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. 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. Evander Holyfield to pay $36,000 a year in child support 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. Evander Holyfield vs. Vitor Belfort: Preview, fight prediction, picks "I used to be foolish, but I ain't foolish no more.". Even recouping proved to be a financial loss. 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. Allan is a semi-professional He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. By: Holly Aguirre. "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. 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. Vitor Belfort stops Evander Holyfield in first, calls out Jake Paul for Evander Holyfields net worth has been reduced by half as a result of his mortgage default. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. 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 . Smith received cash and property from the 2012 divorce, including child and spousal support. How Did Evander Holyfield Lose Over $200 Million of His - Sportscasting 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. Donald Trump Getting 'Obscene' Amount of Money for Calling Holyfield Fight . Evander Holyfield Tossed out of His Private White House Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. He also had to pay massive penalties to the IRS over previous non-payment when his yearly earnings were still in the tens of millions. Holyfield vs. Belfort fight results: Ex-MMA star knocks out Evander 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. He defaulted on his mortgage at exactly the wrong time. Evander Holyfield: Boxing great who 'lost everything' smiling again A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . 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. 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. We want to hear from you. Vitor Belforts pressure proved to be too much for Evander Holyfield. The pay-per-view begins at 8 p.m. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? More so, he's still chasing a lucrative third fight with Tyson. 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. "We have approved this as a full pro bout," the commission said. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. 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. The mansion stands at 45,000 square feet and is situated on more than 235 acres. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. Fighting Lopez creates a better opportunity for Taylor, but can he beat him? The mansion has been among the sources of the boxer's. Holyfield will step into the ring after more than a decade of inactivity. he failed to pay back more than a half . The $230m he earned over a. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. 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. That's what a tough chin and hard hands will get you. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. Rodriguez said Holyfield was let down by the people around him during his fighting days. Evander Holyfield's loss is Rick Ross' gain. Rick Ross Buys Evander Holyfield's 109-Room Mansion in Georgia Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. he's bragging about making an outrageous amount of cash for the gig, and his deal has a . Roman Reigns & Usos Removed From Smackdown? I know all the things that's necessary to be safe. Where did $312 million go? Boxing champ Evander Holyfield on his lost 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. More families mean more money, and Holyfield has several families. The home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. Full Spectrum Services LLP 2022 | All Rights Reserved. Everything you need to know about Evander Holyfield vs. Vitor Belfort, The triumph of Michael B. Jordan and Jonathan Majors in Creed III. It was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. Copyright 2023 Endgame360 Inc. All Rights Reserved. How Rick Ross' $5.8 Million 'Coming to America' Mansion Is Paying For At his peak, Evander Holyfield had a reported net worth of $200 million. In the first round, Tyson defeated him. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. 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. Got a confidential news tip? . 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. So, what does Rosss new home have to offer? His total earnings were around half a million dollars, including brand deals. How Much Did Evander Holyfield Pay For His House. The property includes a basketball court, a tennis court, a gym, a pool and a home theater. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. Get this delivered to your inbox, and more info about our products and services. Regardless, the Commission will be supervising the fight.". His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . 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. All rights reserved. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. Mayweather's weight limit was 160 pounds; Paul's was 190. 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? Copyright 2008-2023 BroBible. One of his six sons is Elijah Esaias Holyfield, a footballerrepresenting the Carolina Panthers in the NFL. 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.. The Reason Evander Holyfield Lost His Money. Dan saying Holyfield earned 5-6 million dollars tonight. Other financial losses came from Evander Holyfield's home life. 3 Comments. How did Evander Holyfield lose his house . 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. His liabilities from his period bloomed into various directions as his creditors came knocking. Outkick is a company that produces videos. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. 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. Everything you need to know about Evander Holyfield vs. Vitor Belfort When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. Today that would be about $52,400,000. The whole thing's about protection. B/R's combat sports team was in the house for "Triller . If the commission does not sanction the match, it is being reported that the event will still be held but itll be moved to Florida. His expenses kept his net worth somewhat depressed despite all that revenue. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. Alejandro Avila 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. 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. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. Gambling related content is not intended for anyone under the age of 21. Donald Trump is doing way more than calling a fight this weekend . Dan Rafael (@DanRafael1) September 12, 2021. "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.". TMZ.com. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. 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. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. But why fight at all if you're Holyfield? In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. TV News / Jon Galt. Brutally Kicked Out Of Bank, Joe Rogan Savagely Attacked By Sister In Video, Madonna Spotted With Famous Boxer Boyfriend, Tom Brady Direct Message To Jon Jones Leaks, Oscar de la Hoya Warns Jake Paul In Video, Broken Skull Sessions extra: McIntyre, Austin debate cats vs. dogs (Video), First look at new WWE Chronicle: Kevin Owens documentary (Video), Special look at Undertakers retirement at WWE Survivor Series (Video), Goldberg challenges Roman Reigns on WWEs The Bump: Youre Next!. He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. The lawsuit was for a mix of back child support and unpaid maintenance. They did not release the earnings of these boxers to the public. PrivacyAboutContactAdvertisingHave a News Tip? Evander Holyfield Net Worth | Celebrity Net Worth Lets dive into his earnings, his expenses, and his personal history to find out. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. However, he lost all his money almost as quickly as he earned it. How Much Did Evander Holyfield Make For His Boxing Return Against 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. But after retirement, athletes across all sports regularly end up in financially compromised situations. In 1998, the first world heavyweight title was awarded. Mike Tyson chomps on the ear of Evander Holyfield in the third round of their WBA heavyweight bout in Las Vegas in 1997. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. The 54,000 square-foot mansion is also the largest in Georgia. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. And that was in 2006, a first-round KO victory in his native Brazil. 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 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. "All boxers on this card have successfully met all requirements to be licensed by the Florida Athletic Commission," a spokesperson for the commission said. Trump Talked as Holyfield Got Pummeled. Just Another Day in Boxing's Rick Ross spends $5.8 million for Evander Holyfield's Georgia mansion