The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. 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. All rights reserved. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. 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. Smith received cash and property from the 2012 divorce, including child and spousal support. 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. 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. But today, he only holds a small fraction of his former net worth. Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. 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. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. Both fighters also weren't supposed to push for a knockout. 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. When Holyfield went broke in 2012, he owed about $500,000 in child support. It remains to be seen how safe it is for a 58-year-old to compete. A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. . Videos by OutKick. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. 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. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. 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. Florida, on the other hand, saw no issue. 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. Even recouping proved to be a financial loss. He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". All Rights Reserved. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. Fighting Lopez creates a better opportunity for Taylor, but can he beat him? When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. 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. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Peek inside this epic slice of superstar real estate. Regardless, the Commission will be supervising the fight.". The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. First, an ongoing divorce settlement wrapped up after he bought his home. Stop the dumbass TMZ headlines please! How did Evander Holyfield lose his house . 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. And that was in 2006, a first-round KO victory in his native Brazil. 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!. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. 9/9/2021 1:00 AM PT. This upkeep accounted for an additional $1 million in expenses every year. 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. In the first round, Tyson defeated him. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. "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. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. Jorge is a Miami native and lifelong Heat fan. Fans are concerned for Evander Holyfield, who seemed to struggle on the ads during the open workouts for the media. Data is a real-time snapshot *Data is delayed at least 15 minutes. PrivacyAboutContactAdvertisingHave a News Tip? During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. 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. Holyfield also committed to paying for his three childrens private educations as a personal commitment. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. After all, the perils of riches lay mostly in how they're spent. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. Dan saying Holyfield earned 5-6 million dollars tonight. 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. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? Holyfield also committed to paying for the private education of all three of his children. 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. For one, he's making multiple millions, sources told ESPN. "You are absolutely right," Holyfield said. . The property is located in Atlanta, Georgia and priced at $5.8 million. Is this the result of systemic racism somebody tell your president an Vice President that one black man sold this monstrous mansion for millions to another black man happens all the time not in china but here in this great country mfers. 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. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . 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. Get this delivered to your inbox, and more info about our products and services. 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. 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. Copyright 2023 Endgame360 Inc. All Rights Reserved. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. Holyfield has 11 children from five different mothers, according to the Independent. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. "I've had no money to pay lawyers and had to fight on my own in court and that ain't easy." It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. def. Evander Holyfield is one of those fighters. But why fight at all if you're Holyfield? A passionate learner in the world of professional writing, and an ardent Manchester United fan. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. Only he knows. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. . Holyfield will step into the ring after more than a decade of inactivity. The event never happened, leading to a contractual dispute between Holyfield and Triller. That's what a tough chin and hard hands will get you. More families mean more money, and Holyfield has several families. 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. 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. His career took off after he won the IBF world title in 1996. 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. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. 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. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. Regardless of the overriding ethical questions at play, 58-year-old Evander Holyfield is still set to headline a boxing pay-per-view card on Saturday in the year 2021 against 44-year-old former . The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. Vitor Belforts Professional Boxing Record: Has He Boxed Before? 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. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. Vitor Belforts pressure proved to be too much for Evander Holyfield. 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? Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. June 6, 2021, 5:50 pmupdated June 7, 2021, 6:18 am According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Money, of course. Sign up for free newsletters and get more CNBC delivered to your inbox. The Reason Evander Holyfield Lost His Money. 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. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. "We have approved this as a full pro bout," the commission said. After the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. The fight will be contested over eight, two-minute rounds with 12-ounce gloves. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . I do what I have to do.". "When you don't have others looking out for you, everybody's taking something for themself. Roman Reigns & Usos Removed From Smackdown? The suit threatened Holyfield with jail time if he didn't pay up. At his peak, Evander Holyfield had a reported net worth of $200 million. