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. 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. . In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. The 54,000 square-foot mansion is also the largest in Georgia. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . A post shared by Evander Holyfield (@evanderholyfield). "At least I'm fighting somebody that I know I can protect myself [against]. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. 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. Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. Got a confidential news tip? If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. The $230m he earned over a. "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. The property is located in Atlanta, Georgia and priced at $5.8 million. 2023 CNBC LLC. However, he lost all his money almost as quickly as he earned it. So what does Holyfield say to those who say he shouldn't be fighting at 58? I know all the things that's necessary to be safe. The Reason Evander Holyfield Lost His Money. Vitor Belforts pressure proved to be too much for Evander Holyfield. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. According to Celebrity Net Worth 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. "We have approved this as a full pro bout," the commission said. 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Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. Rapper Rick Ross purchased the home in 2014. The mansion has been among the sources of the boxer's. His expenses kept his net worth somewhat depressed despite all that revenue. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. Roman Reigns & Usos Removed From Smackdown? It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. His career took off after he won the IBF world title in 1996. The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. 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. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. 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. 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. 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. 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 didn't . 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. Rodriguez said Holyfield was let down by the people around him during his fighting days. 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? Even recouping proved to be a financial loss. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. All rights reserved. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. Get this delivered to your inbox, and more info about our products and services. In the first round, Tyson defeated him. 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. His then-18-year-old daughter sued him for $300,000 of it. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. Videos by OutKick. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. football player for Diego Juniors FC. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. "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. A landscaping company sued him for $550,000 for unpaid services. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. He ended up selling his mansion for less than half the amount he bought it for. 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. However, he lost all his money almost as quickly as he earned it. def. In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. 2.6K. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. 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. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. All Rights Reserved. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. The property is located in Atlanta, Georgia and priced at $5.8 million. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in. 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. "You are absolutely right," Holyfield said. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. Dan saying Holyfield earned 5-6 million dollars tonight. It reports come after it was found that Oscar De La Hoya has tested positive for . When they were set to fight in Los Angeles on the same date, the fight was an exhibition. More so, he's still chasing a lucrative third fight with Tyson. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. 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. Silva upset Julio Cesar Chavez Jr. this summer in Mexico, and now fights Ortiz, who will be making his boxing debut. Evander Holyfield by TKO, 1: . California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. 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. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. This upkeep accounted for an additional $1 million in expenses every year. During his career Holyfield earned an estimated $230 million in. The home, which Holyfield lost due to foreclosure a year prior, has a. 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. . He finished his career at 53 years old with five losses in his final seven bouts. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. arrivals in the venue shortly after 6 p.m.an hour before the pay-per-view broadcast got started. Holyfield took out a mortgage for $14 million on the home. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. 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. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. he's bragging about making an outrageous amount of cash for the gig, and his deal has a . Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. How did Evander Holyfield lose all his money? BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. 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. First, an ongoing divorce settlement wrapped up after he bought his home. He lost the title to Mike Tyson in a second fight after winning it the first time. The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. Published: January 6 2014 22:05. "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. 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. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. In the famed ear-damaging fight against Tyson alone, Holyfield brought home a massive $35 million, according to Atlanta Magazine, which is several times more than most Americans will make in their lifetime. Holyfield threw a left hook and Belfort stepped inside with. 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. But after retirement, athletes across all sports regularly end up in financially compromised situations. 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. Evander Holyfield spent a huge portion of his fortune building a mansion only to be left with no funds to maintain it. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. Copyright 2023 Endgame360 Inc. All Rights Reserved. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? The property, which is located in Atlanta, Georgia, is worth $5.8 million. 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. 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.