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. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. It reports come after it was found that Oscar De La Hoya has tested positive for . 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 . 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 spent a huge portion of his fortune building a mansion only to be left with no funds to maintain it. After all, the perils of riches lay mostly in how they're spent. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. 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 property, which is located in Atlanta, Georgia, is worth $5.8 million. Evander Holyfield is one of those fighters. Holyfield took out a mortgage for $14 million on the home. His total earnings were around half a million dollars, including brand deals. He defaulted on his mortgage at exactly the wrong time. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. 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. The companys purchase of the property is a sign of its commitment to investing in distressed assets. In 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. On its 235-acre grounds is a handball court, a softball field, a tennis court, a seven-stall barn, and a 350,000-gallon pool billed as one of the largest in the nation. However, he lost all his money almost as quickly as he earned it. At his peak, Evander Holyfield had a reported net worth of $200 million. 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. "At least I'm fighting somebody that I know I can protect myself [against]. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. 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. I do what I have to do.". Jorge is a Miami native and lifelong Heat fan. 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 home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Vitor Belforts pressure proved to be too much for Evander Holyfield. The pay-per-view begins at 8 p.m. Tour Evander Holyfield's Former Mansion. Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. ", "It's kind of hard to turn down a big sum of something when you know you can do it. When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. Lets go inside Rick Ross stunning home in New York. I know all the things that's necessary to be safe. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. Evander Holyfield's loss is Rick Ross' gain. The divorces were certainly costly, but not nearly as expensive as his obligations to his children. However, he lost all his money almost as quickly as he earned it. . They did not release the earnings of these boxers to the public. (via @OmarESPN) pic.twitter.com/wlR89gCjJC, ESPN Ringside (@ESPNRingside) September 12, 2021. And keeping such a massive space with so many amenities had many extra costs. 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. Money, of course. Evander Holyfield sold his 109-room Georgia mansion to Rick Ross for $5.7 million, which is the largest single-family home in Georgia and sits on 235 acres. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. . 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. 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. Lets dive into his earnings, his expenses, and his personal history to find out. The whole thing's about protection. When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. How did Evander Holyfield lose his house . 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. 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. When you examine this particular event, the confusion is even greater. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. Alejandro Avila He is currently Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. The event never happened, leading to a contractual dispute between Holyfield and Triller. PrivacyAboutContactAdvertisingHave a News Tip? 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 then-18-year-old daughter sued him for $300,000 of it. 2023 CNBC LLC. He finished his career at 53 years old with five losses in his final seven bouts. 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. A dedicated pro wrestling follower for more than a decade who feels fortunate to express the love for the art through writing. It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. "Man, they were stealing, just stealing, stealing.". TV News / Jon Galt. 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. California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. And with his kids happy, healthy, and doing well in school, Evander Holyfield couldnt be happier with where it all ended up. Evander Holyfield is one of the greats of the boxing world. "We have approved this as a full pro bout," the commission said. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . 2.6K. 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. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. The boxing career of Evander Holyfield has been marked by highs and lows. In total, Holyfield married three women and was divorced twice. "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. Evander Holyfield in his prime was a massive draw in boxing. He ended up selling his mansion for less than half the amount he bought it for. All Rights Reserved. Florida, on the other hand, saw no issue. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. 3 Comments. "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.". While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. Dan saying Holyfield earned 5-6 million dollars tonight. Fighters 154 pounds and above typically wear 10-ounce gloves. Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . by The lawsuit was for a mix of back child support and unpaid maintenance. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. 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. Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting.

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