|Canelo Alvarez Net Worth:||$140 Million|
|Born:||July 18, 1990|
|Country of Origin:||Mexico|
|Source of Wealth:||Professional Boxer|
Canelo Alvarez has a net worth of $140 million, according to Wealthy Gorilla. Santos Sal lvarez Barragán, better known by his ring name “Canelo,” is a Mexican professional boxer. He has won many world titles in two weight classes, including the Ring magazine middleweight title since 2015. As of May 2018, BoxRec listed Alvarez as the best active fighter in the world, pound for pound, and The Ring and the Boxing Writers Association of America ranked him fourth.
Santos Sal Alvarez Barragán was born on July 18, 1990, in Guadalajara, Jalisco, Mexico, son of Mexican origin parents. When he was five years old, his family relocated to Juanacatlán, Jalisco, where he was born. While growing up on his family’s farm, he began learning to ride horses.
Alvarez has seven brothers, the youngest of who he is. He comes from a long line of athletes in his family. His brothers have chosen boxing as a professional sport. His brothers Ramón and Ricardo Alvarez are IBF North America Light Middleweight and Welterweight champions, respectively, while his brother Rigoberto Alvarez is a WBA World Light Middleweight Champion.
Alvarez chose boxing as his professional career after being inspired by his brother.
When Canelo Alvarez was thirteen years old, he began boxing. Rigoberto Alvarez, his elder brother, was his greatest motivation. He decided to pursue a career as a boxer after witnessing his brother’s debut match. His career was turned around at the junior Mexican national championships in Sinaloa when he earned a silver medal for his remarkable performance. He began to achieve success at a very young age.
He won the 2005 Junior Mexican National Boxing Champion title at the age of 15 in Tuxtla Gutierrez, Chiapas. He also had a 44-2 part-time record. He went on to win numerous championships, including the WBC light middleweight title, Middleweight Fights, and Catchweight fights.
Career Earnings: Manny Pacquiao, one of the best boxers globally, was allegedly offered $65 million to fight Saul in Mexico, but he declined. On the other hand, Alvarez would have a lot more chances to make a lot of money in massive fights.
When Saul Alvarez challenged and defeated Sugar Shane Mosley on May 5, 2012, he earned a purse of $1.2 million. Saul Alvarez fought Josesito Lopez on September 16, 2012, to win a $2 million prize with a $100,000 knockout bonus from Golden Boy Promotions.
Despite losing the Mayweather fight, Saul was paid $5 million-plus a part of PPV income, increasing his total to $12 million. When Saul Alvarez defeated Miguel Cotto on November 21, 2015, he won a $5 million purse. HBO claimed 900,000 PPV buys for that bout, totaling $58 million in domestic income. When Saul Alvarez defeated Amir Khan in May 2016, he earned an estimated $15 – $25 million. The NCAS recorded a live gate of over $7 million.
Saul earned $44 million in endorsements and boxing purses between June 2017 and June 2018. According to ESPN, the Golovkin fight netted Alvarez more than $40 million, with a live gate of more than $20 million. Canelo was guaranteed $25 million only to show up when they fought again in September 2018. PPV sales for the rematch reached more than $94 million.
Canelo Alvarez has had a good boxing career in a relatively short time. He has won 49 out of 52 contests in his boxing career. On the list of the world’s best light middleweights, he is ranked by the Transnational Boxing Rankings Board and BoxRec.
According to the 2017 BoxRec rating, he is the best active boxer in the world, pound for pound. On the list of the world’s top active boxers, he is placed eighth by the Transnational Boxing Rankings Board and The Ring. He was also named among the finest middleweights by the Transnational Boxing Rankings Board.
Canelo Alvarez is the fourth highest-paid athlete in the world, behind footballers Lionel Messi, Cristiano Ronaldo, and Neymar. Canelo has also amassed significant wealth from his boxing career. In addition, he is a successful combat athlete. While fighting him, not only he but also his opponent makes a lot of money.
According to Forbes, he made $35 million from his salary in 2020. Canelo earned $40 million in his first fight against Gennady Golovkin in 2018, followed by $30 million in his rematch. In 2016, he earned $25 million in a knockout victory over Amir Khan. Meanwhile, after losing his first professional fight to Mayweather, he was still given a stunning $12 million.
Canelo Alvarez signed the richest boxing contract ever. In 2018, the Mexican fighter negotiated 11 fights with DAZN worth a total of $365 million. Canelo was only paid $50 million for his first two fights on DAZN, despite being paid $35 million each fight.
As a result, Canelo terminated his contract in 2020 and sued his promoter and broadcaster. Alvarez further claims that he was not paid as per the agreed amount. His net worth was $94 million in 2020, according to Forbes. However, according to Wealthy Gorilla, in 2021, his net worth will rise to $140 million.
Canelo Alvarez was a professional boxer. He is the best active boxer and fourth highest-paid athlete in the world. He chose the boxing career after being inspired by his brother.
Canelo Alvarez has frequently flaunted his opulent lifestyle on social media. Santos is currently residing in a mansion in his hometown. However, due to his strong desire for seclusion, nothing about his home has yet been made public.
He owned 11970 sq ft property in the past in California, worth around $6 million. Alvarez also favors clothes from luxury clothing brands such as Louis Vuitton, Supreme, Gucci, Balenciaga, and others. In addition, he enjoys wearing sneakers. Canelo spent a whopping $20,000 on sneakers while shopping with Complex.
A £45 million customized black yacht is one of his Canelo Alvarez luxury purchases. He also owns a $35 million private plane, which he uses to fly to different parts of the world for fights, events, and vacations.
In his garage, Alvarez has an £8.3 million automobile collection. He also posts pictures of these luxurious cars on social media. Mercedez SLS AMG is Canelo’s favorite among them. He has a black series worth £165,000 that he owns.
Similarly, in 2020, he paid £2.3 million for the Bugatti Chiron, the world’s fastest road automobile. This car has a top speed of 261 mph and can reach 60 mph in 2.4 seconds. Rolls Royce is another luxury car in his collection. He has a £2,37,000 Rolls Royce Ghost.
Canelo also has a Nissan GTR named Godzilla, which costs $1.2 million and is only available in Mexico. At his 24th birthday party, he showed off the car. Lamborghini Aventador, Mustag 500 ELenaor, Mercedes-Benz G63 AMG, Ferrari Testarossa, AMG 64bi Turbo, Ferrari 458 Italia, McLaren P1, Porsche 911 GT#, and Lamborghini Gallardo are among the other cars parked in the Guadalaraja home.
Alvarez has received endorsement opportunities as a result of his success in the ring. Everlast has sponsored the young fighter Alvarez since 2014, and he is also the company’s face. He also agreed to train and wear business gloves and equipment. In exchange, Everlast constructed a gym from scratch. Similarly, the Mexican boxer signed with Hennesy in 2017 and fights under “Never Stop, Never Settle.”
Then, in 2018, he became an ambassador for the Roger Dubuis watch business. During fights, he also wears brand logos on his shorts. Alvarez agreed to have his money managed by Value Group Financiero in 2019. He’s also had endorsement agreements with Under Armour, Tecate, and Golden Boys Promotion in the past, to mention a few.
Canelo Alvarez recently stated his aim to become a business millionaire in an interview with Graham Bensinger. As a result, he is already making sound investments in a variety of fields. To begin with, Canelo has opened his own clothing store, Store Canelo. Tracksuits, tee shirts, hats, and other sportswear are available for men, women, and children.
Alvarez also enjoys real estate investing. Canelo revealed that he makes $4 to $5 million in real estate investment every three months.
As if that weren’t enough, Alvarez is also planning to open 100 Canelo ENergy gas stations around Mexico. Alvarez also owns Canelo Promotions, which he uses to promote his fights. It consists of approximately 100 young Mexican combatants. Similarly, his company acquired a promotional license to do events in Nevada in 2021.
With his skill in the ring, Alvarez has established himself as one of the most successful fighters. Aside from that, he is well-known for his generous nature. After becoming a pro, he has not stopped giving back to his society.
In 2019, Canelo received the Hispanic Heritage Awards for Athletics for his contributions to communities outside of sports. Alvarez made a motivational message to a youngster of that area when he was 20 years old. He also assisted in the formation of a youth institute in the city.
When a 7.1 magnitude earthquake rocked Mexico in 2017, Alvarez contributed $1 million in supplies, medication, and construction equipment to help with disaster relief. He also volunteered to assist with loading supplies into a truck destined for his hometown’s affected areas.
Alvarez also donated 500,000 pesos to Red Nose in 2020 that helps children with cancer. In a similar spirit, he donated autographed gloves to aid in the collection of funds. Canelo Alvarez also put forth a significant amount of work in his own country to combat the Covid 19 outbreak. He presented 950 personal medical kits to health workers at the Guadalajara Civil Hospital.
Later, he made a wonderful gesture by paying for the lung transplant of a 17-year-old admirer. Then he paid for Adamary Guadalupe Sanchez’s brain tumor, which was preventing her from walking.
After winning the Junior National Championship at the age of 15, Alvarez began his professional boxing career. Alvarez knocked out 11 of his 13 opponents in the first 19 months of his professional career.
Canelo won the WBA Fedecentro welterweight title on April 18, 2008, after defeating Gabriel Martinez in ten rounds. Then, on October 24, 2008, Alvarez made his debut in the United States, defeating Larry Mosley by unanimous decision.
Alvarez went on to win the NABF, WBO Latino, WBC Youth welterweight, and WBC lightweight middleweight belts with a 34-0-1 record. After defeating Lovemore N’dou, he was given the opportunity to defend his WBC lightweight title against Matthew Hatton. He dominated the battle and was declared the winner by unanimous decision.
After making five title defenses, he challenged Austin Trout for the WBC, WBA, and The Ring light middleweight crowns. He was announced the winner by unanimous decision.
Canelo Alvarez and Floyd Mayweather fought in a super fight on September 14, 2013. He did, however, lose the battle by decision, inflicting him his first and only professional defeat. He became a worldwide celebrity after that fight, which drew 2.2 million pay-per-view viewers.
He then fought Amir Khan for title defense on May 7, 2016, after earning the WBC, The Ring, and lineal middleweight titles against Miguel Cotto. He knocked Khan out in the sixth round and won the fight.
He went on to win the WBO light-middleweight title by defeating Liam Smith. Then Canelo went on to win two fights in a row versus Golovkin. Canelo Alvarez has a professional boxing record of 53 wins, 1 loss, and 2 draws as of 2021. He’s also won 37 of his 38 contests by knockout.
Here are some frequently asked questions regarding Canelo Alvarez’s net worth.
According to Sportekz, Canelo will be paid a guaranteed $15 million for the fight, while Saunders will be paid $2.5 million. Canelo is also expected to receive 60% of the pay-per-view money, while Saunders will receive 40%.
From his fights with Callum Smith and Avni Yildirim, Alvarez earned an estimated $32 million. Alvarez said he was making approximately $20 million a year from his real estate interests in an April 2021 conversation with Graham Bensinger.
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Canelo Alvarez was born on July 18, 1990. Alvarez chose boxing as his professional career and has a net worth of $140 million. He has won 49 out of 52 contests in his boxing career. At the age of 15, he won the 2005 Junior Mexican National Boxing Champion title. Canelo Alvarez is the world’s fourth highest-paid athlete. He is the best active boxer in the world, according to the 2017 BoxRec rating.