During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. ", "It's kind of hard to turn down a big sum of something when you know you can do it. It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. Stop the dumbass TMZ headlines please! When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. 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. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. His then-18-year-old daughter sued him for $300,000 of it. 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. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. 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. Outkick is a company that produces videos. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. Rapper Rick Ross purchased the home in 2014. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". First, an ongoing divorce settlement wrapped up after he bought his home. The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. The true price was even higher, however. Holyfield also committed to paying for the private education of all three of his children. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. 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.. 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 54,000 square-foot mansion is also the largest in Georgia. 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. Today, his wealth is stabilized at around $500,000. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. 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 was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. Rodriguez said Holyfield was let down by the people around him during his fighting days. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. We want to hear from you. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. 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. Alejandro Avila 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. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. "I used to be foolish, but I ain't foolish no more.". Holyfield owed the IRS twice as much money, with his plight hitting the headlines . Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. But why fight at all if you're Holyfield? If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. 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 biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. he's bragging about making an outrageous amount of cash for the gig, and his deal has a . According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. Yes, Holyfield is 58. The property is located in Atlanta, Georgia and priced at $5.8 million. The boxing career of Evander Holyfield has been marked by highs and lows. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. pursuing a bachelor's degree in English Literature. This meant that his per-fight revenue and marketability were extremely high. 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. Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. Other financial losses came from Evander Holyfield's home life. The property includes a basketball court, a tennis court, a gym, a pool and a home theater. So what does Holyfield say to those who say he shouldn't be fighting at 58? Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. However, it's not a foregone conclusion this will be an official bout. Got a confidential news tip? 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. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. Oscar de la Hoya Sad Hospitalization Video Leaks. Get this delivered to your inbox, and more info about our products and services. A post shared by Evander Holyfield (@evanderholyfield). Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. The home, which Holyfield lost due to foreclosure a year prior, has a. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. All Rights Reserved. This upkeep accounted for an additional $1 million in expenses every year. 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. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. And he seems happy again. Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. 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 is one of the greats of the boxing world. The lawsuit was for a mix of back child support and unpaid maintenance. Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. 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. He had to. The mansion has been among the sources of the boxer's. 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. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. 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. 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. def. He lost the title to Mike Tyson in a second fight after winning it the first time. "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. His expenses kept his net worth somewhat depressed despite all that revenue. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. Email: jorge@brobible.com. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. How Much Did Evander Holyfield Pay For His House. The child support is really where the boxer's family debt began to get out of hand. 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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. Vitor Belforts Professional Boxing Record: Has He Boxed Before? When Holyfield went broke in 2012, he owed about $500,000 in child support. . Holyfield and Belfort will compete at heavyweight, the unlimited weight class. 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. Florida, on the other hand, saw no issue. demolished in his fight against the former UFC champion which ended in the first round. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. 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. 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. 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. The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. The home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. 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. The boxing career of Evander Holyfield was reborn after his release from prison. The $230m he earned over a. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. What happened? He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. "All boxers on this card have successfully met all requirements to be licensed by the Florida Athletic Commission," a spokesperson for the commission said. 9/9/2021 1:00 AM PT. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. 2.6K. 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. Both fighters also weren't supposed to push for a knockout. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. . While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. "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. TV News / Jon Galt. That's what a tough chin and hard hands will get you. 3 Comments. Evander Holyfield's loss is Rick Ross' gain. After suffering his first loss in boxing, what now for Jake Paul? In total, Holyfield married three women and was divorced twice. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Published: January 6 2014 22:05. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. He recently fought Mike Tyson back in May 2021, and now the 58-year-old Holyfield will be returning to the ring once more to defy age and deliver more knockouts. It was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. Women's boxing pound-for-pound rankings: Did Baumgardner do enough to overtake Serrano? After all, the perils of riches lay mostly in how they're spent. His liabilities from his period bloomed into various directions as his creditors came knocking. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. More families mean more money, and Holyfield has several families. 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. 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? 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. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. 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. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. Gambling related content is not intended for anyone under the age of 21. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. I know all the things that's necessary to be safe. Tour Evander Holyfield's Former Mansion. A Division of NBCUniversal. It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. 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. "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). Mayweather's weight limit was 160 pounds; Paul's was 190. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. 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. READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. Evander Holyfield is one of those fighters. Copyright 2008-2023 BroBible. As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in. 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. Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. 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. 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. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . Money, of course. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. 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. . "You are absolutely right," Holyfield said. But today, he only holds a small fraction of his former net worth. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. In July of 1988 . Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. 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. B/R's combat sports team was in the house for "Triller . That was Belfort's fourth loss in six Octagon appearances. 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. 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. Evander Holyfield in his prime was a massive draw in boxing. 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. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. It reports come after it was found that Oscar De La Hoya has tested positive for . He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. 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. 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. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. 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. And keeping such a massive space with so many amenities had many extra costs. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. The property, which is located in Atlanta, Georgia, is worth $5.8 million. Holyfield took out a mortgage for $14 million on the home. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. Evander Holyfield by TKO, 1: . Given the FAC's decision, Holyfield has completed this evaluation. But his enormous mansion turned out to be a much larger drain on his resources. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. Lets dive into his earnings, his expenses, and his personal history to find out. Copyright 2023 Endgame360 Inc. All Rights Reserved. Evander Holyfield is one of those fighters. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. But after retirement, athletes across all sports regularly end up in financially compromised situations. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. Full Spectrum Services LLP 2022 | All Rights Reserved. How did Evander Holyfield lose all his money? foot guest house, a 12-stall barn, and a five-acre lake. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. Holyfield didn't . . For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. And he seems happy again. 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. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. The suit threatened Holyfield with jail time if he didn't pay up. 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. 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. 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 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.