider more entertainment than traditional boxing.
How much is Mike Tyson getting paid?
Mike Tyson, the 58-year-old boxing legend with an estimated net worth of $10 million according to Celebrity Net Worth, is anticipated to receive approximately $20 million for the upcoming match.
This amount mirrors his earnings from the historic Michael Spinks fight in 1988, which was a record purse at that time (equivalent to approximately £53 million in today’s value). That memorable contest concluded in just 91 seconds when Tyson defeated the previously unbeaten Spinks.
Despite amassing roughly $400 million in career fight earnings as reported by Forbes, “Iron Mike” experienced financial difficulties, leading to bankruptcy in 2013 at age 37. However, he has successfully rebuilt his financial standing over the past decade.
How much is Jake Paul getting paid?
Jake Paul, aged 27, is expected to receive £40 million for the match, according to DraftKings Network and other sources, which is twice Tyson’s projected earnings.
This larger sum likely reflects Paul’s dual role as both fighter and co-founder of Most Valuable Promotions (MVP), the organisation coordinating the event with Netflix.
Paul, who commands a significant social media presence with 27 million Instagram followers, currently has an estimated net worth of $80 million, as reported by Celebrity Net Worth.