It is reported that former heavyweight champ "Iron" Mike Tyson has progressed from rags to riches and back again over the span of his life.

Appearing recently on television, the boxing icon revealed that at the height of his career, his net worth was between $400 to $500 million.

However, after spending his riches on expensive jewelry, a fancy car collection - and going through a rather costly divorce - he filed for bankruptcy in 2003, indicating that he had debts that exceeded $23 million.

After leaving boxing, Tyson has turned his focus to media and entertainment to hopefully recapture his former riches.

Unfortunately, this is a classic example of someone who had everything except Peace of Mind.