Boxing, however, is a free-for-all, and by comparison, $6 million for a title fight or whatever Holyfield and Trump are being paid for whatever Saturday night's event was is a veritable. The monthly electricity bill for the mansion is estimated at $17,000, while the cost of year-round upkeep is said to be in the neighborhood of $1 million. It was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. And he seems happy again. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. Even recouping proved to be a financial loss. Outkick is a company that produces videos. 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. 2023 CNBC LLC. Belfort was slated to fight De La Hoya at a catchweight of 190 pounds, so now he doesn't have to worry about cutting weight. "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. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. However, he lost all his money almost as quickly as he earned it. The mansion stands at 45,000 square feet and is situated on more than 235 acres. How did Evander Holyfield lose all his money? However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. Rodriguez said Holyfield was let down by the people around him during his fighting days. 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. MMA legend Vitor Belfort knocked out 58-year-old former heavyweight boxing champion Evander Holyfield in the main event and Anderson Silva continued to raise his stock on the boxing side of. Even if this bout proceeds as an official fight, Holyfield -- one month shy of his 59th birthday -- won't be the oldest boxer to partake in a professional fight. 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. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. Yes, Holyfield is 58. In total, Holyfield married three women and was divorced twice. "We have approved this as a full pro bout," the commission said. Full Spectrum Services LLP 2022 | All Rights Reserved. And he remained on the hook for that massive mortgage. During his career Holyfield earned an estimated $230 million in. "Man, they were stealing, just stealing, stealing.". TV News / Jon Galt. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. How Did Evander Holyfield Lose Over $200 Million of His - Sportscasting Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. B/R's combat sports team was in the house for "Triller . Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. His total earnings were pinned down by the Independent as around $513 million, with nearly half of that coming from endorsements and other earnings outside of the ring. Here's why men die younger than women and how to fix it, China's shrinking population: What it means for the global economy, Oil companies made $200 billion in profits in 2022. More so, he's still chasing a lucrative third fight with Tyson. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. Peek inside this epic slice of superstar real estate. Videos by OutKick. 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. He also had to pay massive penalties to the IRS over previous non-payment when his yearly earnings were still in the tens of millions. 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. What happened? In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. Other financial losses came from Evander Holyfield's home life. Vitor Belforts Professional Boxing Record: Has He Boxed Before? How Did the 1976 & 1984 USA Olympians Do As Pro's? According to BoxRec, he earned that with 44 wins across 57 fights, including 29 brutal K.O.s that helped made him a household name. (via @OmarESPN) pic.twitter.com/wlR89gCjJC, ESPN Ringside (@ESPNRingside) September 12, 2021. Holyfield took out a mortgage for $14 million on the home. 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. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. A post shared by Evander Holyfield (@evanderholyfield). Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. His then-18-year-old daughter sued him for $300,000 of it. His record: 15-40-3, 1 KO. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. The boxing career of Evander Holyfield has been marked by highs and lows. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . Holyfield's Heavyweight Manse Sells For Measly $5.8M One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. . Allan is a semi-professional In February 2009, Evander Holyfields 54,000 square-foot estate in Fayetteville, Georgia, was sold at auction for $7.5 million to a group of investors. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. All Rights Reserved. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. June 6, 2021, 5:50 pmupdated June 7, 2021, 6:18 am 2.6K. . Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. Fighters 154 pounds and above typically wear 10-ounce gloves. Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. Report: Rick Ross Buys Evander Holyfield's Mansion - realtor.com How did Evander Holyfield lose his house? - Sportskeeda It ended up going for half of what he bought it for. A dedicated pro wrestling follower for more than a decade who feels fortunate to express the love for the art through writing. His career took off after he won the IBF world title in 1996. Both fighters also weren't supposed to push for a knockout. These Sports Stars Blew Millions. You Won't Believe How 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. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . Holyfield, who retired from boxing in 2000, is now focused on his property and training business. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. "At least I'm fighting somebody that I know I can protect myself [against]. Evander Holyfield sold his 109-room Georgia mansion to Rick Ross for $5.7 million, which is the largest single-family home in Georgia and sits on 235 acres. Holyfield also went through three divorces. And he seems happy again. How did Evander Holyfield lose his house . All rights reserved. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. 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 . Evander Holyfield is one of those fighters. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. 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. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. Copyright 2008-2023 BroBible. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. Already a heavy hitter in the rap game, the hip-hop artist known as Rick Ross has apparently moved on up to the heavyweight class when it comes to mansions. Alejandro Avila By Ivan G. Goldman What are we to make of the news that financially besieged Evander Holyfield has been ejected from his 54,000-square-foot mega-mansion . The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. At his peak, Evander Holyfield had a reported net worth of $200 million. Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. Football, basketball, boxing, it didn't matter. Fans are concerned for Evander Holyfield, who seemed to struggle on the ads during the open workouts for the media. Today, his wealth is stabilized at around $500,000. The boxing career of Evander Holyfield was reborn after his release from prison. His total earnings were pinned down by the Independent as around $513 million, with nearly half of that coming from endorsements and other earnings outside of the ring. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. Rick Ross Pays for New $3.5 Million House in Cash - XXL - XXL Mag A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . Trump Talked as Holyfield Got Pummeled. Just Another Day in Boxing's Holyfield also committed to paying for his three childrens private educations as a personal commitment. Florida, on the other hand, saw no issue. He announced his retirement after the bout. foot guest house, a 12-stall barn, and a five-acre lake. Fighting Lopez creates a better opportunity for Taylor, but can he beat him? We want to hear from you. 