Saul “Canelo” Alvarez, born on July 18, 1990, in Guadalajara, Mexico, has made a remarkable journey from humble beginnings to becoming one of the most prominent figures in the world of professional boxing. With numerous world titles in multiple weight classes and a growing fan base, Canelo Alvarez has not only achieved greatness in the ring but has also amassed a significant fortune. In this article, we’ll take a closer look at Canelo Alvarez’s net worth and the factors that have contributed to his financial success.
The Rise of Canelo Alvarez
Canelo Alvarez began his professional boxing career at the tender age of 15, and his journey to stardom was marked by hard work, dedication, and an unwavering commitment to his craft. Over the years, he honed his skills and established himself as a force to be reckoned with in the sport of boxing.
One of the pivotal moments in his career was his victory over Austin Trout in 2013, which earned him the WBA (Regular) light middleweight title. This victory catapulted him into the international spotlight, and Canelo’s popularity continued to soar as he faced and defeated some of the biggest names in the boxing world, including Miguel Cotto, Gennady Golovkin, and Sergey Kovalev.
Earnings from Boxing
Canelo Alvarez’s net worth is primarily attributed to his lucrative boxing career. He has consistently commanded substantial fight purses and pay-per-view (PPV) revenue, especially for his high-profile matchups. His willingness to take on challenging opponents and his ability to deliver exciting fights have made him a PPV attraction, translating into substantial earnings.
Some of Canelo’s most financially rewarding fights include his two bouts against Gennady “GGG” Golovkin, which generated millions in PPV sales, as well as his showdowns with Floyd Mayweather and Sergey Kovalev. These fights not only boosted his fame but also significantly added to his financial portfolio.
Apart from the earnings from his fights, Canelo Alvarez has secured lucrative endorsement deals with companies like Under Armour and Hennessy, further contributing to his net worth.
In 2018, Canelo Alvarez signed a groundbreaking five-year, $365 million deal with DAZN, a sports streaming platform. This partnership, considered one of the most significant contracts in the history of sports, provides Alvarez with a guaranteed payday for each of his fights. This exclusive contract allows DAZN subscribers to watch Canelo’s fights, and it has provided financial stability and security for the boxer, ensuring a substantial income even if he doesn’t participate in PPV events.
Investments and Business Ventures
Canelo Alvarez has not only focused on earning money through boxing but has also made wise investment decisions and explored various business ventures. He has ventured into the world of real estate, purchasing properties in Mexico and the United States. Additionally, he has shown an interest in promoting and managing other fighters, potentially creating a revenue stream beyond his own boxing career.
Canelo Alvarez’s Net Worth
As of my last knowledge update in January 2022, Canelo Alvarez’s net worth was estimated to be around $140 million. However, it’s important to note that this figure is likely to have increased significantly due to his continued success in the ring, his partnership with DAZN, and various other financial endeavors. His net worth is expected to grow as he takes on more high-profile fights and expands his business ventures.
Canelo Alvarez’s journey from a young, aspiring boxer in Mexico to one of the wealthiest and most recognized athletes in the world is a testament to his talent, hard work, and determination. With his impressive boxing career, lucrative endorsements, and strategic investments, Canelo Alvarez has not only achieved success inside the ring but has also secured a substantial net worth that continues to grow. As he continues to take on new challenges and inspire fans worldwide, there’s no doubt that Canelo Alvarez’s financial success will remain a topic of interest and admiration for years to come.
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