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Evander Holyfield’s financial journey can serve as an inspirational comeback story against all odds. He lives in south Florida when he’s not traveling and giving speeches, which earns him a nice living. He moved from Atlanta at the invitation of a friend, who owns a boxing gym and has ties to the Hard Rock Casino across the street.
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Regardless of the outcome, Holyfield still put on a show, winning the hearts of Americans everywhere. The Olympics were America’s first taste of The Real Deal. At the weigh-in, he weighed 214 pounds, Valuev weighed a career low of 310 pounds. Round ten of that bout was named the "Round of the Year" by The Ring.
Heavyweight
At the time of the knockout, Holyfield was ahead on all three judges' scorecards, all seeing it 20–18 for Holyfield. 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 $8.2 million. It's unclear how much Ross paid for the mansion, but the starting price at an auction was $2.5 million. Now begins the massive task of restoring the gated palatial estate – which reportedly incurs yearly maintenance costs of $1 million – to its former glory. Since just about everything in the house was built on a grand scale, Ross will have his work cut out for him. The entry hall is grandeur itself, with a two-winged staircase flanking an enormous sundial mosaic in the marble floor.
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This made Holyfield the first boxer since Muhammad Ali to win a world heavyweight title three times. Holyfield won a 1997 rematch against Tyson, which saw the latter disqualified in round three for biting off part of Holyfield's ear. During this reign as champion, he also avenged his loss to Michael Moorer and reclaimed the IBF title.
As the years went on, he’d stretch to 6-foot-2 in his early 20s. Holyfield’s liabilities from this period bloomed in various directions as his creditors came knocking. A landscaping company sued him for $550,000 for unpaid services, reports Boxing Scene. 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. He defaulted on his mortgage at exactly the wrong time.
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The infamous incident occurred in the third round, when Tyson bit Holyfield on one of his ears and had two points deducted. Referee Mills Lane decided to disqualify Tyson initially, but after Holyfield and the ringside doctor intervened and said Holyfield could continue, he relented and allowed the fight to go on. Tyson bit Holyfield again, this time on the other ear. Tyson's teeth tore off a small section of the top of his opponent's ear, known as the helix, and spat that bit of flesh out onto the canvas. In what was called by The Ring as the best cruiserweight bout of the 1980s, Holyfield became world champion by defeating Qawi by a narrow 15 round split decision. He culminated 1986 with a trip to Paris, France, where he beat Mike Brothers by a knockout in three, in a non-title bout.
The fight we've all been waiting for
He appeared as himself on the Christmas special of the Fresh Prince of Bel-Air. Additionally, he appeared in movies such as Summer of Sam, Necessary Roughness, and Blood Salvage. In his first defense, he beat former and future world champion George Foreman by unanimous decision. The fight was billed as a "Battle for the Ages", a reference to the age difference between the young undefeated champion (28 years old) and the much older George Foreman (42 years old).
Light heavyweight
He grew up poor, sometimes going to school with holes in his clothes and saying little in class in hopes of not drawing attention to himself. When he hit bottom again, those memories actually comforted him, knowing he could rebound. When Holyfield lived there, he was told it cost an estimated $1.2 million per year for normal upkeep.
Exhibition bout
One judge scored the bout a draw 114–114, while the others had Valuev winning 116–112 and 115–114. Many analysts were outraged at the decision, thinking Holyfield had clearly won.[26] There was talk of a rematch in 2009. On October 13, 2007, Holyfield was defeated by Sultan Ibragimov.
Furthermore, Fayetteville is located 22 miles south of downtown Atlanta. The 15-round battle with Dwight Muhammad Qawi in The Omni for the cruiserweight title in 1986, when Holyfield suffered severe dehydration and was happy to just survive. (“It’s the closest I came to quitting.”) The knockout of Henry Tillman in his first bout as a heavyweight.
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He was considered at the end of his line and was an overwhelming underdog. But he stopped Tyson in the 11th round, then exposed him as a coward in the rematch when Tyson twice bit his ear and was disqualified. Don’t cling to the memory of the end of Holyfield’s career. Celebrate all of those fights that earned him induction. Most of the $250 million in boxing purses he earned in his career is now gone. The Real Deal’s last fight was against Brian Nielsen on May 7, 2011.
As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in. With his kids happy, healthy, and doing well in school, Evander Holyfield couldn’t be happier with where it all ended up, according to USA Today. Holyfield also committed to paying for his three children’s private educations as a personal commitment. But his enormous mansion turned out to be a much larger drain on his resources. Holyfield’s wealth was unimaginably massive, but expenses have a way of scaling up to any level. First, an ongoing divorce settlement wrapped up after he bought his home.
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At Evander Holyfield’s absolute peak and accounting for spending, he was likely worth just over $200 million. 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. Holyfield appeared as himself in the 2011 remake of Arthur. He appeared once in an episode of children animated series Phineas and Ferb.
His first television show appearance was the Christmas special of the Fresh Prince of Bel-Air in 1990, playing himself. Unsurprisingly, the gigantic home cost Holyfield around $1m a year to maintain with an electricity bill reported to be around $16,500 a month, say the Daily Mail. Holyfield and Tyson - who has his own epic $3m Las Vegas mansion - pocketed mega cash back in the day for their bouts. It came hot on the back of Mike Tyson returning to the ring for an exhibition bout against Roy Jones Jr last year. However, despite his vast wealth, reports claimed Holyfield had to sell the home at auction after running into financial difficulties.
The property also boasts a 135-seat movie theater, a dining room large enough to seat 100 guests, a bowling alley, and of course, a boxing gym. In what is considered by many sporting historians as one of the most bizarre moments in boxing's history, during round seven the crowd got off their feet and many people started to run for cover and yell. Holyfield took his eyes off Bowe for one moment and then told Bowe to look up to the skies. What they saw was a man in a parachute flying dangerously close to them. Bowe's pregnant wife, Judy, fainted and had to be taken to the hospital from the arena. Twenty minutes later, calm was restored and Holyfield went on to recover his world heavyweight titles with a close 12 round majority decision.
Holyfield left nothing to chance in his final bout, winning by TKO in Round 10. At 48, Holyfield finally gave it up, hanging the gloves up for good. The heavyweight contenders fought each other three times. Evander “The Real Deal” Holyfield dominated boxing for much of the 1980s and 90s. He boxed in the heavyweights during a great era for the weight class, going up against Mike Tyson, Lennox Lewis and George Foreman in his time.
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