The boxing economy is supported by money from bets, promotions and pay-per-view subscribers. It is safe to say that most come from pay-per-view subscriptions, whereby big fights can cost up to $100 per person.
As you scroll down an American online casino guide, you will not fail to come across boxing bets, as it is one of the most popular sports bets. Some casino dealers offer unique live bets. The main benefit of live casino betting on boxing matches is watching the live events and seeing the game’s developments. This lets you make the right decisions on time, protecting your profits.
The boxing industry has been popular for decades, and the popularity continues to grow, evident from the boxers’ wealth. If you are a boxing fan or an enthusiastic gambler, you may be wondering how much your favorite boxers are worth.
Here is a list of some of the wealthiest boxers currently, how much they are worth, and the kind of investments they are involved in.
1. Floyd Mayweather
Floyd Mayweather is considered the wealthiest boxer of all time. He boasts a net worth of about $560 million and a salary of $300 per fight.
Floyd Mayweather is an accomplished American boxer and professional boxing promoter. Since 1996 when he started featuring in competitions, Mayweather has held multiple titles in five weight classes and has an unbeaten 50-0 record.
In addition to the boxing money, Floyd Mayweather has several other investments. For instance, he has an apparel line, TMT. He has a promotional company called Mayweather Promotions. Mayweather has been investing his resources and time in his ownership of the Money Team Racing, an American professional car racing team.
He also has the Mayweather Boxing Fitness venture that provides boxing-based fitness sessions. Mayweather is also an owner of a lavish adult club and a roller skate park in Las Vegas, which he recently purchased.
2. George Foreman
George Foreman’s boxing career kicked off with a bang when he won a gold medal in 1968 in the boxing/ heavyweight division at the Mexico City Olympic Games after defeating a veteran, Jonas Cepulis.
Foreman is a two-time World Heavyweight champion with a net worth of $300 million. He is currently not an active boxer but managed to scoop the record of the oldest world heavyweight champion at age 46. He was also allowed to come out of retirement to fight Larry Holmes.
In addition to the fortunes he got from boxing, George Foreman is a successful entrepreneur. In fact. Over 90% of his wealth stems from entrepreneurship. He is known for the famous grill brand Foreman Grill. He sold over 100 million units of the product globally. At the time, he was getting 40% of the profits for every sale. He was getting a royalty check worth $8 million every month.
In 1999, he sold commercial rights to the products for $138 million.
3. Manny Pacquiao
Manny Pacquiao has a great passion for boxing. His net worth is $220 million. Between 2008 March and 2009 November, the renowned boxer would earn $27.5 million from fights alone. The earnings did not include promotions and pay-per-view.
Manny has twelve major titles under his belt. He is also the world’s only eight-division champion in the history of boxing. He also is the first boxer to win four of the eight glamor divisions and the first boxer to scoop the lineal championship in five weight classes.
His titles speak volumes of his achievements in boxing. After defeating Keith Thurman in the WBA welterweight championship at the age of 40, he earned the title of the world’s oldest welterweight champion.
Note that Manny’s boxing records are 62-7-2. Therefore, the millions under his belt should not come as a surprise considering the number of fights he has participated in. In the last decade, he was also in the top ten list of the highest-paid athletes.
Apart from boxing, Manny is a successful entrepreneur. He has investments in real estate, a mansion in Beverly Hills, and several other properties in the Philippines. He is also said to invest in fintech, hospitality, and tour. He has his name in investments like Waterotor Energy Technologies, ONE Championship and Pacman Wildcard gym.
Other notable boxers on the list include Oscar De La Hoya, Canelo Alvarez, Lennox Lewis and Anthony Joshua, to mention a few. While some boxers have earned their wealth strictly through boxing, others like George Foreman have used fortunes earned from fighting to venture into other investments.