Canelo Alvarez is one of the most popular fighters in the world, and his net worth reflects that. He is currently ranked as the number one middleweight fighter by Ring Magazine, and he has a record of 49-1-2. In this blog post, we will take a look at Canelo Alvarez net worth and how he made his fortune.
Who Is Canelo Alvarez?
Saul Alvarez is known as Santos Salvárz Barragán. His birth date is 18 July 1990. Alvarez came from Guadalajara and his family moved from there in his fifth grade. Alvarez is the youngest of seven children and was born on their family farm.
Saul grew up riding horseback. He is famous for red hair, something very rarely seen in the country. The nickname Canelo means cinnamon and it was inspired by Alvarez’s hair color.
Saul Adiel Alvarez is a Mexican professional boxer who has held multiple world championships in four weight classes. He is currently the WBA (Super) and The Ring middleweight champion.
Alvarez turned professional at the age of 15 and won his first world championship at the age of 21, following in the footsteps of his brother, Ricardo Alvarez. He has since gone on to win titles in different weight classes: junior welterweight, welterweight, lineal middleweight titles, and super middleweight. In 2020, he defeated Miguel Cotto to win the WBO light heavyweight title.
Alvarez has been praised for his technical boxing skills, as well as his athleticism and punching power. He is known for his ferocious body attack and has one of the highest knockout ratios in boxing history.
In addition to his boxing ability, Alvarez is also a skilled strategist and tactician. He often uses feints and jabs to set up his powerful right hand.
Alvarez has participated in some of the most high-profile boxing matches in recent years, including bouts against Floyd Mayweather Jr., Sugar Shane Mosley, Amir Khan, Miguel Cotto, Gennady Golovkin, and Sergey Kovalev. His 2019 rematch against Golovkin was one of the highest-grossing pay-per-view boxing events of all time.
Alvarez is widely considered to be one of the best boxers of his generation. He has been nominated for various prestigious awards, including Sports Illustrated’s Fighter of the Year (2013) and Boxing Writers Association of America’s Fighter of the Year (2016).
In 2019, he was inducted into the International Boxing Hall of Fame.
Also read: Lizzo Net Worth
What Is Canelo Alvarez Net Worth?
Canelo Alvarez is a Mexican professional boxer. He has held multiple world championships in four weight classes and Alvarez’s estimated net worth is $180 million.
Here’s an overview of how he earned his money:
1. His Boxing Career
Canelo Alvarez is one of the highest-paid boxers in the world. In 2020, Forbes estimated his annual earnings at $94 million. This includes both his fight purses and endorsement deals.
His 2020 fight against Sergey Kovalev reportedly earned him a purse of $35 million, while the 2017 fight against Gennady Golovkin, which Canelo won, reportedly earned him a purse of $27.5 million.
Also read: Tracy Morgan Net Worth
2. His Endorsements
Canelo Alvarez is a popular Mexican fighter who has earned a considerable amount of money from his endorsement deals. According to Forbes, he made $5 million from endorsements in 2018 alone.
Canelo Alvarez signed endorsement deals with companies like Under Armour, Budweiser, and Proactive. He also has a deal with DAZN, which streams his fights live. In total, these deals are worth an estimated $32 million per year.
Thus, it is clear that Canelo Alvarez is a very lucrative athlete for brands to endorse. In the future, we can expect him to continue to earn big bucks from both his boxing purses and his endorsement deals.
3. His Pay-Per-View Sales
Canelo Alvarez is a world-renowned Mexican boxer whose professional career has spanned more than a decade. A large part of Canelo’s popularity is due to his willingness to take on all challengers, regardless of size or experience.
This has resulted in some spectacular pay-per-view sales, with his 2019 fight against Danny Jacobs generating more than 1.2 million buys. His fights against Golovkin and Kovalev both sold over 1 million pay-per-view buys, earning him an estimated $13 million each.
Canelo’s earnings from pay-per-view sales are impressive, but they are dwarfed by his overall earnings from sponsorships and other sources. In fact, Forbes estimates that Canelo’s total career earnings are close to $180 million.
This puts him amongst the highest-paid athletes in the world and firmly establishes him as one of the biggest names in boxing.
Also read: Mayim Bialik Net Worth
4. His Investments
A large portion of Canelo’s earnings comes from his various investments. Canelo owns shares in the sports drink company BodyArmor, which he received in exchange for becoming a brand ambassador.
He has also invested in Casa Mexico Tequila, a tequila company that produces premium small-batch tequila. Canelo has a minority stake in the company, which he purchased in 2019. In addition to these investments, Canelo also earns income from endorsement deals with companies such as Adidas, Hennessy, and Under Armour.
Canelo’s extensive investment portfolio has helped him to accumulate a significant amount of wealth over the course of his career. His strategic investments have not only earned him financial rewards but have also helped to raise his public profile and cement his status as one of the world’s most popular boxers.
Thanks to his savvy business decisions, Canelo is poised to continue earning substantial sums of money long after he hangs up his gloves.
Also read: Cameron Diaz Net Worth
5. His Real Estate Holdings
Canelo’s career has been nothing short of impressive, and his real estate portfolio is equally as impressive. Canelo owns multiple properties in his hometown of Guadalajara, Mexico, as well as in Las Vegas, Nevada – where he currently resides.
In Guadalajara, Canelo owns a luxurious mansion that is said to be worth over $5 million. The mansion features multiple bedrooms, bathrooms, a home gym, an indoor pool, and a private movie theater.
In Las Vegas, Canelo owns a penthouse suite in the upscale Aria Resort & Casino. The penthouse suite is said to be worth over $6 million and features stunning views of the Las Vegas Strip.
Canelo also owns a lavish home in the affluent Summerlin neighborhood of Las Vegas. The home is said to be worth over $7 million and features a private tennis court, an indoor basketball court, and a state-of-the-art home gym.
Saul Alvarez’s net worth is estimated to be over $100 million. This wealth comes from his successful boxing career, endorsement deals, investments, and real estate holdings. Canelo’s success in both his professional and personal ventures has cemented his place as one of the top earners in sports.
Also read: Mattress Mack Net Worth