3 Comments. But after retirement, athletes across all sports regularly end up in financially compromised situations. "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. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. "We have approved this as a full pro bout," the commission said. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . Get the Daily OutKick and get smarter every day. 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. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. 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. 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. The cost includes unlimited replays for all fights in the event until Dec. 11, so . Holyfield has 11 children from five different mothers, according to the Independent. 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. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. 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 lost the title to Mike Tyson in a second fight after winning it the first time. At his peak, Evander Holyfield had a reported net worth of $200 million. 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. Roman Reigns & Usos Removed From Smackdown? Published: January 6 2014 22:05. Given the FAC's decision, Holyfield has completed this evaluation. Basically, the boxer had more kids and ex-wives than he could reasonably afford. His then-18-year-old daughter sued him for $300,000 of it. 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. Rodriguez said Holyfield was let down by the people around him during his fighting days. Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. 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. He ended up selling his mansion for less than half the amount he bought it for. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. pursuing a bachelor's degree in English Literature. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Both fighters also weren't supposed to push for a knockout. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. Email: jorge@brobible.com. That was Belfort's fourth loss in six Octagon appearances. Holyfield will step into the ring after more than a decade of inactivity. 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. 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. At his peak, Evander Holyfield had a reported net worth of $200 million. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. 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. 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. All rights reserved. Money, of course. Allan Binoy is a Combat Sports Author at EssentiallySports. Allan is a semi-professional At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. The 54,000 square-foot mansion is also the largest in Georgia. 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. 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. . 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 . 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. Evander Holyfield is one of the greats of the boxing world. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. The $230m he earned over a. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. The Reason Evander Holyfield Lost His Money. 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. Evander Holyfield is one of those fighters. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. Other financial losses came from Evander Holyfield's home life. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. 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. The property is located in Atlanta, Georgia and priced at $5.8 million. Does Rick Ross own a multi-million dollar mansion in Georgia? Donald Trump is doing way more than calling a fight this weekend . A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. . It reports come after it was found that Oscar De La Hoya has tested positive for . 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. Mayweather's weight limit was 160 pounds; Paul's was 190. 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. 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. 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. football player for Diego Juniors FC. Even recouping proved to be a financial loss. 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. Evander Holyfield's loss is Rick Ross' gain. When you examine this particular event, the confusion is even greater. In the first round, Tyson defeated him. And he seems happy again. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. "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. 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. "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. Even recouping proved to be a financial loss. 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. 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 . Holyfield took out a mortgage for $14 million on the home. Women's boxing pound-for-pound rankings: Did Baumgardner do enough to overtake Serrano? 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. Lets go inside Rick Ross stunning home in New York. "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. 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. All Rights Reserved. The companys purchase of the property is a sign of its commitment to investing in distressed assets. However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. His liabilities from his period bloomed into various directions as his creditors came knocking. 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. Evander Holyfield is one of those fighters. 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. The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. Evander Holyfield in his prime was a massive draw in boxing. California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. "At least I'm fighting somebody that I know I can protect myself [against]. After the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. "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. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. After all, the perils of riches lay mostly in how they're spent. The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. It ended up going for half of what he bought it for. 2023 CNBC LLC. However, he lost all his money almost as quickly as he earned it. 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 . 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. Outkick is a company that produces videos. Alejandro Avila Florida, on the other hand, saw no issue. Only he knows. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. The fight will be contested over eight, two-minute rounds with 12-ounce gloves. A dedicated pro wrestling follower for more than a decade who feels fortunate to express the love for the art through writing. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. The property, which is located in Atlanta, Georgia, is worth $5.8 million. And that was in 2006, a first-round KO victory in his native Brazil. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. 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. Fighters 154 pounds and above typically wear 10-ounce gloves. 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. 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. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. 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. In total, Holyfield married three women and was divorced twice. 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. 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. 9/9/2021 1:00 AM PT. 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. "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.". "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.". His total earnings were around half a million dollars, including brand deals. 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. 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. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. 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. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. 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. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. How did Evander Holyfield lose his house . The mansion stands at 45,000 square feet and is situated on more than 235 acres. There is no reason why we cannot achieve this, according to 36-year-old Andy. Regardless of the overriding ethical questions at play, 58-year-old Evander Holyfield is still set to headline a boxing pay-per-view card on Saturday in the year 2021 against 44-year-old former . 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. def. Indeed, Belfort is a 44-year-old who has had only one pro boxing match. When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. Get this delivered to your inbox, and more info about our products and services. he failed to pay back more than a half . https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. 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.. 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. 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. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. So what does Holyfield say to those who say he shouldn't be fighting at 58? But his enormous mansion turned out to be a much larger drain on his resources. One of his six sons is Elijah Esaias Holyfield, a footballerrepresenting the Carolina Panthers in the NFL. The mansion has been among the sources of the boxer's. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. Lets dive into his earnings, his expenses, and his personal history to find out. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. Silva upset Julio Cesar Chavez Jr. this summer in Mexico, and now fights Ortiz, who will be making his boxing debut. Vitor Belforts Professional Boxing Record: Has He Boxed Before? A Division of NBCUniversal. Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. 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. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. 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. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. 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. In July of 1988 . 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. 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. 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. His career took off after he won the IBF world title in 1996. 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.
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