foot guest house, a 12-stall barn, and a five-acre lake. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. Tour Evander Holyfield's Former Mansion. He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. However, it's not a foregone conclusion this will be an official bout. The Real Winners and Losers from the Evander Holyfield-Vitor Belfort He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. 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. Today that would be about $52,400,000. 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.. Evander Holyfield by TKO, 1: . Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. "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.". Sign up for free newsletters and get more CNBC delivered to your inbox. 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. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. Copyright 2008-2023 BroBible. Holyfield will step into the ring after more than a decade of inactivity. Even recouping proved to be a financial loss. 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. All Rights Reserved. Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. Jorge is a Miami native and lifelong Heat fan. "We have approved this as a full pro bout," the commission said. 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? The divorces were certainly costly, but not nearly as expensive as his obligations to his children. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. In total, Holyfield married three women and was divorced twice. Evander Holyfield Tossed out of His Private White House TMZ.com. I do what I have to do.". Holyfield's Heavyweight Manse Sells For Measly $5.8M 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. Both fighters also weren't supposed to push for a knockout. 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. football player for Diego Juniors FC. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. 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. 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. A landscaping company sued him for $550,000 for unpaid services. Evander Holyfield is one of the greats of the boxing world. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. He lost the title to Mike Tyson in a second fight after winning it the first time. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. 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. Stop the dumbass TMZ headlines please! Holyfield has 11 children from five different mothers, according to the Independent. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. 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. How did Evander Holyfield lose his house? - Sportskeeda Full Spectrum Services LLP 2022 | All Rights Reserved. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . More so, he's still chasing a lucrative third fight with Tyson. Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. "You are absolutely right," Holyfield said. These Sports Stars Blew Millions. You Won't Believe How Videos by OutKick. The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. The Reason Evander Holyfield Lost His Money - Grunge.com However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. Evander Holyfield in his prime was a massive draw in boxing. The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. At his peak, Evander Holyfield had a reported net worth of $200 million. In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. A passionate learner in the world of professional writing, and an ardent Manchester United fan. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . "I used to be foolish, but I ain't foolish no more.". The boxing career of Evander Holyfield was reborn after his release from prison. Evander Holyfield vs. Vitor Belfort: Preview, fight prediction, picks Evander Holyfield's loss is Rick Ross' gain. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. 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 . 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. The property includes a basketball court, a tennis court, a gym, a pool and a home theater. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. His expenses kept his net worth somewhat depressed despite all that revenue. There is no reason why we cannot achieve this, according to 36-year-old Andy. 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. How did Evander Holyfield lose his house . According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. 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. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. he's bragging about making an outrageous amount of cash for the gig, and his deal has a . Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. . Holyfield didn't . Rick Ross Pays for New $3.5 Million House in Cash - XXL - XXL Mag Only he knows. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. Evander Holyfield: Boxing great who 'lost everything' smiling again He is currently Vitor Belfort stops Evander Holyfield in first, calls out Jake Paul for That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. Gambling related content is not intended for anyone under the age of 21. The House That Evander Holyfield Built - Cotswold-Homes "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. 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. Holyfield threw a left hook and Belfort stepped inside with. 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. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. Lets go inside Rick Ross stunning home in New York. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. 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. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. 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. 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. 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. The lawsuit was for a mix of back child support and unpaid maintenance. 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 has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. Fans are concerned for Evander Holyfield, who seemed to struggle on the ads during the open workouts for the media. 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!. Where did $312 million go? Boxing champ Evander Holyfield on his lost 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. Rodriguez said Holyfield was let down by the people around him during his fighting days. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. 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. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. A dedicated pro wrestling follower for more than a decade who feels fortunate to express the love for the art through writing. Football, basketball, boxing, it didn't matter. 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. Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. How did Evander Holyfield lose all his money? It reports come after it was found that Oscar De La Hoya has tested positive for . His third wife, Candi Calvana Smith, filed a restraining order against Holyfield in 2010 after he allegedly assaulted her in front of the children during a heated argument. The suit threatened Holyfield with jail time if he didn't pay up. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. Allan Binoy is a Combat Sports Author at EssentiallySports. Evander Holyfield Net Worth | Celebrity Net Worth 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. All rights reserved. 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. But today, he only holds a small fraction of his former net worth. 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. Evander Holyfield Apparently Made $5-6 Million For Getting - BroBible DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. 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. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. 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. Rick Ross Buys Insane 109-Room Mansion From Evander Holyfield But his enormous mansion turned out to be a much larger drain on his resources. 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. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. By: Holly Aguirre. 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. The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. 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. Everything you need to know about Evander Holyfield vs. Vitor Belfort Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. And he remained on the hook for that massive mortgage. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. Get the Daily OutKick and get smarter every day. 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. Get this delivered to your inbox, and more info about our products and services. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51.