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. 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. Outkick is a company that produces videos. 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. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. 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. But why fight at all if you're Holyfield? The fight will be contested over eight, two-minute rounds with 12-ounce gloves. I know all the things that's necessary to be safe. How Much Did Evander Holyfield Pay For His House. However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. 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. He is currently But his enormous mansion turned out to be a much larger drain on his resources. . The event never happened, leading to a contractual dispute between Holyfield and Triller. During his career Holyfield earned an estimated $230 million in. Evander Holyfield is one of those fighters. De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. "When you don't have others looking out for you, everybody's taking something for themself. His liabilities from his period bloomed into various directions as his creditors came knocking. "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. Evander Holyfield is one of the greats of the boxing world. 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. His final professional fight was on July 14, 1968, at the age of 48. READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. So, what does Rosss new home have to offer? Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. The Reason Evander Holyfield Lost His Money. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. Copyright 2023 Endgame360 Inc. All Rights Reserved. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. Holyfield threw a left hook and Belfort stepped inside with. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. 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. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. 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. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. 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. There is no reason why we cannot achieve this, according to 36-year-old Andy. Stop the dumbass TMZ headlines please! From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. 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. 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 cost includes unlimited replays for all fights in the event until Dec. 11, so . "It's a fight, the rules are the same," Holyfield said when asked if it would be an exhibition. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. . In 2014, a 54,000 square-foot mansion purchased by music mogul and entrepreneur Rick Ross was reported to have sold for $10 million. In 2008, when the global housing market crashed and dragged most of the worlds economy down with it, Holyfield needed to sell his home. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. The $230m he earned over a. Jorge is a Miami native and lifelong Heat fan. He spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. 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. Mike Tyson chomps on the ear of Evander Holyfield in the third round of their WBA heavyweight bout in Las Vegas in 1997. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. A dedicated pro wrestling follower for more than a decade who feels fortunate to express the love for the art through writing. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. Allan Binoy is a Combat Sports Author at EssentiallySports. 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. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Fighters 154 pounds and above typically wear 10-ounce gloves. Fighting Lopez creates a better opportunity for Taylor, but can he beat him? It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in. Holyfield will step into the ring after more than a decade of inactivity. 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 was once thought to have earned more than $230 million in a single fight purse. 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 companys purchase of the Holyfield property shows its commitment to investing in distressed assets. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. 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. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. The whole thing's about protection. He lost the title to Mike Tyson in a second fight after winning it the first time. Dan Rafael (@DanRafael1) September 12, 2021. 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. His total earnings were around half a million dollars, including brand deals. The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. 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. "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. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. "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. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. Donald Trump is doing way more than calling a fight this weekend . 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. That was Belfort's fourth loss in six Octagon appearances. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". Dan saying Holyfield earned 5-6 million dollars tonight. 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 upkeep accounted for an additional $1 million in expenses every year. 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 . Oscar de la Hoya Sad Hospitalization Video Leaks. The companys purchase of the property is a sign of its commitment to investing in distressed assets. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. In 1998, the first world heavyweight title was awarded. 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. 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 it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? Today, his wealth is stabilized at around $500,000. 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. 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. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. A passionate learner in the world of professional writing, and an ardent Manchester United fan. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. TV News / Jon Galt. 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. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. 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. 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. 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. So what does Holyfield say to those who say he shouldn't be fighting at 58? Many rooms were transformed for the latter films sequel, which was created in a suitable setting. According to BoxRec, he earned that with 44 wins across 57 fights, including 29 brutal K.O.s that helped made him a household name. At his peak, Evander Holyfield had a reported net worth of $200 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. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. 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. Given the FAC's decision, Holyfield has completed this evaluation. 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. In the first round, Tyson defeated him. 2023 CNBC LLC. Basically, the boxer had more kids and ex-wives than he could reasonably afford.