Today that would be about $52,400,000. 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 mansion stands at 45,000 square feet and is situated on more than 235 acres. A Division of NBCUniversal. "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. Evander Holyfield is one of those fighters. 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. 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's bragging about making an outrageous amount of cash for the gig, and his deal has a . It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. 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. PrivacyAboutContactAdvertisingHave a News Tip? 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. But after retirement, athletes across all sports regularly end up in financially compromised situations. The home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Evander Holyfield to pay $36,000 a year in child support But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. In July of 1988 . Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. Donald Trump is doing way more than calling a fight this weekend . However, he lost all his money almost as quickly as he earned it. Published: January 6 2014 22:05. As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in. 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. Everything you need to know about Evander Holyfield vs. Vitor Belfort 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? 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. By: Holly Aguirre. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. Lets go inside Rick Ross stunning home in New York. The boxing career of Evander Holyfield has been marked by highs and lows. His expenses kept his net worth somewhat depressed despite all that revenue. Today, his wealth is stabilized at around $500,000. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. The property is located in Atlanta, Georgia and priced at $5.8 million. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. Alejandro Avila The $230m he earned over a. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. Atlantas 109-room mansion, which was built as a monument to his success, was auctioned off in 2008 for 4.2 million, with Ross purchasing it. Allan Binoy is a Combat Sports Author at EssentiallySports. He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. 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During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. Rodriguez said Holyfield was let down by the people around him during his fighting days. So, what does Rosss new home have to offer? How Rick Ross' $5.8 Million 'Coming to America' Mansion Is Paying For This upkeep accounted for an additional $1 million in expenses every year. . 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. He defaulted on his mortgage at exactly the wrong time. Holyfield took out a mortgage for $14 million on the home. 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. "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 child support is really where the boxer's family debt began to get out of hand. He had to. The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. Videos by OutKick. demolished in his fight against the former UFC champion which ended in the first round. 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. He is currently Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. Tour Evander Holyfield's Former Mansion - HGTV The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. 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 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 won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. The property is located in Atlanta, Georgia and priced at $5.8 million. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. Evander Holyfield's loss is Rick Ross' gain. Evander Holyfield's Net Worth in 2021: Is He Still Rich? 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. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. 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. He announced his retirement after the bout. Trump Talked as Holyfield Got Pummeled. Just Another Day in Boxing's For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. Other financial losses came from Evander Holyfield's home life. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. 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. Yes, Holyfield is 58. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. However, it's not a foregone conclusion this will be an official bout. 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. 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. And keeping such a massive space with so many amenities had many extra costs. 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. Dan saying Holyfield earned 5-6 million dollars tonight. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. 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. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. "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. Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. 2.6K. Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. 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 spent a huge portion of his fortune building a mansion only to be left with no funds to maintain it. 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. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. 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. Evander Holyfield Paycheck For Belfort Fight Leaks - Wrestling-Edge Email: jorge@brobible.com. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. 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. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. arrivals in the venue shortly after 6 p.m.an hour before the pay-per-view broadcast got started. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. Holyfield threw a left hook and Belfort stepped inside with. And that was in 2006, a first-round KO victory in his native Brazil. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. 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. 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. However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. Peek inside this epic slice of superstar real estate. 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. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. Holyfield also committed to paying for the private education of all three of his children. How Did Evander Holyfield Lose Over $200 Million of His - Sportscasting The cost includes unlimited replays for all fights in the event until Dec. 11, so . That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. "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). Donald Trump Getting 'Obscene' Amount of Money for Calling Holyfield Fight 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. Stop the dumbass TMZ headlines please! All rights reserved. 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. 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 . Evander Holyfield Apparently Made $5-6 Million For Getting - BroBible What happened? Holyfield's Heavyweight Manse Sells For Measly $5.8M 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. During his career Holyfield earned an estimated $230 million in. His career took off after he won the IBF world title in 1996. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. At his peak, Evander Holyfield had a reported net worth of $200 million. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. With lawsuits and penalties to the IRS, Holyfields net worth drastically dropped until it stabilized at around $500,000. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. That's what a tough chin and hard hands will get you. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. 9/9/2021 1:00 AM PT. Fans are concerned for Evander Holyfield, who seemed to struggle on the ads during the open workouts for the media. Jorge is a Miami native and lifelong Heat fan. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. A landscaping company sued him for $550,000 for unpaid services. Rapper Rick Ross purchased the home in 2014. The boxing career of Evander Holyfield was reborn after his release from prison. 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. 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. 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. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. 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. 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. he failed to pay back more than a half . The House That Evander Holyfield Built - Cotswold-Homes In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. That was Belfort's fourth loss in six Octagon appearances. 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. All Rights Reserved. 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. The whole thing's about protection. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. 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. "I used to be foolish, but I ain't foolish no more.". They did not release the earnings of these boxers to the public. Holyfield will step into the ring after more than a decade of inactivity. June 6, 2021, 5:50 pmupdated June 7, 2021, 6:18 am 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. The 54,000 square-foot mansion is also the largest in Georgia. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. And he remained on the hook for that massive mortgage. Evander Holyfield by TKO, 1: . Vitor Belforts Professional Boxing Record: Has He Boxed Before? 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 . Holyfield reportedly spent an additional $1.5 million on furnishings and decor for the home. Boxing, however, is a free-for-all, and by comparison, $6 million for a title fight or whatever Holyfield and Trump are being paid for whatever Saturday night's event was is a veritable. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. Copyright 2023 Endgame360 Inc. All Rights Reserved. foot guest house, a 12-stall barn, and a five-acre lake. 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. 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. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. football player for Diego Juniors FC. Does Rick Ross own a multi-million dollar mansion in Georgia? Holyfield and Belfort will compete at heavyweight, the unlimited weight class. The $230m he earned over a. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. The lawsuit was for a mix of back child support and unpaid maintenance. 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. 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: Boxing great who 'lost everything' smiling again 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. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . Even recouping proved to be a financial loss. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. Copyright 2008-2023 BroBible. pursuing a bachelor's degree in English Literature. 3 Comments. 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. "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. Basically, the boxer had more kids and ex-wives than he could reasonably afford. His liabilities from his period bloomed into various directions as his creditors came knocking. The property, which is located in Atlanta, Georgia, is worth $5.8 million. Florida, on the other hand, saw no issue. In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. 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. The companys purchase of the property is a sign of its commitment to investing in distressed assets. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. 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. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. The mansion has been among the sources of the boxer's. READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. As you can probably guess, Evanders mega-manse failed to sell at auction and made its way back onto the market in December for $6.875 million. Vitor Belforts pressure proved to be too much for Evander Holyfield. More so, he's still chasing a lucrative third fight with Tyson. 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. 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. Both fighters also weren't supposed to push for a knockout. After the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. 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.