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Evander Holyfield spent a huge portion of his fortune building a mansion only to be left with no funds to maintain it. 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? 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. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. He lost by split decision to WBC champ Edwin Rosario, 23-0, in June 1984. by 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. football player for Diego Juniors FC. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. 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. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. 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. "If Holyfield doesn't want this to go on his BoxRec due to his age, we'll allow him to make the decision and still follow all the other rules," Triller co-founder Ryan Kavanaugh told ESPN. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. I know all the things that's necessary to be safe. The boxing career of Evander Holyfield has been marked by highs and lows. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. . Email: jorge@brobible.com. demolished in his fight against the former UFC champion which ended in the first round. The child support is really where the boxer's family debt began to get out of hand. His record: 15-40-3, 1 KO. 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. Got a confidential news tip? For one, he's making multiple millions, sources told ESPN. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. 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. Holyfield will fight Kevin McBride in an exhibition match that has yet to be rescheduled. 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. 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. The property is located in Atlanta, Georgia and priced at $5.8 million. Only he knows. More so, he's still chasing a lucrative third fight with Tyson. As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in. "Man, they were stealing, just stealing, stealing.". TV News / Jon Galt. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Women's boxing pound-for-pound rankings: Did Baumgardner do enough to overtake Serrano? Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. His spending habits extended beyond simple overspending and into the high-adrenaline world of risk-taking thrills. In 1998, the first world heavyweight title was awarded. After the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. Money, of course. If the commission does not sanction the match, it is being reported that the event will still be held but itll be moved to Florida. The true price was even higher, however. When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. Smith received cash and property from the 2012 divorce, including child and spousal support. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. Holyfield took out a mortgage for $14 million on the home. 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. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. Videos by OutKick. Alejandro Avila Sources told ESPN Holyfield has expressed apprehension about the fight counting toward his official record. However, he lost all his money almost as quickly as he earned it. So what does Holyfield say to those who say he shouldn't be fighting at 58? The 58-year-old Evander Holyfield has agreed to box Vitor Belfort on September 11 as per the reports of TMZ sports. 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 once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month. 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. 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. Evander Holyfield will face Vitor Belfort on 11 September at the Seminole Hard Rock Casino in Hollywood, Florida. It reports come after it was found that Oscar De La Hoya has tested positive for . One of his six sons is Elijah Esaias Holyfield, a footballerrepresenting the Carolina Panthers in the NFL. Vitor Belforts pressure proved to be too much for Evander Holyfield. The mansion has become a significant example of Georgian real estate due to its unparalleled features and recreational facilities. 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. "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.". The companys purchase of the property is a sign of its commitment to investing in distressed assets. 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. So, what does Rosss new home have to offer? 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. Evander Holyfield apparently got paid very well for his two minutes inside the ring against Vitor Belfort. Jorge is a Miami native and lifelong Heat fan. Full Spectrum Services LLP 2022 | All Rights Reserved. That's what a tough chin and hard hands will get you. Today that would be about $52,400,000. BBCestimates the Holyfield made nearly a quarter of a billion dollars over the course of his boxing career. 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. Stop the dumbass TMZ headlines please! When they were set to fight in Los Angeles on the same date, the fight was an exhibition. According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. Rapper Rick Ross purchased the home in 2014. 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 is one of those fighters. However, in a sport as lucrative as boxing, many fighters lose their career earnings in the blink of an eye. Rodriguez said Holyfield was let down by the people around him during his fighting days. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. Roman Reigns & Usos Removed From Smackdown? Catch the sneak peek, and don't miss the series premiere of "Back in the Game" Wednesday, November 6 at 10P ET on CNBC. Copyright 2023 Endgame360 Inc. All Rights Reserved. Evander Holyfield is one of those fighters. The property, which is located in Atlanta, Georgia, is worth $5.8 million. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Even recouping proved to be a financial loss. However, a story on Rolling Out revealed that one of the rappers contemporaries, Meek Mill, posted a picture of his friends purchase on Instagram. Regardless, the Commission will be supervising the fight.". Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. And he remained on the hook for that massive mortgage. "Iron" Mike's November exhibition with Roy Jones Jr. -- a Triller event -- was a massive success. He had extraordinary longevity, sticking it out for 26 years before retiring at 51 years old. 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. It was sold at a knockdown price of US$7.5m to keep the banks off his back, The Independent reported in 2012. In total, Holyfield married three women and was divorced twice. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. The Real Deal took home a bronze medal from the 1984 Olympic Games, won his first junior heavyweight title in '86, and became the undisputed cruiserweight champion in '88. Ronda Rousey Painful Health Rumor Revealed, Donald Trump Jr. 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 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. "If he had the right team behind him, he would have never lost his fortune.". Holyfield, boxing's only four-time world heavyweight champion, formally announced his retirement from the ring last year, at the age of 51. 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. But his enormous mansion turned out to be a much larger drain on his resources. 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. 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. BroBible is the #1 place on the internet for the very best content from the worlds of sports, culture, gear, high tech, and more. Another son, 22-year-old Evan, just made his professional boxing debut,knocking out opponent Nick Winstead in only 16 seconds. A passionate learner in the world of professional writing, and an ardent Manchester United fan. Holyfield didn't . 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? Lets go inside Rick Ross stunning home in New York.