However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. 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. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. But why fight at all if you're Holyfield? In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. "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. Everything you need to know about Evander Holyfield vs. Vitor Belfort, The triumph of Michael B. Jordan and Jonathan Majors in Creed III. 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. But after retirement, athletes across all sports regularly end up in financially compromised situations. It remains to be seen how safe it is for a 58-year-old to compete. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. 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. 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. 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 home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. pursuing a bachelor's degree in English Literature. All Rights Reserved. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. A Division of NBCUniversal. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. Roman Reigns & Usos Removed From Smackdown? At his peak, Evander Holyfield had a reported net worth of $200 million. Videos by OutKick. ET. Oscar de la Hoya Sad Hospitalization Video Leaks. What happened? 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. His expenses kept his net worth somewhat depressed despite all that revenue. Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. . 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. Basically, the boxer had more kids and ex-wives than he could reasonably afford. 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 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. Sign up for free newsletters and get more CNBC delivered to your inbox. Dan saying Holyfield earned 5-6 million dollars tonight. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. The boxing career of Evander Holyfield was reborn after his release from prison. The mansion has been among the sources of the boxer's. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. 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. For one, he's making multiple millions, sources told ESPN. "I used to be foolish, but I ain't foolish no more.". 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. 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. 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. Holyfield also went through three divorces. Holyfield will step into the ring after more than a decade of inactivity. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. Rapper Rick Ross purchased the home in 2014. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. Got a confidential news tip? According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. When Holyfield went broke in 2012, he owed about $500,000 in child support. After the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. 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. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. 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. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. Full Spectrum Services LLP 2022 | All Rights Reserved. It ended up going for half of what he bought it for. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. How Much Did Evander Holyfield Pay For His House. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. It reports come after it was found that Oscar De La Hoya has tested positive for . READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. "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. "We have approved this as a full pro bout," the commission said. 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. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. 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. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. Tour Evander Holyfield's Former Mansion. 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. Outkick is a company that produces videos. However, it's not a foregone conclusion this will be an official bout. In the first round, Tyson defeated him. Does Rick Ross own a multi-million dollar mansion in Georgia? 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. football player for Diego Juniors FC. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. At his peak, Evander Holyfield had a reported net worth of $200 million. 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. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. He lost the title to Mike Tyson in a second fight after winning it the first time. 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. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. 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. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. 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 vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. Lets dive into his earnings, his expenses, and his personal history to find out. Gambling related content is not intended for anyone under the age of 21. The property is located in Atlanta, Georgia and priced at $5.8 million. He ended up selling his mansion for less than half the amount he bought it for. The 54,000 square-foot mansion is also the largest in Georgia. The opening bout of the pay-per-view bout is the lone fight that features two world-class boxers: a 130-pound fight between fringe contenders Andy Vences and Jono Carroll. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. Copyright 2008-2023 BroBible. 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. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. 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. Holyfield also committed to paying for his three childrens private educations as a personal commitment. In July of 1988 . ", "It's kind of hard to turn down a big sum of something when you know you can do it. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. In total, Holyfield married three women and was divorced twice. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. A post shared by Evander Holyfield (@evanderholyfield). His liabilities from his period bloomed into various directions as his creditors came knocking. . It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. Silva upset Julio Cesar Chavez Jr. this summer in Mexico, and now fights Ortiz, who will be making his boxing debut. When you examine this particular event, the confusion is even greater. And that was in 2006, a first-round KO victory in his native Brazil. 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. We want to hear from you. He defaulted on his mortgage at exactly the wrong time. Mayweather's weight limit was 160 pounds; Paul's was 190. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. 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. 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. Holyfield also committed to paying for the private education of all three of his children. Today, his wealth is stabilized at around $500,000. And keeping such a massive space with so many amenities had many extra costs. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. "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. "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. The home, which Holyfield lost due to foreclosure a year prior, has a. 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. During his career Holyfield earned an estimated $230 million in. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. 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. def. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. 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 child support is really where the boxer's family debt began to get out of hand. Smith received cash and property from the 2012 divorce, including child and spousal support. Brutally Kicked Out Of Bank, Joe Rogan Savagely Attacked By Sister In Video, Madonna Spotted With Famous Boxer Boyfriend, Tom Brady Direct Message To Jon Jones Leaks, Oscar de la Hoya Warns Jake Paul In Video, Broken Skull Sessions extra: McIntyre, Austin debate cats vs. dogs (Video), First look at new WWE Chronicle: Kevin Owens documentary (Video), Special look at Undertakers retirement at WWE Survivor Series (Video), Goldberg challenges Roman Reigns on WWEs The Bump: Youre Next!. 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. In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. TV News / Jon Galt. "All boxers on this card have successfully met all requirements to be licensed by the Florida Athletic Commission," a spokesperson for the commission said. Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. 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. 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 . But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. But his enormous mansion turned out to be a much larger drain on his resources. So, what does Rosss new home have to offer? However, he lost all his money almost as quickly as he earned it. 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. However, he lost all his money almost as quickly as he earned it. The event never happened, leading to a contractual dispute between Holyfield and Triller. They did not release the earnings of these boxers to the public. Holyfield threw a left hook and Belfort stepped inside with. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. Published: January 6 2014 22:05. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. In 1998, the first world heavyweight title was awarded. A landscaping company sued him for $550,000 for unpaid services. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. One of his six sons is Elijah Esaias Holyfield, a footballerrepresenting the Carolina Panthers in the NFL. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. More families mean more money, and Holyfield has several families. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. That was Belfort's fourth loss in six Octagon appearances. His record: 15-40-3, 1 KO. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. 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. More so, he's still chasing a lucrative third fight with Tyson. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. Evander Holyfield is one of those fighters. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. 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. 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. 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. Only he knows. Get the Daily OutKick and get smarter every day. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. by Even recouping proved to be a financial loss. 2023 CNBC LLC. 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. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. 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. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. 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. Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. June 6, 2021, 5:50 pmupdated June 7, 2021, 6:18 am 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. Was it worth his pride? The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. 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. The home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Holyfield took out a mortgage for $14 million on the home. 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. Holyfield didn't . In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. The cost includes unlimited replays for all fights in the event until Dec. 11, so . Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield.