In July of 1988 . 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. Lets dive into his earnings, his expenses, and his personal history to find out. 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. . Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. Allan is a semi-professional In a career spanning around 26 years, the former Cruiserweight and three-time heavyweight champion of the world amassed a lot of wealth through fight purses alone. "Man, they were stealing, just stealing, stealing.". His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. I do what I have to do.". In the famed ear-damaging fight against Tyson alone, Holyfield brought home a massive $35 million, according to Atlanta Magazine, which is several times more than most Americans will make in their lifetime. Oscar de la Hoya Sad Hospitalization Video Leaks. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. . For one, he's making multiple millions, sources told ESPN. 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. All rights reserved. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. So what does Holyfield say to those who say he shouldn't be fighting at 58? TMZ.com. Email: jorge@brobible.com. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. Evander Holyfield, a world boxing champion and the greatest boxer of all time, has sold a 109-room mansion to Dade Countys most famous rapper, Rick Ross. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. His liabilities from his period bloomed into various directions as his creditors came knocking. 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. Outkick is a company that produces videos. A Florida Athletic Commission spokesman told ESPN the commission "stands prepared to regulate the Evander Holyfield-Vitor Belfort bout as a sanctioned fight that would appear on both fighters' official boxing record. 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? Basically, the boxer had more kids and ex-wives than he could reasonably afford. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. he failed to pay back more than a half . Copyright 2008-2023 BroBible. Mayweather's weight limit was 160 pounds; Paul's was 190. That's what a tough chin and hard hands will get you. 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 . The mansion came to market shortly thereafter for $8.2 million and was offered for as low as $7.89 million before hitting the auction block in November 2013 with a starting bid of just $2.5 million. The event never happened, leading to a contractual dispute between Holyfield and Triller. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. More families mean more money, and Holyfield has several families. The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. Jorge is a Miami native and lifelong Heat fan. His record: 15-40-3, 1 KO. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. Today that would be about $52,400,000. At his peak, Evander Holyfield had a reported net worth of $200 million. The property, which is located in Atlanta, Georgia, is worth $5.8 million. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. However, it's not a foregone conclusion this will be an official bout. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. 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. 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. It was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. 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. The mansion stands at 45,000 square feet and is situated on more than 235 acres. In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. Dan saying Holyfield earned 5-6 million dollars tonight. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. Also on the card is former heavyweight (and cruiserweight) champion David Haye who is coming out of retirement to meet Joe Fournier in a sanctioned fight. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. "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. On its 235-acre grounds is a handball court, a softball field, a tennis court, a seven-stall barn, and a 350,000-gallon pool billed as one of the largest in the nation. 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. Both fighters also weren't supposed to push for a knockout. It reports come after it was found that Oscar De La Hoya has tested positive for . Everything you need to know about Evander Holyfield vs. Vitor Belfort, The triumph of Michael B. Jordan and Jonathan Majors in Creed III. The boxing career of Evander Holyfield was reborn after his release from prison. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. 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. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. His total earnings were around half a million dollars, including brand deals. 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. The property includes a basketball court, a tennis court, a gym, a pool and a home theater. But after retirement, athletes across all sports regularly end up in financially compromised situations. By: Holly Aguirre. 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. They did not release the earnings of these boxers to the public. pursuing a bachelor's degree in English Literature. "You are absolutely right," Holyfield said. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. 3 Comments. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. Rodriguez said Holyfield was let down by the people around him during his fighting days. 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. Is this the result of systemic racism somebody tell your president an Vice President that one black man sold this monstrous mansion for millions to another black man happens all the time not in china but here in this great country mfers. Due to the immense difficulty and bodily strain of fighting in the first place, fighters earnings are often on the scale of hundreds of millions by the time they wrap up their careers. A post shared by Evander Holyfield (@evanderholyfield). During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. "All I know is it's a fight and they got the rules. Holyfield threw a left hook and Belfort stepped inside with. 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. June 6, 2021, 5:50 pmupdated June 7, 2021, 6:18 am 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. The estate is located on 235 acres of land and has 109 rooms, 12 of which are bedrooms and 21 of which are bathrooms, making it the largest single-family home in Georgia. Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. Full Spectrum Services LLP 2022 | All Rights Reserved. With lawsuits and penalties to the IRS, Holyfields net worth drastically dropped until it stabilized at around $500,000. Dan Rafael (@DanRafael1) September 12, 2021. Owing nearly $15 million on the property with no end to his debt in site, Holyfield sold the absolutely massive Fayetteville mansionconsidered the largest single-family home in the state of Georgiato a bank in 2012 for $7.5 million. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. 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. "I used to be foolish, but I ain't foolish no more.". So why did the 58-year-old retired boxer take on the fight on short notice knowing there was a good chance he would embarrass himself? His expenses kept his net worth somewhat depressed despite all that revenue. Does Rick Ross own a multi-million dollar mansion in Georgia? The property is located in Atlanta, Georgia and priced at $5.8 million. 