Muhammad Ali’s Net Worth: Muhammad Ali was a retired American boxer with a fortune of $ 50 million at the time of his death. During his heyday, Muhammad was one of the highest paid athletes in the world. He died on June 4, 2016 at the age of 74.
|Date of Birth:
||Jan 17, 1942 – Jun 3, 2016 (74 years old)
||6 ft 3 in (1.91 m)
||Professional Boxer, Philanthropist, Social activist
||United States of America
Muhammad Ali Net Worth:
Early life: Muhammad Ali was born Cassius Marcellus Clay, Jr. on January 17, 1942 in Louisville,
Kentucky. One of six children, he was named after his father, Cassius Marcellus Clay Sr. His father painted billboards, while his mother, Odessa O’Grady Clay, stayed at home to raise Cassius and his younger brother. He attended Central High School in Louisville and struggled with learning disabilities throughout the school.
Growing up under racial segregation, Cassius experienced many acts of racial injustice and prejudice, such as refusing to drink water in the store. He was deeply influenced by the murder of Emmett Till in 1955, in which he and a friend vandalized a local train station in protest.
Early career: Ali became interested in boxing at age 12 after his bike was stolen and he went into a rage at the crime scene. The police officer at the scene saw Clay’s anger and advised him to direct him to boxing.
Cassius has partnered with boxing coach Fred Stoner, and together they have won numerous championships, including six Kentucky Golden Gloves, a junior athletics title, and two National Golden Gloves.
He made his debut in 1954 by defeating local boxer Ronnie O’Keefe. For the last four years of his amateur career, he was coached by Chuck Bodak. His greatest achievement as an amateur was the gold medal in light heavyweight at the 1960 Rome Olympics. His amateur record is 100 wins and 5 losses.
Professional Boxing Career: Following the Olympics, Clay returned to Louisville where he began his professional boxing career. He debuted as a winner on October 29, 1960, and has not lost for three consecutive years. Of the 19 fights, 15 ended in knockout. This was due to Clay’s unusual boxing style.
Boxers of his height and body usually relied on keeping their arms high to protect their face, but Clay used his speed to avoid punches and kept his arms low. Clay quickly began to make a name for himself. He became famous for announcing which round his fellow boxer would lose, and was right seven times.
Muhammad Ali’s Net Worth
Apart from this, he also began to tease his opponents before each match. Cassius soon became the main contender for the match against Sonny Liston, who was the current title holder. Despite the fact that Clay had an amazing record, he still went into battle as a loser. In the end, Clay defeated Liston and at twenty-two became the youngest fighter to ever steal a heavyweight title.
Cassius officially changed his name to Muhammad Ali in 1964 when he joined the Nation of Islam. In 1966, he refused to be drafted into the army, citing religious beliefs and resistance to the Vietnam War. Ali was arrested and found guilty of draft evasion. He was stripped of his boxing title, but appealed the decision to the Supreme Court.
They overturned his sentence in 1971, but did not play in the ring for four years and lost his peak athletic performance. His refusal to be drafted into the army was welcomed and supported by civil rights activists, and Al Sharpton spoke of Ali’s bravery and inspiring power behind the movement.
In 1970, he was awarded the Martin Luther King Award by civil rights leader Ralph Abernathy. Coretta Scott King, speaking at the ceremony, added that Ali was “a fighter for justice, peace and unity.”
Later that year, Ali fought in what was hailed as the fight of the century when he faced heavyweight titleholder Joe Frazier at Madison Square Garden on March 8. The fight lived up to its name, as two undefeated fighters fought face to face for 15 rounds.
In the end, Frazier accepted the fight, which marked Ali’s first professional loss. Ali and Fraser will fight two more times. Their next fight was not a title fight because Fraser had already lost his title to George Foreman. This time Ali knocked Fraser down, which started a fight with Foreman.
The match between Ali and Foreman was named “Battle in the Jungle” because it took place in Kinshasa, Zaire. Ali once again entered the fray as an outsider and surprised the world once again when he defeated Foreman in 1981 and regained the heavyweight title. Ali became famous for chattering in the ring, and his oral poetry in the ring resembled a thigh. hop and rap.
In 1984, Ali was diagnosed with Parkinson’s syndrome. The syndrome deprived Ali of her voice and motor skills. Despite this setback, he was very active in the fight against Parkinson during his lifetime. In 1996, he was honored to light the Olympic flame. Ali remains the only three-time heavyweight champion in the field.
He will likely go down in history as one of the greatest heavyweight champions of all time.
Outside the ring, Ali was a talented musician who was twice nominated for a Grammy. He was also an actor and writer and has produced two autobiographies.
He was well known as a philanthropist and humanist. Sadly, Muhammad Ali died of septic shock on June 4, 2016 at the age of 74 in Scottsdale, Arizona. His memorial has been visited by other sports personalities and celebrities, and has been viewed by approximately 1 billion viewers worldwide.
Personal life: Ali has been married four times. He first married the waitress Sonji Roy in August 1964, and they divorced in January 1966. Ali married Belinda Boyd in August 1967 and they had four children.
In 1974, at the age of 32, Ali was in an extramarital relationship with 16-year-old Wanda Bolton. The couple had two children and were married in an Islamic ceremony that was not officially recognized by the state.
He married Veronica Porche in 1977 and they had two children. They divorced in 1986 and Ali married Yolanda Williams, who had been a close friend of his since 1964. They adopted a son. One of Ali’s daughters, Layla, was a professional boxer from 1999 to 2007.
Muhammad Ali’s Career Income: Ali was not the first boxer to earn $ 1 million in a fight; the honor went to Gene Tunney in 1927 for his rematch with Jack Dempsey. But Ali made $ 2.5 million in 1971 fighting Joe Fraser. This is the same as $ 15 million today. He then made $ 5.45 million fighting George Foreman in 1974.
That’s the same as $ 26 million today. Ali’s biggest salary came in 1980, when he took home $ 7.9 million for his fight with Larry Holmes. Interestingly, adjusted for inflation, $ 7.9 million in 1980 equals $ 22 million today, which technically makes Ali’s $ 5.45 million check in 1974 the largest paycheck of his career.
Ali reportedly sold the rights to his name and image for $ 50 million in 2006. As part of this deal, Ali retained a 20% stake in his license. This 20 percent share generated $ 7 million in annual revenue.