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 based in 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 split a staggering £150million, significantly boosting Fury’s net worth, even though he missed out on an additional £30m due to the loss. Usyk triumphed over 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 defeated 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 bout against Usyk, with his net worth estimated at £41m before their initial clash in May. The pair were set to share a staggering £150m from this fight, ensuring each would pocket 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 sum simply by leaving the country. Celebrity Net Worth estimated Fury’s wealth at £111m before the fight, and his earnings will only increase this fortune further.
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 to the UK. 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.
Tyson Fury, the heavyweight boxing champion known as the Gypsy King, has made it clear that he does not intend to leave his wealth to his children. In preparation for his fight against Usyk, Fury spent a considerable three months apart from his wife Paris and their kids, a decision mutually agreed upon to ensure his focus on the bout.
(Image: Instagram/parisfury1)
This separation is not new for the couple; before they were married, Paris had once cancelled their wedding due to Tyson’s seemingly self-centred actions. Following his failure to qualify for the 2008 Beijing Olympics, Tyson casually proposed moving their wedding date, which led to a significant disagreement.
In her book “Love and Fury”, Paris describes the incident: “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 also recounts the rocky moments in their relationship: “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.”
(Image: No credit)
Amid various difficulties, the smitten couple held fast to their set wedding date. They said “I do” in Doncaster amidst the cheers of 300 guests; Paris was but 19, and Tyson a year her senior.
Since those humble beginnings, they have become proud parents to seven children, and together they’ve gained stardom in the hit Netflix series ‘At Home with the Furys’. Each of Tyson’s sons is named ‘Prince’, and when asked about it, the boxing champ stated: “I’m a king and they’re princes until they earn their rightful name.”
What does the future hold for Tyson Fury (pictured) following his second defeat by Oleksandr Usyk?
(Image: PA Wire/PA Images)
Despite his deep commitment as a father, Tyson Fury has firmly asserted that his children – Venezuela, Prince John James, Prince Tyson II, Valencia, Prince Adonis, Athena, and Prince Rico Paris – will not be handed his wealth. He insists on the importance of them forging their own paths.
“I want my kids to get their own money, do their own things and be their own people,” he has said. His philosophy is clear: “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.”