Tyson Fury, the renowned two-time world champion, has stunned the boxing world with his decision to retire from the sport after his recent defeat to Oleksandr Usyk. The heavyweight fighter from Morecambe was slated to face off against fellow British heavyweight Anthony Joshua in 2025, but this highly anticipated match will no longer take place. Fury’s retirement announcement comes on the heels of his loss to heavyweight champion Usyk in December, marking the second time he has been defeated by the Ukrainian fighter. Despite his defeat, Fury is expected to have earned a massive £150 million from the bout, significantly boosting his net worth, although missing out on an additional £30 million due to the loss.
The 37-year-old Fury initially triumphed over Usyk in a split decision back in May, leading to a rematch just before Christmas in Saudi Arabia. In the rematch, Usyk emerged victorious in a unanimous decision, retaining his WBA Super heavyweight, WBC, and WBO heavyweight titles. Fury, who had earned £79 million from the initial bout with Usyk, saw his net worth estimated at around £41 million before their first encounter in May. The pair was set to share a staggering £150 million prize purse for the rematch, with each fighter expected to earn approximately £75 million regardless of the outcome.
Following Fury’s defeat, it is projected that nearly £30 million of his winnings will be claimed by tax authorities due to UK income tax and national insurance contributions upon his return home. Approximately 47% of Fury’s prize money is expected to go to HMRC, with £28 million for income tax and £1.2 million for national insurance. Despite the substantial tax bill, Fury’s earnings will contribute to his estimated net worth of £111 million as reported by Celebrity Net Worth before the fight.
With his retirement announcement, Fury now has more time to spend with his wife Paris and their seven children. Despite his wealth, Fury has made it clear that he does not intend to pass on his riches to his children. The couple, who have faced challenges in their relationship in the past, including temporary separations, maintain a strong family bond. Their family life, which includes seven children named after royalty, has been featured on the Netflix show ‘At Home with the Furys’, capturing public interest in their domestic dynamics.
While Fury values hard work and self-sufficiency, he emphasises the importance of his children earning their own money and forging their respective paths in life. The boxing champion’s stance on wealth inheritance reflects his belief that handing down riches to his children may make them complacent and lacking in self-reliance. Despite his professional successes and financial wealth, Fury remains steadfast in his commitment to ensuring his children grow up with a strong work ethic and independence.
In a display of determination and resilience, Fury’s journey in the boxing world has been defined by both triumphs and setbacks. His decision to retire marks a new chapter in his life, offering him the opportunity to focus on his family and future endeavours beyond the realm of boxing. As Fury bids farewell to the sport that propelled him to fame and fortune, he leaves behind a legacy of perseverance and dedication that will be remembered by fans and followers worldwide.