One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. 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. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. 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. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. The true price was even higher, however. 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. This meant that his per-fight revenue and marketability were extremely high. Both fighters also weren't supposed to push for a knockout. 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. 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. "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). Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. It reports come after it was found that Oscar De La Hoya has tested positive for . The home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. 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. 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. 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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. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. Got a confidential news tip? At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. 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. That was Belfort's fourth loss in six Octagon appearances. Football, basketball, boxing, it didn't matter. Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. Fans are concerned for Evander Holyfield, who seemed to struggle on the ads during the open workouts for the media. One of his six sons is Elijah Esaias Holyfield, a footballerrepresenting the Carolina Panthers in the NFL. 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. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. Fighters 154 pounds and above typically wear 10-ounce gloves. In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. The companys purchase of the property is a sign of its commitment to investing in distressed assets. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. Evander Holyfield is one of those fighters. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. 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. Holyfield will step into the ring after more than a decade of inactivity. Roman Reigns & Usos Removed From Smackdown? I do what I have to do.". 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. 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. He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. At his peak, Evander Holyfield had a reported net worth of $200 million. And he remained on the hook for that massive mortgage. 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 is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. Oscar de la Hoya Sad Hospitalization Video Leaks. "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. So what does Holyfield say to those who say he shouldn't be fighting at 58? 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. pursuing a bachelor's degree in English Literature. The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. . Indeed, Belfort is a 44-year-old who has had only one pro boxing match. Email: jorge@brobible.com. "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. For one, he's making multiple millions, sources told ESPN. 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. The suit threatened Holyfield with jail time if he didn't pay up. All Rights Reserved. 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? Peek inside this epic slice of superstar real estate. Basically, the boxer had more kids and ex-wives than he could reasonably afford. His expenses kept his net worth somewhat depressed despite all that revenue. A post shared by Evander Holyfield (@evanderholyfield). The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. 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. The mansion has been among the sources of the boxer's. 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. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. Evander Holyfield's loss is Rick Ross' gain. 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.. 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. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. 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. We want to hear from you. 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. Evander Holyfield is one of the greats of the boxing world. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. 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. 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. 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 apparently got paid very well for his two minutes inside the ring against Vitor Belfort. 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. Allan is a semi-professional Videos by OutKick. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. 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 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. READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. How did Evander Holyfield lose his house . Evander Holyfields net worth has been reduced by half as a result of his mortgage default. Was it worth his pride? You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. And with his kids happy, healthy, and doing well in school, Evander Holyfield couldnt be happier with where it all ended up. 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. Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. TV News / Jon Galt. The home, which Holyfield lost due to foreclosure a year prior, has a. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. 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. 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. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. 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. 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 . "Real Deal" is best remembered, of course, for his legendary run at heavyweight, a resume that includes two wins over Mike Tyson (including the infamous "Bite Fight"), a win over George Foreman and one win over Riddick Bowe in one of the most brutal title trilogies of all time. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Evander Holyfield by TKO, 1: . 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? Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. Outkick is a company that produces videos. 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. A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . In the first round, Tyson defeated him. Published: January 6 2014 22:05. Does Rick Ross own a multi-million dollar mansion in Georgia? The 54,000 square-foot mansion is also the largest in Georgia. 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. 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. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. "You are absolutely right," Holyfield said. It ended up going for half of what he bought it for. 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!. 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. And that was in 2006, a first-round KO victory in his native Brazil. "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.". 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. Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. He is currently According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. 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 . What happened? The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. 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. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. "All I know is it's a fight and they got the rules. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. 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. Evander Holyfield is one of those fighters. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. The property is located in Atlanta, Georgia and priced at $5.8 million. The $230m he earned over a. 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 . Money, of course. It remains to be seen how safe it is for a 58-year-old to compete. Florida, on the other hand, saw no issue. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . There is no reason why we cannot achieve this, according to 36-year-old Andy. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. 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. 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. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. Even recouping proved to be a financial loss. Vitor Belforts pressure proved to be too much for Evander Holyfield. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. The property includes a basketball court, a tennis court, a gym, a pool and a home theater. 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. 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. Stop the dumbass TMZ headlines please! "Man, they were stealing, just stealing, stealing.". "I've had no money to pay lawyers and had to fight on my own in court and that ain't easy." Holyfield didn't . ET. 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. 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. Smith received cash and property from the 2012 divorce, including child and spousal support. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. Rodriguez said Holyfield was let down by the people around him during his fighting days. 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. 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. "When you don't have others looking out for you, everybody's taking something for themself. TMZ.com. Today that would be about $52,400,000. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. All rights reserved. Dan saying Holyfield earned 5-6 million dollars tonight. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. 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. This upkeep accounted for an additional $1 million in expenses every year. Holyfield has 11 children from five different mothers, according to the Independent. 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. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. And he seems happy again. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. Holyfield also committed to paying for his three childrens private educations as a personal commitment. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. 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 career took off after he won the IBF world title in 1996. "At least I'm fighting somebody that I know I can protect myself [against]. He had to. 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. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. Tour Evander Holyfield's Former Mansion. The property, which is located in Atlanta, Georgia, is worth $5.8 million. Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. 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. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". His final professional fight was on July 14, 1968, at the age of 48. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. But his enormous mansion turned out to be a much larger drain on his resources. 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. They did not release the earnings of these boxers to the public. The lawsuit was for a mix of back child support and unpaid maintenance. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. 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.

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