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In 2014, Evander Holyfield paid $8.5 million to build a home in Atlanta, Georgia. In 2012, Holyfield lost the home after failing to pay $14 million in debt payments. "At least I'm fighting somebody that I know I can protect myself [against]. football player for Diego Juniors FC. "I've had no money to pay lawyers and had to fight on my own in court and that ain't easy." A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . Indeed, Belfort is a 44-year-old who has had only one pro boxing match. Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. Football, basketball, boxing, it didn't matter. If the commission does not sanction the match, it is being reported that the event will still be held but itll be moved to Florida. The Holyfield vs. Belfort live stream will be hosted by Fite TV, which is offering access to the fight for $50. Holyfield competed in boxing till the age of 48 years, with his last professional bout coming against Brian Nielsen back in May of 2011. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. Sign up for free newsletters and get more CNBC delivered to your inbox. In a career spanning around 26 years, the former Cruiserweight and three-time heavyweight champion of the world amassed a lot of wealth through fight purses alone. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. 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. In his prime, Holyfield was a massive draw which meant his per-fight revenue was extremely high. Featured in the Eddie Murphy sequel Coming 2 America, boxing champ Evander Holyfield's one-time home in Fayetteville, Georgia, covers 44,234 square feet. Holyfield told the programme: "It is hard to fall down, and I kind of feel like everything is too late. That was Belfort's fourth loss in six Octagon appearances. Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. Round-by-Round coverage: How Tommy Fury vs. Jake Paul played out, Inside the creation of Jake Paul's 'Stardust Warriors' trunks, Women's boxing divisional rankings: Thorslund, Fundora solidify spots after dominant performances, Divisional rankings: Matias, Jack make big moves after impressive wins. Holyfield sold the mansion to a bank during a public auction for over $7 million, but the boxer had owed at least $14 million on the mortgage at one point, according to the Independent. He reportedly paid $10 million for a 54,000-square-foot house in Fayetteville, Georgia, in 2014. His then-18-year-old daughter sued him for $300,000 of it. The Real Deal took home a bronze medal from the 1984 Olympic Games, won his first junior heavyweight title in '86, and became the undisputed cruiserweight champion in '88. He has been covering the NBA, MLB and NFL professionally for almost 10 years, specializing in digital media. UFC legends Anderson Silva and Tito Ortiz meet in a professional boxing match in the co-feature. When Holyfield sold his mansion for over $10 million to Rick Ross in 2007, it was in foreclosure. When he lost to Mike Tyson in 2000, Holyfield was convicted of cocaine possession and beaten by his second wife. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. They did not release the earnings of these boxers to the public. His third wife, Candi Calvana Smith, filed a restraining order against Holyfield in 2010 after he allegedly assaulted her in front of the children during a heated argument. Evander Holyfield's loss is Rick Ross' gain. It ended up going for half of what he bought it for. Gambling related content is not intended for anyone under the age of 21. 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Evander Holyfield was forced to sell his 109-room mansion to rapper Rick Ross (Image: Getty Images) The 109-room mansion in his hometown of Atlanta was labelled as a monument to his success, but was auctioned in 2008 with Ross acquiring it for 4.2million. Holyfield also went through three divorces. . Evander Holyfield is one of those fighters. Got a confidential news tip? Evander Holyfield will go down in history as the boxer that dethroned Mike Tyson. