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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. I know all the things that's necessary to be safe. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. 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. "When you don't have others looking out for you, everybody's taking something for themself. "I used to be foolish, but I ain't foolish no more.". First, an ongoing divorce settlement wrapped up after he bought his home. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. The Reason Evander Holyfield Lost His Money. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. It ended up going for half of what he bought it for. He had to. "Man, they were stealing, just stealing, stealing.". 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. Vitor Belfort stops Evander Holyfield in first, calls out Jake Paul for 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. Evander Holyfield vs. Vitor Belfort: Preview, fight prediction, picks Peek inside this epic slice of superstar real estate. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. 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. A passionate learner in the world of professional writing, and an ardent Manchester United fan. 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 companys purchase of the Holyfield property shows its commitment to investing in distressed assets. His expenses kept his net worth somewhat depressed despite all that revenue. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. Get this delivered to your inbox, and more info about our products and services. In July of 1988 . Silva upset Julio Cesar Chavez Jr. this summer in Mexico, and now fights Ortiz, who will be making his boxing debut. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. demolished in his fight against the former UFC champion which ended in the first round. 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. However, it's not a foregone conclusion this will be an official bout. In the first round, Tyson defeated him. In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. His career took off after he won the IBF world title in 1996. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. "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. Even recouping proved to be a financial loss. 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. "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. Tour Evander Holyfield's Former Mansion - HGTV His record: 15-40-3, 1 KO. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. 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"If Holyfield doesn't want this to go on his BoxRec due to his age, we'll allow him to make the decision and still follow all the other rules," Triller co-founder Ryan Kavanaugh told ESPN. The boxing career of Evander Holyfield was reborn after his release from prison. Email: jorge@brobible.com. "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.". Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. Evander Holyfield's Net Worth in 2021: Is He Still Rich? 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. 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. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. 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. Jorge is a Miami native and lifelong Heat fan. "We have approved this as a full pro bout," the commission said. "All I know is it's a fight and they got the rules. "I've had no money to pay lawyers and had to fight on my own in court and that ain't easy." The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. How did Evander Holyfield lose his house . What happened? He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. foot guest house, a 12-stall barn, and a five-acre lake. Evander Holyfield is one of the greats of the boxing world. 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 Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. 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 . Holyfield also went through three divorces. How Rick Ross' $5.8 Million 'Coming to America' Mansion Is Paying For When they were set to fight in Los Angeles on the same date, the fight was an exhibition. 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. 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. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. 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. So, what does Rosss new home have to offer? The cost includes unlimited replays for all fights in the event until Dec. 11, so . He lost the title to Mike Tyson in a second fight after winning it the first time. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. After the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. Lets dive into his earnings, his expenses, and his personal history to find out. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. 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. Rodriguez said Holyfield was let down by the people around him during his fighting days. Evander Holyfield is one of those fighters. In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. 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. 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. However, he lost all his money almost as quickly as he earned it. "All boxers on this card have successfully met all requirements to be licensed by the Florida Athletic Commission," a spokesperson for the commission said. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. 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 . 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? Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. And keeping such a massive space with so many amenities had many extra costs. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? 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. 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 . 2.6K. 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. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. He announced his retirement after the bout. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. Copyright 2008-2023 BroBible. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. How did Evander Holyfield lose his house? - Sportskeeda 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. 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. 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. Fighting Lopez creates a better opportunity for Taylor, but can he beat him? Evander Holyfield had to sell 109-room mansion to Rick Ross after It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. The mansion stands at 45,000 square feet and is situated on more than 235 acres. Donald Trump Getting 'Obscene' Amount of Money for Calling Holyfield Fight How did Evander Holyfield lose all his money? Holyfield vs. Belfort fight results: Ex-MMA star knocks out Evander The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. How did Evander Holyfield lose all his money? | News | Fans Share Mayweather's weight limit was 160 pounds; Paul's was 190. In 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. 2023 CNBC LLC. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. Today, his wealth is stabilized at around $500,000. All Rights Reserved. And he seems happy again. Smith received cash and property from the 2012 divorce, including child and spousal support. Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. The property is located in Atlanta, Georgia and priced at $5.8 million. He ended up selling his mansion for less than half the amount he bought it for. 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. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. 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. 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. 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. 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. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. Stop the dumbass TMZ headlines please! It remains to be seen how safe it is for a 58-year-old to compete. ET. But his enormous mansion turned out to be a much larger drain on his resources. Evander Holyfield's Mansion Under Foreclosure - CNBC by 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. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. Copyright 2023 Endgame360 Inc. All Rights Reserved. And with his kids happy, healthy, and doing well in school, Evander Holyfield couldnt be happier with where it all ended up. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. I do what I have to do.". READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. But today, he only holds a small fraction of his former net worth. When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. "You are absolutely right," Holyfield said. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. 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. It was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. How Did Evander Holyfield Lose Over $200 Million of His - Sportscasting 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. Even recouping proved to be a financial loss. . Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. The property is located in Atlanta, Georgia and priced at $5.8 million. June 6, 2021, 5:50 pmupdated June 7, 2021, 6:18 am His total earnings were around half a million dollars, including brand deals. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. football player for Diego Juniors FC. Mike Tyson chomps on the ear of Evander Holyfield in the third round of their WBA heavyweight bout in Las Vegas in 1997. There is no reason why we cannot achieve this, according to 36-year-old Andy. The divorces were certainly costly, but not nearly as expensive as his obligations to his children. . Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. The first thing to know about having a lot of money is there's a lot more money to spend, and former champion Evander Holyfield did a lot of spending. The fight will be contested over eight, two-minute rounds with 12-ounce gloves. 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. def. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. Was it worth his pride? When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. 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. He is currently 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. Rick Ross Buys Insane 109-Room Mansion From Evander Holyfield 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. Evander Holyfield spent a huge portion of his fortune building a mansion only to be left with no funds to maintain it. 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. Holyfield has 11 children from five different mothers, according to the Independent. Got a confidential news tip? And that was in 2006, a first-round KO victory in his native Brazil. Gambling related content is not intended for anyone under the age of 21. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. Evander Holyfield Paycheck For Belfort Fight Leaks - Wrestling-Edge 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. PrivacyAboutContactAdvertisingHave a News Tip? "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. Indeed, Belfort is a 44-year-old who has had only one pro boxing match. Dan saying Holyfield earned 5-6 million dollars tonight. Evander Holyfield Net Worth | Celebrity Net Worth Everything you need to know about Evander Holyfield vs. Vitor Belfort This meant that his per-fight revenue and marketability were extremely high. The home, which Holyfield lost due to foreclosure a year prior, has a. 3 Comments. That was Belfort's fourth loss in six Octagon appearances. 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. After all, the perils of riches lay mostly in how they're spent. At his peak, Evander Holyfield had a reported net worth of $200 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. Yes, Holyfield is 58. The $230m he earned over a. Holyfield will step into the ring after more than a decade of inactivity. Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. Lets go inside Rick Ross stunning home in New York. The Five Biggest Boxing Pay Days In History - Money Inc Evander Holyfield by TKO, 1: . Everything you need to know about Evander Holyfield vs. Vitor Belfort, The triumph of Michael B. Jordan and Jonathan Majors in Creed III. Data is a real-time snapshot *Data is delayed at least 15 minutes.
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