Rodriguez said Holyfield was let down by the people around him during his fighting days. The $230m he earned over a. Evander Holyfield's loss is Rick Ross' gain. Even recouping proved to be a financial loss. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. Email: jorge@brobible.com. 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. 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. In July of 1988 . His career took off after he won the IBF world title in 1996. "I used to be foolish, but I ain't foolish no more.". 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. "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. Alejandro Avila As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in. His then-18-year-old daughter sued him for $300,000 of it. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. Got a confidential news tip? How did Evander Holyfield lose his house . "We have approved this as a full pro bout," the commission said. His liabilities from his period bloomed into various directions as his creditors came knocking. Jorge is a Miami native and lifelong Heat fan. 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. "You are absolutely right," Holyfield said. 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. Peek inside this epic slice of superstar real estate. So what does Holyfield say to those who say he shouldn't be fighting at 58? With lawsuits and penalties to the IRS, Holyfields net worth drastically dropped until it stabilized at around $500,000. 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. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. Does Rick Ross own a multi-million dollar mansion in Georgia? He lost the title to Mike Tyson in a second fight after winning it the first time. 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. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. 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. "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 home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. Holyfield also committed to paying for his three childrens private educations as a personal commitment. "All boxers on this card have successfully met all requirements to be licensed by the Florida Athletic Commission," a spokesperson for the commission said. Holyfield also went through three divorces. 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. 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. 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. Evander Holyfield is one of the greats of the boxing world. Smith received cash and property from the 2012 divorce, including child and spousal support. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. 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. Fighters 154 pounds and above typically wear 10-ounce gloves. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. Copyright 2008-2023 BroBible. 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. 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. Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. The home, which Holyfield lost due to foreclosure a year prior, has a. 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 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. Stop the dumbass TMZ headlines please! For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. 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. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. 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 boxing career of Evander Holyfield has been marked by highs and lows. The boxing career of Evander Holyfield was reborn after his release from prison. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. After suffering his first loss in boxing, what now for Jake Paul? "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. It was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. "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. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. 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. Featured in the Eddie Murphy sequel Coming 2 America, boxing champ Evander Holyfield's one-time home in Fayetteville, Georgia, covers 44,234 square feet. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. The lawsuit was for a mix of back child support and unpaid maintenance. In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. It ended up going for half of what he bought it for. 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.. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. 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. Everything you need to know about Evander Holyfield vs. Vitor Belfort, The triumph of Michael B. Jordan and Jonathan Majors in Creed III. Oscar de la Hoya Sad Hospitalization Video Leaks. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. Boxing pound-for-pound rankings: Bivol keeps winning and moving up; Haney earns top 10 spot, A megafight is set: Here's what's at stake when Gervonta Davis faces Ryan Garcia in April, Gervonta Davis' arrest history: Timeline of abuse and hit-and-run charges and denials, Oscar De La Hoya tested positive for COVID, Real or Not: Evander Holyfield shouldn't be in a ring; Jake Paul should face a real boxer next, De La Hoya tests positive; Belfort-Holyfield on tap, When Floyd Mayweather-Logan Paul met in an exhibition match in June. I know all the things that's necessary to be safe. 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. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. In the first round, Tyson defeated him. How Much Did Evander Holyfield Pay For His House. One of his six sons is Elijah Esaias Holyfield, a footballerrepresenting the Carolina Panthers in the NFL. More so, he's still chasing a lucrative third fight with Tyson. His record: 15-40-3, 1 KO. Holyfield reportedly spent an additional $1.5 million on furnishings and decor for the home. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. His final professional fight was on July 14, 1968, at the age of 48. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. Get this delivered to your inbox, and more info about our products and services. Dan Rafael (@DanRafael1) September 12, 2021. He defaulted on his mortgage at exactly the wrong time. 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. Round-by-Round coverage: How Tommy Fury vs. Jake Paul played out, Inside the creation of Jake Paul's 'Stardust Warriors' trunks, Women's boxing divisional rankings: Thorslund, Fundora solidify spots after dominant performances, Divisional rankings: Matias, Jack make big moves after impressive wins. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. At his peak, Evander Holyfield had a reported net worth of $200 million. The fight will be contested over eight, two-minute rounds with 12-ounce gloves. TMZ.com. Gambling related content is not intended for anyone under the age of 21. I do what I have to do.". Only he knows. Rapper Rick Ross purchased the home in 2014. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. Dan saying Holyfield earned 5-6 million dollars tonight. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. He finished his career at 53 years old with five losses in his final seven bouts. And he remained on the hook for that massive mortgage. Donald Trump is doing way more than calling a fight this weekend . 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? Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. The whole thing's about protection. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. 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. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. foot guest house, a 12-stall barn, and a five-acre lake. . football player for Diego Juniors FC. He is currently Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. Both fighters also weren't supposed to push for a knockout. 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, who retired from boxing in 2000, is now focused on his property and training business. 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. 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 . 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. The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. Allan is a semi-professional Holyfield also committed to paying for the private education of all three of his children. Evander Holyfield is one of those fighters. During his career Holyfield earned an estimated $230 million in. 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. 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. "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.". "I've had no money to pay lawyers and had to fight on my own in court and that ain't easy." 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. Football, basketball, boxing, it didn't matter. "When you don't have others looking out for you, everybody's taking something for themself. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. 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. However, he lost all his money almost as quickly as he earned it. It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . 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. Mayweather's weight limit was 160 pounds; Paul's was 190. But his enormous mansion turned out to be a much larger drain on his resources. First, an ongoing divorce settlement wrapped up after he bought his home. 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. By: Holly Aguirre. Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. arrivals in the venue shortly after 6 p.m.an hour before the pay-per-view broadcast got started. "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. The child support is really where the boxer's family debt began to get out of hand. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. 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. The pay-per-view begins at 8 p.m. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. Indeed, Belfort is a 44-year-old who has had only one pro boxing match. However, he lost all his money almost as quickly as he earned 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. But today, he only holds a small fraction of his former net worth. Evander Holyfield by TKO, 1: . 3 Comments. 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. 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. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. The cost includes unlimited replays for all fights in the event until Dec. 11, so . Was it worth his pride? At his peak, Evander Holyfield had a reported net worth of $200 million. What happened? Lets go inside Rick Ross stunning home in New York. 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. Regardless, the Commission will be supervising the 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. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. His total earnings were around half a million dollars, including brand deals. Vitor Belforts pressure proved to be too much for Evander Holyfield. 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. demolished in his fight against the former UFC champion which ended in the first round. Get the Daily OutKick and get smarter every day. Evander Holyfield spent a huge portion of his fortune building a mansion only to be left with no funds to maintain it. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. 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. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. It reports come after it was found that Oscar De La Hoya has tested positive for . . PrivacyAboutContactAdvertisingHave a News Tip? Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. But why fight at all if you're Holyfield? In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. 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. The property is located in Atlanta, Georgia and priced at $5.8 million. 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 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 mansion stands at 45,000 square feet and is situated on more than 235 acres. Copyright 2023 Endgame360 Inc. All Rights Reserved. Evander Holyfield is one of those fighters. He had to. The property, which is located in Atlanta, Georgia, is worth $5.8 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. 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. 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. 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. Florida, on the other hand, saw no issue. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. 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]. 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. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. He ended up selling his mansion for less than half the amount he bought it for. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield.