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Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. 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. Rodriguez said Holyfield was let down by the people around him during his fighting days. "We have approved this as a full pro bout," the commission said. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. The home, which Holyfield lost due to foreclosure a year prior, has a. 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. "I used to be foolish, but I ain't foolish no more.". He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. Football, basketball, boxing, it didn't matter. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. 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. 2023 CNBC LLC. by Even recouping proved to be a financial loss. Holyfield took out a mortgage for $14 million on the home. Money, of course. 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He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. This meant that his per-fight revenue and marketability were extremely high. 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. Lets go inside Rick Ross stunning home in New York. 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. The fight will be contested over eight, two-minute rounds with 12-ounce gloves. Everything you need to know about Evander Holyfield vs. Vitor Belfort, The triumph of Michael B. Jordan and Jonathan Majors in Creed III. Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. The event never happened, leading to a contractual dispute between Holyfield and Triller. A Division of NBCUniversal. Rapper Rick Ross purchased the home in 2014. But after retirement, athletes across all sports regularly end up in financially compromised situations. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. 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. 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. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. Full Spectrum Services LLP 2022 | All Rights Reserved. "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). In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. It reports come after it was found that Oscar De La Hoya has tested positive for . The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. Vitor Belforts Professional Boxing Record: Has He Boxed Before? 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. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. Lets dive into his earnings, his expenses, and his personal history to find out. Got a confidential news tip? TV News / Jon Galt. 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 . However, he lost all his money almost as quickly as he earned it. California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. They did not release the earnings of these boxers to the public. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. 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. Women's boxing pound-for-pound rankings: Did Baumgardner do enough to overtake Serrano? 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. The true price was even higher, however. Holyfield also committed to paying for the private education of all three of his children. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. How Much Did Evander Holyfield Pay For His House. 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. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. 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 told the programme: "It is hard to fall down, and I kind of feel like everything is too late. 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. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. And he seems happy again. I know all the things that's necessary to be safe. Even recouping proved to be a financial loss. The home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Vitor Belforts pressure proved to be too much for Evander Holyfield. The divorces were certainly costly, but not nearly as expensive as his obligations to his children. pursuing a bachelor's degree in English Literature. 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 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. 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. He is currently The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. So, what does Rosss new home have to offer? We want to hear from you. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. The Reason Evander Holyfield Lost His Money. Get this delivered to your inbox, and more info about our products and services. 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 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. demolished in his fight against the former UFC champion which ended in the first round. "We've spoken to Holyfield and Vitor and the commission; no matter what, this will be scored as a pro fight, there will be a clear winner and it will be treated with pro rules.". ", "It's kind of hard to turn down a big sum of something when you know you can do it. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . This upkeep accounted for an additional $1 million in expenses every year. 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. 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. Email: jorge@brobible.com. . Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. The property, which is located in Atlanta, Georgia, is worth $5.8 million. Today that would be about $52,400,000. Get the Daily OutKick and get smarter every day. First, an ongoing divorce settlement wrapped up after he bought his home. Evander Holyfield spent a huge portion of his fortune building a mansion only to be left with no funds to maintain it. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. 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. "Man, they were stealing, just stealing, stealing.". But his enormous mansion turned out to be a much larger drain on his resources. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. Gambling related content is not intended for anyone under the age of 21. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. A post shared by Evander Holyfield (@evanderholyfield). The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. There is no reason why we cannot achieve this, according to 36-year-old Andy. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. Holyfield will step into the ring after more than a decade of inactivity. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". 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. His liabilities from his period bloomed into various directions as his creditors came knocking. It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. His record: 15-40-3, 1 KO. 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. 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. 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. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. Alejandro Avila 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. In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. The mansion stands at 45,000 square feet and is situated on more than 235 acres. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. Evander Holyfield VS Mike Tyson - "The Sound and the Fury" AKA "The Bite Fight" in 1997 This is the fight with the 4th highest payout of $35,000,000. The boxing career of Evander Holyfield has been marked by highs and lows. After suffering his first loss in boxing, what now for Jake Paul? Evander Holyfield by TKO, 1: . 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. All Rights Reserved. In 1998, Holyfield paid $8.1 million for a 54,000-square-foot mansion in Atlanta. 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. Donald Trump is doing way more than calling a fight this weekend . The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. The cost includes unlimited replays for all fights in the event until Dec. 11, so . Evander Holyfield's loss is Rick Ross' gain. 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. 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. 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 threw a left hook and Belfort stepped inside with. foot guest house, a 12-stall barn, and a five-acre lake. 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.