Evander Holyfield Net Worth: How he lost his entire wealth?

Evander Holyfield is a former professional boxer from the United States. As of 2022, Evander Holyfield’s net worth is estimated to be $1 Million.

Between 1984 and 2011, Holyfield competed. He is the only boxer in history to have won the title in two different weight classes. He has been nicknamed “the Real Deal” throughout his career and is a four-time world heavyweight champion.

He held the unified WBC, WBA, and IBF titles from 1990 to 1992.

Early Life

Evander Holyfield was born in Atmore, Alabama, on October 19, 1962. Holyfield was the youngest of nine children and was born to a different father than his siblings.

Holyfield’s family later relocated to Atlanta, Georgia, where he was raised in the Bowen Homes Housing Projects. At the age of seven, he began boxing and won the Boys Club boxing tournament. At the age of 13, he qualified for his first Junior Olympics.

By the age of 15, Holyfield had won the Southeastern Regional Championship and the Best Boxer Award. By 1984, he compiled 160 wins and 14 losses, including 76 knockout victories.

Holyfield represented the United States at the 1983 Pan American Games in Caracas, Venezuela, when he was 20 years old, winning a silver medal after losing to Cuban world champion Pablo Romero. He won the National Golden Gloves Championship the following year. He earned a bronze medal at the 1984 Summer Olympic Games in Los Angeles, California, following a contentious disqualification in the second round of the semi-final against New Zealand’s Kevin Barry.

Evander Holyfield Net Worth & Career

Evander Holyfield made his professional debut at the age of 21 after winning the bronze medal in the Light Heavyweight division at the 1984 Summer Olympics. He was nicknamed “The Real Deal.”

He moved up to cruiserweight in 1985 and won his first title the following year, defeating Dwight Muhammad Qawi for the WBA Cruiserweight title. Following that, he defeated Ricky Parkey and Carlos De Leon to claim the Lineal, IBF, and WBC cruiserweight titles, ultimately becoming the Undisputed Cruiserweight Champion.

He won his first fight as a heavyweight in 1988, defeating Buster Douglas in 1990 for The Ring, Lineal, WBC, WBA, and IBF titles. Holyfield’s first professional defeat occurred in 1992 when he lost to Riddick Bowe. In a rematch, he reclaimed the title one year later, defeating Bowe for the WBA and IBF titles, but lost them in an upset to Michael Moorer in 1994.

Evander also defeated George Foreman, Larry Holmes, Riddick Bowe, Ray Mercer, Mike Tyson (twice), Michael Moorer, John Ruiz, Michael Dokes, and Hasim Rahman. 

Additionally, Evander Holyfield is the world’s only four-time heavyweight champion. In 1990, he won the WBA, WBC, and IBF titles; in 1993, he won the WBA and IBF titles; and in 1996 and 2000, he won the WBA titles. In 1994, he was forced to take a brief medical retirement but returned triumphantly a year later with a clean bill of health.

Holyfield defeated Mike Tyson in a now-infamous 1997 bout in which Tyson was disqualified for biting off a portion of Holyfield’s ear during the fight. In 1999, Holyfield lost the WBA, WBC, and IBF titles to Lennox Lewis. 

On December 20, 2008, he attempted but failed to win the World Heavyweight Championship for the fifth time, losing a controversial majority decision to WBA Heavyweight Champion Nicolay Valuev in Sweden. He was 45 years old at the time. 

Holyfield announced his retirement in 2014, and he ended up ranking 77th on The Ring’s list of the 100 greatest punchers of all time. His career record included 44 victories (29 by knockout), ten defeats, and two draws. 

In 2017, he was elected to the International Boxing Hall of Fame. Holyfield is ranked No. 9 in BoxRec’s all-time list of the greatest pound-for-pound boxers. Holyfield served as a boxing advisor and mentor to heavyweight hopeful Zhang Zhilei following his retirement.

Other Ventures

Holyfield founded Real Deal Records. By 1992, Holyfield had become a household name, having endorsed a slew of products in Coca-Cola and Diet Coke commercials. 

He is one of several celebrities who have appeared in advertisements for the restaurant chain Zaxby’s. In 1996, Holyfield carried the Olympic torch on its way to his hometown of Atlanta, which was hosting the games that year. In 2007, Holyfield launched the Real Deal Grill line of cooking products via infomercials.

Holyfield has made numerous television appearances over the years, the first being a 1990 cameo on “Fresh Prince of Bel- Air’s” Christmas special. During the 1990s, he also appeared in three films: “Summer of Sam,” “Necessary Roughness,” and “Blood Salvage,” which he also produced. In 1994, he appeared in a cameo on Nickelodeon’s GUTS. 

Holyfield made his television debut on “Dancing with the Stars” in 2005, and he finished fifth with his partner Edyta Sliwinska. Holyfield became the first housemate on the UK reality show “Celebrity Big Brother” in January 2014 after making disparaging remarks about a homosexual roommate. Holyfield appeared on the Argentine reality dance show “Bailando” in May 2016.

Evander Holyfield Net Worth

As of 2022, the net worth of Evander Holyfield is estimated to be $1 million. Holyfield amassed an estimated $230 million in prize money alone during his career. Unfortunately, by 2008, his 109-room Atlanta mansion had been lost to foreclosure. The house’s annual maintenance costs exceed $1 million.

After being foreclosed, the house sold for $7.5 million at a public auction. Regrettably, Evander owed the bank more than twice that amount for the mortgage on the house. He also owed the IRS several hundred thousand dollars in back taxes as of January 2013.

The majority of Holyfield’s prized possessions have been sold at auction to pay off numerous debts and obligations, including his Olympic bronze medal, twenty pairs of fight gloves, championship rings, belts, and twenty-five match robes and shorts.

Personal Life

From 1985 to 1991, Holyfield was married to Paulette Brown. He married Dr. Janice Itson in October 1996.

The couple had a child together before divorcing in 2000. From 2003 to 2012, Evander and Candi Calvana Smith were married. Holyfield is the father of eleven children.

Summary

• Evander Holyfield is a former professional boxer from the United States.
• He was born in Atmore, Alabama, on October 19, 1962.
• He made his professional debut at the age of 21.
• As of 2022, Evander Holyfield net worth is estimated to be $1 million.