Tyson Fury's staggering net worth, seven children and wife Paris' 'bombshell'

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

This surprising announcement comes on the heels of 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 via a short video on social media.

Despite the loss in the rematch, both Fury and Usyk pocketed a staggering £150million, significantly boosting Fury's net worth, even though he missed out on an extra £30m due to the defeat. Usyk emerged victorious over Fury in a unanimous decision, with all three judges scoring the match 116-112, enabling the Ukrainian to hold onto his WBA Super heavyweight, WBC and WBO heavyweight titles.

The 37-year-old initially secured victory 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 rallied and dominated the remainder of the bout, defeating the 36-year-old British fighter.

Fury had previously earned a cool £79m from his initial bout with Usyk, with his net worth estimated at around £41m before their first face-off in May. The pair were set to share an eye-watering £150m purse for this fight, guaranteeing each fighter approximately £75m regardless of the outcome, reports Teesside Live.

Fury was expected to pocket around £60m for the fight, but tax complications 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 add to this sum.

Following Fury's defeat, data analysis from JeffBet suggests that nearly £30m of his prize money will be claimed by tax authorities due to UK income tax and national insurance contributions upon his return home, 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.

With Fury's announcement of retirement, he will now have more time to spend with his wife Paris and their seven children.

Fury has made it clear that he does not intend to leave his wealth to his children. The boxing champion, also known as the Gypsy King, spent a considerable three months apart from his wife Paris and their kids while preparing for the fight against Usyk.

He revealed that this separation was mutually agreed upon with Paris to ensure his focus was solely on the upcoming match.

The couple are no stranger to temporary separations; even before they were married, Paris had once called off their engagement due to what she saw as Fury's self-centred actions.

Following Tyson's failure to make it into the 2008 Beijing Olympics, he casually suggested bringing their wedding date forward, showing little regard for the planning involved.

In her book "Love and Fury", Paris writes: "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 describe the rocky road they've travelled: "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 various challenges, the devoted couple steadfastly stuck to their initial wedding plans. The ceremony took place in Doncaster, where they were greeted with applause by 300 guests; at that time, Paris was 19 and Tyson only 20.

From those beginnings, their family has grown with the addition of seven children, and their domestic life has captured public attention through the successful Netflix show 'At Home with the Furys'. All of Fury's sons carry the distinguished name 'Prince', a decision the boxing champion explained by saying: "I'm a king and they're princes until they earn their rightful name."

Yet, despite his deep affection for his family, Fury is resolute that his children Venezuela, Prince John James, Prince Tyson II, Valencia, Prince Adonis, Athena, and Prince Rico Parisare not destined to inherit his wealth.

Fury insists on the importance of his children forging their own paths and working hard for what they gain in life. He expressed: "I want my kids to get their own money, do their own things and be their own people."

He elaborated on his philosophy: "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."