Evander Holyfield Lost Most of His Earnings to Financial Issues; Here's His Remaining Net Worth

What is Evander Holyfield's net worth?

Evander Holyfield, a retired American professional boxer known for some of the most legendary and controversial bouts in the history of the sport, managed to bag a $1 million net worth. Despite facing financial challenges, he earned $230 million during his 26-year career, as per CelebrityNetWorth. Born in Alabama, Holyfield relocated to Georgia and lived along with his siblings and mother in Bowen Homes Housing Projects. His childhood was not that easy but her survived and followed his passion to become a boxer at the age of seven. At 13, he qualified and competed in the Junior Olympics and became the champion in the Southeastern Regional tournament at 15. Holyfield began as a light heavyweight, winning a bronze medal at the 1984 Summer Olympics before transitioning to the cruiserweight division. Holyfield's impressive journey saw him capture titles in multiple weight classes, including Lineal, IBF, and WBC cruiserweight titles. In 1990, he made his mark in the heavyweight division by defeating Buster Douglas for multiple heavyweight titles, becoming a four-time World Heavyweight Champion.

What are Evander Holyfield's sources of income?

Evander Holyfield's primary source of income throughout his career was professional boxing, as he competed in varying weight divisions, including Heavyweight, Cruiserweight, and Light-Heavyweight. His victories over notable fighters, endorsements, and fight earnings contributed significantly to his income.

He has defeated legendary fighters like George Foreman, Larry Holmes, Riddick Bowe, Mike Tyson (twice), and many others. Despite a controversial disqualification in a 1997 match against Mike Tyson, Holyfield continued to excel in the ring. Post-retirement, he remained active in the entertainment industry and founded Real Deal Records.

Tony Robbins, the American author and coach shares in his podcast the ups and downs Holyfield faced while giving some fruitful life lessons to the young ones looking to follow his path. Tony also focuses, and praises Evander for his dedication and devotion to his career. As Holyfield always says, boxing is not just a physical battle but is the amalgamation of physical body, psychology, spirit, and soul coming together.

He says, “If you keep believing, eventually you’re going to start winning.”

As for the right mindset, Holyfield adds that, “90% of the whole fight is how you think.”

He goes on to add that, “Good habits allow you to succeed when you’re not even trying to.”

Real estate and other assets

Holyfield's notable asset was his 109-room Atlanta mansion, which was eventually lost to foreclosure. The mansion was 54,000 square feet and cost over $1 million annually to maintain. After foreclosure, it was sold at a public auction for $7.5 million. Besides his investments, Holyfield launched his own music company by the name Real Deal Records signing Exhale and several other groups. He had also released his popular video game "Evander Holyfield's Real Deal Boxing" for the console Sega Genesis. Launching a line of cooking products and calling it Real Deal Grill made him really famous. Holyfield also appeared in several endorsements including Coke, Zaxby's, Coca-Cola, and earned $1.2 million annually with just his public appearances. 

Social media following

Personal life and financial issues

Evander Holyfield has been married multiple times and has 11 children from his relationships. Despite suffering financial losses, he continued to provide for the living of his eleven children but was declared  "flat broke and bankrupt" in 2012. The financial strain was mostly due to his lavish spending, court cases, regional debts, and divorce alimonies. In the entertainment industry, he made cameo appearances in TV shows like "Fresh Prince of Bel-Air" and movies like "Summer of Sam," "Necessary Roughness," and "Blood Salvage." He also participated in reality shows such as "Dancing with the Stars" and "Celebrity Big Brother." Despite his enormous earnings during his boxing career, Holyfield faced severe financial challenges. Many of his prized possessions, including his Olympic bronze medal, were sold at auction to cover debts and obligations. These financial issues resulted in his current net worth of $1 million, a fraction of his career earnings.

Awards and recognition

One of Holyfield's most significant achievements was being inducted into the International Boxing Hall of Fame in 2017. He is also ranked at No. 9 in BoxRec's list of the greatest pound-for-pound boxers of all time.

FAQs

What is Evander Holyfield's current net worth?

Evander Holyfield's net worth is approximately $1 million.

Why did Mike Tyson lose to Holyfield?

Tyson was disqualified after multiple attempts to bite Holyfield during a fight.

Who defeated Holyfield in boxing?

Holyfield was eventually defeated by Riddick Bowe.

What is Holyfield’s connection to Georgia?

Holyfield along with his eight siblings and mother moved to Georgia. He was raised and calls the country his home. 

How Does Evander Holyfield Spend His Money?

Holyfield spent most of his money on real estate and in Las Vegas and Atlantic City's casinos.

What happened to Evander Holyfield's fortune?

Evander lost $200 million due to his sister illegally demanding a mortgage on his mansion.