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. As you can probably guess, Evanders mega-manse failed to sell at auction and made its way back onto the market in December for $6.875 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. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. The divorces were certainly costly, but not nearly as expensive as his obligations to his children. He lost the title to Mike Tyson in a second fight after winning it the first time. At his peak, Evander Holyfield had a reported net worth of $200 million. The $230m he earned over a. Stop the dumbass TMZ headlines please! Rapper Rick Ross purchased the home in 2014. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. In the first round, Tyson defeated him. Smith received cash and property from the 2012 divorce, including child and spousal support. First, an ongoing divorce settlement wrapped up after he bought his home. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". . In this new world of novelty boxing matches that's Wild Wild West even by boxing standards, there's a lot of confusion when it comes to these matters. Holyfield also committed to paying for the private education of all three of his children. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . Evander Holyfield in his prime was a massive draw in boxing. Holyfield didn't . The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. 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. "When you don't have others looking out for you, everybody's taking something for themself. He announced his retirement after the bout. In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. 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"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. Money, of course. . PrivacyAboutContactAdvertisingHave a News Tip? 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. His total earnings were around half a million dollars, including brand deals. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. 2023 CNBC LLC. Peek inside this epic slice of superstar real estate. Evander Holyfield Apparently Made $5-6 Million For Getting Beat Down By Vitor Belfort According To Boxing Insider by Jorge Alonso September 12, 2021 10:31 am Getty Image Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. 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. 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. He defaulted on his mortgage at exactly the wrong time. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. demolished in his fight against the former UFC champion which ended in the first round. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. arrivals in the venue shortly after 6 p.m.an hour before the pay-per-view broadcast got started. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. football player for Diego Juniors FC. But today, he only holds a small fraction of his former net worth. 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 mansion has been among the sources of the boxer's. 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. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. The boxing career of Evander Holyfield has been marked by highs and lows. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. (via @OmarESPN) pic.twitter.com/wlR89gCjJC, ESPN Ringside (@ESPNRingside) September 12, 2021. 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. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. Indeed, Belfort is a 44-year-old who has had only one pro boxing match. Football, basketball, boxing, it didn't matter. he's bragging about making an outrageous amount of cash for the gig, and his deal has a . The suit threatened Holyfield with jail time if he didn't pay up. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. 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. When you examine this particular event, the confusion is even greater. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. 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. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. Evander Holyfield is one of those fighters. 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. But why fight at all if you're Holyfield? How Much Did Evander Holyfield Pay For His House. But his enormous mansion turned out to be a much larger drain on his resources. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. 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 lawsuit was for a mix of back child support and unpaid maintenance. Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. Copyright 2023 Endgame360 Inc. All Rights Reserved. Holyfield also went through three divorces. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. All Rights Reserved. The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. 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. 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. A landscaping company sued him for $550,000 for unpaid services. Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. Meanwhile, a federal lawsuit was filed two weeks ago in Utah seeking repayment of $550,000 in loans allegedly made to Holyfield to pay for landscaping on his 95-hectare estate. A Division of NBCUniversal. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. 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. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. Gambling related content is not intended for anyone under the age of 21. "If Triller and the fighters elect to not have this go on BoxRec, we will honor that request, but pro boxing rules will still apply with judges, scoring and a clear winner just as if it were a pro bout.". To demonstrate its commitment to investing in distressed assets, the bank purchased this property. He ended up selling his mansion for less than half the amount he bought it for. Sign up for free newsletters and get more CNBC delivered to your inbox. def. It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. So, what does Rosss new home have to offer? Evander Holyfield is one of the greats of the boxing world. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. "If he had the right team behind him, he would have never lost his fortune.". Now, 57-year-old former champ Evander Holyfieldlives in a two-bedroom apartment and admits the vast majority ofthose millions aregone since his final professional bout in 2011. In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. However, he lost all his money almost as quickly as he earned it. Alejandro Avila And that was in 2006, a first-round KO victory in his native Brazil. 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. Get the Daily OutKick and get smarter every day. Videos by OutKick. 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. B/R's combat sports team was in the house for "Triller . In total, Holyfield married three women and was divorced twice. Given the FAC's decision, Holyfield has completed this evaluation. The home, which Holyfield lost due to foreclosure a year prior, has a. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. 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. "We've spoken to Holyfield and Vitor and the commission; no matter what, this will be scored as a pro fight, there will be a clear winner and it will be treated with pro rules.". Donald Trump is doing way more than calling a fight this weekend . 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. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. Allan Binoy is a Combat Sports Author at EssentiallySports. Florida, on the other hand, saw no issue. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. And with his kids happy, healthy, and doing well in school, Evander Holyfield couldnt be happier with where it all ended up.