. 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. Copyright 2008-2023 BroBible. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. "At least I'm fighting somebody that I know I can protect myself [against]. But why fight at all if you're Holyfield? Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. At Evander Holyfields absolute peak and accounting for spending, he was likely worth just over $200 million total at his peak according to Networth Buzz. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. 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.. When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. Everything you need to know about Evander Holyfield vs. Vitor Belfort, The triumph of Michael B. Jordan and Jonathan Majors in Creed III. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . 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. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. Tour Evander Holyfield's Former Mansion. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. Roman Reigns & Usos Removed From Smackdown? On its 235-acre grounds is a handball court, a softball field, a tennis court, a seven-stall barn, and a 350,000-gallon pool billed as one of the largest in the nation. Does Rick Ross own a multi-million dollar mansion in Georgia? 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. 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. Even recouping proved to be a financial loss. by Women's boxing pound-for-pound rankings: Did Baumgardner do enough to overtake Serrano? 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. Evander Holyfield in his prime was a massive draw in boxing. At his peak, Evander Holyfield had a reported net worth of $200 million. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. 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. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. 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. 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. The boxing career of Evander Holyfield has been marked by highs and lows. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. The pay-per-view begins at 8 p.m. 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. Florida, on the other hand, saw no issue. Stop the dumbass TMZ headlines please! Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. However, he lost all his money almost as quickly as he earned it. 2.6K. 2023 CNBC LLC. "You are absolutely right," Holyfield said. 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 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. Lets dive into his earnings, his expenses, and his personal history to find out. Fighting Lopez creates a better opportunity for Taylor, but can he beat him? 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. "If he had the right team behind him, he would have never lost his fortune.". 9/9/2021 1:00 AM PT. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. Today that would be about $52,400,000. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Smith received cash and property from the 2012 divorce, including child and spousal support. A post shared by Evander Holyfield (@evanderholyfield). 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. "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.". Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. Outkick is a company that produces videos. However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. He defaulted on his mortgage at exactly the wrong time. 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. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. He is currently The event never happened, leading to a contractual dispute between Holyfield and Triller. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. 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. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. They did not release the earnings of these boxers to the public. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. When you examine this particular event, the confusion is even greater. 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. 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Football, basketball, boxing, it didn't matter. The child support is really where the boxer's family debt began to get out of hand. demolished in his fight against the former UFC champion which ended in the first round. TV News / Jon Galt. The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. 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. More so, he's still chasing a lucrative third fight with Tyson. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. 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 by TKO, 1: . Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. 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. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. In this new world of novelty boxing matches that's Wild Wild West even by boxing standards, there's a lot of confusion when it comes to these matters. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. The property, which is located in Atlanta, Georgia, is worth $5.8 million. 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. His liabilities from his period bloomed into various directions as his creditors came knocking. "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. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Other financial losses came from Evander Holyfield's home life. Holyfield threw a left hook and Belfort stepped inside with. 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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. Only he knows. When Holyfield went broke in 2012, he owed about $500,000 in child support. There is no reason why we cannot achieve this, according to 36-year-old Andy. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. Both fighters also weren't supposed to push for a knockout. Rapper Rick Ross purchased the home in 2014. 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. 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. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. Regardless, the Commission will be supervising the fight.". With lawsuits and penalties to the IRS, Holyfields net worth drastically dropped until it stabilized at around $500,000. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. "I've had no money to pay lawyers and had to fight on my own in court and that ain't easy." However, he lost all his money almost as quickly as he earned it. 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. 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. In addition to sheer square footage, the hip-hop haven known as Villa Vittoriosa (meaning The Victory) weighs in with 109 rooms, 12 bedrooms, and 21 bathrooms. What happened? BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. At his peak, Evander Holyfield had a reported net worth of $200 million. 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. Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. 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. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. He finished his career at 53 years old with five losses in his final seven bouts. 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. 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. 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? Mansion has been the ideal location for two movies, Superfly and Coming 2 America. The $230m he earned over a. I know all the things that's necessary to be safe. 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. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. Data is a real-time snapshot *Data is delayed at least 15 minutes. The property includes a basketball court, a tennis court, a gym, a pool and a home theater. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. This upkeep accounted for an additional $1 million in expenses every year. Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. Evander Holyfield spent a huge portion of his fortune building a mansion only to be left with no funds to maintain it. His total earnings were around half a million dollars, including brand deals. Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. 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In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. pursuing a bachelor's degree in English Literature. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. Holyfield reportedly spent an additional $1.5 million on furnishings and decor for the home. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. 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 enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. Get the Daily OutKick and get smarter every day. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. . So what does Holyfield say to those who say he shouldn't be fighting at 58? Alejandro Avila 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. 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. 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 final professional fight was on July 14, 1968, at the age of 48. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . But after retirement, athletes across all sports regularly end up in financially compromised situations. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. The divorces were certainly costly, but not nearly as expensive as his obligations to his children. But today, he only holds a small fraction of his former net worth. Vitor Belforts Professional Boxing Record: Has He Boxed Before? Global Business and Financial News, Stock Quotes, and Market Data and Analysis. "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. It reports come after it was found that Oscar De La Hoya has tested positive for . 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. 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 July of 1988 . Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. 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. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. Was it worth his pride? In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. That's what a tough chin and hard hands will get you. 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His expenses kept his net worth somewhat depressed despite all that revenue. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. But his enormous mansion turned out to be a much larger drain on his resources. "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.". 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. A Division of NBCUniversal. During his career Holyfield earned an estimated $230 million in. Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. 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? The companys purchase of the property is a sign of its commitment to investing in distressed assets. Rodriguez said Holyfield was let down by the people around him during his fighting days. Allan is a semi-professional 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. The folks at Redfin have confirmed that rapper Rick Ross has purchased the monstrous former Fayetteville home of boxer Evander "Real Deal" Holyfield and that he got it for a relative steal . 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. It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. Today, his wealth is stabilized at around $500,000. The home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Email: jorge@brobible.com. First, an ongoing divorce settlement wrapped up after he bought his home. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. ", "It's kind of hard to turn down a big sum of something when you know you can do it. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. By: Holly Aguirre. 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. 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. The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. Basically, the boxer had more kids and ex-wives than he could reasonably afford. Holyfield will step into the ring after more than a decade of inactivity. And that was in 2006, a first-round KO victory in his native Brazil. 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.