His total earnings were around half a million dollars, including brand deals. 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. In the first round, Tyson defeated him. The boxing career of Evander Holyfield has been marked by highs and lows. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. That distinction belongs to Steve Ward, whose final fight came months before his 60th birthday. 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 . Holyfield threw a left hook and Belfort stepped inside with. Evander Holyfield spent a huge portion of his fortune building a mansion only to be left with no funds to maintain it. Sign up for free newsletters and get more CNBC delivered to your inbox. However, he lost all his money almost as quickly as he earned it. Jorge is a Miami native and lifelong Heat fan. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. Full Spectrum Services LLP 2022 | All Rights Reserved. How did Evander Holyfield lose all his money? He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. 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. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. In 1998, the first world heavyweight title was awarded. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. The pay-per-view begins at 8 p.m. The divorces were certainly costly, but not nearly as expensive as his obligations to his children. The Biltmore House Americas Largest Private Home, Making The Most Informed Home Purchase: Understanding The Benefits Of Cash Sales And Home Appraisals, A Guide To Accurately Appraising A Home: Tips For Buyers And Sellers, Maximizing Profit When Flipping A House: How Appraisal Value Can Make Or Break A Flip. 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 . BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. 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. Published: January 6 2014 22:05. Dade Countys finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. 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. Belfort hasn't fought since May 2018, a second-round KO loss to Lyoto Machida at UFC 224. A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . Evander Holyfield is one of those fighters. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. Evander Holyfield in his prime was a massive draw in boxing. "We have approved this as a full pro bout," the commission said. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Copyright 2023 Endgame360 Inc. All Rights Reserved. He finished his career at 53 years old with five losses in his final seven bouts. Tour Evander Holyfield's Former Mansion. The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. His expenses kept his net worth somewhat depressed despite all that revenue. Holyfield took out a mortgage for $14 million on the home. Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. 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. Lets dive into his earnings, his expenses, and his personal history to find out. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? There is no reason why we cannot achieve this, according to 36-year-old Andy. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. TV News / Jon Galt. Here's a look back at the time Evander Holyfield lost his extravagant 109-bedroom house following a series of poor business decisions and investments. 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 . You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. Dade County's finest Rick Ross has officially purchased a 109-room mansion from boxing great Evander Holyfield. So, what does Rosss new home have to offer? In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. I do what I have to do.". 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. 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. More so, he's still chasing a lucrative third fight with Tyson. 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. How did Evander Holyfield lose his house . 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. Email: jorge@brobible.com. And keeping such a massive space with so many amenities had many extra costs. 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. In addition to an in-house bowling alley, the home is about as close to a sportsmans paradise as one will find. And with his kids happy, healthy, and doing well in school, Evander Holyfield couldnt be happier with where it all ended up. Lets go inside Rick Ross stunning home in New York. Silva upset Julio Cesar Chavez Jr. this summer in Mexico, and now fights Ortiz, who will be making his boxing debut. 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 spent $5.8 million on the Georgia estate he purchased from Evander Holyfield, which included 109 rooms. Mayweather's weight limit was 160 pounds; Paul's was 190. Holyfield owed the IRS twice as much money, with his plight hitting the headlines . 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. "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.". he's bragging about making an outrageous amount of cash for the gig, and his deal has a . A passionate learner in the world of professional writing, and an ardent Manchester United fan. The same Independent piece notes that Holyfield spent $10 million on a massive 45,000 square foot mansion. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. A dedicated pro wrestling follower for more than a decade who feels fortunate to express the love for the art through writing. Holyfield reportedly spent an additional $1.5 million on furnishings and decor for the home. 2023 CNBC LLC. The deal also required Holyfield to fund his sons future education by filling an account with $100,000. Holyfield didn't . "When you don't have others looking out for you, everybody's taking something for themself. "Man, they were stealing, just stealing, stealing.". Today that would be about $52,400,000. "I used to be foolish, but I ain't foolish no more.". Mike Tyson chomps on the ear of Evander Holyfield in the third round of their WBA heavyweight bout in Las Vegas in 1997. 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. More families mean more money, and Holyfield has several families. Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. We want to hear from you. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. If Holyfield was in the ring from the 90s to the early 2000s, tens of millions of dollars wouldve been headed his way. Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. Holyfield also went through three divorces. How Much Did Evander Holyfield Pay For His House. "All I know is it's a fight and they got the rules. Football, basketball, boxing, it didn't matter. Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. by A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. His career took off after he won the IBF world title in 1996. 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. The mansion has been among the sources of the boxer's. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. The biggest monetary problem for Holyfield turned out to be the massive mansion that he bought for $10 million. arrivals in the venue shortly after 6 p.m.an hour before the pay-per-view broadcast got started. After all, the perils of riches lay mostly in how they're spent. 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.. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. The $230m he earned over a. 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. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. Gambling related content is not intended for anyone under the age of 21. One of his six sons is Elijah Esaias Holyfield, a footballerrepresenting the Carolina Panthers in the NFL. His record: 15-40-3, 1 KO. 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. Oscar de la Hoya Sad Hospitalization Video Leaks. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. His liabilities from his period bloomed into various directions as his creditors came knocking. Vitor Belforts pressure proved to be too much for Evander Holyfield. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. Evander Holyfields net worth has been reduced by half as a result of his mortgage default. The Reason Evander Holyfield Lost His Money. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. His final professional fight was on July 14, 1968, at the age of 48. He defaulted on his mortgage at exactly the wrong time. 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. Rodriguez said Holyfield was let down by the people around him during his fighting days. 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.