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. 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. 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. Even recouping proved to be a financial loss. In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. And he remained on the hook for that massive mortgage. . "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. Alejandro Avila pursuing a bachelor's degree in English Literature. But why fight at all if you're Holyfield? Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. "At least I'm fighting somebody that I know I can protect myself [against]. His total earnings were around half a million dollars, including brand deals. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. Everything you need to know about Evander Holyfield vs. Vitor Belfort, The triumph of Michael B. Jordan and Jonathan Majors in Creed III. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. Football, basketball, boxing, it didn't matter. The mansion stands at 45,000 square feet and is situated on more than 235 acres. Evander Holyfield is one of the greats of the boxing world. Fans are concerned for Evander Holyfield, who seemed to struggle on the ads during the open workouts for the media. foot guest house, a 12-stall barn, and a five-acre lake. 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 spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. And he seems happy again. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. . He is currently The companys purchase of the property is a sign of its commitment to investing in distressed assets. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. Get the Daily OutKick and get smarter every day. Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. 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.. 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. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. The property includes a basketball court, a tennis court, a gym, a pool and a home theater. He announced his retirement after the bout. Stop the dumbass TMZ headlines please! "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). 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. PrivacyAboutContactAdvertisingHave a News Tip? In July of 1988 . 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. Rapper Rick Ross purchased the home in 2014. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. For one, he's making multiple millions, sources told ESPN. As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in. June 6, 2021, 5:50 pmupdated June 7, 2021, 6:18 am Outkick is a company that produces videos. He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. "When you don't have others looking out for you, everybody's taking something for themself. And keeping such a massive space with so many amenities had many extra costs. 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 . The divorces were certainly costly, but not nearly as expensive as his obligations to his children. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. 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. In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. Only he knows. Was it worth his pride? How did Evander Holyfield lose all his money? Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. Videos by OutKick. After suffering his first loss in boxing, what now for Jake Paul? First, an ongoing divorce settlement wrapped up after he bought his home. "All boxers on this card have successfully met all requirements to be licensed by the Florida Athletic Commission," a spokesperson for the commission said. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. How did Evander Holyfield lose all his money? | News | Fans Share And that was in 2006, a first-round KO victory in his native Brazil. The $230m he earned over a. A passionate learner in the world of professional writing, and an ardent Manchester United fan. The Five Biggest Boxing Pay Days In History - Money Inc Lets dive into his earnings, his expenses, and his personal history to find out. In total, Holyfield married three women and was divorced twice. Evander Holyfield in his prime was a massive draw in boxing. Yes, Holyfield is 58. arrivals in the venue shortly after 6 p.m.an hour before the pay-per-view broadcast got started. 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. A landscaping company sued him for $550,000 for unpaid services. Regardless, the Commission will be supervising the fight.". When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. Evander Holyfield: Boxing great who 'lost everything' smiling again 3 Comments. Gambling related content is not intended for anyone under the age of 21. The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. Holyfield took out a mortgage for $14 million on the home. More families mean more money, and Holyfield has several families. Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. 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 lawsuit was for a mix of back child support and unpaid maintenance. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. Evander Holyfield's Mansion Under Foreclosure - CNBC 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 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. The pay-per-view begins at 8 p.m. His record: 15-40-3, 1 KO. In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. 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. How Rick Ross' $5.8 Million 'Coming to America' Mansion Is Paying For When Holyfield went broke in 2012, he owed about $500,000 in child support. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. 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. By: Holly Aguirre. "If he had the right team behind him, he would have never lost his fortune.". What happened? Evander Holyfield is one of those fighters. But today, he only holds a small fraction of his former net worth. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. Money, of course. Both fighters also weren't supposed to push for a knockout. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. He ended up selling his mansion for less than half the amount he bought it for. 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. After all, the perils of riches lay mostly in how they're spent. 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 mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. "I used to be foolish, but I ain't foolish no more.". 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. The boxing career of Evander Holyfield has been marked by highs and lows. 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. 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. Copyright 2023 Endgame360 Inc. All Rights Reserved. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. 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. 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!. Evander Holyfield had to sell 109-room mansion to Rick Ross after At his peak, Evander Holyfield had a reported net worth of $200 million. Donald Trump is doing way more than calling a fight this weekend . Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. 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. It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. Evander Holyfield lost his $20 million mansion because he couldn - CNBC Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. 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. Holyfield also committed to paying for his three childrens private educations as a personal commitment. Where did $312 million go? Boxing champ Evander Holyfield on his lost Dan Rafael (@DanRafael1) September 12, 2021. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. football player for Diego Juniors FC. The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. 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 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. Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. 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. 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. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. 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. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. Donald Trump Getting 'Obscene' Amount of Money for Calling Holyfield Fight 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. 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. They did not release the earnings of these boxers to the public. His career took off after he won the IBF world title in 1996. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. 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. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. He finished his career at 53 years old with five losses in his final seven bouts. "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, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. 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. "You are absolutely right," Holyfield said. This meant that his per-fight revenue and marketability were extremely high. He defaulted on his mortgage at exactly the wrong time. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. 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. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . Lets go inside Rick Ross stunning home in New York. Evander Holyfield Net Worth | Celebrity Net Worth "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. 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. I do what I have to do.". The first thing to know about having a lot of money is there's a lot more money to spend, and former champion Evander Holyfield did a lot of spending. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. The cost includes unlimited replays for all fights in the event until Dec. 11, so . But his enormous mansion turned out to be a much larger drain on his resources. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. Everything you need to know about Evander Holyfield vs. Vitor Belfort Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. 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. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. It reports come after it was found that Oscar De La Hoya has tested positive for . 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. Full Spectrum Services LLP 2022 | All Rights Reserved. The suit threatened Holyfield with jail time if he didn't pay up. 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. Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. Florida, on the other hand, saw no issue. 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. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. Tour Evander Holyfield's Former Mansion - HGTV The Reason Evander Holyfield Lost His Money. We want to hear from you. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. How did Evander Holyfield lose his house . 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