Jake Paul, a former child star and social media influencer who began his professional boxing career in 2020, on Saturday secured a victory against former heavyweight champion Mike Tyson in a boxing bout.
The fight was livestreamed worldwide on Netflix, and Paul won by unanimous decision.
While the outcome surprised some, the financial stakes were just as intense as the match itself, with both fighters set to earn huge sums for their efforts.
How much is Mike Tyson being paid for the fight?
Mike Tyson, widely regarded as one of the greatest boxers in history, is 58 years old and has an estimated net worth of $10 million, according to Celebrity Net Worth.
While this figure is modest compared to the hundreds of millions Tyson earned during his career, including $400 million in fight purses according to Forbes, he’s also made a remarkable comeback after declaring bankruptcy in 2013 at age 37.
Although promoters did not disclose Tyson’s exact earnings from the fight, reports from sources like DraftKings Network estimate he will earn around $20 million.
This figure is comparable to the amount Tyson earned for his 1988 match against Michael Spinks, which had a record purse at the time (worth approximately $53 million today when adjusted for inflation). That fight ended in just 91 seconds, with Tyson knocking out the previously undefeated Spinks.
How much is Jake Paul being paid for the fight?
Jake Paul, 27, is expected to earn approximately $40 million, according to estimates from DraftKings Network and other sources. This is double the amount Tyson is projected to make. One reason for this disparity may be Paul’s status as a top social media influencer, with 27 million followers on Instagram alone. Additionally, Paul is the co-founder of Most Valuable Promotions (MVP), the company promoting the fight in partnership with Netflix.
Paul’s net worth is estimated at $80 million, according to Celebrity Net Worth.