Tyson finalizes divorce, could pay ex $9 million
Jet, Feb 3, 2003
Don't look for Mike Tyson to retire from the boxing ring any time soon.
Tyson and his second wife, Monica Turner, recently finalized their divorce with Tyson agreeing to pay her $6.5 million from future earnings.
The former heavyweight champion must pay Turner a percentage of his future purses on top of an undisclosed sum he already has given her, according to Turner's attorney, Sanford Ain. If Tyson fails to pay on time, he's ordered to pay $9 million.
Tyson, who earned about $20 million from a Memphis bout last year, where he was knocked out by heavyweight champion Lennox Lewis (JET, June 24, 2002), did not pay $4 million of the first $5 million that was owed by July 31.
More Articles of Interest
Turner, a pediatric resident at Georgetown University Medical Center in Washington, was awarded the couple's $4.75 million mansion in Farmington, CT, and the $4 million Potomac, MD, house where she lives. Turner also gets custody of their two children.
Tyson keeps his home in Las Vegas.
The deal ends a yearlong dispute between the estranged couple. Turner, who accused Tyson of adultery, filed for divorce last January. The two met while he was serving a rape sentence in an Indiana prison. They were married in April 1997 in Bethesda, MD.
Tyson's first wife was actress Robin Givens. That yearlong marriage ended in divorce in 1989.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Reference Articles
- A Maryland state trooper gave Erik Bonstrom an $80 ticket for driving too slowly
- In California, postal worker Dean Hudson has been found guilty
- Alec Loorz, the 15-year-old founder of Kids vs. Global Warming and recent Brower Youth Award recipient, went to Congress in November for a press conference with Senators Barbara Boxer and John Kerry, who are championing legislation to stabilize US greenho
- Foreign exchange
- The buzz on bees
Most Recent Reference Publications
Most Popular Reference Articles
- Credit card debt on college campuses: causes, consequences, and solutions
- 9 questions to ask your new lover: what you were afraid to ask, but always wanted to know
- A world without nuclear weapons?
- How Tyler Perry rose from homelessness to a $5 million mansion
- Rejoice anyway - Zephaniah 3:14-20, Philippians 4:4-7 - Living by the Word - Column


