Saul Alvarez Net Worth and Career Income: Saul Alvarez, also known as “Canelo”, is a professional Mexican light heavyweight boxer with a net worth of $ 140 million. Alvarez is a four-division world champion who, as of 2020, has been named the best pound-for-pound boxer. Saul Alvarez has proven to be a formidable contender for almost every fighter he has ever faced.
|Date of Birth:
||Jul 18, 1990 (30 years old)
||5 ft 8 in (1.75 m)
Saul Alvarez Net Worth:
Contracts: On October 17, 2018, Canelo Alvarez signed a five-year, $ 365 million fight contract with Oscar De La Hoya’s promotion company and DAZN. The deal will cover 11 fights starting with his December 15, 2018 match against Rocky Fielding in New York.
From June 2018 to June 2019, Canelo raised $ 95 million from his empire. In the next 12 months, he made $ 40 million.
Early life: Saul Alvarez’s full name is Santos Saul Alvarez Barragan, he was born on July 18, 1990. Alvarez was born on the outskirts of Guadalajara, although his family moved to Juanacatlan when he was five years old.
Alvarez is the youngest of 7 siblings and the children were raised on a family farm. All six of Saul’s brothers also became professional boxers. In his youth, Saul loved horseback riding. Alvarez is known for his red hair, which is quite rare in Mexico. The nickname “Canelo” in Spanish means “cinnamon” and it is a reference to the hair color of Alvarez.
Saul Alvarez first started boxing at age 13, following in the footsteps of his older brothers. His amateur record was immediately impressive and he won a silver medal in the Mexico Junior Championships before winning gold the following year at age 15.
Career: Shortly after winning, Alvarez turned pro. Although amateur boxers don’t usually make their debut at 15, Alvarez made the jump simply because no one else wanted to fight him. Although he fought boxers much older than himself, he knocked out most of his opponents. In 2006, he won the welterweight title.
Alvarez then moved up to welterweight, winning the WBC silver title in 2010. In the same year, he became the first boxer to knock out Carlos Baldomir. Alvarez went on to successfully defend his title over and over again, eventually defeating Austin Trout in 2013. Later that year, Alvarez suffered a major defeat at the hands of Floyd Mayweather.
Saul Alvarez then won many more fights, starting with the victory over Alfredo Angulo in 2014. Another important win came in 2015 when Alvarez defeated Miguel Cotto in 2015. With this win, Alvarez secured himself the WBC, Ring and line middleweight titles. titles. He defended those titles with a stunning knockout against Amir Khan.
In 2016, Alvarez shed weight to challenge Liam Smith, who held the WBO welterweight world title. He took the title from Smith with a crushing blow to the body.
After lengthy negotiations, Alvarez fought Julio Cesar Chávez Jr., winning by unanimous decision. Thus began the battle that everyone was waiting for: Alvarez against Golovkin.
Negotiations over the fight with Golovkin had been going on for years before the official announcement.
In September 2017, the two fighters were declared equal by a split decision. A rematch was inevitable and it was set for May 2018. However, Alvarez tested positive for the banned substance and was suspended for six months. Oddly enough, Golovkin was stripped of his title.
However, a rematch was still a priority for both fighters, and after lengthy negotiations, it was eventually set for 2018. Alvarez won the fight with another controversial decision, and many media and fans beat him in favor of Golovkin.
After winning the super middleweight title, Alvarez returned to middleweight to defeat Daniel Jacobs. He then moved up two weight classes to defeat Sergei Kovalev at light heavyweight in 2019.
Saul Alvarez’s Big Wallet Story:
Sugar Shane Moseley: $ 1.2 million
Josesito Lopez: $ 2 million
Floyd Mayweather: $ 12 million
Miguel Cotto: $ 5 million
Amir Khan: $ 25 million
Gennady Golovkin I: $ 40 million
Gennady Golovkin II: $ 30 million
Total: $ 115 million (to date)
Boxing Style: Saul Alvarez is known for his incredible counter-fighting ability, finding and making full use of small holes in his opponents’ defenses. Alvarez is also known for his powerful body punches, often ending with punches to the liver. He is also known for his head movement, which makes him vulnerable, but this tactic has its own set of rewards.
Canelo has shown his extraordinary intelligence in almost every fight, setting traps for his opponents with creative combinations that keep everyone guessing. Canelo often ends a fight with these combos, so when you see him deliver more than three hits, the fight usually ends.
Career Income: One of the best boxers in the world, Manny Pacquiao, was allegedly offered a whopping $ 65 million for a fight with Saul in Mexico, but Pacquiao refused. However, Alvarez will have a lot more opportunities to make big money in big fights.
On May 5, 2012, Saul Alvarez made a $ 1.2 million wallet when he faced Sugar Shane Mosley and subsequently defeated him. On September 16, 2012, Saul Alvarez defeated Josecito Lopez and earned a $ 2 million purse, plus a $ 100,000 knockout bonus from Golden Boy Promotions.
During his fight with Mayweather, Saul earned a $ 5 million wallet despite losing, plus a percentage of PPV’s profits, bringing his total to $ 12 million. On November 21, 2015, Saul Alvarez earned a $ 5 million wallet by defeating Miguel Cotto.
During this struggle, HBO reported 900,000 PPV purchases, which amounted to $ 58 million in domestic revenue. In May 2016, Saul Alvarez made an estimated $ 15-25 million by defeating Amir Khan. NCAS reported that the actual gate was over $ 7 million.
From June 2017 to June 2018, Saul made $ 44 million in promotions and boxing wallets. Alvarez made over $ 40 million from his fight with Golovkin, during which ESPN reported over $ 20 million worth of live goals. When they fought again in September 2018, Canelo was guaranteed $ 25 million just to show up. The rematch brought in over $ 94 million in PPV purchases.
DAZN Deal and Litigation: In 2018, DAZN struck a $ 365 million deal with Alvarez that ensured his next ten fights would be streamed through them. At that time, it was one of the largest sports contracts in history.
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Thanks in large part to this deal and a series of endorsements between June 2018 and June 2019, Canelo raised $ 95 million from various sources of income.
The deal had to be simple. DAZN will pay Golden Boy $ 40 million per fight for 10 fights between 2019 and 2020. Canelo’s cut will be $ 35 million per fight.
In September 2020, Canelo filed a breach of contract lawsuit against DAZN, Golden Boy Promotions and Golden Boy CEO Oscar De La Hoya. At the time of filing the application, his last fight took place in November 2019 against Sergey Kovalev.
The lawsuit sought damages in the amount of $ 280 million plus loss of sponsorship and ticket sales.
The lawsuit came after a year of disputes between the parties, which predicted at the time of filing that Canelo would not have a single fight in 2020. DAZN was reportedly upset by the opponents Canelo faced
, considering them not “prime minister.” DAZN reportedly offered Canelo half of his $ 35 million guaranteed wallet for a fight with a boxer named Billy Joe Saunders.
An offer that was rejected. The essence of the lawsuit is that Canelo either wants to receive $ 35 million, which, in his opinion, is guaranteed to him to fight the opponents he proposes / chooses, with DAZN and Goldenboy, OR he wants to terminate his contract so that he can conduct fights on your own.
Canelo believed that under the contract he would be able to select future rivals with Golden Boy. He also claimed that Golden Boy had a separate contract that gave DAZN the right to approve or reject potential opponents.