"If he had the right team behind him, he would have never lost his fortune.". Evander Holyfield by TKO, 1: . demolished in his fight against the former UFC champion which ended in the first round. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. 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. The property is located in Atlanta, Georgia and priced at $5.8 million. 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? In his prime, Evander Holyfield made millions of dollars each fight, with his highest-earning purses coming from the Iron Mike Tyson fights. Evander Holyfield reigned supreme as both a cruiserweight and a heavyweight champion. Stop the dumbass TMZ headlines please! Was it worth his pride? Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. Evander Holyfield is one of those fighters. According to Bleacher Report, the exhibition fight has been postponed and no new date has been announced, though there are tentative plans for it to be mid-June. That's what a tough chin and hard hands will get you. "He did not have a team to protect his money while he was making millions, and today there is no one in his corner to help him establish his blue-chip brand," Rodriguez told CNBC. The Reason Evander Holyfield Lost His Money - Grunge.com So, what does Rosss new home have to offer? 2.6K. Donald Trump Getting 'Obscene' Amount of Money for Calling Holyfield Fight Evander Holyfield's Mansion Under Foreclosure - CNBC 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. How did Evander Holyfield lose his house . Even recouping proved to be a financial loss. The cost includes unlimited replays for all fights in the event until Dec. 11, so . "[I want to]pass this onto my kids, where they won't have to worry about the same thing," Holyfieldtold CNBC. Football, basketball, boxing, it didn't matter. "At least I'm fighting somebody that I know I can protect myself [against]. 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. A tiered movie theater seats a staggering total of 135, and a formal dining room area can accommodate 100 guests quite comfortably. Gambling related content is not intended for anyone under the age of 21. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. 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. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. However, it's not a foregone conclusion this will be an official bout. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. 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. In the former heavyweight champ's case, the risk outweighed the rewards by a large margin. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. While the payout made this fight a big deal, it isn't what made it the most famous and well-known fight in history. 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. Evander Holyfield's Net Worth in 2021: Is He Still Rich? 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. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. Even if this bout proceeds as an official fight, Holyfield -- one month shy of his 59th birthday -- won't be the oldest boxer to partake in a professional fight. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. Fighters 154 pounds and above typically wear 10-ounce gloves. How did Evander Holyfield lose all his money? | News | Fans Share Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. Tour Evander Holyfield's Former Mansion. He announced his retirement after the bout. "This is the first time my kids ever told me 'Dad, you don't need to be getting hit,'" Holyfield said. 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. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. 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. He is currently "If Triller and the fighters elect to not have this go on BoxRec, we will honor that request, but pro boxing rules will still apply with judges, scoring and a clear winner just as if it were a pro bout.". A post shared by Evander Holyfield (@evanderholyfield). In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. We want to hear from you. The property, which is located in Atlanta, Georgia, is worth $5.8 million. Holyfield threw a left hook and Belfort stepped inside with. The companys purchase of the Holyfield property shows its commitment to investing in distressed assets. Evander Holyfield spent a huge portion of his fortune building a mansion only to be left with no funds to maintain it. def. 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. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. 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. 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. 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. Vitor Belforts pressure proved to be too much for Evander Holyfield. Peek inside this epic slice of superstar real estate. 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's Heavyweight Manse Sells For Measly $5.8M De La Hoya-Belfort was set to take place at Staples Center in Los Angeles. 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. Evander Holyfield had to sell 109-room mansion to Rick Ross after Owing nearly $15 million on the property with no end to his debt in site, Holyfield sold the absolutely massive Fayetteville mansionconsidered the largest single-family home in the state of Georgiato a bank in 2012 for $7.5 million. 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. (via @OmarESPN) pic.twitter.com/wlR89gCjJC, ESPN Ringside (@ESPNRingside) September 12, 2021. A Division of NBCUniversal. 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. Everything you need to know about Evander Holyfield vs. Vitor Belfort To demonstrate its commitment to investing in distressed assets, the bank purchased this property. 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. Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. In 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Roman Reigns & Usos Removed From Smackdown? The lawsuit was for a mix of back child support and unpaid maintenance. . Round-by-Round coverage: How Tommy Fury vs. Jake Paul played out, Inside the creation of Jake Paul's 'Stardust Warriors' trunks, Women's boxing divisional rankings: Thorslund, Fundora solidify spots after dominant performances, Divisional rankings: Matias, Jack make big moves after impressive wins. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. 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. 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 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. Also on the card is former heavyweight (and cruiserweight) champion David Haye who is coming out of retirement to meet Joe Fournier in a sanctioned fight. 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. And with his kids happy, healthy, and doing well in school, Evander Holyfield couldnt be happier with where it all ended up. Holyfield sold it to the bank in 12 under foreclosure lol.. How can a house regardless of price or size be insane? And keeping such a massive space with so many amenities had many extra costs. What happened? Three divorce settlements quickly slashed his net worth in half, along with child support payments to eleven children by six different women. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. Evander Holyfield is one of heavyweight boxings greats; He made around $230m during . 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. When they were set to fight in Los Angeles on the same date, the fight was an exhibition. Allan is a semi-professional Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. Holyfield has 11 children with six different women, and provides ongoing financial support to them, news.com.au reported. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. Vitor Belforts Professional Boxing Record: Has He Boxed Before? All Rights Reserved. TMZ.com. He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. Indeed, Belfort is a 44-year-old who has had only one pro boxing match. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. The companys purchase of the property is a sign of its commitment to investing in distressed assets. Trump Talked as Holyfield Got Pummeled. Just Another Day in Boxing's And he seems happy again. Florida -- a Triller Fight Club pay-per-view -- after the California State Athletic . So why did the 58-year-old retired boxer take on the fight on short notice knowing there was a good chance he would embarrass himself? Evander Holyfield and Russian giant Nikolai Valuev fight in Zurich, Switzerland in 2008. READ MORE: *Chisora looking past Parker *Another win for Fa *SBW fight on hold. The home was said by Daily Mail to cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. The property is located in Atlanta, Georgia and priced at $5.8 million. The whole thing's about protection. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. The home, which Holyfield lost due to foreclosure a year prior, has a. Rapper Rick Ross purchased the home in 2014. 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. The Real Winners and Losers from the Evander Holyfield-Vitor Belfort Lets go inside Rick Ross stunning home in New York. But why fight at all if you're 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. 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. "When you don't have others looking out for you, everybody's taking something for themself. Evander Holyfield vs. Vitor Belfort: Preview, fight prediction, picks Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. "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. How Rick Ross' $5.8 Million 'Coming to America' Mansion Is Paying For 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. The mansion stands at 45,000 square feet and is situated on more than 235 acres. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. 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. Evander Holyfield's loss is Rick Ross' gain. The event never happened, leading to a contractual dispute between Holyfield and Triller. 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. 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. Even recouping proved to be a financial loss. Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. 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 . 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. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. More families mean more money, and Holyfield has several families. The home had 109 rooms, a gigantic 135 seat theater, a 100 seat dining room, and a bowling alley. The boxing career of Evander Holyfield was reborn after his release from prison. It reports come after it was found that Oscar De La Hoya has tested positive for . A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . That was Belfort's fourth loss in six Octagon appearances. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. Email: jorge@brobible.com. Earlier this year, Holyfield signed a deal with Triller to meet Kevin McBride in an exhibition bout on June 5 on the undercard of Teofimo Lopez-George Kambosos. 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. 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.