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. In the first round, Tyson defeated him. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. Even recouping proved to be a financial loss. Evander Holyfield: Boxing great who 'lost everything' smiling again Evander Holyfield had to sell 109-room mansion to Rick Ross after 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.. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. 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. 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. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. Was it worth his pride? Evander Holyfield's Mansion Under Foreclosure - CNBC De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. Holyfield's Heavyweight Manse Sells For Measly $5.8M How did Evander Holyfield lose all his money? However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. . The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. The $230m he earned over a. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. It was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. 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. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. His career took off after he won the IBF world title in 1996. 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. 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. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. 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. "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.". I do what I have to do.". 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. 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. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. 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. The lawsuit was for a mix of back child support and unpaid maintenance. 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 . 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. Yes, Holyfield is 58. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. Evander Holyfield is one of those fighters. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. The companys purchase of the property is a sign of its commitment to investing in distressed assets. Vitor Belforts pressure proved to be too much for Evander Holyfield. demolished in his fight against the former UFC champion which ended in the first round. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. 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? In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. 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. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. IBA prez: Russia, Belarus boxers should compete, Benn: WBC done me a 'disservice' with egg ruling, WBO orders Crawford title defense vs. Rocha, Serrano injured; rematch with Taylor postponed, Fury wins split decision to hand Paul first loss, Davis-Garcia bout finalized, moved to April 22, Sources: Taylor, Lopez agree to June 10 title bout. He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. Gambling related content is not intended for anyone under the age of 21. But today, he only holds a small fraction of his former net worth. BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. football player for Diego Juniors FC. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. Where did $312 million go? Boxing champ Evander Holyfield on his lost And he seems happy again. The suit threatened Holyfield with jail time if he didn't pay up. Holyfield didn't . The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. More so, he's still chasing a lucrative third fight with Tyson. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. . "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. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. Evander Holyfield: Boxing great who 'lost everything' smiling again 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. Holyfield threw a left hook and Belfort stepped inside with. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. B/R's combat sports team was in the house for "Triller . Evander Holyfield in his prime was a massive draw in boxing. All Rights Reserved. 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. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. However, he lost all his money almost as quickly as he earned it. "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. 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. Evander Holyfield to pay $36,000 a year in child support 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. That's what a tough chin and hard hands will get you. Holyfield also committed to paying for the private education of all three of his children. 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. 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. It ended up going for half of what he bought it for. Holyfield took out a mortgage for $14 million on the home. For one, he's making multiple millions, sources told ESPN. One of his six sons is Elijah Esaias Holyfield, a footballerrepresenting the Carolina Panthers in the NFL. The Reason Evander Holyfield Lost His Money - Grunge.com A dedicated pro wrestling follower for more than a decade who feels fortunate to express the love for the art through writing. And he remained on the hook for that massive mortgage. Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. 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 stands at 45,000 square feet and is situated on more than 235 acres. Plus-3 to plus-4 is considered High Risk Category "C." Category "A" (+7-+9) and "B" (+5-+6) are for fighters who are considered to be an even greater risk. First, an ongoing divorce settlement wrapped up after he bought his home. 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. Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ.