Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. 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.. 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. When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. The whole thing's about protection. 2023 CNBC LLC. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. 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 . 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. Holyfield will step into the ring after more than a decade of inactivity. 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. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. Only he knows. pursuing a bachelor's degree in English Literature. His record: 15-40-3, 1 KO. The companys purchase of the property is a sign of its commitment to investing in distressed assets. . Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. "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. 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. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. The mansion has been among the sources of the boxer's. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . "We have approved this as a full pro bout," the commission said. Evander Holyfield is one of the greats of the boxing world. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. "At least I'm fighting somebody that I know I can protect myself [against]. 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. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. At his peak, Evander Holyfield had a reported net worth of $200 million. And he remained on the hook for that massive mortgage. 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. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. Videos by OutKick. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. The boxing career of Evander Holyfield was reborn after his release from prison. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. The boxing career of Evander Holyfield has been marked by highs and lows. "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. 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. 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. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. Even recouping proved to be a financial loss. Today that would be about $52,400,000. He announced his retirement after the bout. "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 biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. For one, he's making multiple millions, sources told ESPN. Both fighters also weren't supposed to push for a knockout. And that was in 2006, a first-round KO victory in his native Brazil. "When you don't have others looking out for you, everybody's taking something for themself. Holyfield also went through three divorces. More so, he's still chasing a lucrative third fight with Tyson. 3 Comments. 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. 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. The true price was even higher, however. I do what I have to do.". Money, of course. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. Smith received cash and property from the 2012 divorce, including child and spousal support. In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. His total earnings were around half a million dollars, including brand deals. Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. There is no reason why we cannot achieve this, according to 36-year-old Andy. "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. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. 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. 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. . But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. After all, the perils of riches lay mostly in how they're spent. Email: jorge@brobible.com. The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. Stop the dumbass TMZ headlines please! Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. 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. It ended up going for half of what he bought it for. Silva upset Julio Cesar Chavez Jr. this summer in Mexico, and now fights Ortiz, who will be making his boxing debut. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. But today, he only holds a small fraction of his former net worth. 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. And he seems happy again. 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. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. Basically, the boxer had more kids and ex-wives than he could reasonably afford. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. The property, which is located in Atlanta, Georgia, is worth $5.8 million. Donald Trump is doing way more than calling a fight this weekend . ET. Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. foot guest house, a 12-stall barn, and a five-acre lake. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. Copyright 2023 Endgame360 Inc. All Rights Reserved. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. Holyfield didn't . He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. One of his six sons is Elijah Esaias Holyfield, a footballerrepresenting the Carolina Panthers in the NFL. BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. Fighters 154 pounds and above typically wear 10-ounce gloves. In total, Holyfield married three women and was divorced twice. 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. They did not release the earnings of these boxers to the public. The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. 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. Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. His final professional fight was on July 14, 1968, at the age of 48. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. 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. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. Regardless, the Commission will be supervising the fight.". Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. He is currently This meant that his per-fight revenue and marketability were extremely high. California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. 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. Got a confidential news tip? He lost the title to Mike Tyson in a second fight after winning it the first time. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. A Division of NBCUniversal. 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. His career took off after he won the IBF world title in 1996. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. 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. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. Does Rick Ross own a multi-million dollar mansion in Georgia? 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. The cost includes unlimited replays for all fights in the event until Dec. 11, so . By: Holly Aguirre. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. 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. How did Evander Holyfield lose all his money? Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. 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. Get this delivered to your inbox, and more info about our products and services. "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.". 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? Allan is a semi-professional Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. Florida, on the other hand, saw no issue. After suffering his first loss in boxing, what now for Jake Paul? In 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. arrivals in the venue shortly after 6 p.m.an hour before the pay-per-view broadcast got started. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. When you examine this particular event, the confusion is even greater. Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. 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. A passionate learner in the world of professional writing, and an ardent Manchester United fan. he's bragging about making an outrageous amount of cash for the gig, and his deal has a . Other financial losses came from Evander Holyfield's home life. 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. The suit threatened Holyfield with jail time if he didn't pay up. Given the FAC's decision, Holyfield has completed this evaluation. 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. 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. (via @OmarESPN) pic.twitter.com/wlR89gCjJC, ESPN Ringside (@ESPNRingside) September 12, 2021. That's what a tough chin and hard hands will get you. 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. All Rights Reserved. . It reports come after it was found that Oscar De La Hoya has tested positive for . Holyfield also committed to paying for his three childrens private educations as a personal commitment. And keeping such a massive space with so many amenities had many extra costs. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. His total earnings were around half a million dollars, including brand deals. Tour Evander Holyfield's Former Mansion. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. But after retirement, athletes across all sports regularly end up in financially compromised situations. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. 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. 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. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. 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. Women's boxing pound-for-pound rankings: Did Baumgardner do enough to overtake Serrano? 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. Evander Holyfield is one of those fighters. ", "It's kind of hard to turn down a big sum of something when you know you can do it. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. 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. The property includes a basketball court, a tennis court, a gym, a pool and a home theater.