Tyson Fury and wife Paris with their family (Image: INSTAGRAM/PARIS FURY)

Tyson Fury's net worth, 'split' from wife and family life with seven children after retirement bombshell

by · Birmingham Live

Tyson Fury, the two-time world champion who has made a fortune in the ring, has announced his retirement from boxing. The Morecambe-based heavyweight was expected to face fellow British heavyweight Anthony Joshua in 2025, but it seems that bout is now history.

This surprising news follows Fury's recent loss to heavyweight champion Oleksandr Usyk in December, his second defeat by the Ukrainian. Fury disclosed his decision to retire in a brief video on social media.

Despite losing the rematch, Fury shared a staggering £150m purse with Usyk, significantly increasing his net worth, although he missed out on an additional £30m. Usyk defeated Fury in a unanimous points decision, all three judges scoring the contest 116-112 to allow 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 the 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 pocketed £79m from his first bout against Usyk, and his net worth was pegged at around £41m before their initial face-off in May. The duo were set to split approximately £150m from this fight, meaning they would each bag around £75m regardless of the result, reports Chronicle Live.

Fury was tipped to earn an estimated £60m for the fight, but tax complications meant he would forfeit about half of this money simply by exiting the country. According to Celebrity Net Worth, Fury was valued at an estimated £111m before the fight, and his earnings will only bolster this wealth further.

Since Fury's defeat, data analysis from JeffBet has worked out that nearly £30m of his prize money will be snapped up by tax authorities due to UK income tax and national insurance contributions when he returns to his homeland, reports the Mirror. It is projected that around 47% of Fury's winnings will go to HMRC, with £28m for income tax and £1.2m for national insurance.

A spokesperson for JeffBet pointed out that as a UK resident, Fury is obliged to pay tax on his overseas earnings, and it's probable 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. However, Fury has already stated that he won't leave any of his fortune to his kids.

The "Gypsy King" spent a solid three months away from his wife Paris and their kids in preparation for the Usyk bout. He shared that this separation was a mutual decision to help him concentrate on the upcoming fight. This isn't the first time the couple has experienced a temporary 'split'. Before tying the knot, Paris once called off their wedding due to Tyson's behaviour.

After not making it to the 2008 Beijing Olympics, Fury nonchalantly informed her of moving their wedding date forward. In her memoir 'Love and Fury', Paris recounts: "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 continued, detailing the strife that followed: "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 but when I dropped the big bombshell, then he realised I was deadly serious."

Overcoming personal struggles, Tyson and Paris Fury stuck to their planned wedding date, exchanging vows in Doncaster in front of 300 friends and family. At the tender ages of 19 and 20 respectively, the couple began their life together.

Since then, they have had seven children and found fame with their Netflix series 'At Home with the Furys. ' All of Tyson's sons bear the title 'Prince' as a first name. The heavyweight champion explained his choice, saying: "I'm a king and they're princes until they earn their rightful name."

Despite his affection for his brood – Venezuela, Prince John James, Prince Tyson II, Valencia, Prince Adonis, Athena and Prince Rico Paris – Fury is adamant they should work for their fortune. "I want my kids to get their own money, do their own things and be their own people," he insisted.

For Fury, it's about instilling values of independence and hard work: "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."