Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. So what does Holyfield say to those who say he shouldn't be fighting at 58? At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . 3 Comments. After the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. Get the Daily OutKick and get smarter every day. In 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". Today that would be about $52,400,000. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. 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? More so, he's still chasing a lucrative third fight with Tyson. 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. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. 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. When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. Evander Holyfield is one of those fighters. Mike Tyson chomps on the ear of Evander Holyfield in the third round of their WBA heavyweight bout in Las Vegas in 1997. Peek inside this epic slice of superstar real estate. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. He lost the title to Mike Tyson in a second fight after winning it the first time. Donald Trump is doing way more than calling a fight this weekend . With lawsuits and penalties to the IRS, Holyfields net worth drastically dropped until it stabilized at around $500,000. 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. A landscaping company sued him for $550,000 for unpaid services. "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.". However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. 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. 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. TMZ.com. 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. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. Holyfield reportedly spent an additional $1.5 million on furnishings and decor for the home. The companys purchase of the property is a sign of its commitment to investing in distressed assets. California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. 2.6K. Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. 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. When Holyfield went broke in 2012, he owed about $500,000 in child support. 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!. We want to hear from you. I know all the things that's necessary to be safe. 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. 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. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. How did Evander Holyfield lose all his money? During his career Holyfield earned an estimated $230 million in. Get this delivered to your inbox, and more info about our products and services. And he remained on the hook for that massive mortgage. 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. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. Here's why men die younger than women and how to fix it, China's shrinking population: What it means for the global economy, Oil companies made $200 billion in profits in 2022. 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 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.. 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. 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. Only he knows. Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. "If he had the right team behind him, he would have never lost his fortune.". The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. Got a confidential news tip? by Holyfield didn't . Holyfield also committed to paying for the private education of all three of his children. 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. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. 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. 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. 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 once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. "We have approved this as a full pro bout," the commission said. Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. Smith received cash and property from the 2012 divorce, including child and spousal support. Indeed, Belfort is a 44-year-old who has had only one pro boxing match. 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. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. Was it worth his pride? 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. This meant that his per-fight revenue and marketability were extremely high. By: Holly Aguirre. 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. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. The boxing career of Evander Holyfield was reborn after his release from prison. 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 . Vitor Belforts pressure proved to be too much for Evander Holyfield. 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.
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