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Published: January 6 2014 22:05. How did Evander Holyfield lose his house . According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. For a long time, Evander Holyfield, four time heavyweight champ, had the funds to live a lavish lifestyle. The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. He finished his career at 53 years old with five losses in his final seven bouts. 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. Everything you need to know about Evander Holyfield vs. Vitor Belfort, The triumph of Michael B. Jordan and Jonathan Majors in Creed III. 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. The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. When the housing crisis hit in 2008, Holyfield had to sell his house for less than half of what he paid for it. The property is located in Atlanta, Georgia and priced at $5.8 million. The suit threatened Holyfield with jail time if he didn't pay up. The cost includes unlimited replays for all fights in the event until Dec. 11, so . Regardless, the Commission will be supervising the fight.". He was 13-0 when he lost to WBC World Light champ Jim Watt, 36-7, in Glasgow, Scotland, in June of 1980. In 1998, the first world heavyweight title was awarded. 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 July of 1988 . 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. 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. It remains to be seen how safe it is for a 58-year-old to compete. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. The boxing career of Evander Holyfield has been marked by highs and lows. June 6, 2021, 5:50 pmupdated June 7, 2021, 6:18 am The divorces were certainly costly, but not nearly as expensive as his obligations to his children. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. "I used to be foolish, but I ain't foolish no more.". He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. "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). Today, Evander Holyfields reported net worth is $1 million, a fraction of what it was at his peak. Dan Rafael (@DanRafael1) September 12, 2021. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. 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. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. Tour Evander Holyfield's Former Mansion. But his enormous mansion turned out to be a much larger drain on his resources. 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. Donald Trump is doing way more than calling a fight this weekend . It ended up going for half of what he bought it for. Gambling related content is not intended for anyone under the age of 21. They did not release the earnings of these boxers to the public. TV News / Jon Galt. 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 competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. 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 go down in history as the boxer that dethroned Mike Tyson. Mayweather's weight limit was 160 pounds; Paul's was 190. 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. 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 in his prime was a massive draw in boxing. Holyfield won Olympic bronze at the 1984 Games as a light heavyweight before he became the greatest cruiserweight champion in boxing history. Roman Reigns & Usos Removed From Smackdown? 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 . 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 . It reports come after it was found that Oscar De La Hoya has tested positive for . Holyfield will step into the ring after more than a decade of inactivity. 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 has 11 children from five different mothers, according to the Independent. Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. arrivals in the venue shortly after 6 p.m.an hour before the pay-per-view broadcast got started. Mike Tyson chomps on the ear of Evander Holyfield in the third round of their WBA heavyweight bout in Las Vegas in 1997. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. 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. 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. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. 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. 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. In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. 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. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. It was the only fight in his career that brought in over $100 million on its own, the infamous Holyfield vs. Tyson II fight. His record: 15-40-3, 1 KO. Throughout his career, Holyfield made bank, but that's what you'd expect from a fighter of his caliber. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. "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.". 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. When you examine this particular event, the confusion is even greater. All rights reserved. The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. def. Videos by OutKick. Women's boxing pound-for-pound rankings: Did Baumgardner do enough to overtake Serrano? And he seems happy again. And keeping such a massive space with so many amenities had many extra costs. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. 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? But today, he only holds a small fraction of his former net worth. Holyfield took out a mortgage for $14 million on the home. 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. 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. Copyright 2023 Endgame360 Inc. 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. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. And yes, this will be his first fight since he defeated Brian Nielsen in 2011, capping one of the greatest in-ring careers of all time. 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. What happened? Jorge is a Miami native and lifelong Heat fan. 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 is one of those fighters. The $230m he earned over a. Holyfield also committed to paying for the private education of all three of his children. Allan Binoy is a Combat Sports Author at EssentiallySports. Money, of course. 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. When Holyfield went broke in 2012, he owed about $500,000 in child support. Only he knows. The boxing career of Evander Holyfield was reborn after his release from prison. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Evander Holyfield's amazing 109-room Georgia home he sold to Rick Ross for 4.7m boasts bowling alley, theatre and pool https://t.co . 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. By: Holly Aguirre. Got a confidential news tip? 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. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. 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. 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. Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. Copyright 2008-2023 BroBible. The lawsuit was for a mix of back child support and unpaid maintenance. Outkick is a company that produces videos. Silva upset Julio Cesar Chavez Jr. this summer in Mexico, and now fights Ortiz, who will be making his boxing debut. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. "I've had no money to pay lawyers and had to fight on my own in court and that ain't easy." Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. 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. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. 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. After all, the perils of riches lay mostly in how they're spent. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. 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. The child support is really where the boxer's family debt began to get out of hand. 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. His expenses kept his net worth somewhat depressed despite all that revenue. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. Smith received cash and property from the 2012 divorce, including child and spousal support. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. The Reason Evander Holyfield Lost His Money. The mansion has been among the sources of the boxer's. "Man, they were stealing, just stealing, stealing.". 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. Stop the dumbass TMZ headlines please! After suffering his first loss in boxing, what now for Jake Paul? I know all the things that's necessary to be safe. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. In 2008, the global housing market crashed, and he defaulted on his mortgage at the wrong time. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. The fight will be contested over eight, two-minute rounds with 12-ounce gloves. A post shared by Evander Holyfield (@evanderholyfield). Florida, on the other hand, saw no issue. During his career Holyfield earned an estimated $230 million in. It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. 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. And he seems happy again. The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. That was Belfort's fourth loss in six Octagon appearances. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. PrivacyAboutContactAdvertisingHave a News Tip? Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. But there came a point when this former International Boxing Hall of Famer was losing more money than his fists could bring in. Yes, Holyfield is 58. Lets go inside Rick Ross stunning home in New York. 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. Holyfield threw a left hook and Belfort stepped inside with. But after retirement, athletes across all sports regularly end up in financially compromised situations. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. 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. Dan saying Holyfield earned 5-6 million dollars tonight. 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. Both fighters also weren't supposed to push for a knockout. foot guest house, a 12-stall barn, and a five-acre lake. Football, basketball, boxing, it didn't matter. More families mean more money, and Holyfield has several families. But why fight at all if you're Holyfield? One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. The property, which is located in Atlanta, Georgia, is worth $5.8 million. In 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. 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Belfort is 14 years younger than Holyfield and looks to be in much better shape than the former champ. 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. I do what I have to do.". Evander Holyfield estimates he earned more than $300 million from his 57-fight career. Indeed, Belfort is a 44-year-old who has had only one pro boxing match. 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. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. 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. 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. We want to hear from you. 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. Alejandro Avila And he remained on the hook for that massive mortgage. 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. His liabilities from his period bloomed into various directions as his creditors came knocking. From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. 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. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. Get the Daily OutKick and get smarter every day. Even recouping proved to be a financial loss. 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. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. He lost the title to Mike Tyson in a second fight after winning it the first time. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. The home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. 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. More so, he's still chasing a lucrative third fight with Tyson. In total, Holyfield married three women and was divorced twice. He defaulted on his mortgage at exactly the wrong time.