After the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. And keeping such a massive space with so many amenities had many extra costs. Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. However, it's not a foregone conclusion this will be an official bout. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. Does Rick Ross own a multi-million dollar mansion in Georgia? Vitor Belforts Professional Boxing Record: Has He Boxed Before? 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. It remains to be seen how safe it is for a 58-year-old to compete. Lets go inside Rick Ross stunning home in New York. 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. Holyfield reportedly spent an additional $1.5 million on furnishings and decor for the home. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. he failed to pay back more than a half . Full Spectrum Services LLP 2022 | All Rights Reserved. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. 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. And he remained on the hook for that massive mortgage. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? "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 addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. Evander Holyfield's loss is Rick Ross' gain. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. 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 biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. Holyfield was forced to sell his $10 million 109-room mansion for $7.5 million, which barely covered his debts. 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. But why fight at all if you're Holyfield? 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. 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. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. "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. His expenses kept his net worth somewhat depressed despite all that revenue. 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. How did Evander Holyfield lose all his money? 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. How did Evander Holyfield lose his house? - Sportskeeda "Man, they were stealing, just stealing, stealing.". Lets dive into his earnings, his expenses, and his personal history to find out. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. The Reason Evander Holyfield Lost His Money - Grunge.com 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. Rick Ross Buys Insane 109-Room Mansion From Evander Holyfield 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. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. 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. . Evander Holyfield is one of those fighters. 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. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. 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. But after retirement, athletes across all sports regularly end up in financially compromised situations. That was Belfort's fourth loss in six Octagon appearances. 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. Rick Ross Buys Evander Holyfield's 109-Room Mansion in Georgia 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? he's bragging about making an outrageous amount of cash for the gig, and his deal has a . Evander Holyfield was forced to sell his 109-room mansion to rapper Rick Ross (Image: Getty Images) The 109-room mansion in his hometown of Atlanta was labelled as a monument to his success, but was auctioned in 2008 with Ross acquiring it for 4.2million. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. 3 Comments. 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. But today, he only holds a small fraction of his former net worth. The property includes a basketball court, a tennis court, a gym, a pool and a home theater. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. Fans are concerned for Evander Holyfield, who seemed to struggle on the ads during the open workouts for the media. Fournier, a part-time boxer, scored a knockout of musical artist Reykon in April on the Jake Paul-Ben Askren undercard. The whole thing's about protection. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. arrivals in the venue shortly after 6 p.m.an hour before the pay-per-view broadcast got started. His career took off after he won the IBF world title in 1996. His fight against Vitor Belfort and the brand deals he will secure from it will help boost his net worth. 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. 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. However, after their famous second fight, Evander Holyfield earned more than $30 million in compensation. 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. When Holyfield went broke in 2012, he owed about $500,000 in child support. The cost includes unlimited replays for all fights in the event until Dec. 11, so . Everything you need to know about Evander Holyfield vs. Vitor Belfort Where did $312 million go? Boxing champ Evander Holyfield on his lost But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. 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. Donald Trump is doing way more than calling a fight this weekend . . The House That Evander Holyfield Built - Cotswold-Homes From 1984 to 1987 and 1990 to 1991, he was a three-time world heavyweight champion. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. The 54,000 square-foot mansion is also the largest in Georgia. Donald Trump Getting 'Obscene' Amount of Money for Calling Holyfield Fight He was a champion whose professional career endured from 1984 until his final fight against Sherman Williams in 2011, when Holyfield was 48 years old. The true price was even higher, however. Allan is a semi-professional Fighting Lopez creates a better opportunity for Taylor, but can he beat him? Boxing is one of the most lucrative sports around for the handful of fighters capable of making their way to the top. How did Evander Holyfield lose all his money? | News | Fans Share 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 owed the IRS twice as much money, with his plight hitting the headlines . What happened? It has purchased foreclosed properties in recent years in order to rehabilitate them and sell them to new buyers. A passionate learner in the world of professional writing, and an ardent Manchester United fan. 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. And with his kids happy, healthy, and doing well in school, Evander Holyfield couldnt be happier with where it all ended up. "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.". Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield.