Global Business and Financial News, Stock Quotes, and Market Data and Analysis. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Email: jorge@brobible.com. Oscar de la Hoya Sad Hospitalization Video Leaks. . Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. But today, he only holds a small fraction of his former net worth. Vitor Belforts Professional Boxing Record: Has He Boxed Before? 2.6K. football player for Diego Juniors FC. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. He recently fought Mike Tyson back in May 2021, and now the 58-year-old Holyfield will be returning to the ring once more to defy age and deliver more knockouts. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. The companys purchase of the property is a sign of its commitment to investing in distressed assets. IBA prez: Russia, Belarus boxers should compete, Benn: WBC done me a 'disservice' with egg ruling, WBO orders Crawford title defense vs. Rocha, Serrano injured; rematch with Taylor postponed, Fury wins split decision to hand Paul first loss, Davis-Garcia bout finalized, moved to April 22, Sources: Taylor, Lopez agree to June 10 title bout. "You are absolutely right," Holyfield said. Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. The fight will be contested over eight, two-minute rounds with 12-ounce gloves. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. he's bragging about making an outrageous amount of cash for the gig, and his deal has a . He bought a mansion with 109 rooms, complete with a 135-seat home theater, a bowling alley, and a dining room meant for over 100 people. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. Rumor has it that the larger-than-life hip-hop icon and MayBach Music founder has made a massive buy in Georgia, buying up a ridiculous 44,234-square-foot mansion built for and previously owned by boxing legend Evander Holyfield. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. But why fight at all if you're Holyfield? DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. Was it worth his pride? When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. Holyfield sold the mansion to a bank during a public auction for over $7 million, but the boxer had owed at least $14 million on the mortgage at one point, according to the Independent. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. But his enormous mansion turned out to be a much larger drain on his resources. In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. A landscaping company sued him for $550,000 for unpaid services. Get the Daily OutKick and get smarter every day. According to Bleacher Report, the exhibition fight has been postponed and no new date has been announced, though there are tentative plans for it to be mid-June. However, Holyfield-Belfort will be staged at the Hard Rock in Hollywood, Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic Commission refused to license the 58-year-old. A post shared by Evander Holyfield (@evanderholyfield). And with his kids happy, healthy, and doing well in school, Evander Holyfield couldnt be happier with where it all ended up. The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. Evander Holyfields amazing 109-room Georgia home he sold to Rick Ross for 4.7m boasts bowling alley, theatre and pool https://t.co/L1SPTwOPsO, According to the Daily Mail, the 38-year-old rapper purchased the home which Evander had to sell to a bank at a public auction as part of a foreclosure for $7.5 million in 2012.. The property is located in Atlanta, Georgia and priced at $5.8 million. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. Ward never competed anywhere near the top level, but there is Jack Johnson, the all-time great who became the first Black heavyweight champion in 1908. B/R's combat sports team was in the house for "Triller . From there, Holyfield would go on to hold the heavyweight world title four times, and, more notably, have a chunk of his ear bitten off live at MGM Grand Garden Arena by Mike Tyson in 1997. He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. All rights reserved. According to the index, any fighter who falls in one of those three categories needs further clinical evaluation by the commission and their medical advisory board before licensure. "If he had the right team behind him, he would have never lost his fortune.". The folks at Redfin have confirmed that rapper Rick Ross has purchased the monstrous former Fayetteville home of boxer Evander "Real Deal" Holyfield and that he got it for a relative steal . In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. In 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. All fighters over the age of 40 who apply for a license in Florida are subject to an eye exam, blood work, an MRI and EKG, per the commission. The mansion, which includes 12 bedrooms and 45,000 square feet, is located on 105 acres and has become a tourist attraction, according to Rozay. It was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. by At Evander Holyfield's absolute peak and accounting for spending, he was likely worth just over $200 million total at his peak according to Networth Buzz. On the boxer severity index, created by former Nevada commission chief executive director Dr. Flip Homansky -- and utilized by the Association of Boxing Commissions -- Holyfield registers a plus-4. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. The sport of boxing is one of the most lucrative in the world, with the ability to produce some of the best fighters of all time. Evander Holyfield is one of the greats of the boxing world. His third wife, Candi Calvana Smith, filed a restraining order against Holyfield in 2010 after he allegedly assaulted her in front of the children during a heated argument. His biggest fight, the infamous Holyfield vs. Tyson II, that spun out of control in a bizarre ear-biting finish by Mike Tyson, brought in just over $100 million by itself. Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. "If Holyfield doesn't want this to go on his BoxRec due to his age, we'll allow him to make the decision and still follow all the other rules," Triller co-founder Ryan Kavanaugh told ESPN. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . However, it's not a foregone conclusion this will be an official bout. Regardless of the overriding ethical questions at play, 58-year-old Evander Holyfield is still set to headline a boxing pay-per-view card on Saturday in the year 2021 against 44-year-old former . The sport of boxing is one of the most lucrative in the world, with the ability to produce some of the best fighters of all time. "He did not have a team to protect his money while he was making millions, and today there is no one in his corner to help him establish his blue-chip brand," Rodriguez told CNBC. