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Tyson Fury is set to donate his £8million purse from his fight against Deontay Wilder to helping the homeless and needy.

The Gypsy King is expected to pocket the seven-figure sum after the bout ended in a draw.

But assuming he is good to his word, he will hand the entire amount to those less fortunate.

Speaking before the blockbuster fight at Los Angeles' Staples Center, he said: "I'm going to give it to the poor and I'm going to build homes for the homeless.

"I don't really have much use for it, I'm not interested in becoming a millionaire or a billionaire.

"I'm a boxer not a businessman and ill probably go down the same route as every other boxer - skint at the end of it all.

"You can't take it with you so I might as well do something with it and help out people who can't help themselves."

(Image: PA Wire/PA Images)

Having battled drink and drug addiction as well as mental health issues, Fury is keen to help vulnerable people and those living on the margins of society.

He said: "When I go home I'm going to build some homes for the homeless and set up some funds for drug addicts and alcoholics.

"I was always going to do it but being here (in California) gives me that extra push to go and do it even more.

(Image: PA)

"It has really opened my eyes to a lot of things and I’m leaving as a better person.

"There are a lot of homeless people on the streets here, more than I’ve ever seen ever in my life. I’m staying in downtown LA but if you go five minutes down the road there’s like – I don’t know – thousands of homeless people.

"I’m just an outsider with an opinion but it’s a situation that is happening all over the world, especially in the UK as well."

(Image: PA)

Fury, 30, is married to long-term partner Paris. They have four children - Valencia Amber, Prince John James, Venezuela and Prince Tyson Fury II - and another on the way.

He also explained why he would not be spending the money on his nearest and dearest.

He added: "I believe all kids should make their own money in life because if they don't, they won't appreciate it.

"It's easy to spend someone else's money and the money I've earned is practically blood money.

"My kids have to make their own living and make their own way in life; they won't be living off my name or reputation because that's too easy a route.

"You see many of these rich people's kids doing nothing because they had it too easy.

"I never had it easy, I had to work for whatever I got. I was working from very young, everything I wanted in life I had to work for."

Wilder retained the world heavyweight title after he took one card 115-111, with another going to Fury 114-112, and the third 113-113.

Fury has previously told how he does not box for money, but for the love of the sport.

In February 2018, he said: "To be honest, I’m skint. I don’t have any money in the bank. I’m on the dole.

"I’m on Jobseeker’s Allowance at the moment. I’m not winding you up – I’m being truthful. Seriously, I didn’t make any money out of boxing at all. Don’t feel sorry for me – it’s not a bad thing.

"I give my promotional team half of the money and I donate the other half to charity or give it to people in need because I don’t think people should make money out of punching other people in the face. I fight because I love to fight.

"I’ll continue boxing until I’m 50 – until I can’t box any more.

"I help a lot of people with my money from boxing. I create homes, take homeless people off the streets, I give it to children’s charities. You can’t take money with you."