Sunday, May 5, 2024

How Did Evander Holyfield Lose Over $200 Million of His Net Worth so Quickly?

evander holyfield house

And in case you want to “take it outside,” the estate also includes a second home on the property, at 4,000 square feet, and a seven-stall barn. The home was originally shopped around for $8.5 million back in April of 2013, and went through six rounds of price drops before the buyer laid out the $5.879 million. Bad investments, three divorces, child support for his 11 children that at one time cost him up to $500,000 annually. The biggest financial misstep was his decision to become a majority investor in the Black Family Channel, a failed venture by former Atlanta attorney Willie Gary. Two of his sons have followed in his footsteps by excelling in sports. His other son, Elijah Holyfield, is an NFL running back.

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evander holyfield house

The two would meet again in the ring six months later. Boxing is one of the most lucrative sports for the handful of fighters capable of making their way to the top. But after retirement, athletes across all sports regularly end up in financially compromised situations. Due to the immense difficulty and bodily strain of fighting in the first place, fighters’ earnings are often on the scale of hundreds of millions by the time they wrap up their careers. The official weigh-in was held on Friday night in Denmark, with Holyfield at 225 pounds, while his opponent Nielsen, with his shorts on, weighed 238 pounds.

Evander Holyfield: Career retrospective

The man who parachuted down to the middle of the ring became known as The Fan Man and the fight itself became known as the Fan Man Fight. His victory over Bowe that year helped Holyfield being named as ABC's Wide World of Sports Athlete of the Year for 1993. In 1999 he faced Lennox Lewis in a unification fight for the undisputed WBA, WBC and IBF titles, which ended in a controversial split draw. Holyfield was defeated in a rematch eight months later.

Retiring from boxing

In 2005, Holyfield came in fifth place on ABC's Dancing with the Stars with his partner Edyta Sliwinska. Holyfield defeated Jeremy Bates by TKO on August 18, 2006, in a 10-round bout at American Airlines Center in Dallas, Texas. Holyfield dominated the fight which was stopped in the second round after he landed roughly twenty consecutive punches on Bates. EVANDER HOLYFIELD made a shock return to boxing at the age of 58 last year.

A sudden end to a troubled past - Times Union

A sudden end to a troubled past.

Posted: Wed, 04 Sep 2013 07:00:00 GMT [source]

At age 42, Holyfield returned to the ring to face Larry Donald on November 13, 2004. He lost his third consecutive match in a twelve-round unanimous decision. Then a deal was signed for him to defend his crown against Mike Tyson in November 1991. Tyson delayed the fight, claiming he was injured in training, but was then convicted for the rape of Desiree Washington and sentenced to six years in prison, so the fight did not happen at that time. They fought in 1996 (Holyfield won by a TKO in 11) and a rematch in 1997 (Holyfield won by disqualification in three, after Tyson bit both of his ears). In 1990, Holyfield beat Seamus McDonagh, knocking him out in four rounds.

Professional boxing record

And offered little in the fight against Holyfield, who was in ideal shape at 208 lb. In the third round Douglas tried to start a combination with a big right uppercut. Holyfield countered with a straight right hand and Douglas went down for the count. Holyfield was the new undefeated, undisputed heavyweight champion of the World.

evander holyfield house

Holyfield knocked Moorer to the canvas five times and referee Mitch Halpern stopped the fight between the eighth and ninth rounds under the advice of physician Flip Homansky. Holyfield once again unified his WBA belt with the IBF belt by avenging his defeat by Moorer. Rick Ross is about to breathe new life into the 50,000-square-foot mansion that once belonged to boxing legend Evander Holyfield.

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Holyfield weighed in at 208 pounds and Foreman weighed in at 257 pounds. Holyfield had been promised a title shot against Tyson in 1990. Before that fight could occur, in what many consider to be the biggest upset in boxing history, relatively unknown boxer, 29-year-old, 231 lb. Mike Tyson in 10 rounds in Tokyo to become the new undisputed heavyweight champion. Instead of fighting Tyson, Holyfield was Douglas's first title defense.

Annie Holyfield wasn’t just Evander’s mother, she was the strongest influence in his life, the only person he ever feared. She demanded good conduct in school, high character in life, kindness, forgiveness. Holyfield’s next fight was a grudge match against George Foreman.

The property is located in Atlanta, Georgia and priced at $5.8 million. On August 13, 2007, Holyfield was confirmed to participate in a boxing match at World Wrestling Entertainment's Saturday Night's Main Event XXXV against Matt Hardy. He replaced Montel Vontavious Porter, who had to pull out after being legitimately diagnosed with a heart condition that was not part of a storyline.

Unsurprisingly, the gigantic home cost Holyfield around $1m a year to maintain with an electricity bill reported to be around £13,600 a month, say the Daily Mail. Holyfield and Tyson – who has his own epic £2.5m Las Vegas mansion – pocketed mega cash back in the day for their bouts. It comes hot on the back of reports Mike Tyson, 54, is to do likewise, with the Baddest Man on the Planet being offered £16.2million to go into a bare knuckle contest after footage of him training went viral.

Holyfield dominated in the cruiserweight, climbing the rankings in the process. His expenses kept his net worth somewhat depressed despite all that revenue. The same Independent piece reports that Holyfield spent $10 million on a massive 45,000-square-foot mansion. The home had 109 rooms, a gigantic 135-seat theater, a 100-seat dining room, and a bowling alley. Holyfield defeated Fres Oquendo by unanimous decision on November 10, 2006, in San Antonio, Texas.

The in-floor bath and hot tub in the master bathroom are similarly surrounded by black marble columns. In conclusion, I hope you enjoyed reading about  Evander Holyfield’s home. Furthermore, please leave your thoughts and comments below. Finally, read some other articles like this one on our frontpage.

Alanna is the celebrity real estate expert at Redfin and oversees the Fun & Fabulous content for the Redfin Real-Time blog. Before coming to Redfin, Alanna was a local TV news producer and dabbled in the world of reality TV production. Her dream home would be a duplex in NYC with a balcony, washer/dryer and a dishwasher. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster.

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