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Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. Evander Holyfield is one of those fighters. The property is located in Atlanta, Georgia and priced at $5.8 million. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". "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). 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. he's bragging about making an outrageous amount of cash for the gig, and his deal has a . 2.6K. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. And he seems happy again. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. 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. Fighters 154 pounds and above typically wear 10-ounce gloves. Today that would be about $52,400,000. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. 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. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. Peek inside this epic slice of superstar real estate. 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 competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. 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. In July of 1988 . In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. TV News / Jon Galt. 2023 CNBC LLC. He lost the title to Mike Tyson in a second fight after winning it the first time. The home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Fighting Lopez creates a better opportunity for Taylor, but can he beat him? However, he lost all his money almost as quickly as he earned it. Money, of course. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. Does Rick Ross own a multi-million dollar mansion in Georgia? In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. But his enormous mansion turned out to be a much larger drain on his resources. 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. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. 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. 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. 9/9/2021 1:00 AM PT. (via @OmarESPN) pic.twitter.com/wlR89gCjJC, ESPN Ringside (@ESPNRingside) September 12, 2021. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. "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. In 1998, the first world heavyweight title was awarded. ", "It's kind of hard to turn down a big sum of something when you know you can do it. California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. It reports come after it was found that Oscar De La Hoya has tested positive for . On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. 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. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. 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. Today, his wealth is stabilized at around $500,000. He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. 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. Lets dive into his earnings, his expenses, and his personal history to find out. "At least I'm fighting somebody that I know I can protect myself [against]. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? The 54,000 square-foot mansion is also the largest in Georgia. When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. 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. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. Both fighters also weren't supposed to push for a knockout. Copyright 2008-2023 BroBible. His liabilities from his period bloomed into various directions as his creditors came knocking. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. 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. Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. Gambling related content is not intended for anyone under the age of 21. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. 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. Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. Copyright 2023 Endgame360 Inc. All Rights Reserved. It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. 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. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. Holyfield reportedly spent an additional $1.5 million on furnishings and decor for the home. 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. 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. The boxing career of Evander Holyfield has been marked by highs and lows. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. B/R's combat sports team was in the house for "Triller . A Division of NBCUniversal. . Global Business and Financial News, Stock Quotes, and Market Data and Analysis. His expenses kept his net worth somewhat depressed despite all that revenue. "If he had the right team behind him, he would have never lost his fortune.". Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. The whole thing's about protection. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. Mike Tyson chomps on the ear of Evander Holyfield in the third round of their WBA heavyweight bout in Las Vegas in 1997. 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 . Holyfield also committed to paying for his three childrens private educations as a personal commitment. The pay-per-view begins at 8 p.m. The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. His record: 15-40-3, 1 KO. 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.. All rights reserved. The mansion stands at 45,000 square feet and is situated on more than 235 acres. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. A passionate learner in the world of professional writing, and an ardent Manchester United fan. He ended up selling his mansion for less than half the amount he bought it for. It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. At his peak, Evander Holyfield had a reported net worth of $200 million. 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. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. 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. That's what a tough chin and hard hands will get you. Videos by OutKick. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. 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 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.. Evander Holyfield in his prime was a massive draw in boxing. By: Holly Aguirre. "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. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. Even recouping proved to be a financial loss. However, it's not a foregone conclusion this will be an official bout. The divorces were certainly costly, but not nearly as expensive as his obligations to his children. 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. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. His then-18-year-old daughter sued him for $300,000 of it. 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. A post shared by Evander Holyfield (@evanderholyfield). 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. Published: January 6 2014 22:05. 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. However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. 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. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. The suit threatened Holyfield with jail time if he didn't pay up. 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. 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. I know all the things that's necessary to be safe. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. In the first round, Tyson defeated him. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. "All boxers on this card have successfully met all requirements to be licensed by the Florida Athletic Commission," a spokesperson for the commission said. 3 Comments. The folks at Redfin have confirmed that rapper Rick Ross has purchased the monstrous former Fayetteville home of boxer Evander "Real Deal" Holyfield and that he got it for a relative steal . But today, he only holds a small fraction of his former net worth. 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. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. 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. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. 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. The property includes a basketball court, a tennis court, a gym, a pool and a home theater. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. He defaulted on his mortgage at exactly the wrong time. A dedicated pro wrestling follower for more than a decade who feels fortunate to express the love for the art through writing. Smith received cash and property from the 2012 divorce, including child and spousal support. by When they were set to fight in Los Angeles on the same date, the fight was an exhibition. "All I know is it's a fight and they got the rules. The Reason Evander Holyfield Lost His Money. Only he knows. Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. 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. Vitor Belforts Professional Boxing Record: Has He Boxed Before? A landscaping company sued him for $550,000 for unpaid services. Stop the dumbass TMZ headlines please! Rapper Rick Ross purchased the home in 2014. Lets go inside Rick Ross stunning home in New York. Alejandro Avila 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. Regardless, the Commission will be supervising the fight.". Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. TMZ.com. 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. Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. How did Evander Holyfield lose his house . 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. Holyfield took out a mortgage for $14 million on the home. The property, which is located in Atlanta, Georgia, is worth $5.8 million. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. They did not release the earnings of these boxers to the public. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. "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 Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. Basically, the boxer had more kids and ex-wives than he could reasonably afford. "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. ET. 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. "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.". However, he lost all his money almost as quickly as he earned it. And keeping such a massive space with so many amenities had many extra costs. At his peak, Evander Holyfield had a reported net worth of $200 million. 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. And he remained on the hook for that massive mortgage. Full Spectrum Services LLP 2022 | All Rights Reserved. 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. Silva upset Julio Cesar Chavez Jr. this summer in Mexico, and now fights Ortiz, who will be making his boxing debut. His career took off after he won the IBF world title in 1996. "Man, they were stealing, just stealing, stealing.". Holyfield, who retired from boxing in 2000, is now focused on his property and training business. He finished his career at 53 years old with five losses in his final seven bouts. Holyfield also went through three divorces. In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. So what does Holyfield say to those who say he shouldn't be fighting at 58? Yes, Holyfield is 58. Holyfield didn't . Fans are concerned for Evander Holyfield, who seemed to struggle on the ads during the open workouts for the media. The mansion has been among the sources of the boxer's. All Rights Reserved. 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. Got a confidential news tip? And he seems happy again. "We have approved this as a full pro bout," the commission said. The cost includes unlimited replays for all fights in the event until Dec. 11, so . 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. 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? Mayweather's weight limit was 160 pounds; Paul's was 190. 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. His final professional fight was on July 14, 1968, at the age of 48. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. 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. 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? And with his kids happy, healthy, and doing well in school, Evander Holyfield couldnt be happier with where it all ended up. Given the FAC's decision, Holyfield has completed this evaluation. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. Football, basketball, boxing, it didn't matter. 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. 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. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. Oscar de la Hoya Sad Hospitalization Video Leaks. . The true price was even higher, however. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . The fight will be contested over eight, two-minute rounds with 12-ounce gloves. Vitor Belforts pressure proved to be too much for Evander Holyfield. In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. 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. Other financial losses came from Evander Holyfield's home life. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. "You are absolutely right," Holyfield said. Evander Holyfield spent a huge portion of his fortune building a mansion only to be left with no funds to maintain it. 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.