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. TMZ.com. Roman Reigns & Usos Removed From Smackdown? The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. The full extent of Holyfield's financial woes were revealed on CNBC'sBack in the Game, where baseball legend and financial success Alex Rodriguez attempts to help former athletes fight out of money troubles. Smith received cash and property from the 2012 divorce, including child and spousal support. One of his six sons is Elijah Esaias Holyfield, a footballerrepresenting the Carolina Panthers in the NFL. Only he knows. Plus-3 to plus-4 is considered High Risk Category "C." Category "A" (+7-+9) and "B" (+5-+6) are for fighters who are considered to be an even greater risk. Mayweather's weight limit was 160 pounds; Paul's was 190. Vitor Belforts pressure proved to be too much for Evander Holyfield. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. The lawsuit was for a mix of back child support and unpaid maintenance. The 54,000 square-foot mansion is also the largest in Georgia. (via @OmarESPN) pic.twitter.com/wlR89gCjJC, ESPN Ringside (@ESPNRingside) September 12, 2021. I do what I have to do.". "Dealing with all the mothers of all my kids there ain't no winning here, man, no winning at all," Holyfield said in 2012 (found via the Independent). . His career took off after he won the IBF world title in 1996. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. Earlier this year, Holyfield signed a deal with Triller to meet Kevin McBride in an exhibition bout on June 5 on the undercard of Teofimo Lopez-George Kambosos. There is no reason why we cannot achieve this, according to 36-year-old Andy. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. Surely it wasn't, but it may have been a bit easier had the former champion not blown all his cash on mansions, cars, and gambling. At Evander Holyfields absolute peak and accounting for spending, he was likely worth just over $200 million total at his peak according to Networth Buzz. In July of 1988 . The new estate comes with a number of incredible specs, including: Maintenance doesnt come cheap, with a near $1 million spent every year just to keep the lights on. The whole thing's about protection. It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. Other failed business ventures includeda record label which cost Holyfield$3.1million, a restaurant business which cost over $10m and other products bearing his name including BBQ sauce, a kitchen grill and a fire extinguisher. The suit threatened Holyfield with jail time if he didn't pay up. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. Even though The Real Deal has been training for a comeback fight for quite some time, fighting Vitor Belfort will not be a simple task, even for prime Holyfield. "Man, they were stealing, just stealing, stealing.". He lost the title to Mike Tyson in a second fight after winning it the first time. He defaulted on his mortgage at exactly the wrong time. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. When Holyfield went broke in 2012, he owed about $500,000 in child support. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. After the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. Donald Trump is doing way more than calling a fight this weekend . At his peak, Evander Holyfield had a reported net worth of $200 million. . A dedicated pro wrestling follower for more than a decade who feels fortunate to express the love for the art through writing. When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. 3 Comments. Got a confidential news tip? Holyfield took the fight on short notice, as The Golden Boy Oscar De La Hoya tested positive for COVID-19 and had to pull out of the fight. When Floyd Mayweather-Logan Paul met in an exhibition match in June, a fight supervised by the FAC, there was no official winner and no judges. And keeping such a massive space with so many amenities had many extra costs. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. "I've had no money to pay lawyers and had to fight on my own in court and that ain't easy." The deal also required Holyfield to fund his sons future education by filling an account with $100,000. Alejandro Avila he failed to pay back more than a half . The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. In addition to sheer square footage, the hip-hop haven known as Villa Vittoriosa (meaning The Victory) weighs in with 109 rooms, 12 bedrooms, and 21 bathrooms. The $230m he earned over a. Rapper Rick Ross purchased the home in 2014. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. Brutally Kicked Out Of Bank, Joe Rogan Savagely Attacked By Sister In Video, Madonna Spotted With Famous Boxer Boyfriend, Tom Brady Direct Message To Jon Jones Leaks, Oscar de la Hoya Warns Jake Paul In Video, Broken Skull Sessions extra: McIntyre, Austin debate cats vs. dogs (Video), First look at new WWE Chronicle: Kevin Owens documentary (Video), Special look at Undertakers retirement at WWE Survivor Series (Video), Goldberg challenges Roman Reigns on WWEs The Bump: Youre Next!. He had to. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. Holyfield didn't . Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. It reports come after it was found that Oscar De La Hoya has tested positive for . His then-18-year-old daughter sued him for $300,000 of it. Evander Holyfield lost his $20 million mansion because he couldn't afford the upkeep Evander Holyfield spent a huge portion of his fortune building a mansion - only to be left with no. Peek inside this epic slice of superstar real estate. I know all the things that's necessary to be safe. Other financial losses came from Evander Holyfield's home life. Oscar de la Hoya Sad Hospitalization Video Leaks, Id like to announce that I will be making a comeback to the ring.I will be fighting in exhibition matches for a great cause.. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in. The true price was even higher, however. And he seems happy again. His liabilities from his period bloomed into various directions as his creditors came knocking. It remains to be seen how safe it is for a 58-year-old to compete. 2023 CNBC LLC. Fighting Lopez creates a better opportunity for Taylor, but can he beat him? Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. Football, basketball, boxing, it didn't matter. Evander Holyfield to pay $36,000 a year in child support By JOHN HOLLIS Former heavyweight boxing champion Evander Holyfield and the Clayton County woman with whom he fathered a child reached a financial agreement Wednesday afternoon. Here's a look back at the time Evander Holyfield lost his extravagant 109-bedroom house following a series of poor business decisions and investments. If the commission does not sanction the match, it is being reported that the event will still be held but itll be moved to Florida.