Holyfield will step into the ring after more than a decade of inactivity. "Man, they were stealing, just stealing, stealing.". His expenses kept his net worth somewhat depressed despite all that revenue. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. Evander Holyfield is one of those fighters. 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. Holyfield vs. Belfort PPV Price: How Much Does The Fight Cost? However, he lost all his money almost as quickly as he earned it. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. 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. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. Evander Holyfield spent a huge portion of his fortune building a mansion only to be left with no funds to maintain it. BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. "All I know is it's a fight and they got the rules. 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. The $230m he earned over a. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. Peek inside this epic slice of superstar real estate. 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. 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. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. 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. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. "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.". Evander Holyfield vs. Vitor Belfort: Preview, fight prediction, picks For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. Holyfield threw a left hook and Belfort stepped inside with. Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. Holyfield's Heavyweight Manse Sells For Measly $5.8M A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. Rick Ross Buys Insane 109-Room Mansion From Evander Holyfield, Boxing Legend, TV Judge Mills Lane Dead At 85, Former NFL Defensive End Greg Hardy Beats Hasim Rahman Jr. With Big Knockdown In Professional Boxing Match Without Training, Bare Knuckle Fighter Nathan Decastro Looks Like The Elephant Man After Bloody Hits To Left Eye, Jake Paul Offers Draymond Green $10 Million For Boxing Match. And he seems happy again. "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. Full Spectrum Services LLP 2022 | All Rights Reserved. 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. 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? The $230m he earned over a. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. But today, he only holds a small fraction of his former net worth. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. 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. 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. 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. How Did Evander Holyfield Lose Over $200 Million of His - Sportscasting We want to hear from you. How did Evander Holyfield lose his house . "We have approved this as a full pro bout," the commission said. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. The event never happened, leading to a contractual dispute between Holyfield and Triller. And he remained on the hook for that massive mortgage. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. The property is located in Atlanta, Georgia and priced at $5.8 million. How did Evander Holyfield lose his house? - Sportskeeda Allan Binoy is a Combat Sports Author at EssentiallySports. More so, he's still chasing a lucrative third fight with Tyson. "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. 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 will go down in history as the boxer that dethroned Mike Tyson. The Reason Evander Holyfield Lost His Money - Grunge.com Money, of course. Does Rick Ross own a multi-million dollar mansion in Georgia? 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 . So, what does Rosss new home have to offer? 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. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. "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 was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. How Rick Ross' $5.8 Million 'Coming to America' Mansion Is Paying For According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. A dedicated pro wrestling follower for more than a decade who feels fortunate to express the love for the art through writing. He lost the title to Mike Tyson in a second fight after winning it the first time. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. Evander Holyfield by TKO, 1: . All rights reserved. Women's boxing pound-for-pound rankings: Did Baumgardner do enough to overtake Serrano? The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. football player for Diego Juniors FC. Vitor Belfort stops Evander Holyfield in first, calls out Jake Paul for The property includes a 16,000-square-foot main house, a 12,000-square-foot guest house, a 12-stall barn, and a five-acre lake. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. That's what a tough chin and hard hands will get you. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? This meant that his per-fight revenue and marketability were extremely high. Evander Holyfield's amazing 109-room Georgia home he sold to Rick Ross for 4.7m boasts bowling alley, theatre and pool https://t.co . Data is a real-time snapshot *Data is delayed at least 15 minutes. TV News / Jon Galt. demolished in his fight against the former UFC champion which ended in the first round. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. By: Holly Aguirre. June 6, 2021, 5:50 pmupdated June 7, 2021, 6:18 am With lawsuits and penalties to the IRS, Holyfields net worth drastically dropped until it stabilized at around $500,000. Got a confidential news tip? Evander Holyfield: Boxing great who 'lost everything' smiling again But after retirement, athletes across all sports regularly end up in financially compromised situations. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. After suffering his first loss in boxing, what now for Jake Paul? 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. Rick Ross spends $5.8 million for Evander Holyfield's Georgia mansion 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. 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. "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. 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. Holyfield also committed to paying for the private education of all three of his children. The House That Evander Holyfield Built - Cotswold-Homes Published: January 6 2014 22:05. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. A landscaping company sued him for $550,000 for unpaid services. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. 2023 CNBC LLC. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. The pay-per-view begins at 8 p.m. Holyfield also committed to paying for his three childrens private educations as a personal commitment. Holyfield took out a mortgage for $14 million on the home. I do what I have to do.". 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 reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. During his career Holyfield earned an estimated $230 million in. Indeed, Belfort is a 44-year-old who has had only one pro boxing match. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. Only he knows. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. 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. "If he had the right team behind him, he would have never lost his fortune.". . https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. Florida, on the other hand, saw no issue. The whole thing's about protection. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. How did Evander Holyfield lose all his money? | News | Fans Share Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". 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. Copyright 2023 Endgame360 Inc. All Rights Reserved. The property, which is located in Atlanta, Georgia, is worth $5.8 million. Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. After all, the perils of riches lay mostly in how they're spent. Even though The Real Deal has been training for a comeback fight for quite some time, fighting Vitor Belfort will not be a simple task, even for prime Holyfield. He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. Report: Rick Ross Buys Evander Holyfield's Mansion - realtor.com 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. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. He announced his retirement after the bout. Evander Holyfield in his prime was a massive draw in boxing. Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. One of his six sons is Elijah Esaias Holyfield, a footballerrepresenting the Carolina Panthers in the NFL. Today that would be about $52,400,000. Evander Holyfield was forced to sell his 109-room mansion to rapper Rick Ross (Image: Getty Images) The 109-room mansion in his hometown of Atlanta was labelled as a monument to his success, but was auctioned in 2008 with Ross acquiring it for 4.2million. "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.". Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. His record: 15-40-3, 1 KO. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. 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. Both fighters also weren't supposed to push for a knockout. 58-year-old man dies at start of mountain bike race, Teen boys charged with murder over killing of driver in Auckland, What the alcohol industry doesn't want you to know, The Jugglenaut: How childcare became a for-profit game, Christopher Luxon promises childcare rebates for any family earning less than $180,000, Homeowner says banks offering 4.99% under the table is a 'market failure', Person who died after incident in Auckland's Beach Haven named, Guyon Espiner's last drink: 'Probably wine, but I was too drunk to remember', Disappointment and tequila: How sporting power couple Dion Nash and Bernice Mene met, Wallabies star's NZ$1.6m World Cup gamble after bar brawl shuts down Japanese club. There is no reason why we cannot achieve this, according to 36-year-old Andy. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. 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. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. This upkeep accounted for an additional $1 million in expenses every year. Rick Ross Buys Evander Holyfield's 109-Room Mansion in Georgia Evander Holyfield to pay $36,000 a year in child support Basically, the boxer had more kids and ex-wives than he could reasonably afford. 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. Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. He defaulted on his mortgage at exactly the wrong time. 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. Holyfield vs. Belfort fight results: Ex-MMA star knocks out Evander Silva upset Julio Cesar Chavez Jr. this summer in Mexico, and now fights Ortiz, who will be making his boxing debut. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. Get the Daily OutKick and get smarter every day. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. . "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).
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