The fight will be contested over eight, two-minute rounds with 12-ounce gloves. It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. Lets go inside Rick Ross stunning home in New York. 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. Fans are concerned for Evander Holyfield, who seemed to struggle on the ads during the open workouts for the media. 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. 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. 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. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. 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. One of his six sons is Elijah Esaias Holyfield, a footballerrepresenting the Carolina Panthers in the NFL. During his career Holyfield earned an estimated $230 million in. "All I know is it's a fight and they got the rules. Holyfield threw a left hook and Belfort stepped inside with. 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Holyfieldcontinues to earn around $100,000 per month through personal appearances but that vast wealth vanished through reckless spending, bad business deals and even worse financial advice, news.com.au reported. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. "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. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. Smith received cash and property from the 2012 divorce, including child and spousal support. . Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. 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. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. However, he lost all his money almost as quickly as he earned it. I know all the things that's necessary to be safe. Get this delivered to your inbox, and more info about our products and services. A dedicated pro wrestling follower for more than a decade who feels fortunate to express the love for the art through writing. In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. It ended up going for half of what he bought it for. 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. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. Allan Binoy is a Combat Sports Author at EssentiallySports. 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. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. For one, he's making multiple millions, sources told ESPN. In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. Sign up for free newsletters and get more CNBC delivered to your inbox. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". 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. Published: January 6 2014 22:05. 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 . Today, his wealth is stabilized at around $500,000. A passionate learner in the world of professional writing, and an ardent Manchester United fan. 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. 3 Comments. When you examine this particular event, the confusion is even greater. First, an ongoing divorce settlement wrapped up after he bought his home. A Division of NBCUniversal. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. 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.. 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 boxing career of Evander Holyfield was reborn after his release from prison. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. His final professional fight was on July 14, 1968, at the age of 48. 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. Even recouping proved to be a financial loss. His total earnings were around half a million dollars, including brand deals. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. Football, basketball, boxing, it didn't matter. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. Yes, Holyfield is 58. Does Rick Ross own a multi-million dollar mansion in Georgia? BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. 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. Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. 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. Today that would be about $52,400,000. 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. 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. 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.. The property is located in Atlanta, Georgia and priced at $5.8 million. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. Evander Holyfield's loss is Rick Ross' gain. Email: jorge@brobible.com. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. 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. Silva upset Julio Cesar Chavez Jr. this summer in Mexico, and now fights Ortiz, who will be making his boxing debut. Evander Holyfield by TKO, 1: . When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. 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? 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. Holyfield also went through three divorces. Evander Holyfield is one of those fighters. def. "If he had the right team behind him, he would have never lost his fortune.". Florida, on the other hand, saw no issue. The cost includes unlimited replays for all fights in the event until Dec. 11, so . 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. Oscar de la Hoya Sad Hospitalization Video Leaks. 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. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. Rodriguez said Holyfield was let down by the people around him during his fighting days. The suit threatened Holyfield with jail time if he didn't pay up. Holyfield reportedly spent an additional $1.5 million on furnishings and decor for the home. He lost the title to Mike Tyson in a second fight after winning it the first time. The mansion has been among the sources of the boxer's. Allan is a semi-professional 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. 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. That was Belfort's fourth loss in six Octagon appearances. How did Evander Holyfield lose all his money? Jorge is a Miami native and lifelong Heat fan. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. 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. His career took off after he won the IBF world title in 1996. The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. "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. He defaulted on his mortgage at exactly the wrong time. But his enormous mansion turned out to be a much larger drain on his resources. Round-by-Round coverage: How Tommy Fury vs. Jake Paul played out, Inside the creation of Jake Paul's 'Stardust Warriors' trunks, Women's boxing divisional rankings: Thorslund, Fundora solidify spots after dominant performances, Divisional rankings: Matias, Jack make big moves after impressive wins. "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.". At his peak, Evander Holyfield had a reported net worth of $200 million. 2023 CNBC LLC. Vitor Belforts Professional Boxing Record: Has He Boxed Before? We want to hear from you. 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 enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. In 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. And he seems happy again. The mansion stands at 45,000 square feet and is situated on more than 235 acres. 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. They did not release the earnings of these boxers to the public. His then-18-year-old daughter sued him for $300,000 of it. The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. When Holyfield went broke in 2012, he owed about $500,000 in child support. TV News / Jon Galt. Women's boxing pound-for-pound rankings: Did Baumgardner do enough to overtake Serrano? Stop the dumbass TMZ headlines please! But why fight at all if you're Holyfield? His total earnings were around half a million dollars, including brand deals. How Much Did Evander Holyfield Pay For His House. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. "All boxers on this card have successfully met all requirements to be licensed by the Florida Athletic Commission," a spokesperson for the commission said. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. 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 . The divorces were certainly costly, but not nearly as expensive as his obligations to his children. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. All Rights Reserved. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. 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. 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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. However, he lost all his money almost as quickly as he earned it. Regardless, the Commission will be supervising the fight.". And he seems happy again. Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. . When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. Given the FAC's decision, Holyfield has completed this evaluation. READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. 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. 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? That's what a tough chin and hard hands will get you. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. The $230m he earned over a. 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. Full Spectrum Services LLP 2022 | All Rights Reserved. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. The $230m he earned over a. he's bragging about making an outrageous amount of cash for the gig, and his deal has a . Rapper Rick Ross purchased the home in 2014. 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. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. pursuing a bachelor's degree in English Literature. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. After all, the perils of riches lay mostly in how they're spent. 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. The Reason Evander Holyfield Lost His Money. Dan saying Holyfield earned 5-6 million dollars tonight. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. 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. It reports come after it was found that Oscar De La Hoya has tested positive for . 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. 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. "At least I'm fighting somebody that I know I can protect myself [against]. PrivacyAboutContactAdvertisingHave a News Tip? Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. ", "It's kind of hard to turn down a big sum of something when you know you can do it. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. 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. In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. And with his kids happy, healthy, and doing well in school, Evander Holyfield couldnt be happier with where it all ended up. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. It was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. 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. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. 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. He announced his retirement after the bout. Lets dive into his earnings, his expenses, and his personal history to find out. TMZ.com. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. 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. His liabilities from his period bloomed into various directions as his creditors came knocking. Got a confidential news tip? In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. But after retirement, athletes across all sports regularly end up in financially compromised situations. Donald Trump is doing way more than calling a fight this weekend . What happened? Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . 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. Roman Reigns & Usos Removed From Smackdown? He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. 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. "When you don't have others looking out for you, everybody's taking something for themself. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. The Biltmore House Americas Largest Private Home, Making The Most Informed Home Purchase: Understanding The Benefits Of Cash Sales And Home Appraisals, A Guide To Accurately Appraising A Home: Tips For Buyers And Sellers, Maximizing Profit When Flipping A House: How Appraisal Value Can Make Or Break A Flip. Copyright 2023 Endgame360 Inc. All Rights Reserved. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. 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. 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. 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. 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. As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in.