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. Former heavyweight boxing champion Evander Holyfield lost all of his fortune but how did it all happen News How did Evander Holyfield lose all his money? The boxing career of Evander Holyfield has been marked by highs and lows. PrivacyAboutContactAdvertisingHave a News Tip? Now, 57-year-old former champ Evander Holyfieldlives in a two-bedroom apartment and admits the vast majority ofthose millions aregone since his final professional bout in 2011. Meanwhile, Vitor Belfort took home a whopping $400,000 for his appearance against Evander Holyfield. Holyfield (44-10-2, 29 KOs) accepted the Belfort assignment on just eight days' notice after Oscar De La Hoya tested positive for COVID. On Saturday night, Holyfield got absolutely demolished in his fight against the former UFC champion which ended in the first round. As his net worth fell through the floor over just a couple years, the bills of a much wealthier person kept rolling in. When Floyd Mayweather-Logan Paul met in an exhibition match in June, a fight supervised by the FAC, there was no official winner and no judges. Published: January 6 2014 22:05. Evander Holyfield sold his 109-room Georgia mansion to Rick Ross for $5.7 million, which is the largest single-family home in Georgia and sits on 235 acres. Smith received cash and property from the 2012 divorce, including child and spousal support. During his peak, Evander The Real Deal Holyfield was earning hundreds of millions of dollars. According to Celebrity Net Worth Holyfield earned a whopping $230 million from fight purses alone. Holyfield, who retired from boxing in 2000, is now focused on his property and training business. A passionate learner in the world of professional writing, and an ardent Manchester United fan. Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. He had to. Holyfieldinsists he can turn his financial situation around for the sake of his 11 children. Rumor has it that the larger-than-life hip-hop icon and MayBach Music founder has made a massive buy in Georgia, buying up a ridiculous 44,234-square-foot mansion built for and previously owned by boxing legend Evander Holyfield. 58-year-old man dies at start of mountain bike race, Teen boys charged with murder over killing of driver in Auckland, What the alcohol industry doesn't want you to know, The Jugglenaut: How childcare became a for-profit game, Christopher Luxon promises childcare rebates for any family earning less than $180,000, Homeowner says banks offering 4.99% under the table is a 'market failure', Person who died after incident in Auckland's Beach Haven named, Guyon Espiner's last drink: 'Probably wine, but I was too drunk to remember', Disappointment and tequila: How sporting power couple Dion Nash and Bernice Mene met, Wallabies star's NZ$1.6m World Cup gamble after bar brawl shuts down Japanese club. The companys purchase of the property is a sign of its commitment to investing in distressed assets. He enjoyed a 27-year run of glory that ended with a final record of 44-10-2, according to BoxRec. In 1998, Evander Holyfield paid $11.4 million for a 114-acre estate in Fayetteville, Georgia. First, an ongoing divorce settlement wrapped up after he bought his home. The Reason Evander Holyfield Lost His Money. And keeping such a massive space with so many amenities had many extra costs. When Holyfield went broke in 2012, he owed about $500,000 in child support. The 54,000 square-foot mansion is also the largest in Georgia. Two heavyweight legends Evander Holyfield and Mike Tyson, as Holyfield is inducted into the Nevada Boxing Hall of Fame in 2014. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. Tour Evander Holyfield's Former Mansion. Holyfield also committed to paying for the private education of all three of his children. The $230m he earned over a. Videos by OutKick. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. But after retirement, athletes across all sports regularly end up in financially compromised situations. "Dealing with all the mothers of all my kids there ain't no winning here, man, no winning at all," Holyfield said in 2012 (found via the Independent). The suit threatened Holyfield with jail time if he didn't pay up. The folks at Redfin have confirmed that rapper Rick Ross has purchased the monstrous former Fayetteville home of boxer Evander "Real Deal" Holyfield and that he got it for a relative steal . 9/9/2021 1:00 AM PT. Holyfields 109-room home in Georgia is listed for sale for $5.7 million, with a bowling alley, theater, and pool included. Holyfield was evicted from his 109-room Atlanta mansion, owing US$14m in mortgage repayments. He is currently Owing nearly $15 million on the property with no end to his debt in site, Holyfield sold the absolutely massive Fayetteville mansionconsidered the largest single-family home in the state of Georgiato a bank in 2012 for $7.5 million. June 6, 2021, 5:50 pmupdated June 7, 2021, 6:18 am Even recouping proved to be a financial loss. Ward never competed anywhere near the top level, but there is Jack Johnson, the all-time great who became the first Black heavyweight champion in 1908. . He bought a mansion with 109 rooms, complete with a 135-seat home theater, a bowling alley, and a dining room meant for over 100 people. Now, 57-year-old former champ Evander Holyfield lives in a two-bedroom. Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort.