Boxing: Boxing News: If you are enthusiastic about something and give it your all, you will undoubtedly enjoy the rewards in the shape of wealth, fame, and everything else you desire. And combat sports have assisted many athletes to become wealthy and earn millions of dollars. The number of athletes whose sporting prowess helped them change their fortunes is limitless, including Floyd Mayweather, Mike Tyson, Anthony Joshua, and many others. Follow Boxing News Updates with InsideSport.In
However, managing significant quantities of money is quite challenging. People who are affluent typically inherit it from their parents, who taught them how to properly handle their wealth. But many legendary boxers failed at it. Notably, Iron Mike, who declared bankruptcy in 2003, is one of the most well-known figures in this case.
It’s no big secret how he lost the money—basically, by spending like there was no tomorrow. And a legend in boxing, Evander Holyfield, is another name that lost millions, just like Tyson.
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Boxing: Like Mike Tyson, how did Evander Holyfield become bankrupt?
As one of the best boxers to ever wear a pair of gloves and a four-time heavyweight champion, Evander Holyfield is almost widely considered to be the greatest cruiserweight of all time. Not to forget that he is the only boxer in the three-belt period to have won the undisputed championship in multiple weight divisions.
Boxing: Did Evander Holyfield get bankrupt like Mike Tyson?
Additionally, he earned millions of dollars during his career, much like his opponent Tyson who paid $34 million for the Bite Fight, increasing his net worth to approximately $560 million over the course of his lengthy boxing career.
Interestingly, Holyfield’s legendary reputation is not just similar to Tyson’s in that, in 2008, he was compelled to sell his 109-room house because of financial issues. Holyfield has also had three divorces and a few unsuccessful business enterprises, not to mention having to pay child support.
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