It reports come after it was found that Oscar De La Hoya has tested positive for . 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. Given the FAC's decision, Holyfield has completed this evaluation. BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. PrivacyAboutContactAdvertisingHave a News Tip? 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 also went through three divorces. "You are absolutely right," Holyfield said. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. But after retirement, athletes across all sports regularly end up in financially compromised situations. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. In the first round, Tyson defeated him. In July of 1988 . by 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. 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. However, it's not a foregone conclusion this will be an official bout. Even recouping proved to be a financial loss. Everything you need to know about Evander Holyfield vs. Vitor Belfort, The triumph of Michael B. Jordan and Jonathan Majors in Creed III. 9/9/2021 1:00 AM PT. This meant that his per-fight revenue and marketability were extremely high. This upkeep accounted for an additional $1 million in expenses every year. When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. 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.. He ended up selling his mansion for less than half the amount he bought it for. However, he lost all his money almost as quickly as he earned it. . 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? The home, which Holyfield lost due to foreclosure a year prior, has a. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. His record: 15-40-3, 1 KO. Football, basketball, boxing, it didn't matter. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. 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. 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. 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. Silva upset Julio Cesar Chavez Jr. this summer in Mexico, and now fights Ortiz, who will be making his boxing debut. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. 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. 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. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. 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. Holyfield also committed to paying for his three childrens private educations as a personal commitment. 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. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. (via @OmarESPN) pic.twitter.com/wlR89gCjJC, ESPN Ringside (@ESPNRingside) September 12, 2021. Got a confidential news tip? 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. A passionate learner in the world of professional writing, and an ardent Manchester United fan. The $230m he earned over a. The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. def. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". Rodriguez said Holyfield was let down by the people around him during his fighting days. In 1998, the first world heavyweight title was awarded. I know all the things that's necessary to be safe. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. "At least I'm fighting somebody that I know I can protect myself [against]. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. His career took off after he won the IBF world title in 1996. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. 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. He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. In 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. Only he knows. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. 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. 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. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. 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. However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. Does Rick Ross own a multi-million dollar mansion in Georgia? When Holyfield went broke in 2012, he owed about $500,000 in child support. Both fighters also weren't supposed to push for a knockout. Copyright 2023 Endgame360 Inc. All Rights Reserved. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. 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 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. 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. 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. Yes, Holyfield is 58. "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.". Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. 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. He is currently Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. The true price was even higher, however. His expenses kept his net worth somewhat depressed despite all that revenue. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. Mike Tyson chomps on the ear of Evander Holyfield in the third round of their WBA heavyweight bout in Las Vegas in 1997. But why fight at all if you're Holyfield? His total earnings were around half a million dollars, including brand deals. 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. What happened? 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 has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. The child support is really where the boxer's family debt began to get out of hand. "All boxers on this card have successfully met all requirements to be licensed by the Florida Athletic Commission," a spokesperson for the commission said. All Rights Reserved. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. TMZ.com. The pay-per-view begins at 8 p.m. Stop the dumbass TMZ headlines please! As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. 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. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. 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. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. Vitor Belforts Professional Boxing Record: Has He Boxed Before? Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. A landscaping company sued him for $550,000 for unpaid services. The lawsuit was for a mix of back child support and unpaid maintenance. 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. 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. Women's boxing pound-for-pound rankings: Did Baumgardner do enough to overtake Serrano? 2023 CNBC LLC. Holyfield didn't . According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Sign up for free newsletters and get more CNBC delivered to your inbox. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. His then-18-year-old daughter sued him for $300,000 of it. . "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. 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. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. pursuing a bachelor's degree in English Literature. A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . 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 suit threatened Holyfield with jail time if he didn't pay up. More so, he's still chasing a lucrative third fight with Tyson. Get the Daily OutKick and get smarter every day. All rights reserved. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. Alejandro Avila 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. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. 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. Holyfield also committed to paying for the private education of all three of his children. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. Evander Holyfield is one of those fighters. 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. Gambling related content is not intended for anyone under the age of 21. There is no reason why we cannot achieve this, according to 36-year-old Andy. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Lets go inside Rick Ross stunning home in New York. foot guest house, a 12-stall barn, and a five-acre lake. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. 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. "When you don't have others looking out for you, everybody's taking something for themself. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. 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.. How did Evander Holyfield lose all his money? Evander Holyfield is one of those fighters. By: Holly Aguirre. It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. football player for Diego Juniors FC. Holyfield will step into the ring after more than a decade of inactivity. Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. His final professional fight was on July 14, 1968, at the age of 48. His liabilities from his period bloomed into various directions as his creditors came knocking. During his career Holyfield earned an estimated $230 million in. Copyright 2008-2023 BroBible. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. How did Evander Holyfield lose his house . Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. The companys purchase of the property is a sign of its commitment to investing in distressed assets. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. Jorge is a Miami native and lifelong Heat fan. Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. 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. They did not release the earnings of these boxers to the public. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. Roman Reigns & Usos Removed From Smackdown? Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . 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. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. "I used to be foolish, but I ain't foolish no more.". He announced his retirement after the bout. "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 mansion stands at 45,000 square feet and is situated on more than 235 acres. 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. 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 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. 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. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. First, an ongoing divorce settlement wrapped up after he bought his home. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. The mansion has been among the sources of the boxer's. 3 Comments. Evander Holyfield in his prime was a massive draw in boxing. How Much Did Evander Holyfield Pay For His House. The event never happened, leading to a contractual dispute between Holyfield and Triller. That was Belfort's fourth loss in six Octagon appearances. 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. In total, Holyfield married three women and was divorced twice. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. The Reason Evander Holyfield Lost His Money. ", "It's kind of hard to turn down a big sum of something when you know you can do it. Rapper Rick Ross purchased the home in 2014. Money, of course. Donald Trump is doing way more than calling a fight this weekend . 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. Evander Holyfield by TKO, 1: . But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. The home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. Regardless, the Commission will be supervising the fight.". . 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. One of his six sons is Elijah Esaias Holyfield, a footballerrepresenting the Carolina Panthers in the NFL. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. 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. Today that would be about $52,400,000. Lets dive into his earnings, his expenses, and his personal history to find out. When you examine this particular event, the confusion is even greater. He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. "If he had the right team behind him, he would have never lost his fortune.". The whole thing's about protection. 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. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. 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? 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 54,000 square-foot mansion is also the largest in Georgia. Fighters 154 pounds and above typically wear 10-ounce gloves. He defaulted on his mortgage at exactly the wrong time. At his peak, Evander Holyfield had a reported net worth of $200 million. The boxing career of Evander Holyfield has been marked by highs and lows. After all, the perils of riches lay mostly in how they're spent. 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. 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. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. The property includes a basketball court, a tennis court, a gym, a pool and a home theater. 2.6K. Evander Holyfield is one of the greats of the boxing world. Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. The $230m he earned over a. In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. But his enormous mansion turned out to be a much larger drain on his resources.
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