|Don King's Net Worth (2022)||$150 million|
|Age (2022)||89 Years (August 20th, 1931)|
|Height||6 ft 1 in (1.87m)|
|Residence ||Cleveland, United States.|
|Sources of Wealth||Boxing Promoter and Actor|
|Prominent Clients||Mike Tyson, Muhammed Ali, and Roy Jones Jr.|
|Promotion||Don King Promotions|
Check out all the details of Donald King's Net Worth below.
Born in Cleveland, Ohio, Donald King, popularly known as Don King is a former boxing promoter. For a couple of decades, Don King’s name was synonymous with boxing. After graduating from high school, he went to Kent State.
King found himself engaging in illegal sports activities by running an illegal bookmaking operation out of his basement. He was also imprisoned for murder, however, received a full pardon soon. Upon release, he started to engage in boxing promotion.
Muhammad Ali was the first of King’s prominent clients to sue him. In 1982, when Ali was in compromising health, he filed a lawsuit against King. King knew the situation of Ali, who was in the hospital at that time. He sent the boxer $50,000 in cash and a letter that Ali had to sign that would end the lawsuit and gave King the right to promote any of Ali’s future fights.
His image is controversial for being charged for multiple murders and most of his clients filed a lawsuit against him for defrauding them of millions of money.
What is Don King's Net Worth in 2022?
According to Celebrity net worth, Don King’s net worth is estimated to be $150 Million. The net worth suggests that he is one of the most successful promoters in combat sports. The controversial promoter has managed some of the best names in the sport of boxing.
Likes of Muhammed Ali, George Foreman, Joe Frazier, Mike Tyson, Roy Jones Jr., and many
others have done business with King. King also promoted the famous and illustrious fight in boxing’s history the “Rumble in the Jungle” and the “Thrilla in Manila”
He has appeared in various movies like “The Last Fight”, “Head Office”, “The Devil's Advocate” and many more.
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Mike Tyson's Lawsuit Against Don King
Don King’s most-talked-about incident is with Mike Tyson. In 1998, Mike Tyson sued King for $100 Million, alleging that the promoters had defrauded him of that money over the decades. The lawsuit said -
"Tyson was a young professional fighter without any formal education, and King was an experienced boxing promoter and manager with a veritable army of professional advisers."
"King knew that Tyson had a fundamental inability to read and understand contracts and fully appreciate the effect of business transactions on his life,"
In 2004, the suit was solved externally with King paying Tyson $14 million. However, the money didn’t help Tyson’s financial situation as it went to the creditors he owed and his ex-wife, Monica Turner. Tyson’s manager Shelly Finkel said Tyson wanted to put the matters behind him and wanted to be a champion again.
However, in 2021 an image of Don King and Mike Tyson surfaced on the internet. It seems that the two have buried the hatchet as they were having dinner at a restaurant in Florida.
Credits: Kevin Lole Twitter
What is Don King doing now?
It is fair to say the 89-year-old is retired. However, King hasn’t said those words yet. While he hasn’t promoted a fight for a while, in an interview with New York Times, he laid out the reasons for his activity -
“These guys are not dedicated and committed to the sport like the older guys were. They all want to read the headlines, and when you go out and extol them virtuously and say things about them, they believe the things to the extent they don’t have to do nothing. They believe it’s going to be like osmosis; it’s going to fall from the sky.”
It has been reported that King’s health condition particularly declined after his wife passed away in 2010.
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FAQs on Don King
Q. Who is Don King's wife?
Henrietta King, the wife of famed boxer Don King. She died at the age of 87.
Q. How much money did Don King take from Tyson?
Mike Tyson has reached a settlement with the promoter Don King and has agreed to drop his $100 million suits against King in exchange for a $14 million payment.
Q. Is Don King still rich?
According to celebrity net worth, Don King's net worth is roughly $150 million.
*Last Updated: 6th January 2022