One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. A passionate learner in the world of professional writing, and an ardent Manchester United fan. Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. 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.. Vitor Belforts Professional Boxing Record: Has He Boxed Before? 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. Rodriguez said Holyfield was let down by the people around him during his fighting days. In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. "I used to be foolish, but I ain't foolish no more.". Holyfield didn't . PrivacyAboutContactAdvertisingHave a News Tip? Allan is a semi-professional 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 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. Outkick is a company that produces videos. 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. When Holyfield went broke in 2012, he owed about $500,000 in child support. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. foot guest house, a 12-stall barn, and a five-acre lake. Atlantas 109-room mansion, which was built as a monument to his success, was auctioned off in 2008 for 4.2 million, with Ross purchasing it. arrivals in the venue shortly after 6 p.m.an hour before the pay-per-view broadcast got started. During his career Holyfield earned an estimated $230 million in. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. Copyright 2023 Endgame360 Inc. All Rights Reserved. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. 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 . A Division of NBCUniversal. 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!. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. However, he lost all his money almost as quickly as he earned it. 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. The whole thing's about protection. 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. "All boxers on this card have successfully met all requirements to be licensed by the Florida Athletic Commission," a spokesperson for the commission said. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. 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. He had to. 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. Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Today that would be about $52,400,000. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. 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. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. In total, Holyfield married three women and was divorced twice. The $230m he earned over a. 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. His final professional fight was on July 14, 1968, at the age of 48. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. 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 . Holyfield threw a left hook and Belfort stepped inside with. def. 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. After the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. 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? According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the 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. After all, the perils of riches lay mostly in how they're spent. Holyfield also went through three divorces. The Biltmore House Americas Largest Private Home, Making The Most Informed Home Purchase: Understanding The Benefits Of Cash Sales And Home Appraisals, A Guide To Accurately Appraising A Home: Tips For Buyers And Sellers, Maximizing Profit When Flipping A House: How Appraisal Value Can Make Or Break A Flip. Featured in the Eddie Murphy sequel Coming 2 America, boxing champ Evander Holyfield's one-time home in Fayetteville, Georgia, covers 44,234 square feet. Peek inside this epic slice of superstar real estate. 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. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. 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. "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.". "If he had the right team behind him, he would have never lost his fortune.". De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. Florida, on the other hand, saw no issue. His liabilities from his period bloomed into various directions as his creditors came knocking. Fighters 154 pounds and above typically wear 10-ounce gloves. The lawsuit was for a mix of back child support and unpaid maintenance. The home, which Holyfield lost due to foreclosure a year prior, has a. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. Was it worth his pride? Smith received cash and property from the 2012 divorce, including child and spousal support. Holyfieldcontinues to earn around $100,000 per month through personal appearances but that vast wealth vanished through reckless spending, bad business deals and even worse financial advice, news.com.au reported. It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. But after retirement, athletes across all sports regularly end up in financially compromised situations. 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 . And that was in 2006, a first-round KO victory in his native Brazil. A post shared by Evander Holyfield (@evanderholyfield). He ended up selling his mansion for less than half the amount he bought it for. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. And yes, this will be his first fight since he defeated Brian Nielsen in 2011, capping one of the greatest in-ring careers of all time. pursuing a bachelor's degree in English Literature. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. 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? Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. The boxing career of Evander Holyfield was reborn after his release from prison. 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. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. Other financial losses came from Evander Holyfield's home life. For one, he's making multiple millions, sources told ESPN. Jorge is a Miami native and lifelong Heat fan. "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. Evander Holyfield is one of those fighters. B/R's combat sports team was in the house for "Triller . We want to hear from you. Full Spectrum Services LLP 2022 | All Rights Reserved. The property, which is located in Atlanta, Georgia, is worth $5.8 million. At his peak, Evander Holyfield had a reported net worth of $200 million. Holyfield will step into the ring after more than a decade of inactivity. 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. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. Get the Daily OutKick and get smarter every day. 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. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. His expenses kept his net worth somewhat depressed despite all that revenue. Videos by OutKick. "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). Gambling related content is not intended for anyone under the age of 21. I do what I have to do.". How Much Did Evander Holyfield Pay For His House. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. ET. The 54,000 square-foot mansion is also the largest in Georgia. Today, his wealth is stabilized at around $500,000. by When you examine this particular event, the confusion is even greater. "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.". 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. 