Only he knows. Money, of course. Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. 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. "I used to be foolish, but I ain't foolish no more.". Even recouping proved to be a financial loss. It was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. Published: January 6 2014 22:05. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. Outkick is a company that produces videos. I know all the things that's necessary to be safe. And he seems happy again. 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. "Man, they were stealing, just stealing, stealing.". If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. The companys purchase of the property is a sign of its commitment to investing in distressed assets. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. Holyfield didn't . Evander Holyfield in his prime was a massive draw in boxing. 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. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . 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 wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. The $230m he earned over a. His expenses kept his net worth somewhat depressed despite all that revenue. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. 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. Even recouping proved to be a financial loss. 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. 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. 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. 9/9/2021 1:00 AM PT. 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. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. 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. 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. 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 Holyfield is one of heavyweight boxings greats; He made around $230m during . Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. Holyfield will step into the ring after more than a decade of inactivity. Holyfield threw a left hook and Belfort stepped inside with. Dan saying Holyfield earned 5-6 million dollars tonight. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. 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. 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. The opening bout of the pay-per-view bout is the lone fight that features two world-class boxers: a 130-pound fight between fringe contenders Andy Vences and Jono Carroll. Rapper Rick Ross purchased the home in 2014. Holyfield's Heavyweight Manse Sells For Measly $5.8M 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 . Football, basketball, boxing, it didn't matter. In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. The Real Winners and Losers from the Evander Holyfield-Vitor Belfort The child support is really where the boxer's family debt began to get out of hand. However, he lost all his money almost as quickly as he earned it. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. Regardless, the Commission will be supervising the fight.". Holyfield owed the IRS twice as much money, with his plight hitting the headlines . The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. Evander Holyfield's Mansion Under Foreclosure - CNBC They did not release the earnings of these boxers to the public. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. Evander Holyfield by TKO, 1: . The property is located in Atlanta, Georgia and priced at $5.8 million. TMZ.com. 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. Evander Holyfield Tossed out of His Private White House 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. 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. Smith received cash and property from the 2012 divorce, including child and spousal support. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. Rick Ross Buys Evander Holyfield's 109-Room Mansion in Georgia 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. Gambling related content is not intended for anyone under the age of 21. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. 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. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. I do what I have to do.". "You are absolutely right," Holyfield said. He announced his retirement after the bout. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. Indeed, Belfort is a 44-year-old who has had only one pro boxing match. 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. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. Tour Evander Holyfield's Former Mansion. Get the Daily OutKick and get smarter every day. ET. But why fight at all if you're Holyfield? Vitor Belfort stops Evander Holyfield in first, calls out Jake Paul for Evander Holyfield lost his $20 million mansion because he couldn - CNBC 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. All rights reserved. When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. The divorces were certainly costly, but not nearly as expensive as his obligations to his children. Allan is a semi-professional The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. PrivacyAboutContactAdvertisingHave a News Tip? In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. 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. "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. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. Fighters 154 pounds and above typically wear 10-ounce gloves. 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. 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 will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. 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. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. It ended up going for half of what he bought it for. 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. At his peak, Evander Holyfield had a reported net worth of $200 million. Rick Ross Pays for New $3.5 Million House in Cash - XXL - XXL Mag 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. From there, Holyfield would go on to hold the heavyweight world title four times, and, more notably, have a chunk of his ear bitten off live at MGM Grand Garden Arena by Mike Tyson in 1997. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. The fight will be contested over eight, two-minute rounds with 12-ounce gloves. As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in. That was Belfort's fourth loss in six Octagon appearances. The boxing career of Evander Holyfield was reborn after his release from prison. Holyfield also went through three divorces. 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. Evander Holyfield's Net Worth in 2021: Is He Still Rich? Other financial losses came from Evander Holyfield's home life. 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. Does Rick Ross own a multi-million dollar mansion in Georgia? By: Holly Aguirre. Mike Tyson chomps on the ear of Evander Holyfield in the third round of their WBA heavyweight bout in Las Vegas in 1997. And he seems happy again. 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. The 54,000 square-foot mansion is also the largest in Georgia. The boxing career of Evander Holyfield has been marked by highs and lows. Holyfield also committed to paying for his three childrens private educations as a personal commitment. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. 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. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. 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. Where did $312 million go? Boxing champ Evander Holyfield on his lost 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. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. Peek inside this epic slice of superstar real estate. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. Full Spectrum Services LLP 2022 | All Rights Reserved. He had to. 2.6K. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. His final professional fight was on July 14, 1968, at the age of 48. How did Evander Holyfield lose all his money? That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. 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. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. Sign up for free newsletters and get more CNBC delivered to your inbox. Evander Holyfield vs. Vitor Belfort: Preview, fight prediction, picks