Canelo Alvarez poised to overtake Floyd Mayweather and become first ever $1billion boxer
Canelo Alvarez’s business manager Richard Schaefer believes he will become the first boxer to be worth $1billion by 2026. Alvarez has had a stellar career in the sport of boxing and is one of the biggest name superstars in the modern era. Canelo is set to become boxing’s first with a $1 billion net worth The Mexican has already fought in a whole host of lucrative bouts, including against Floyd Mayweather, Gennady Golovkin and Shane Mosley. He has recently signed a huge four-fight deal with Saudi chief Turki Alalshikh, which is worth a reported $500million. It was reported he earned a mega payday for his recent lacklustre victory over William Scull, which could be close to $80m. And he could next bank a monumental career-high purse in excess of $100m for his clash with Terence Crawford in September. As a result, his business manager and advisor Schaefer expects him to become the first to reach that landmark, in terms of net worth. He told The Ring: “Canelo is, without any question, the smartest businessman in boxing I have ever met. “And we are going to get him over that next hurdle… He’s going to be the first fighter to break the billion dollar net worth. “I have zero questions about it. When? Probably next year. “I’m very fortunate. I started with him when he was 17 years old. I’ve known him since then and now he’s 34. “He’s my friend. So I’m very happy to do that. I’m thrilled, excited to be working for him and with him, handling all different aspects; fight negotiations, all these other businesses, everything.” His business manager believes he will surpass MayweatherGetty Alvarez has already reached the $600m mark in terms of total earnings, and his lucrative contract could tip him over that point. Boxing legend and former conqueror Mayweather generated over $1.2bn in earnings from his career. But he is believed to have a net worth of around $400m, down to his investments and luxury lifestyle. The Mexican has kept focus on the squared circle and has had a lengthy career with more lucrative bouts to come. He also has big plans for further huge events, which could include a lucrative one-off clash with Jake Paul in the future. And he has hinted that he could retire in a few years, despite the prospect of boundless lucrative payouts. GettyCanelo is set for another big and lucrative year in boxing[/caption] He said: “I’ve fought everybody; I’ve fought the best. I’ve won many titles in different weight classes. “I’ve been the pound-for-pound king, fighter of the year; in everything. If we talk about money, it’s never enough. “But it’s not just about money. It’s about enjoying everything. I still enjoy boxing. “That’s why I’m here. But if we talk about money, it’s never enough. “But I don’t think about making a specific amount of money and then retiring; no. “I’m going to do my thing, and then, at 37 or 38 years old, it’s time to retire.”
Canelo Alvarez’s business manager Richard Schaefer believes he will become the first boxer to be worth $1billion by 2026.
Alvarez has had a stellar career in the sport of boxing and is one of the biggest name superstars in the modern era.
The Mexican has already fought in a whole host of lucrative bouts, including against Floyd Mayweather, Gennady Golovkin and Shane Mosley.
He has recently signed a huge four-fight deal with Saudi chief Turki Alalshikh, which is worth a reported $500million.
It was reported he earned a mega payday for his recent lacklustre victory over William Scull, which could be close to $80m.
And he could next bank a monumental career-high purse in excess of $100m for his clash with Terence Crawford in September.
As a result, his business manager and advisor Schaefer expects him to become the first to reach that landmark, in terms of net worth.
He told The Ring: “Canelo is, without any question, the smartest businessman in boxing I have ever met.
“And we are going to get him over that next hurdle… He’s going to be the first fighter to break the billion dollar net worth.
“I have zero questions about it. When? Probably next year.
“I’m very fortunate. I started with him when he was 17 years old. I’ve known him since then and now he’s 34.
“He’s my friend. So I’m very happy to do that. I’m thrilled, excited to be working for him and with him, handling all different aspects; fight negotiations, all these other businesses, everything.”
Alvarez has already reached the $600m mark in terms of total earnings, and his lucrative contract could tip him over that point.
Boxing legend and former conqueror Mayweather generated over $1.2bn in earnings from his career.
But he is believed to have a net worth of around $400m, down to his investments and luxury lifestyle.
The Mexican has kept focus on the squared circle and has had a lengthy career with more lucrative bouts to come.
He also has big plans for further huge events, which could include a lucrative one-off clash with Jake Paul in the future.
And he has hinted that he could retire in a few years, despite the prospect of boundless lucrative payouts.
He said: “I’ve fought everybody; I’ve fought the best. I’ve won many titles in different weight classes.
“I’ve been the pound-for-pound king, fighter of the year; in everything. If we talk about money, it’s never enough.
“But it’s not just about money. It’s about enjoying everything. I still enjoy boxing.
“That’s why I’m here. But if we talk about money, it’s never enough.
“But I don’t think about making a specific amount of money and then retiring; no.
“I’m going to do my thing, and then, at 37 or 38 years old, it’s time to retire.”