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. Rick Ross Buys Insane 109-Room Mansion From Evander Holyfield, Boxing Legend, TV Judge Mills Lane Dead At 85, Former NFL Defensive End Greg Hardy Beats Hasim Rahman Jr. With Big Knockdown In Professional Boxing Match Without Training, Bare Knuckle Fighter Nathan Decastro Looks Like The Elephant Man After Bloody Hits To Left Eye, Jake Paul Offers Draymond Green $10 Million For Boxing Match. Vitor Belforts pressure proved to be too much for Evander Holyfield. 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. The opening bout of the pay-per-view bout is the lone fight that features two world-class boxers: a 130-pound fight between fringe contenders Andy Vences and Jono Carroll. His liabilities from his period bloomed into various directions as his creditors came knocking. Only he knows. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. He was a champion whose professional career endured from 1984 until his final fight against Sherman Williams in 2011, when Holyfield was 48 years old. Get the Daily OutKick and get smarter every day. The whole thing's about protection. After the former heavyweight champion had to sell his 45,000-square-foot mansion to a bank for $7.5 million, it went back on the market for $8. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. 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. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. "All I know is it's a fight and they got the rules. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. The home, which is located in the posh Buckhead neighborhood, is 16,000 square feet and features seven bedrooms, eight bathrooms, and a four-car garage. Holyfield has 11 children from five different mothers, according to the Independent. 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. Former heavyweight boxing champion Evander Holyfield lost all of his fortune but how did it all happen News How did Evander Holyfield lose all his money? The pay-per-view begins at 8 p.m. "If he had the right team behind him, he would have never lost his fortune.". A landscaping company sued him for $550,000 for unpaid services. Evander Holyfield was forced to sell his 109-room mansion to rapper Rick Ross (Image: Getty Images) The 109-room mansion in his hometown of Atlanta was labelled as a monument to his success, but was auctioned in 2008 with Ross acquiring it for 4.2million. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. But why fight at all if you're Holyfield? 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. 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. 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. 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. In comparison, it would cost Holyfield approximately $1 million per year to maintain its natural gasification system, with an electricity bill of around $16,000 per month. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. Then De La Hoya contracted COVID just days before his fight with Belfort, opening the door for Holyfield to step in, solving two issues at once. 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. Boxing pound-for-pound rankings: Bivol keeps winning and moving up; Haney earns top 10 spot, A megafight is set: Here's what's at stake when Gervonta Davis faces Ryan Garcia in April, Gervonta Davis' arrest history: Timeline of abuse and hit-and-run charges and denials, Oscar De La Hoya tested positive for COVID, Real or Not: Evander Holyfield shouldn't be in a ring; Jake Paul should face a real boxer next, De La Hoya tests positive; Belfort-Holyfield on tap, When Floyd Mayweather-Logan Paul met in an exhibition match in June. Got a confidential news tip? "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). Evander Holyfield is one of the greats of the boxing world. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. ", "It's kind of hard to turn down a big sum of something when you know you can do it. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. he failed to pay back more than a half . A Division of NBCUniversal. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. "As of now the fighters are comfortable with how it stands and we're going to revisit this over the next couple of days to decide. BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. Dan saying Holyfield earned 5-6 million dollars tonight. 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. However, it's not a foregone conclusion this will be an official bout. How much Ross, aka Ricky Rozay, paid for the property is unclear, property records do not indicate that the home found at 794 Evander Holyfield Hwy has changed hands. The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. The suit threatened Holyfield with jail time if he didn't pay up. By: Holly Aguirre. football player for Diego Juniors FC. After the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. I do what I have to do.". Women's boxing pound-for-pound rankings: Did Baumgardner do enough to overtake Serrano? I know all the things that's necessary to be safe. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. "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. 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. Get this delivered to your inbox, and more info about our products and services. First, an ongoing divorce settlement wrapped up after he bought his home. Round-by-Round coverage: How Tommy Fury vs. Jake Paul played out, Inside the creation of Jake Paul's 'Stardust Warriors' trunks, Women's boxing divisional rankings: Thorslund, Fundora solidify spots after dominant performances, Divisional rankings: Matias, Jack make big moves after impressive wins. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. That's what a tough chin and hard hands will get you. The true price was even higher, however. Basically, the boxer had more kids and ex-wives than he could reasonably afford. In 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. 3 Comments. Evander Holyfield VS Mike Tyson - "The Sound and the Fury" AKA "The Bite Fight" in 1997 This is the fight with the 4th highest payout of $35,000,000. READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. "When you don't have others looking out for you, everybody's taking something for themself. The Real Deal took home a bronze medal from the 1984 Olympic Games, won his first junior heavyweight title in '86, and became the undisputed cruiserweight champion in '88. How Rick Ross' $5.8 Million 'Coming to America' Mansion Is Paying For The Five Biggest Boxing Pay Days In History - Money Inc The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. 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. His total earnings were around half a million dollars, including brand deals. Lets go inside Rick Ross stunning home in New York. There is no reason why we cannot achieve this, according to 36-year-old Andy. Copyright 2023 Endgame360 Inc. All Rights Reserved. And keeping such a massive space with so many amenities had many extra costs. Evander Holyfield Apparently Made $5-6 Million For Getting - BroBible They did not release the earnings of these boxers to the public. "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. He lost the title to Mike Tyson in a second fight after winning it the first time. The property includes a 16,000-square-foot main house, a 12,000-square-foot guest house, a 12-stall barn, and a five-acre lake. After all, the perils of riches lay mostly in how they're spent. Money, of course. ET. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. Evander Holyfield Tossed out of His Private White House In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. 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.
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