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. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? PrivacyAboutContactAdvertisingHave a News Tip? 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. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. Football, basketball, boxing, it didn't matter. "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. Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. After the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. I do what I have to do.". According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. But his enormous mansion turned out to be a much larger drain on his resources. Holyfield vs. Belfort fight results: Ex-MMA star knocks out Evander "All boxers on this card have successfully met all requirements to be licensed by the Florida Athletic Commission," a spokesperson for the commission said. 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. TV News / Jon Galt. Tour Evander Holyfield's Former Mansion. Mike Tyson chomps on the ear of Evander Holyfield in the third round of their WBA heavyweight bout in Las Vegas in 1997. And keeping such a massive space with so many amenities had many extra costs. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. After suffering his first loss in boxing, what now for Jake Paul? DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. And he seems happy again. Fighters 154 pounds and above typically wear 10-ounce gloves. 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. This meant that his per-fight revenue and marketability were extremely high. 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 . Evander Holyfield vs. Vitor Belfort: Preview, fight prediction, picks 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. All rights reserved. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. The home, which Holyfield lost due to foreclosure a year prior, has a. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. The property includes a basketball court, a tennis court, a gym, a pool and a home theater. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER. Both fighters also weren't supposed to push for a knockout. Sign up for free newsletters and get more CNBC delivered to your inbox. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. 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. "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. The $230m he earned over a. Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. Given the FAC's decision, Holyfield has completed this evaluation. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. But after retirement, athletes across all sports regularly end up in financially compromised situations. In the first round, Tyson defeated him. And he remained on the hook for that massive mortgage. His final professional fight was on July 14, 1968, at the age of 48. "Man, they were stealing, just stealing, stealing.". 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. "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.". His expenses kept his net worth somewhat depressed despite all that revenue. For one, he's making multiple millions, sources told ESPN. At Evander Holyfields absolute peak and accounting for spending, he was likely worth just over $200 million total at his peak according to Networth Buzz. 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. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. "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 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. However, he lost all his money almost as quickly as he earned it. How Did the 1976 & 1984 USA Olympians Do As Pro's? Allan is a semi-professional Evander Holyfield by TKO, 1: . Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. They did not release the earnings of these boxers to the public. 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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 . Got a confidential news tip? 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. The cost includes unlimited replays for all fights in the event until Dec. 11, so . Holyfield will step into the ring after more than a decade of inactivity. Mansion has been the ideal location for two movies, Superfly and Coming 2 America. 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. Roman Reigns & Usos Removed From Smackdown? Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. "I used to be foolish, but I ain't foolish no more.". Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. 2023 CNBC LLC. The boxing career of Evander Holyfield has been marked by highs and lows. The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. Copyright 2023 Endgame360 Inc. All Rights Reserved. B/R's combat sports team was in the house for "Triller . The Reason Evander Holyfield Lost His Money. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. Even recouping proved to be a financial loss. . In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. The pay-per-view begins at 8 p.m. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. At 58 years old, Evander Holyfield is returning to the boxing ring to face MMA legend Vitor Belfort. Report: Rick Ross Buys Evander Holyfield's Mansion - realtor.com Rick Ross Buys Insane 109-Room Mansion From Evander Holyfield I know all the things that's necessary to be safe. . According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. 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. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. When Holyfield went broke in 2012, he owed about $500,000 in child support. But why fight at all if you're Holyfield? When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. Holyfield also went through three divorces. By: Holly Aguirre. Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. 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. 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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. 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. 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. "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. Outkick is a company that produces videos. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. Yes, Holyfield is 58. Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. 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. 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. 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. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. All Rights Reserved. Evander Holyfield is one of those fighters. How Much Did Evander Holyfield Make For His Boxing Return Against Was it worth his pride? Evander Holyfield's Mansion Under Foreclosure - CNBC This upkeep accounted for an additional $1 million in expenses every year. 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. Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. Holyfield also committed to paying for his three childrens private educations as a personal commitment. The Five Biggest Boxing Pay Days In History - Money Inc California, which has more stringent regulations, declined to license Holyfield to fight, whether it was in an exhibition or an official fight. The property is located in Atlanta, Georgia and priced at $5.8 million. 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. The folks at Redfin have confirmed that rapper Rick Ross has purchased the monstrous former Fayetteville home of boxer Evander "Real Deal" Holyfield and that he got it for a relative steal . 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. Rick Ross spends $5.8 million for Evander Holyfield's Georgia mansion 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. 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. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. 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. Holyfield and Belfort will compete at heavyweight, the unlimited weight class. 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. And that was in 2006, a first-round KO victory in his native Brazil. "You are absolutely right," Holyfield said. Stop the dumbass TMZ headlines please! Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. Fighting Lopez creates a better opportunity for Taylor, but can he beat him? 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. The whole thing's about protection. Surely it wasn't, but it may have been a bit easier had the former champion not blown all his cash on mansions, cars, and gambling. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in. So, what does Rosss new home have to offer? Vitor Belforts pressure proved to be too much for Evander Holyfield. 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. And he seems happy again. by Evander Holyfield Paycheck For Belfort Fight Leaks - Wrestling-Edge 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. football player for Diego Juniors FC. 3 Comments. Holyfield took out a mortgage for $14 million on the home. 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. . 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. Trump Talked as Holyfield Got Pummeled. Just Another Day in Boxing's "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. 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. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . pursuing a bachelor's degree in English Literature. Indeed, Belfort is a 44-year-old who has had only one pro boxing match. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. Rodriguez said Holyfield was let down by the people around him during his fighting days. 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 mansion has been among the sources of the boxer's. foot guest house, a 12-stall barn, and a five-acre lake. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. And with his kids happy, healthy, and doing well in school, Evander Holyfield couldnt be happier with where it all ended up. 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. The $230m he earned over a. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. Holyfield has 11 children from five different mothers, according to the Independent. At his peak, Evander Holyfield had a reported net worth of $200 million. Only he knows. Evander Holyfield is one of those fighters. In total, Holyfield married three women and was divorced twice. The child support is really where the boxer's family debt began to get out of hand. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. Lets go inside Rick Ross stunning home in New York. 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. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. He announced his retirement after the bout. 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.. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. 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. What happened? 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. Today that would be about $52,400,000. Holyfield reportedly spent an additional $1.5 million on furnishings and decor for the home. 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. Get the Daily OutKick and get smarter every day. At Evander Holyfield's absolute peak and accounting for spending, he was likely worth just over $200 million total at his peak according to Networth Buzz. Basically, the boxer had more kids and ex-wives than he could reasonably afford. Email: jorge@brobible.com. Peek inside this epic slice of superstar real estate. BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. Rapper Rick Ross purchased the home in 2014. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. TMZ.com. Built in 1994, the estate was originally the home of heavyweight champion Evander Holyfield. How Much Did Evander Holyfield Pay For His House. He defaulted on his mortgage at exactly the wrong time. 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 More families mean more money, and Holyfield has several families. def. A passionate learner in the world of professional writing, and an ardent Manchester United fan. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. 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. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. 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. That's what a tough chin and hard hands will get you. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. How did Evander Holyfield lose all his money? | News | Fans Share 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.