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. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. Vitor Belforts Professional Boxing Record: Has He Boxed Before? 9/9/2021 1:00 AM PT. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. TV News / Jon Galt. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. Evander Holyfield sold his 109-room Georgia mansion to Rick Ross for $5.7 million, which is the largest single-family home in Georgia and sits on 235 acres. 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. And he seems happy again. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. "At least I'm fighting somebody that I know I can protect myself [against]. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. 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. ", "It's kind of hard to turn down a big sum of something when you know you can do it. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. 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.. "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). The property, which is located in Atlanta, Georgia, is worth $5.8 million. In the first round, Tyson defeated him. Smith received cash and property from the 2012 divorce, including child and spousal support. "I used to be foolish, but I ain't foolish no more.". When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. 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 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 the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. Holyfield didn't . According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. And keeping such a massive space with so many amenities had many extra costs. Full Spectrum Services LLP 2022 | All Rights Reserved. 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. 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, who retired from boxing in 2000, is now focused on his property and training business. Evander Holyfield is one of the greats of the boxing world. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . . His record: 15-40-3, 1 KO. However, Holyfield-Belfort will be staged at the Hard Rock in Hollywood, Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic Commission refused to license the 58-year-old. However, he lost all his money almost as quickly as he earned it. 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. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . Rumor has it that the larger-than-life hip-hop icon and MayBach Music founder has made a massive buy in Georgia, buying up a ridiculous 44,234-square-foot mansion built for and previously owned by boxing legend Evander Holyfield. "When you don't have others looking out for you, everybody's taking something for themself. 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. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. The estate is located on 235 acres of land and has 109 rooms, 12 of which are bedrooms and 21 of which are bathrooms, making it the largest single-family home in Georgia. His expenses kept his net worth somewhat depressed despite all that revenue. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. But why fight at all if you're Holyfield? In July of 1988 . 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. He defaulted on his mortgage at exactly the wrong time. 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. Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. 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.. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. 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. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. 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. Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. A passionate learner in the world of professional writing, and an ardent Manchester United fan. Allan is a semi-professional 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. They did not release the earnings of these boxers to the public. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. In 1998, the first world heavyweight title was awarded. 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, it's not a foregone conclusion this will be an official bout. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. 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 fight will be contested over eight, two-minute rounds with 12-ounce gloves. That's what a tough chin and hard hands will get you. 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. He ended up selling his mansion for less than half the amount he bought it for. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. There is no reason why we cannot achieve this, according to 36-year-old Andy. 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. How did Evander Holyfield lose his house . Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. 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. 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. 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. Stop the dumbass TMZ headlines please! Florida, on the other hand, saw no issue. Sign up for free newsletters and get more CNBC delivered to your inbox. For one, he's making multiple millions, sources told ESPN. Rapper Rick Ross purchased the home in 2014. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. And he seems happy again. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. 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. Indeed, Belfort is a 44-year-old who has had only one pro boxing match. The true price was even higher, however. 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. 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. His liabilities from his period bloomed into various directions as his creditors came knocking. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. However, he lost all his money almost as quickly as he earned it. The suit threatened Holyfield with jail time if he didn't pay up. It remains to be seen how safe it is for a 58-year-old to compete. 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. 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? His then-18-year-old daughter sued him for $300,000 of it. 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. Even recouping proved to be a financial loss. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. 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. Holyfield also committed to paying for his three childrens private educations as a personal commitment. 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. 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. Rodriguez said Holyfield was let down by the people around him during his fighting days. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. 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 . 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. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. One of his six sons is Elijah Esaias Holyfield, a footballerrepresenting the Carolina Panthers in the NFL. 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. Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. The boxing career of Evander Holyfield has been marked by highs and lows. Both fighters also weren't supposed to push for a knockout. But today, he only holds a small fraction of his former net worth. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. Fans are concerned for Evander Holyfield, who seemed to struggle on the ads during the open workouts for the media. He announced his retirement after the bout. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. It was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. When Holyfield went broke in 2012, he owed about $500,000 in child support. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. His total earnings were around half a million dollars, including brand deals. Holyfield will step into the ring after more than a decade of inactivity. Yes, Holyfield is 58. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. 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. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. With lawsuits and penalties to the IRS, Holyfields net worth drastically dropped until it stabilized at around $500,000. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. 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. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. Basically, the boxer had more kids and ex-wives than he could reasonably afford. Allan Binoy is a Combat Sports Author at EssentiallySports. The cost includes unlimited replays for all fights in the event until Dec. 11, so . . Peek inside this epic slice of superstar real estate. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. The whole thing's about protection. A Division of NBCUniversal. And yes, this will be his first fight since he defeated Brian Nielsen in 2011, capping one of the greatest in-ring careers of all time. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. 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. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. June 6, 2021, 5:50 pmupdated June 7, 2021, 6:18 am First, an ongoing divorce settlement wrapped up after he bought his home. Mike Tyson chomps on the ear of Evander Holyfield in the third round of their WBA heavyweight bout in Las Vegas in 1997. 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. demolished in his fight against the former UFC champion which ended in the first round. Was it worth his pride? 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. In total, Holyfield married three women and was divorced twice. 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. I know all the things that's necessary to be safe. foot guest house, a 12-stall barn, and a five-acre lake. Holyfield reportedly spent an additional $1.5 million on furnishings and decor for the home. 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. "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. More families mean more money, and Holyfield has several families. So what does Holyfield say to those who say he shouldn't be fighting at 58? 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. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. 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. 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 . Silva upset Julio Cesar Chavez Jr. this summer in Mexico, and now fights Ortiz, who will be making his boxing debut. football player for Diego Juniors FC. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. 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. 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. "All I know is it's a fight and they got the rules. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. 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. B/R's combat sports team was in the house for "Triller . It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. Email: [email protected]. "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 Tribunesays he dropped most of his cash betting on a variety of different sports. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? After all, the perils of riches lay mostly in how they're spent. The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. Money, of course. "If he had the right team behind him, he would have never lost his fortune.". Outkick is a company that produces videos. The home, which is located in the posh Buckhead neighborhood, is 16,000 square feet and features seven bedrooms, eight bathrooms, and a four-car garage. BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. 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. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Regardless, the Commission will be supervising the fight.". Does Rick Ross own a multi-million dollar mansion in Georgia? How did Evander Holyfield lose all his money? He finished his career at 53 years old with five losses in his final seven bouts. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. 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. The Real Deal took home a bronze medal from the 1984 Olympic Games, won his first junior heavyweight title in '86, and became the undisputed cruiserweight champion in '88. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. 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. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. Videos by OutKick. "All boxers on this card have successfully met all requirements to be licensed by the Florida Athletic Commission," a spokesperson for the commission said. After suffering his first loss in boxing, what now for Jake Paul? 2023 CNBC LLC. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. When you examine this particular event, the confusion is even greater. 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. The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. PrivacyAboutContactAdvertisingHave a News Tip? The divorces were certainly costly, but not nearly as expensive as his obligations to his children. arrivals in the venue shortly after 6 p.m.an hour before the pay-per-view broadcast got started. And that was in 2006, a first-round KO victory in his native Brazil. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. He is currently In 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. 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. READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. 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 was Belfort's fourth loss in six Octagon appearances. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. It reports come after it was found that Oscar De La Hoya has tested positive for . This meant that his per-fight revenue and marketability were extremely high. We want to hear from you. Gambling related content is not intended for anyone under the age of 21. . pursuing a bachelor's degree in English Literature. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. 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. He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. by In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. The $230m he earned over a. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. At his peak, Evander Holyfield had a reported net worth of $200 million. All Rights Reserved. In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. I do what I have to do.".