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. 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. And he seems happy again. The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. 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. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. So what does Holyfield say to those who say he shouldn't be fighting at 58? His total earnings were around half a million dollars, including brand deals. 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. The home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. He finished his career at 53 years old with five losses in his final seven bouts. Given the FAC's decision, Holyfield has completed this evaluation. 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. The suit threatened Holyfield with jail time if he didn't pay up. The pay-per-view begins at 8 p.m. So, what does Rosss new home have to offer? According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Holyfield also committed to paying for the private education of all three of his children. 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. And he seems happy again. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. Both fighters also weren't supposed to push for a knockout. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. Evander Holyfield in his prime was a massive draw in boxing. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. "Man, they were stealing, just stealing, stealing.". 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. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. By: Holly Aguirre. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. It reports come after it was found that Oscar De La Hoya has tested positive for . Allan Binoy is a Combat Sports Author at EssentiallySports. Yes, Holyfield is 58. . Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. 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. 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. He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. Evander Holyfield's amazing 109-room Georgia home he sold to Rick Ross for 4.7m boasts bowling alley, theatre and pool https://t.co . A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . Evander Holyfield is one of those fighters. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. Evander Holyfield is one of the greats of the boxing world. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . (via @OmarESPN) pic.twitter.com/wlR89gCjJC, ESPN Ringside (@ESPNRingside) September 12, 2021. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. "You are absolutely right," Holyfield said. Holyfield also committed to paying for his three childrens private educations as a personal commitment. . 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. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. 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. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. June 6, 2021, 5:50 pmupdated June 7, 2021, 6:18 am Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. "At least I'm fighting somebody that I know I can protect myself [against]. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. Indeed, Belfort is a 44-year-old who has had only one pro boxing match. Email: [email protected]. If Triller, along with the fighters, decide the event won't be registered as an official bout that is listed on BoxRec (boxing's official record keeper), the promoter has until right before the bell rings to notify the commission, per the FAC. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. 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. And he remained on the hook for that massive mortgage. Evander Holyfield's loss is Rick Ross' gain. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. The property includes a basketball court, a tennis court, a gym, a pool and a home theater. 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. 9/9/2021 1:00 AM PT. Mayweather's weight limit was 160 pounds; Paul's was 190. 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. 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. 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. But today, he only holds a small fraction of his former net worth. Rapper Rick Ross purchased the home in 2014. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. Fans are concerned for Evander Holyfield, who seemed to struggle on the ads during the open workouts for the media. ", "It's kind of hard to turn down a big sum of something when you know you can do it. When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. Holyfield has 11 children from five different mothers, according to the Independent. 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. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. There is no reason why we cannot achieve this, according to 36-year-old Andy. And keeping such a massive space with so many amenities had many extra costs. The child support is really where the boxer's family debt began to get out of hand. That's what a tough chin and hard hands will get you. 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. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. Lets go inside Rick Ross stunning home in New York. Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. TV News / Jon Galt. Holyfield reportedly spent an additional $1.5 million on furnishings and decor for the home. Only he knows. It remains to be seen how safe it is for a 58-year-old to compete. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. Oscar de la Hoya Sad Hospitalization Video Leaks. A landscaping company sued him for $550,000 for unpaid services. More families mean more money, and Holyfield has several families. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. 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. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. Data is a real-time snapshot *Data is delayed at least 15 minutes. What happened? 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 companys purchase of the Holyfield property shows its commitment to investing in distressed assets. 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. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. The cost includes unlimited replays for all fights in the event until Dec. 11, so . Holyfield took out a mortgage for $14 million on the home. Evander Holyfield by TKO, 1: . The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. His record: 15-40-3, 1 KO. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. 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. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. 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. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. Even recouping proved to be a financial loss. 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. "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. At his peak, Evander Holyfield had a reported net worth of $200 million. he's bragging about making an outrageous amount of cash for the gig, and his deal has a . 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. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. The companys purchase of the property is a sign of its commitment to investing in distressed assets. It ended up going for half of what he bought it for. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth.