Boxing Star Canelo Alvarez on Brink of Dethroning Floyd Mayweather as Highest-Earning Boxer in History, Reaching $1 Billion Milestone
Prepare yourself for a billionaire boxer, folks. That's the prediction by Canelo Alvarez's business manager, Richard Schaefer.
This Mexican powerhouse has already etched his name into the history books of boxing and currently stands alongside the most illustrious superstars of the modern era.
He's fought some of the most lucrative bouts in boxing history, taking on the likes of Floyd Mayweather, Gennady Golovkin, and Shane Mosley.
Recently, he's signed a staggering four-fight deal with Saudi chief Turki Alalshikh, worth an astonishing $500 million. And his earnings from an unremarkable victory over William Scull could have garnered him a mega payday of close to $80m.
His upcoming fight with Terence Crawford in September promises a potential career-high purse of over $100m.
Given such colossal earnings, combined with his relentless pursuit of more, it's no wonder that Schaefer is optimistic. "Canelo is, without a doubt, the smartest businessman in boxing I've ever met," he tells The Ring. "We're going to get him over that next hurdle... He's going to be the first fighter to break the billion-dollar net worth. I have zero doubt about it."
Alvarez is already well on his way, having surpassed the $600 million mark in total earnings. Legends like Floyd Mayweather have generated over $1.2 billion in earnings, but have a net worth of around $400 million due to investments and lavish expenditures.
However, Alvarez seems determined to keep his focus on the squared circle, with more lucrative bouts on the horizon. He's even hinted at a lucrative one-off clash with Jake Paul in the future.
Despite the lure of boundless riches, Alvarez has hinted at retiring in a few years, stating, "I'm going to do my thing, and then, at 37 or 38 years old, it's time to retire."
[1] Forbes
[2] CBS Sports
- Richard Schaefer, Alvarez's business manager, predicted that Canelo Alvarez will shatter boxing's billion-dollar ceiling by 2026.
- Schaefer, in an interview with The Ring, stated that Canelo Alvarez is the smartest businessman in boxing he's ever met and will be the first fighter to break the billion-dollar net worth.
- Canelo Alvarez's upcoming fight with Terence Crawford in September has the potential of earning him a purse over $100 million, adding to his already impressive earnings of over $600 million.
- Despite his astonishing earnings, Alvarez has hinted at retiring at the age of 37 or 38, proving that even the most fortunate sportspersons have their limits.