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. Get the Daily OutKick and get smarter every day. What happened? 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. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. And he seems happy again. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. At his peak, Evander Holyfield had a reported net worth of $200 million. "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.". But his enormous mansion turned out to be a much larger drain on his resources. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. by And with his kids happy, healthy, and doing well in school, Evander Holyfield couldnt be happier with where it all ended up. Today, his wealth is stabilized at around $500,000. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. And he seems happy again. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. 2023 CNBC LLC. As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in. Rapper Rick Ross purchased the home in 2014. 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? The mansion stands at 45,000 square feet and is situated on more than 235 acres. That was Belfort's fourth loss in six Octagon appearances. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. How did Evander Holyfield lose all his money? arrivals in the venue shortly after 6 p.m.an hour before the pay-per-view broadcast got started. Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. Allan Binoy is a Combat Sports Author at EssentiallySports. 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. "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 divorces were certainly costly, but not nearly as expensive as his obligations to his children. 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. 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. He ended up selling his mansion for less than half the amount he bought it for. 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. 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. In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. Evander Holyfield estimates he earned more than $300 million from his 57-fight career. "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. Silva upset Julio Cesar Chavez Jr. this summer in Mexico, and now fights Ortiz, who will be making his boxing debut. During his career Holyfield earned an estimated $230 million in. 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. 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. demolished in his fight against the former UFC champion which ended in the first round. One of his six sons is Elijah Esaias Holyfield, a footballerrepresenting the Carolina Panthers in the NFL. 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 is one of the greats of the boxing world. This meant that his per-fight revenue and marketability were extremely high. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. "Man, they were stealing, just stealing, stealing.". The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. 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 around half a million dollars, including brand deals. 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. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. 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. 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. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. The 54,000 square-foot mansion is also the largest in Georgia. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. 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. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. The full extent of Holyfield's financial woes were revealed on CNBC'sBack in the Game, where baseball legend and financial success Alex Rodriguez attempts to help former athletes fight out of money troubles. Mike Tyson chomps on the ear of Evander Holyfield in the third round of their WBA heavyweight bout in Las Vegas in 1997. Given the FAC's decision, Holyfield has completed this evaluation. It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. His then-18-year-old daughter sued him for $300,000 of it. I know all the things that's necessary to be safe. When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. Email: jorge@brobible.com. "If Holyfield doesn't want this to go on his BoxRec due to his age, we'll allow him to make the decision and still follow all the other rules," Triller co-founder Ryan Kavanaugh told ESPN. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. The true price was even higher, however. Other financial losses came from Evander Holyfield's home life. (via @OmarESPN) pic.twitter.com/wlR89gCjJC, ESPN Ringside (@ESPNRingside) September 12, 2021. TMZ.com. 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. His record: 15-40-3, 1 KO. 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. When they were set to fight in Los Angeles on the same date, the fight was 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. 3 Comments. 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. He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. 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. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. Basically, the boxer had more kids and ex-wives than he could reasonably afford. 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. Oscar de la Hoya Sad Hospitalization Video Leaks, Id like to announce that I will be making a comeback to the ring.I will be fighting in exhibition matches for a great cause.. Allan is a semi-professional 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. Holyfield threw a left hook and Belfort stepped inside with. Evander Holyfield's loss is Rick Ross' gain. 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. However, he lost all his money almost as quickly as he earned it. Tour Evander Holyfield's Former Mansion. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. And he remained on the hook for that massive mortgage. Evander Holyfield by TKO, 1: . A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. The property, which is located in Atlanta, Georgia, is worth $5.8 million. It ended up going for half of what he bought it for. he's bragging about making an outrageous amount of cash for the gig, and his deal has a . "All I know is it's a fight and they got the rules. 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 lawsuit was for a mix of back child support and unpaid maintenance. 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. Lets dive into his earnings, his expenses, and his personal history to find out. Women's boxing pound-for-pound rankings: Did Baumgardner do enough to overtake Serrano? To demonstrate its commitment to investing in distressed assets, the bank purchased this property. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. Holyfield took out a mortgage for $14 million on the home. By: Holly Aguirre. foot guest house, a 12-stall barn, and a five-acre lake. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. However, he lost all his money almost as quickly as he earned it. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. So what does Holyfield say to those who say he shouldn't be fighting at 58? California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight.