3 Comments. Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. Copyright 2023 Endgame360 Inc. All Rights Reserved. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. A dedicated pro wrestling follower for more than a decade who feels fortunate to express the love for the art through writing. When Holyfield went broke in 2012, he owed about $500,000 in child support. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. I do what I have to do.". Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. His liabilities from his period bloomed into various directions as his creditors came knocking. However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. His total earnings were around half a million dollars, including brand deals. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. 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. 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. We want to hear from you. In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. 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. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. 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. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. The $230m he earned over a. Holyfield also committed to paying for his three childrens private educations as a personal commitment. 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. His career took off after he won the IBF world title in 1996. A landscaping company sued him for $550,000 for unpaid services. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. "If he had the right team behind him, he would have never lost his fortune.". A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. B/R's combat sports team was in the house for "Triller . The boxing career of Evander Holyfield has been marked by highs and lows. Dan saying Holyfield earned 5-6 million dollars tonight. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. Vitor Belforts Professional Boxing Record: Has He Boxed Before? 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. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. Evander Holyfield's loss is Rick Ross' gain. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. Other financial losses came from Evander Holyfield's home life. "When you don't have others looking out for you, everybody's taking something for themself. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. 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. ET. Even recouping proved to be a financial loss. At Evander Holyfield's absolute peak and accounting for spending, he was likely worth just over $200 million total at his peak according to Networth Buzz. he failed to pay back more than a half . "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. Given the FAC's decision, Holyfield has completed this evaluation. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. And he seems happy again. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. Jorge is a Miami native and lifelong Heat fan. So, what does Rosss new home have to offer? Everything you need to know about Evander Holyfield vs. Vitor Belfort, The triumph of Michael B. Jordan and Jonathan Majors in Creed III. He defaulted on his mortgage at exactly the wrong time. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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 . The suit threatened Holyfield with jail time if he didn't pay up. pursuing a bachelor's degree in English Literature. During his career Holyfield earned an estimated $230 million in. . 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. This meant that his per-fight revenue and marketability were extremely high. Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. 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. 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. But today, he only holds a small fraction of his former net worth. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. 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. He lost the title to Mike Tyson in a second fight after winning it the first time. The home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. His then-18-year-old daughter sued him for $300,000 of it. When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. 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. With lawsuits and penalties to the IRS, Holyfields net worth drastically dropped until it stabilized at around $500,000. 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. 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. "We have approved this as a full pro bout," the commission said. The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. He recently fought Mike Tyson back in May 2021, and now the 58-year-old Holyfield will be returning to the ring once more to defy age and deliver more knockouts. However, he lost all his money almost as quickly as he earned it. He ended up selling his mansion for less than half the amount he bought it for. However, it's not a foregone conclusion this will be an official bout. 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. 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. Email: jorge@brobible.com. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. 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. Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. 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? Alejandro Avila After all, the perils of riches lay mostly in how they're spent. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. 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. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. 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. It remains to be seen how safe it is for a 58-year-old to compete. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? 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. Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. Evander Holyfield is one of those fighters. 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. The property is located in Atlanta, Georgia and priced at $5.8 million. 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. 2023 CNBC LLC. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. When you examine this particular event, the confusion is even greater. When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. 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. And with his kids happy, healthy, and doing well in school, Evander Holyfield couldnt be happier with where it all ended up. 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. TV News / Jon Galt. 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 . Mayweather's weight limit was 160 pounds; Paul's was 190. His expenses kept his net worth somewhat depressed despite all that revenue. His record: 15-40-3, 1 KO. 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. In the first round, Tyson defeated him. 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.
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