Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. 3 Comments. The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. Published: January 6 2014 22:05. All rights reserved. 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. Got a confidential news tip? Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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? Many rooms were transformed for the latter films sequel, which was created in a suitable setting. 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. The lawsuit was for a mix of back child support and unpaid maintenance. Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. Holyfield has 11 children from five different mothers, according to the Independent. What happened? ET. "At least I'm fighting somebody that I know I can protect myself [against]. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. During his career Holyfield earned an estimated $230 million in. However, it's not a foregone conclusion this will be an official bout. But why fight at all if you're Holyfield? That was Belfort's fourth loss in six Octagon appearances. Peek inside this epic slice of superstar real estate. 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. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. he's bragging about making an outrageous amount of cash for the gig, and his deal has a . 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. 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. But after retirement, athletes across all sports regularly end up in financially compromised situations. Meanwhile, a federal lawsuit was filed two weeks ago in Utah seeking repayment of $550,000 in loans allegedly made to Holyfield to pay for landscaping on his 95-hectare estate. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. Copyright 2008-2023 BroBible. He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. Holyfield took out a mortgage for $14 million on the home. And he seems happy again. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. How did Evander Holyfield lose all his money? 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. 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. 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 told the programme: "It is hard to fall down, and I kind of feel like everything is too late. Florida, on the other hand, saw no issue. His record: 15-40-3, 1 KO. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. A Division of NBCUniversal. It remains to be seen how safe it is for a 58-year-old to compete. The divorces were certainly costly, but not nearly as expensive as his obligations to his children. 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. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. Data is a real-time snapshot *Data is delayed at least 15 minutes. Dan Rafael (@DanRafael1) September 12, 2021. "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. 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. 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. Get the Daily OutKick and get smarter every day. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. Allan Binoy is a Combat Sports Author at EssentiallySports. 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. Gambling related content is not intended for anyone under the age of 21. There is no reason why we cannot achieve this, according to 36-year-old Andy. First, an ongoing divorce settlement wrapped up after he bought his home. 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. Regardless of the overriding ethical questions at play, 58-year-old Evander Holyfield is still set to headline a boxing pay-per-view card on Saturday in the year 2021 against 44-year-old former . The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. "We have approved this as a full pro bout," the commission said. 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. 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. The property, which is located in Atlanta, Georgia, is worth $5.8 million. 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. He lost the title to Mike Tyson in a second fight after winning it the first time. So what does Holyfield say to those who say he shouldn't be fighting at 58? Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. More so, he's still chasing a lucrative third fight with Tyson. READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. Today, his wealth is stabilized at around $500,000. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. 2023 CNBC LLC. We want to hear from you. "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.". The cost includes unlimited replays for all fights in the event until Dec. 11, so . B/R's combat sports team was in the house for "Triller . The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. The pay-per-view begins at 8 p.m. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. This upkeep accounted for an additional $1 million in expenses every year. At his peak, Evander Holyfield had a reported net worth of $200 million. "I've had no money to pay lawyers and had to fight on my own in court and that ain't easy." 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. Vitor Belforts Professional Boxing Record: Has He Boxed Before? Fighters 154 pounds and above typically wear 10-ounce gloves. 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 . Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. 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.. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. 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 a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. So, what does Rosss new home have to offer? 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. This meant that his per-fight revenue and marketability were extremely high. Basically, the boxer had more kids and ex-wives than he could reasonably afford. 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. Regardless, the Commission will be supervising the fight.". Football, basketball, boxing, it didn't matter. The mansion stands at 45,000 square feet and is situated on more than 235 acres. 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. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. 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. "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. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . He announced his retirement after the bout. 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. The property is located in Atlanta, Georgia and priced at $5.8 million. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. A dedicated pro wrestling follower for more than a decade who feels fortunate to express the love for the art through writing. 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 54,000 square-foot mansion is also the largest in Georgia. 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. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. 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. "You are absolutely right," Holyfield said. In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. "I used to be foolish, but I ain't foolish no more.". 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. ", "It's kind of hard to turn down a big sum of something when you know you can do it. Holyfield will step into the ring after more than a decade of inactivity. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. 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. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . . Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. With lawsuits and penalties to the IRS, Holyfields net worth drastically dropped until it stabilized at around $500,000. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. Outkick is a company that produces videos. However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. pursuing a bachelor's degree in English Literature. His expenses kept his net worth somewhat depressed despite all that revenue. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. And with his kids happy, healthy, and doing well in school, Evander Holyfield couldnt be happier with where it all ended up. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. In 1998, the first world heavyweight title was awarded. Sign up for free newsletters and get more CNBC delivered to your inbox. Mayweather's weight limit was 160 pounds; Paul's was 190. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. The whole thing's about protection. Roman Reigns & Usos Removed From Smackdown? He finished his career at 53 years old with five losses in his final seven bouts. The property is located in Atlanta, Georgia and priced at $5.8 million. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. def. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. Holyfield didn't . The deal also required Holyfield to fund his sons future education by filling an account with $100,000. All Rights Reserved. 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. In July of 1988 . Evander Holyfield is one of those fighters. Is this the result of systemic racism somebody tell your president an Vice President that one black man sold this monstrous mansion for millions to another black man happens all the time not in china but here in this great country mfers. In 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. 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. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. 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. The true price was even higher, however. Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. 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. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. The child support is really where the boxer's family debt began to get out of hand. Even recouping proved to be a financial loss. 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 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. TV News / Jon Galt. Evander Holyfield by TKO, 1: . 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. Jorge is a Miami native and lifelong Heat fan. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. Vitor Belforts pressure proved to be too much for Evander Holyfield. 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. And he remained on the hook for that massive mortgage. 2.6K. The companys purchase of the property is a sign of its commitment to investing in distressed assets. by Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. . 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. 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.. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. The boxing career of Evander Holyfield has been marked by highs and lows. Lets go inside Rick Ross stunning home in New York. 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. TMZ.com. "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.". Then De La Hoya contracted COVID just days before his fight with Belfort, opening the door for Holyfield to step in, solving two issues at once. Smith received cash and property from the 2012 divorce, including child and spousal support. 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. 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 Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. The boxing career of Evander Holyfield was reborn after his release from prison. 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!.

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