Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. Indeed, Belfort is a 44-year-old who has had only one pro boxing match. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. Peek inside this epic slice of superstar real estate. 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. 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. All Rights Reserved. Even recouping proved to be a financial loss. 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. His career took off after he won the IBF world title in 1996. His total earnings were around half a million dollars, including brand deals. The boxing career of Evander Holyfield was reborn after his release from prison. After the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. Money, of course. He had to. 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. . It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. 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 . First, an ongoing divorce settlement wrapped up after he bought his home. The whole thing's about protection. His liabilities from his period bloomed into various directions as his creditors came knocking. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. Alejandro Avila Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. 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. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. At his peak, Evander Holyfield had a reported net worth of $200 million. The suit threatened Holyfield with jail time if he didn't pay up. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. 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. 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. 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. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. The $230m he earned over a. 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. However, he lost all his money almost as quickly as he earned it. Allan is a semi-professional His then-18-year-old daughter sued him for $300,000 of it. Evander Holyfield in his prime was a massive draw in boxing. "At least I'm fighting somebody that I know I can protect myself [against]. But why fight at all if you're Holyfield? If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. (via @OmarESPN) pic.twitter.com/wlR89gCjJC, ESPN Ringside (@ESPNRingside) September 12, 2021. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. His record: 15-40-3, 1 KO. Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. Holyfield lost money on failed business ventures and, as the Independentreported in 2012, by blowing it at every casino in Las Vegas and Atlantic City. Videos by OutKick. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. 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. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. Evander Holyfield is one of those fighters. 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!. In 1998, the first world heavyweight title was awarded. "You are absolutely right," Holyfield said. Gambling related content is not intended for anyone under the age of 21. 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 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. However, he lost all his money almost as quickly as he earned it. "All boxers on this card have successfully met all requirements to be licensed by the Florida Athletic Commission," a spokesperson for the commission said. "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.". More so, he's still chasing a lucrative third fight with Tyson. Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. 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. 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. The first thing to know about having a lot of money is there's a lot more money to spend, and former champion Evander Holyfield did a lot of spending. Holyfield has 11 children from five different mothers, according to the Independent. Jorge is a Miami native and lifelong Heat fan. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. Ultimately in this case, the decision on whether Saturday's fight is a sanctioned match or an exhibition match is a matter for the participants. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. 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 reportedly spent an additional $1.5 million on furnishings and decor for the home. 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. He announced his retirement after the bout. def. Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. Holyfield also committed to paying for his three childrens private educations as a personal commitment. His final professional fight was on July 14, 1968, at the age of 48. 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. "Man, they were stealing, just stealing, stealing.". One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. Email: jorge@brobible.com. 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. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. by ET. Given the FAC's decision, Holyfield has completed this evaluation. Roman Reigns & Usos Removed From Smackdown? The 54,000 square-foot mansion is also the largest in Georgia. Other financial losses came from Evander Holyfield's home life. I do what I have to do.". He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec.
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