According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. Holyfield didn't . 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. 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? Holyfield also committed to paying for the private education of all three of his children. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. Both fighters also weren't supposed to push for a knockout. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. 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. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . ", "It's kind of hard to turn down a big sum of something when you know you can do it. Other financial losses came from Evander Holyfield's home life. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. Donald Trump is doing way more than calling a fight this weekend . Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. I know all the things that's necessary to be safe. 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. 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 . Even recouping proved to be a financial loss. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. TV News / Jon Galt. 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. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . 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 . 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. How did Evander Holyfield lose his house . football player for Diego Juniors FC. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. 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.. 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. 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 pay-per-view begins at 8 p.m. They did not release the earnings of these boxers to the public. Evander Holyfield by TKO, 1: . 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. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. TMZ.com. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. How Much Did Evander Holyfield Pay For His House. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. The home, which Holyfield lost due to foreclosure a year prior, has a. 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 . Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. 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. It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. Round-by-Round coverage: How Tommy Fury vs. Jake Paul played out, Inside the creation of Jake Paul's 'Stardust Warriors' trunks, Women's boxing divisional rankings: Thorslund, Fundora solidify spots after dominant performances, Divisional rankings: Matias, Jack make big moves after impressive wins. Published: January 6 2014 22:05. There is no reason why we cannot achieve this, according to 36-year-old Andy. 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. "I've had no money to pay lawyers and had to fight on my own in court and that ain't easy." The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. Oscar de la Hoya Sad Hospitalization Video Leaks. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. So, what does Rosss new home have to offer? He was a champion whose professional career endured from 1984 until his final fight against Sherman Williams in 2011, when Holyfield was 48 years old. he failed to pay back more than a half . His then-18-year-old daughter sued him for $300,000 of it. 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. 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. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. Only he knows. Yes, Holyfield is 58. That's what a tough chin and hard hands will get you. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. His expenses kept his net worth somewhat depressed despite all that revenue. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. Evander Holyfield spent a huge portion of his fortune building a mansion only to be left with no funds to maintain it. His career took off after he won the IBF world title in 1996. 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. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. Full Spectrum Services LLP 2022 | All Rights Reserved. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. 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. A Division of NBCUniversal. Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. 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. Holyfield has 11 children from five different mothers, according to the Independent. Football, basketball, boxing, it didn't matter. In the first round, Tyson defeated him. 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. 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. But why fight at all if you're Holyfield? Smith received cash and property from the 2012 divorce, including child and spousal support. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. "If he had the right team behind him, he would have never lost his fortune.". 2023 CNBC LLC. In July of 1988 . 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. 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. By: Holly Aguirre. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. The true price was even higher, however. But today, he only holds a small fraction of his former net worth. The event never happened, leading to a contractual dispute between Holyfield and Triller. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. Fighting Lopez creates a better opportunity for Taylor, but can he beat him? Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. 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. Does Rick Ross own a multi-million dollar mansion in Georgia? Videos by OutKick. When Holyfield went broke in 2012, he owed about $500,000 in child support. Gambling related content is not intended for anyone under the age of 21. 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. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. PrivacyAboutContactAdvertisingHave a News Tip? Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". Stop the dumbass TMZ headlines please! 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. 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 mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. 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. However, it's not a foregone conclusion this will be an official bout. Alejandro Avila After all, the perils of riches lay mostly in how they're spent. However, he lost all his money almost as quickly as he earned it. When you examine this particular event, the confusion is even greater. For one, he's making multiple millions, sources told ESPN. But his enormous mansion turned out to be a much larger drain on his resources. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. This upkeep accounted for an additional $1 million in expenses every year. 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. demolished in his fight against the former UFC champion which ended in the first round. It ended up going for half of what he bought it for. The property is located in Atlanta, Georgia and priced at $5.8 million. Rodriguez said Holyfield was let down by the people around him during his fighting days. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. Jorge is a Miami native and lifelong Heat fan. June 6, 2021, 5:50 pmupdated June 7, 2021, 6:18 am Even recouping proved to be a financial loss. 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 . 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. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. 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 and Belfort will compete at heavyweight, the unlimited weight class. Get this delivered to your inbox, and more info about our products and services. When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. Lets go inside Rick Ross stunning home in New York. And he seems happy again. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. After the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. Dan Rafael (@DanRafael1) September 12, 2021. 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. Holyfield took out a mortgage for $14 million on the home. 2.6K. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. Mike Tyson chomps on the ear of Evander Holyfield in the third round of their WBA heavyweight bout in Las Vegas in 1997. "When you don't have others looking out for you, everybody's taking something for themself. Vitor Belforts pressure proved to be too much for Evander Holyfield. 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Evander Holyfield is one of those fighters. Lets dive into his earnings, his expenses, and his personal history to find out. . 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. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. pursuing a bachelor's degree in English Literature. 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. 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. What happened? Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. The fight will be contested over eight, two-minute rounds with 12-ounce gloves. The suit threatened Holyfield with jail time if he didn't pay up. Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. Tour Evander Holyfield's Former Mansion. 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. "We have approved this as a full pro bout," the commission said. 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. 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. His total earnings were around half a million dollars, including brand deals. Holyfield also committed to paying for his three childrens private educations as a personal commitment. 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. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. 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. The $230m he earned over a. Mayweather's weight limit was 160 pounds; Paul's was 190. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. Dan saying Holyfield earned 5-6 million dollars tonight. The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. This meant that his per-fight revenue and marketability were extremely high. 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. Fans are concerned for Evander Holyfield, who seemed to struggle on the ads during the open workouts for the media. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. Holyfield reportedly spent an additional $1.5 million on furnishings and decor for the home. Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. 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 final professional fight was on July 14, 1968, at the age of 48. 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. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. His total earnings were around half a million dollars, including brand deals. The child support is really where the boxer's family debt began to get out of hand. 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. Got a confidential news tip? Evander Holyfield is one of those fighters. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. "I used to be foolish, but I ain't foolish no more.". Florida, on the other hand, saw no issue. foot guest house, a 12-stall barn, and a five-acre lake. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. A landscaping company sued him for $550,000 for unpaid services. 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. 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. 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. In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. 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's loss is Rick Ross' gain. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. 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. 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. A post shared by Evander Holyfield (@evanderholyfield). He defaulted on his mortgage at exactly the wrong time. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. I do what I have to do.". 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. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. 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. Copyright 2008-2023 BroBible. 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. Money, of course. When Floyd Mayweather-Logan Paul met in an exhibition match in June, a fight supervised by the FAC, there was no official winner and no judges. 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. Mansion has been the ideal location for two movies, Superfly and Coming 2 America.