Tyson Fury's incredible net worth and family life after boxing retirement

Tyson Fury, the two-time world champion known for his participation in some of the most significant boxing matches over the past decade, has declared his retirement from the sport. The heavyweight from Morecambe was anticipated to face fellow British heavyweight Anthony Joshua in 2025, but it appears this fight will no longer occur.

This surprising announcement comes after Fury's recent defeat to heavyweight champion Oleksandr Usyk in December, marking the second time he has been bested by the Ukrainian. Fury revealed his decision to retire in a short video on social media.

Despite losing the rematch, Fury and Usyk shared an impressive £150million, significantly boosting Fury's net worth, even though he missed out on an additional £30m due to the loss. Usyk defeated Fury in a unanimous decision, with all three judges scoring the match 116-112, allowing the Ukrainian to retain his WBA Super heavyweight, WBC and WBO heavyweight titles.

The 37 year old initially triumphed over the Gypsy King in a split decision in May, leading to a rematch just before Christmas in Saudi Arabia. Despite Fury's strong start in the first half of the fight, Usyk fought back and dominated the remainder of the bout, defeating the 36 year old British fighter.

Fury had previously earned £79m from his first fight against Usyk, with his net worth estimated at £41m before their initial bout in May. The pair were set to divide a staggering £150m from this match, ensuring each would receive around £75m regardless of the outcome, according to Chronicle Live, reports Teesside Live.

Fury was expected to earn an estimated £60m for the fight, but tax issues meant he would lose about half of this amount simply by leaving the country. Celebrity Net Worth estimated Fury's wealth at around £111m before the fight, and his earnings will only increase this further.

Following Fury's defeat, data analysis from JeffBet suggests that nearly £30m of his prize money will be taken by tax authorities due to UK income tax and national insurance contributions when he returns to the UK, as reported by the Mirror. It is estimated that roughly 47% of Fury's winnings will go to HMRC, with £28m for income tax and £1.2m for national insurance.

A spokesperson for JeffBet noted that as a UK resident, Fury is required to pay tax on his overseas earnings, and it's likely that his team has sought tax advice to minimise his liability. Fury's retirement announcement means he will have more time to spend with his wife Paris and their seven children.

Fury has previously declared that he won't leave any of his fortune to his children, but it's his relationship with wife Paris that has recently made headlines. The Gypsy King, Tyson Fury, endured a lengthy three-month separation from Paris and their kids while preparing for the Usyk fight, a decision they had both consented to in order to allow Fury to focus on training.

Splitting temporarily isn’t new for the couple; even before marriage, Paris once halted their wedding plans due to Fury’s self-centred actions. Following his failure to qualify for the 2008 Beijing Olympics, Tyson casually proposed bringing forward their wedding date without considering the detailed planning involved.

In her book "Love and Fury", Paris reveals: "My fiance clearly didn't understand the amount of planning and organisation that went into a wedding. I was beginning to realise how incredibly impulsive he was, the sort of person who lived life in the moment and liked to make decisions on the hoof. In Tyson's world, our big day could be rescheduled on a whim, just like one of his boxing matches. I was having none of it, though, and refused point blank to change the date."

She goes on to discuss further challenges they faced: "It was one conflict after another and after an ugly slanging match with him outside Mam's house, I decided to call time on the wedding and our relationship. He thought I was joking and when I dropped the big bombshell, then he realised I was deadly serious."

Amidst challenges, the couple stood firm and kept to their planned wedding date. They tied the knot in Doncaster with 300 guests in attendance; Paris was 19 at the time, Tyson only 20.

Since then, they have welcomed seven children, and as a family, they've gained popularity on the hit Netflix series 'At Home with the Furys'. All of Tyson's sons are named 'Prince', and when asked about it, the heavyweight champion said: "I'm a king and they're princes until they earn their rightful name."

Despite his deep affection for fatherhood, Tyson Fury insists that his children—Venezuela, Prince John James, Prince Tyson II, Valencia, Prince Adonis, Athena, and Prince Rico Paris—will not inherit his wealth. He believes it is crucial for them to work hard and forge their own paths.

"I want my kids to get their own money, do their own things and be their own people," he expressed. "I don't believe in just giving all your money to your kids but it will make them weak, spoiled and not value anything, worthless. They'll end up getting to 35 and never having done anything for themselves, apart from spending dad's money."