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. He lost the title to Mike Tyson in a second fight after winning it the first time. Smith received cash and property from the 2012 divorce, including child and spousal support. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". 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. 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 Reason Evander Holyfield Lost His Money. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. 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. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. Evander Holyfield's loss is Rick Ross' gain. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . Holyfield and Belfort will compete at heavyweight, the unlimited weight class. 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. However, he lost all his money almost as quickly as he earned it. Lets go inside Rick Ross stunning home in New York. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. His then-18-year-old daughter sued him for $300,000 of it. 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. 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. 58-year-old man dies at start of mountain bike race, Teen boys charged with murder over killing of driver in Auckland, What the alcohol industry doesn't want you to know, The Jugglenaut: How childcare became a for-profit game, Christopher Luxon promises childcare rebates for any family earning less than $180,000, Homeowner says banks offering 4.99% under the table is a 'market failure', Person who died after incident in Auckland's Beach Haven named, Guyon Espiner's last drink: 'Probably wine, but I was too drunk to remember', Disappointment and tequila: How sporting power couple Dion Nash and Bernice Mene met, Wallabies star's NZ$1.6m World Cup gamble after bar brawl shuts down Japanese club. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. "If he had the right team behind him, he would have never lost his fortune.". Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. 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. 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. by "I've had no money to pay lawyers and had to fight on my own in court and that ain't easy." 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. 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. The $230m he earned over a. He finished his career at 53 years old with five losses in his final seven bouts. Sign up for free newsletters and get more CNBC delivered to your inbox. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. 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. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. So, what does Rosss new home have to offer? Holyfield threw a left hook and Belfort stepped inside with. Allan Binoy is a Combat Sports Author at EssentiallySports. 9/9/2021 1:00 AM PT. There is no reason why we cannot achieve this, according to 36-year-old Andy. TMZ.com. 2.6K. The divorces were certainly costly, but not nearly as expensive as his obligations to his children. "You are absolutely right," Holyfield said. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. Rodriguez said Holyfield was let down by the people around him during his fighting days. Videos by OutKick. 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. 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. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. Evander Holyfield in his prime was a massive draw in boxing. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. Florida, on the other hand, saw no issue. 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. June 6, 2021, 5:50 pmupdated June 7, 2021, 6:18 am 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. The mansion has been among the sources of the boxer's. 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. Was it worth his pride? I know all the things that's necessary to be safe. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. Stop the dumbass TMZ headlines please! Donald Trump is doing way more than calling a fight this weekend . 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 they were set to fight in Los Angeles on the same date, the fight was an exhibition. Got a confidential news tip? 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. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. 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. Mayweather's weight limit was 160 pounds; Paul's was 190. TV News / Jon Galt. 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.. 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. But his enormous mansion turned out to be a much larger drain on his resources. The event never happened, leading to a contractual dispute between Holyfield and Triller. After claiming his first world title in 1986, the boxing legend won 44 bouts in a stellar career, including two victories over Mike Tyson and other famous wins against George Foreman, Larry Holmes and Buster Douglas. 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. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. 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. 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. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. I do what I have to do.". 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. He defaulted on his mortgage at exactly the wrong time. More families mean more money, and Holyfield has several families. READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. The 54,000 square-foot mansion is also the largest in Georgia. He announced his retirement after the bout. It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. 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. Copyright 2008-2023 BroBible. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. 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. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. 2023 CNBC LLC. The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. The true price was even higher, however. he's bragging about making an outrageous amount of cash for the gig, and his deal has a . Holyfield took out a mortgage for $14 million on the home. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. "All I know is it's a fight and they got the rules. 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 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. When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. During his career Holyfield earned an estimated $230 million in. 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. 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. "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. The boxing career of Evander Holyfield has been marked by highs and lows. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. His expenses kept his net worth somewhat depressed despite all that revenue. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. His final professional fight was on July 14, 1968, at the age of 48. 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 . DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. 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.". 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. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. The whole thing's about protection. 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. 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. Jorge is a Miami native and lifelong Heat fan. In the first round, Tyson defeated him. In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. The home, which Holyfield lost due to foreclosure a year prior, has a. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. 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. And he seems happy again. That was Belfort's fourth loss in six Octagon appearances. Everything you need to know about Evander Holyfield vs. Vitor Belfort, The triumph of Michael B. Jordan and Jonathan Majors in Creed III. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. All Rights Reserved. Outkick is a company that produces videos. "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). He had to. The child support is really where the boxer's family debt began to get out of hand. He ended up selling his mansion for less than half the amount he bought it for. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. First, an ongoing divorce settlement wrapped up after he bought his home. 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. Vitor Belforts pressure proved to be too much for Evander Holyfield. ET. Holyfield also went through three divorces. arrivals in the venue shortly after 6 p.m.an hour before the pay-per-view broadcast got started. 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. 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. 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. The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. However, he lost all his money almost as quickly as he earned it. 3 Comments. ", "It's kind of hard to turn down a big sum of something when you know you can do it. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. Fighting Lopez creates a better opportunity for Taylor, but can he beat him? Allan is a semi-professional Evander Holyfield by TKO, 1: . Evander Holyfield is one of those fighters. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. Holyfield has 11 children from five different mothers, according to the Independent. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. The property, which is located in Atlanta, Georgia, is worth $5.8 million. "All boxers on this card have successfully met all requirements to be licensed by the Florida Athletic Commission," a spokesperson for the commission said. The suit threatened Holyfield with jail time if he didn't pay up. "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. In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. Full Spectrum Services LLP 2022 | All Rights Reserved. We want to hear from you. Roman Reigns & Usos Removed From Smackdown? Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. 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. When Holyfield went broke in 2012, he owed about $500,000 in child support. Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. Vitor Belforts Professional Boxing Record: Has He Boxed Before? Mansion has been the ideal location for two movies, Superfly and Coming 2 America. The mansion stands at 45,000 square feet and is situated on more than 235 acres. Indeed, Belfort is a 44-year-old who has had only one pro boxing match. Email: jorge@brobible.com. It ended up going for half of what he bought it for. The companys purchase of the property is a sign of its commitment to investing in distressed assets. 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. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. 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 . 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. When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. When you examine this particular event, the confusion is even greater. 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. He is currently Rapper Rick Ross purchased the home in 2014. 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. Lets dive into his earnings, his expenses, and his personal history to find out. And he seems happy again. . Both fighters also weren't supposed to push for a knockout. Holyfield also committed to paying for the private education of all three of his children. A landscaping company sued him for $550,000 for unpaid services. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. "I used to be foolish, but I ain't foolish no more.". According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. Oscar de la Hoya Sad Hospitalization Video Leaks. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. This upkeep accounted for an additional $1 million in expenses every year. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . However, it's not a foregone conclusion this will be an official bout. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. 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 . A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. A Division of NBCUniversal. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. In July of 1988 . 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. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. "We have approved this as a full pro bout," the commission said. The home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep.
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