Evander Holyfield in his prime was a massive draw in boxing. In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. Gambling related content is not intended for anyone under the age of 21. The mansion stands at 45,000 square feet and is situated on more than 235 acres. 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. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. 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. 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. 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. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. 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. However, he lost all his money almost as quickly as he earned it. 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. A Division of NBCUniversal. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. The mansion has been among the sources of the boxer's. (via @OmarESPN) pic.twitter.com/wlR89gCjJC, ESPN Ringside (@ESPNRingside) September 12, 2021. TMZ.com. 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. A passionate learner in the world of professional writing, and an ardent Manchester United fan. The boxing career of Evander Holyfield has been marked by highs and lows. However, it's not a foregone conclusion this will be an official bout. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. Was it worth his pride? "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. The boxing career of Evander Holyfield was reborn after his release from prison. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. 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. 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 whole thing's about protection. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. 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. 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. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. 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. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. Rapper Rick Ross purchased the home in 2014. 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. "If he had the right team behind him, he would have never lost his fortune.". For one, he's making multiple millions, sources told ESPN. 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. He lost the title to Mike Tyson in a second fight after winning it the first time. At his peak, Evander Holyfield had a reported net worth of $200 million. And yes, this will be his first fight since he defeated Brian Nielsen in 2011, capping one of the greatest in-ring careers of all time. ET. PrivacyAboutContactAdvertisingHave a News Tip? "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.". On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. 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. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. "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. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. 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. Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. Today that would be about $52,400,000. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. Even recouping proved to be a financial loss. This upkeep accounted for an additional $1 million in expenses every year. 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. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. 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 is one of heavyweight boxings greats; He made around $230m during . A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. 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. 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. The estate is located on 235 acres of land and has 109 rooms, 12 of which are bedrooms and 21 of which are bathrooms, making it the largest single-family home in Georgia. So what does Holyfield say to those who say he shouldn't be fighting at 58? Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. However, he lost all his money almost as quickly as he earned it. 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. How Much Did Evander Holyfield Pay For His House. In total, Holyfield married three women and was divorced twice. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. Get the Daily OutKick and get smarter every day. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. When you examine this particular event, the confusion is even greater. He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. 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. Roman Reigns & Usos Removed From Smackdown? 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. . by 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. Evander Holyfield is one of those fighters. His liabilities from his period bloomed into various directions as his creditors came knocking. Holyfield also went through three divorces. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. 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 is currently Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. 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 also committed to paying for the private education of all three of his children. 2.6K. Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. Everything you need to know about Evander Holyfield vs. Vitor Belfort, The triumph of Michael B. Jordan and Jonathan Majors in Creed III. Does Rick Ross own a multi-million dollar mansion in Georgia? Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. Tour Evander Holyfield's Former Mansion. In the first round, Tyson defeated him. pursuing a bachelor's degree in English Literature. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. 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? "When you don't have others looking out for you, everybody's taking something for themself. Dan saying Holyfield earned 5-6 million dollars tonight. The suit threatened Holyfield with jail time if he didn't pay up. After all, the perils of riches lay mostly in how they're spent. The property includes a basketball court, a tennis court, a gym, a pool and a home theater. The divorces were certainly costly, but not nearly as expensive as his obligations to his children. Evander Holyfield, a world boxing champion and the greatest boxer of all time, has sold a 109-room mansion to Dade Countys most famous rapper, Rick Ross. I know all the things that's necessary to be safe. His then-18-year-old daughter sued him for $300,000 of it. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". 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. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. "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.". He ended up selling his mansion for less than half the amount he bought it for. "Dealing with all the mothers of all my kids there ain't no winning here, man, no winning at all," Holyfield said in 2012 (found via the Independent). The fight will be contested over eight, two-minute rounds with 12-ounce gloves. As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. 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. First, an ongoing divorce settlement wrapped up after he bought his home. The home, which Holyfield lost due to foreclosure a year prior, has a. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. A post shared by Evander Holyfield (@evanderholyfield). I do what I have to do.". He had to. During his career Holyfield earned an estimated $230 million in. "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. Allan Binoy is a Combat Sports Author at EssentiallySports. Lets go inside Rick Ross stunning home in New York. The pay-per-view begins at 8 p.m. 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. BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. he's bragging about making an outrageous amount of cash for the gig, and his deal has a . 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. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. 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. 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. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. 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. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. But today, he only holds a small fraction of his former net worth. The $230m he earned over a. Stop the dumbass TMZ headlines please! Copyright 2023 Endgame360 Inc. All Rights Reserved. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. Allan is a semi-professional 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. 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. This meant that his per-fight revenue and marketability were extremely high. After the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. The $230m he earned over a. foot guest house, a 12-stall barn, and a five-acre lake. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. 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. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. 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. demolished in his fight against the former UFC champion which ended in the first round. Lets dive into his earnings, his expenses, and his personal history to find out. 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.