How much will Mike Tyson and Jake Paul be paid for their fight, and what prize money will the winner earn?

Jake Paul, a former child star and social media influencer who started boxing professionally in 2020, will slug it out with former heavyweight champion Mike Tyson on Friday in a matchup that will be livestreamed worldwide on Netflix.Here's what we know about how much Paul and Tyson are being paid, along with other financial aspects of an event that many consider more spectacle than sport.How much is Mike Tyson getting paid for the fight?Regarded as one of the greatest boxers of all time, 58-year-old Mike Tyson has an estimated net worth of $10 million, according to Celebrity Net Worth.That is a modest sum compared with the hundreds of millions of dollars "Iron Mike," as he is known, accumulated in career earnings, including $400 million in fight purses, according to Forbes.

Over the last decade, Tyson has also fought his way back after filing for bankruptcy in 2013 at the age of 37.  Though promotors have not revealed exactly how much Tyson will earn Friday's fight, reports from online sources, including DraftKings Network, estimate he'll make around $20 million. Jake Paul vs.Mike Tyson: Everything you need to know Mike Tyson says he's "scared to death" of upcoming Jake Paul fightJake Paul, 27, to fight 57-year-old Mike Tyson live on Netflix: "Time to put Iron Mike to sleep"That's about the same dollar amount Tyson earned in his match against Michael Spinks in 1988, a record purse at the time (worth roughly $53 million today adjusting for inflation).

That bout lasted less than two minutes, with Tyson knocking out the previously undefeated Spinks in 91 seconds.  In 1992, Tyson was sent to prison for six years after being convicted of raping a teenage beauty contestant.He was released on parole after three and a half years, returning to boxing in 1995 in a match against Peter McNeely, who was dispatched by technical knockout in under 90 seconds.Tyson would go on to earn $30 million for each of his next four matches, which included an infamous ...

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Publisher: CBS News

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