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Got $5 Million? Mike Tyson’s Old Ferrari Up for Auction

Mike Tyson may be crying foul over Hulu airing a docuseries “Mike” about his life without, he said, giving him “a dollar.” But Tyson seems far from broke. He has an estimated net worth of $10 million, and at his peak, he was worth estimated $300-plus million. 

LOS ANGELES, CA – JUNE 16: Mike Tyson is seen arriving at ‘Jimmy Kimmel Live’ Show on June 16, 2022 in Los Angeles, California. (Photo by JOCE/Bauer-Griffin/GC Images)

In 2003, despite his massive fortune and being one of the highest-paid athletes in the world in the 1980s and 1990s, he filed for bankruptcy. Tyson reportedly earned more than $700 million from his boxing bouts.

“I had everything and [then he was] $60 million in debt,” Tyson said back in 2020.

And with his fortune, he liked to splurge on things like an ultra-rare Ferrari.

Under the Hood

Though he no longer owns it, the Ferrari F50 is going up for auction by Pebble Beach Auctions in California. The collector’s car is expected to fetch between $4.5 million and $5 million.

The Ferrari Classiche Certified is one of only 55 U.S.-specification examples and 349 F50s built in total. It has about approximately 6,200 miles on it. Its 4.7-liter 12–cylinder engine produces 513 horsepower at 8,500 rpm, and can go from 0 to 60 mph in 3.6 seconds with a top speed of 202 mph.

Production of the vehicle was completed in 1996 and delivered from Ferrari North America to Beverly Hills Sports Cars, Ferrari expert and historian Marcel Massini told Insider. Tyson acquired the car soon after that same year. Three years later,Tyson, who in 1986 at age 20 became the youngest heavyweight in boxing history to win a championship, sold it back to its original owner. It has since passed hands seven times. The current owner bought it in 2018.  

Mike’s Car Collection

The Ferrari F50 wasn’t the only car in Tyson’s garage, including Bentley in 2000.

He has also owned at one point or another, according to 21 Motoring, a Cadillac Eldorado, priced at $31,286; a $150,000 Rolls-Royce Silver Spur; Mercedes-Benz SL-Class 560SL, $30,000; Ferrari 456-GT Spyder, $232,170; and a Lamborghini Diablo VT Roadster, $245,597.

For his 21st birthday, he treated himself to a Silver Spur Rolls-Royce. And in 1987, after he took the IBF belt In 1987 he rewarded himself with a Rolls-Royce Corniche. In 1998, he ought his first Lambo. The $500,000 Lamborghini was the Super Diablo Twin Turbo, and was one of only seven built.

Due to legal problems and his bankruptcy, most of these cars were sold off at car auctions. No word on what’s parked in 56-year-old ex-Champ’s garage today.

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