At his peak, Evander Holyfield had a reported net worth of $200 million. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. 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. The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. 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. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. . 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. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. With lawsuits and penalties to the IRS, Holyfields net worth drastically dropped until it stabilized at around $500,000. 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. 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. 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 pay-per-view begins at 8 p.m. Holyfield also went through three divorces. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? Everything you need to know about Evander Holyfield vs. Vitor Belfort, The triumph of Michael B. 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Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. The $230m he earned over a. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. 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. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. "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. Yes, Holyfield is 58. Data is a real-time snapshot *Data is delayed at least 15 minutes. In the first round, Tyson defeated him. 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. Roman Reigns & Usos Removed From Smackdown? Copyright 2008-2023 BroBible. Football, basketball, boxing, it didn't matter. Donald Trump is doing way more than calling a fight this weekend . pursuing a bachelor's degree in English Literature. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. He defaulted on his mortgage at exactly the wrong time. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. The true price was even higher, however. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. "You are absolutely right," Holyfield said. "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.". Sign up for free newsletters and get more CNBC delivered to your inbox. How did Evander Holyfield lose his house . 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. Vitor Belforts Professional Boxing Record: Has He Boxed Before? Evander Holyfield estimates he earned more than $300 million from his 57-fight career. 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. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. Holyfield didn't . Was it worth his pride? 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. 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. Today, his wealth is stabilized at around $500,000. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. A passionate learner in the world of professional writing, and an ardent Manchester United fan. Evander Holyfield, a world boxing champion and the greatest boxer of all time, has sold a 109-room mansion to Dade Countys most famous rapper, Rick Ross. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. 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. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. The mansion stands at 45,000 square feet and is situated on more than 235 acres. This upkeep accounted for an additional $1 million in expenses every year. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. TMZ.com. Get this delivered to your inbox, and more info about our products and services. 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. 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. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. The suit threatened Holyfield with jail time if he didn't pay up. The boxing career of Evander Holyfield has been marked by highs and lows. Fighters 154 pounds and above typically wear 10-ounce gloves. "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.". 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. The companys purchase of the property is a sign of its commitment to investing in distressed assets. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. 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. Holyfield has 11 children from five different mothers, according to the Independent. However, he lost all his money almost as quickly as he earned it. 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. 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. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. 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. Jorge is a Miami native and lifelong Heat fan. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. After suffering his first loss in boxing, what now for Jake Paul? 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. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. He lost the title to Mike Tyson in a second fight after winning it the first time. 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 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. 3 Comments. 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. Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. 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. Tour Evander Holyfield's Former Mansion. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. Vitor Belforts pressure proved to be too much for Evander Holyfield. Allan is a semi-professional 2023 CNBC LLC. 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. He is currently Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. And he seems happy again. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. Both fighters also weren't supposed to push for a knockout. He finished his career at 53 years old with five losses in his final seven bouts. 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. . Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. 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. However, he lost all his money almost as quickly as he earned it. He announced his retirement after the bout. Other financial losses came from Evander Holyfield's home life. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. "I used to be foolish, but I ain't foolish no more.". His record: 15-40-3, 1 KO. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. Evander Holyfield is one of those fighters. 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 spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. 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. 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. The property is located in Atlanta, Georgia and priced at $5.8 million. California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. How Much Did Evander Holyfield Pay For His House. football player for Diego Juniors FC. 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The cost includes unlimited replays for all fights in the event until Dec. 11, so . Evander Holyfield spent a huge portion of his fortune building a mansion only to be left with no funds to maintain it. Dan Rafael (@DanRafael1) September 12, 2021. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. 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. That's what a tough chin and hard hands will get you. "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). Given the FAC's decision, Holyfield has completed this evaluation. 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.. When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. His then-18-year-old daughter sued him for $300,000 of it. Copyright 2023 Endgame360 Inc. All Rights Reserved. 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 . At his peak, Evander Holyfield had a reported net worth of $200 million. Evander Holyfield in his prime was a massive draw in boxing. 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. 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. I know all the things that's necessary to be safe. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. 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. That was Belfort's fourth loss in six Octagon appearances. "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. Does Rick Ross own a multi-million dollar mansion in Georgia? There is no reason why we cannot achieve this, according to 36-year-old Andy. However, it's not a foregone conclusion this will be an official bout. he failed to pay back more than a half . 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. 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. The boxing career of Evander Holyfield was reborn after his release from prison. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. Rapper Rick Ross purchased the home in 2014. 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. Email: jorge@brobible.com. 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 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. "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. 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.. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. . Holyfield took out a mortgage for $14 million on the home. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. A landscaping company sued him for $550,000 for unpaid services. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. Stop the dumbass TMZ headlines please! "I've had no money to pay lawyers and had to fight on my own in court and that ain't easy." def. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. 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. TV News / Jon Galt. 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