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Tyson’s Cash Left Is $5,553

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From Bloomberg News

Former heavyweight boxing champion Mike Tyson, who earned more than $200 million during his approximately 20-year professional career, had $5,553 left in cash as of Dec. 31, according to papers filed with the U.S. Bankruptcy Court in New York.

Tyson, who filed for Chapter 11 bankruptcy protection in August, also had $174,000 in property and equipment and more than $10.2 million in liabilities at the end of December, according to the court documents.

Tyson reported earning $720,018 and spending $85.50 in December and earning $5.68 and spending $22,000 in November.

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Tyson hasn’t fought since knocking out Clifford Etienne in 49 seconds in February 2003, earning $5 million for that fight. He has a 50-4-2 career record and became the youngest heavyweight champion when he beat Trevor Berbick in 1986 at age 20.

He lost his undisputed title to James “Buster” Douglas in 1990 and spent three years in prison after a 1992 rape conviction.

Tyson regained the World Boxing Council and World Boxing Assn. titles in 1996 with victories over Frank Bruno and Bruce Seldon. He lost the WBA title in 1996 to Evander Holyfield and lost their rematch the next year when he was disqualified for biting Holyfield’s ear.

An advisor to Tyson said the boxer may fight in May or June in an effort to pull himself out of debt, the New York Daily News reported.

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