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Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. From there, Holyfield would go on to hold the heavyweight world title four times, and, more notably, have a chunk of his ear bitten off live at MGM Grand Garden Arena by Mike Tyson in 1997. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . According to Bleacher Report, the exhibition fight has been postponed and no new date has been announced, though there are tentative plans for it to be mid-June. "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). The lawsuit was for a mix of back child support and unpaid maintenance. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. How did Evander Holyfield lose all his money? Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. 2023 CNBC LLC. He had to. Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. 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 . Fans are concerned for Evander Holyfield, who seemed to struggle on the ads during the open workouts for the media. 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. And he seems happy again. 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. But after retirement, athletes across all sports regularly end up in financially compromised situations. His liabilities from his period bloomed into various directions as his creditors came knocking. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. But his enormous mansion turned out to be a much larger drain on his resources. However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. When Holyfield went broke in 2012, he owed about $500,000 in child support. 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. However, it's not a foregone conclusion this will be an official bout. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . 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.. 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. Copyright 2023 Endgame360 Inc. All Rights Reserved. PrivacyAboutContactAdvertisingHave a News Tip? he's bragging about making an outrageous amount of cash for the gig, and his deal has a . Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. 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 property is located in Atlanta, Georgia and priced at $5.8 million. Outkick is a company that produces videos. 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. Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. And keeping such a massive space with so many amenities had many extra costs. He defaulted on his mortgage at exactly the wrong time. 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. He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. 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. 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. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. His total earnings were around half a million dollars, including brand deals. In 1998, the first world heavyweight title was awarded. 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 do what I have to do.". Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. Holyfield also committed to paying for the private education of all three of his children. Florida, on the other hand, saw no issue. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. 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.. Everything you need to know about Evander Holyfield vs. Vitor Belfort, The triumph of Michael B. Jordan and Jonathan Majors in Creed III. 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. 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 . 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. Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. A passionate learner in the world of professional writing, and an ardent Manchester United fan. Jorge is a Miami native and lifelong Heat fan. 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. foot guest house, a 12-stall barn, and a five-acre lake. 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. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. 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. "When you don't have others looking out for you, everybody's taking something for themself. As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in. 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. Even recouping proved to be a financial loss. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. Sign up for free newsletters and get more CNBC delivered to your inbox. What happened? "Man, they were stealing, just stealing, stealing.". It was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. 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. Evander Holyfield was forced to sell his 109-room mansion to rapper Rick Ross (Image: Getty Images) The 109-room mansion in his hometown of Atlanta was labelled as a monument to his success, but was auctioned in 2008 with Ross acquiring it for 4.2million. The fight will be contested over eight, two-minute rounds with 12-ounce gloves. 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 . 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. 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. Roman Reigns & Usos Removed From Smackdown? by After all, the perils of riches lay mostly in how they're spent. The property includes a basketball court, a tennis court, a gym, a pool and a home theater. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. 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 mansion, which includes 12 bedrooms and 45,000 square feet, is located on 105 acres and has become a tourist attraction, according to Rozay. Evander Holyfield is one of those fighters. "We have approved this as a full pro bout," the commission said. Even recouping proved to be a financial loss. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. "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. Both fighters also weren't supposed to push for a knockout. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. 9/9/2021 1:00 AM PT. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. 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 is currently Basically, the boxer had more kids and ex-wives than he could reasonably afford. 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. 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. 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. Allan is a semi-professional And with his kids happy, healthy, and doing well in school, Evander Holyfield couldnt be happier with where it all ended up. def. During his career Holyfield earned an estimated $230 million in. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. Copyright 2008-2023 BroBible. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. Holyfield has 11 children from five different mothers, according to the Independent. In 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. "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. Donald Trump is doing way more than calling a fight this weekend . That was Belfort's fourth loss in six Octagon appearances. Peek inside this epic slice of superstar real estate. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. 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. Holyfield also committed to paying for his three childrens private educations as a personal commitment. 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. 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. Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. Money, of course. This meant that his per-fight revenue and marketability were extremely high. Evander Holyfield is one of those fighters. Vitor Belforts pressure proved to be too much for Evander Holyfield. It reports come after it was found that Oscar De La Hoya has tested positive for . His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. It ended up going for half of what he bought it for. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. 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. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. With lawsuits and penalties to the IRS, Holyfields net worth drastically dropped until it stabilized at around $500,000. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. However, he lost all his money almost as quickly as he earned it. Evander Holyfield's loss is Rick Ross' gain. 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. Evander Holyfield in his prime was a massive draw in boxing. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. Women's boxing pound-for-pound rankings: Did Baumgardner do enough to overtake Serrano? 2.6K. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. 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. Other financial losses came from Evander Holyfield's home life. 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. . Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. Mayweather's weight limit was 160 pounds; Paul's was 190. 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. After suffering his first loss in boxing, what now for Jake Paul? Alejandro Avila The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Fighting Lopez creates a better opportunity for Taylor, but can he beat him? The suit threatened Holyfield with jail time if he didn't pay up. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. Football, basketball, boxing, it didn't matter. The $230m he earned over a. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. 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. A Division of NBCUniversal. Only he knows. It remains to be seen how safe it is for a 58-year-old to compete. The pay-per-view begins at 8 p.m. TV News / Jon Galt. His record: 15-40-3, 1 KO. His expenses kept his net worth somewhat depressed despite all that revenue. 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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. The boxing career of Evander Holyfield has been marked by highs and lows. The companys purchase of the property is a sign of its commitment to investing in distressed assets. More so, he's still chasing a lucrative third fight with Tyson. 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. So why did the 58-year-old retired boxer take on the fight on short notice knowing there was a good chance he would embarrass himself? At his peak, Evander Holyfield had a reported net worth of $200 million. Silva upset Julio Cesar Chavez Jr. this summer in Mexico, and now fights Ortiz, who will be making his boxing debut. At his peak, Evander Holyfield had a reported net worth of $200 million. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. 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. Get the Daily OutKick and get smarter every day. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. More families mean more money, and Holyfield has several families. Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. MMA legend Vitor Belfort knocked out 58-year-old former heavyweight boxing champion Evander Holyfield in the main event and Anderson Silva continued to raise his stock on the boxing side of. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. . 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. The home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Tour Evander Holyfield's Former Mansion. 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. "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.". It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. 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. He ended up selling his mansion for less than half the amount he bought it for. Lets go inside Rick Ross stunning home in New York. Full Spectrum Services LLP 2022 | All Rights Reserved. Today, his wealth is stabilized at around $500,000. And he remained on the hook for that massive mortgage. The property, which is located in Atlanta, Georgia, is worth $5.8 million. He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. 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. Given the FAC's decision, Holyfield has completed this evaluation. 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. 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? 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. 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. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. 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. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. 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. The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. "I used to be foolish, but I ain't foolish no more.". "I've had no money to pay lawyers and had to fight on my own in court and that ain't easy." 3 Comments. Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. Stop the dumbass TMZ headlines please! 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. His then-18-year-old daughter sued him for $300,000 of it. BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. . Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. Does Rick Ross own a multi-million dollar mansion in Georgia? The $230m he earned over a. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. 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. I know all the things that's necessary to be safe. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. Fighters 154 pounds and above typically wear 10-ounce gloves. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. 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. Holyfield didn't . 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. By: Holly Aguirre. Yes, Holyfield is 58. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. So what does Holyfield say to those who say he shouldn't be fighting at 58? And that was in 2006, a first-round KO victory in his native Brazil. 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. Allan Binoy is a Combat Sports Author at EssentiallySports. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. B/R's combat sports team was in the house for "Triller . 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.

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