"[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. So, what does Rosss new home have to offer? "At least I'm fighting somebody that I know I can protect myself [against]. He announced his retirement after the bout. They did not release the earnings of these boxers to the public. Peek inside this epic slice of superstar real estate. Videos by OutKick. 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. 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. 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 total earnings were around half a million dollars, including brand deals. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. 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. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. 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. 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. A post shared by Evander Holyfield (@evanderholyfield). Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. He ended up selling his mansion for less than half the amount he bought it for. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. 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. Regardless, the Commission will be supervising the fight.". . The property, which is located in Atlanta, Georgia, is worth $5.8 million. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. 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. The $230m he earned over a. Lets dive into his earnings, his expenses, and his personal history to find out. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. So what does Holyfield say to those who say he shouldn't be fighting at 58? 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. Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. By: Holly Aguirre. All Rights Reserved. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. 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? And that was in 2006, a first-round KO victory in his native Brazil. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. 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. Gambling related content is not intended for anyone under the age of 21. 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. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. 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. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. Holyfield reportedly spent an additional $1.5 million on furnishings and decor for the home. 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. 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. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. ET. "We have approved this as a full pro bout," the commission said. Evander Holyfield by TKO, 1: . I know all the things that's necessary to be safe. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. The boxing career of Evander Holyfield has been marked by highs and lows. Evander Holyfield spent a huge portion of his fortune building a mansion only to be left with no funds to maintain it. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. "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. Today that would be about $52,400,000. His final professional fight was on July 14, 1968, at the age of 48. The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. B/R's combat sports team was in the house for "Triller . Copyright 2008-2023 BroBible. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". That was Belfort's fourth loss in six Octagon appearances. "All I know is it's a fight and they got the rules. Everything you need to know about Evander Holyfield vs. Vitor Belfort, The triumph of Michael B. Jordan and Jonathan Majors in Creed III. "You are absolutely right," Holyfield said. 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. 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. 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. His then-18-year-old daughter sued him for $300,000 of it. "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.". In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. At his peak, Evander Holyfield had a reported net worth of $200 million. A landscaping company sued him for $550,000 for unpaid services. In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. We want to hear from you. "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 the former heavyweight champ's case, the risk outweighed the rewards by a large margin. When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. He defaulted on his mortgage at exactly the wrong time. Evander Holyfield in his prime was a massive draw in boxing. The property is located in Atlanta, Georgia and priced at $5.8 million. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. His expenses kept his net worth somewhat depressed despite all that revenue. In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. Oscar de la Hoya Sad Hospitalization Video Leaks. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . A Division of NBCUniversal. The fight will be contested over eight, two-minute rounds with 12-ounce gloves. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. 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. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. 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. How did Evander Holyfield lose all his money? Fighting Lopez creates a better opportunity for Taylor, but can he beat him? 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Holyfield also committed to paying for his three childrens private educations as a personal commitment. California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. 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. ", "It's kind of hard to turn down a big sum of something when you know you can do it. After suffering his first loss in boxing, what now for Jake Paul? The event never happened, leading to a contractual dispute between Holyfield and Triller. When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. The mansion stands at 45,000 square feet and is situated on more than 235 acres. "If he had the right team behind him, he would have never lost his fortune.". 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.. foot guest house, a 12-stall barn, and a five-acre lake. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. 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. Was it worth his pride? Holyfield and Belfort will compete at heavyweight, the unlimited weight class. 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. When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. The divorces were certainly costly, but not nearly as expensive as his obligations to his children. "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. Got a confidential news tip? In total, Holyfield married three women and was divorced twice. 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. It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. 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. 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. pursuing a bachelor's degree in English Literature. In July of 1988 . 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. 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. After all, the perils of riches lay mostly in how they're spent. 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. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. Atlantas 109-room mansion, which was built as a monument to his success, was auctioned off in 2008 for 4.2 million, with Ross purchasing it. 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. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. His liabilities from his period bloomed into various directions as his creditors came knocking. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. Published: January 6 2014 22:05. 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. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. 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. The companys purchase of the property is a sign of its commitment to investing in distressed assets. "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). 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. When you examine this particular event, the confusion is even greater. Even recouping proved to be a financial loss. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. For one, he's making multiple millions, sources told ESPN. Lets go inside Rick Ross stunning home in New York. BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. And with his kids happy, healthy, and doing well in school, Evander Holyfield couldnt be happier with where it all ended up. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. 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. Even recouping proved to be a financial loss. Featured in the Eddie Murphy sequel Coming 2 America, boxing champ Evander Holyfield's one-time home in Fayetteville, Georgia, covers 44,234 square feet. "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 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, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. 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. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. Fans are concerned for Evander Holyfield, who seemed to struggle on the ads during the open workouts for the media. 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. This meant that his per-fight revenue and marketability were extremely high. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. The 54,000 square-foot mansion is also the largest in Georgia. When Holyfield went broke in 2012, he owed about $500,000 in child support. Other financial losses came from Evander Holyfield's home life. The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. "I've had no money to pay lawyers and had to fight on my own in court and that ain't easy." Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. 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. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. Holyfield also went through three divorces. 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. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. 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. demolished in his fight against the former UFC champion which ended in the first round. The lawsuit was for a mix of back child support and unpaid maintenance. Jorge is a Miami native and lifelong Heat fan. In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. Data is a real-time snapshot *Data is delayed at least 15 minutes. This upkeep accounted for an additional $1 million in expenses every year. A dedicated pro wrestling follower for more than a decade who feels fortunate to express the love for the art through writing. PrivacyAboutContactAdvertisingHave a News Tip? Both fighters also weren't supposed to push for a knockout. And he remained on the hook for that massive mortgage. 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. 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. 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!. Holyfield took out a mortgage for $14 million on the home. His record: 15-40-3, 1 KO. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. 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.