Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. 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. The divorces were certainly costly, but not nearly as expensive as his obligations to his children. 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. 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. In the first round, Tyson defeated him. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. foot guest house, a 12-stall barn, and a five-acre lake. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 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. 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. A dedicated pro wrestling follower for more than a decade who feels fortunate to express the love for the art through writing. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. And that was in 2006, a first-round KO victory in his native Brazil. ", "It's kind of hard to turn down a big sum of something when you know you can do it. 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. "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. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. Tour Evander Holyfield's Former Mansion. Dan Rafael (@DanRafael1) September 12, 2021. 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. 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. How did Evander Holyfield lose his house . Given the FAC's decision, Holyfield has completed this evaluation. He announced his retirement after the bout. In 1998, the first world heavyweight title was awarded. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. For one, he's making multiple millions, sources told ESPN. California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. 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 was Belfort's fourth loss in six Octagon appearances. 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. In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. He is currently TMZ.com. TV News / Jon Galt. 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. 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. 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. He defaulted on his mortgage at exactly the wrong time. The boxing career of Evander Holyfield was reborn after his release from prison. "All I know is it's a fight and they got the rules. 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 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. 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. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. Evander Holyfield Paycheck For Belfort Fight Leaks - Wrestling-Edge PrivacyAboutContactAdvertisingHave a News Tip? Women's boxing pound-for-pound rankings: Did Baumgardner do enough to overtake Serrano? In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. Then De La Hoya contracted COVID just days before his fight with Belfort, opening the door for Holyfield to step in, solving two issues at once. def. It reports come after it was found that Oscar De La Hoya has tested positive for . How did Evander Holyfield lose all his money? 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. Copyright 2008-2023 BroBible. 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. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. His final professional fight was on July 14, 1968, at the age of 48. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. Holyfield has 11 children from five different mothers, according to the Independent. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. "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.". His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. 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. Jorge is a Miami native and lifelong Heat fan. His career took off after he won the IBF world title in 1996. The pay-per-view begins at 8 p.m. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. Copyright 2023 Endgame360 Inc. All Rights Reserved. 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How Did Evander Holyfield Lose Over $200 Million of His - Sportscasting https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. 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. The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. Today, his wealth is stabilized at around $500,000. "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. More so, he's still chasing a lucrative third fight with Tyson. 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. A landscaping company sued him for $550,000 for unpaid services. 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. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. Does Rick Ross own a multi-million dollar mansion in Georgia? Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. Rapper Rick Ross purchased the home in 2014. But why fight at all if you're Holyfield? The event never happened, leading to a contractual dispute between Holyfield and Triller. How Much Did Evander Holyfield Make For His Boxing Return Against "At least I'm fighting somebody that I know I can protect myself [against]. 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. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. His then-18-year-old daughter sued him for $300,000 of it. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. 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. Get this delivered to your inbox, and more info about our products and services. His record: 15-40-3, 1 KO. arrivals in the venue shortly after 6 p.m.an hour before the pay-per-view broadcast got started. Lets dive into his earnings, his expenses, and his personal history to find out. How Much Did Evander Holyfield Pay For His House. 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. 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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. 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? "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. 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. 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. Evander Holyfield Net Worth | Celebrity Net Worth Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. At his peak, Evander Holyfield had a reported net worth of $200 million. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. "I've had no money to pay lawyers and had to fight on my own in court and that ain't easy." Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Evander Holyfield is one of those fighters. 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.. Allan is a semi-professional The cost includes unlimited replays for all fights in the event until Dec. 11, so . Peek inside this epic slice of superstar real estate. football player for Diego Juniors FC. 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 was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. 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A Division of NBCUniversal. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. Mike Tyson chomps on the ear of Evander Holyfield in the third round of their WBA heavyweight bout in Las Vegas in 1997. READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. 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 . pursuing a bachelor's degree in English Literature. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. The home, which Holyfield lost due to foreclosure a year prior, has a. "All boxers on this card have successfully met all requirements to be licensed by the Florida Athletic Commission," a spokesperson for the commission said. 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. 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 . Holyfield's Heavyweight Manse Sells For Measly $5.8M Donald Trump Getting 'Obscene' Amount of Money for Calling Holyfield Fight Yes, Holyfield is 58. 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. He had to. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. Holyfield also committed to paying for his three childrens private educations as a personal commitment. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. The lawsuit was for a mix of back child support and unpaid maintenance. Smith received cash and property from the 2012 divorce, including child and spousal support. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. 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.. It was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. Evander Holyfield Apparently Made $5-6 Million For Getting - BroBible I do what I have to do.". And he seems happy again. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. Tour Evander Holyfield's Former Mansion - HGTV Holyfield vs. Belfort PPV Price: How Much Does The Fight Cost? A passionate learner in the world of professional writing, and an ardent Manchester United fan. Money, of course. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. The fight will be contested over eight, two-minute rounds with 12-ounce gloves. 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. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. Published: January 6 2014 22:05. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. Evander Holyfield vs. Vitor Belfort: Preview, fight prediction, picks BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. The property is located in Atlanta, Georgia and priced at $5.8 million. The child support is really where the boxer's family debt began to get out of hand. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. 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. Fans are concerned for Evander Holyfield, who seemed to struggle on the ads during the open workouts for the media. Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. The House That Evander Holyfield Built - Cotswold-Homes 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. Get the Daily OutKick and get smarter every day. After suffering his first loss in boxing, what now for Jake Paul? Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. Evander Holyfield's Mansion Under Foreclosure - CNBC One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram.