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 apparently got paid very well for his two minutes inside the ring against Vitor Belfort. It remains to be seen how safe it is for a 58-year-old to compete. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. 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. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . Holyfield reportedly spent an additional $1.5 million on furnishings and decor for the home. 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. A landscaping company sued him for $550,000 for unpaid services. 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? 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 event never happened, leading to a contractual dispute between Holyfield and Triller. Evander Holyfield in his prime was a massive draw in boxing. Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. football player for Diego Juniors FC. 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. 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. 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. The $230m he earned over a. 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. Alejandro Avila 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. "I used to be foolish, but I ain't foolish no more.". At his peak, Evander Holyfield had a reported net worth of $200 million. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. Evander Holyfield is one of the greats of the boxing world. 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. by Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. A post shared by Evander Holyfield (@evanderholyfield). According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. "You are absolutely right," Holyfield said. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. 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. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. 2.6K. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Holyfield also committed to paying for his three childrens private educations as a personal commitment. 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. Silva upset Julio Cesar Chavez Jr. this summer in Mexico, and now fights Ortiz, who will be making his boxing debut. ET. Plus-3 to plus-4 is considered High Risk Category "C." Category "A" (+7-+9) and "B" (+5-+6) are for fighters who are considered to be an even greater risk. However, it's not a foregone conclusion this will be an official bout. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. Stop the dumbass TMZ headlines please! Other financial losses came from Evander Holyfield's home life. 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. 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. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. demolished in his fight against the former UFC champion which ended in the first round. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. 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. "I've had no money to pay lawyers and had to fight on my own in court and that ain't easy." Evander Holyfields net worth has been reduced by half as a result of his mortgage default. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. 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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. He finished his career at 53 years old with five losses in his final seven bouts. More so, he's still chasing a lucrative third fight with Tyson. Videos by OutKick. The boxing career of Evander Holyfield was reborn after his release from prison. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. 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. 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. More families mean more money, and Holyfield has several families. Peek inside this epic slice of superstar real estate. Fighting Lopez creates a better opportunity for Taylor, but can he beat him? 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. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. 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. He announced his retirement after the bout. 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. 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. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. Given the FAC's decision, Holyfield has completed this evaluation. 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 go down in history as the boxer that dethroned Mike Tyson. Rodriguez said Holyfield was let down by the people around him during his fighting days. 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 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. There is no reason why we cannot achieve this, according to 36-year-old Andy. He had to. In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. 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. In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. A Division of NBCUniversal. Published: January 6 2014 22:05. He is currently Allan is a semi-professional It reports come after it was found that Oscar De La Hoya has tested positive for . 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 . 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. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. def. His total earnings were around half a million dollars, including brand deals. 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. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. At his peak, Evander Holyfield had a reported net worth of $200 million. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. 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. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. 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. 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. Fans are concerned for Evander Holyfield, who seemed to struggle on the ads during the open workouts for the media. arrivals in the venue shortly after 6 p.m.an hour before the pay-per-view broadcast got started. Roman Reigns & Usos Removed From Smackdown? If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. The lawsuit was for a mix of back child support and unpaid maintenance. 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. 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. His final professional fight was on July 14, 1968, at the age of 48. It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. The property, which is located in Atlanta, Georgia, is worth $5.8 million. 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. "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.". Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. It ended up going for half of what he bought it for. The companys purchase of the property is a sign of its commitment to investing in distressed assets. Holyfield threw a left hook and Belfort stepped inside with. 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. The suit threatened Holyfield with jail time if he didn't pay up. Lets dive into his earnings, his expenses, and his personal history to find out. When you examine this particular event, the confusion is even greater. . 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 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. 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. TMZ.com. Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. 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. But his enormous mansion turned out to be a much larger drain on his resources. 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. 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. What happened? 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 . 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. Today that would be about $52,400,000. "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. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. Yes, Holyfield is 58. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. 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. 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.. 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. Holyfield has 11 children from five different mothers, according to the Independent. His total earnings were around half a million dollars, including brand deals. "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. 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. The property is located in Atlanta, Georgia and priced at $5.8 million. In 1998, the first world heavyweight title was awarded. He lost the title to Mike Tyson in a second fight after winning it the first time. 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