Tyson was soundly beaten in the highly-anticipated fight

One of the biggest sporting events of 2024 involved Mike Tyson, making his return to professional boxing after 19 years to fight former YouTube star Jake Paul. Despite the 31-year age gape between the two combatants — and despite a Tyson medical emergency nearly stopping the fight from happening — Iron Mike and the Problem Child drew 70,000 spectators to AT&T Stadium in Arlington, Texas, where they dropped the gloves on Nov. 15.

Although Tyson started brightly against the 27-year-old Paul, the former heavyweight champion landed only 97 punches across eight two-minute rounds and looked all of his 58 years as Paul ran out a unanimous winner. However, Tyson left the ring with his head held high — and his life changed forever. 

Tyson spends $13 million

For the pleasure of losing to Paul, Tyson received a $20 million purse — and Iron Mike has since spent the lion’s share of that total on something very valuable, that he hopes outlives him: land.

Tyson has just closed on the purchase of a $13 million property located in Delray Beach, Florida. He has purchased 2.7 acres of land in the name of his wife, Lakiha, and the land is part of an exclusive estate called Tierra Del Rey.

“The Tyson family has been a valued client and friend for many years and it’s been a pleasure working with them,” family representative Joseph Schneider said following the purchase.

Although Tyson has teased more fights in the future and has entered a collaborative deal with streaming giant Netflix following the success of the Paul bout, it does seem as if the Florida land purchase is a signal that Iron Mike is planning to settle down and enjoy his return to relevance in America’s sporting consciousness. And even in defeat, Tyson in November was in a reflective mood — perhaps knowing that a significant purchase was on the horizon.

“This is one of those situations when you lost but still won. I’m grateful for last night,” Tyson said on Nov. 16.