Sol Alvarez net worth
Number of divisions: 22
What is Saul Alvarez’s net worth and professional income?
Saul Alvarez, also known as “Canelo”, is a light middleweight professional Mexican boxer with a net worth of US$140 million. Alvarez is a four-tier world champion and is described as the best pound-to-pound boxer in the sport. Saul Alvarez has proven a strong opponent for almost every boxer he faces.
contract
On October 17, 2018, Canelo Alvarez and Oscar De La Hoya’s promotion company and DAZN signed a five-year fight contract worth 365 million U.S. dollars. The deal will cover 11 games, starting with his face against Rocky Fielding in New York on December 15, 2018.
Between June 2018 and June 2019, Canelo earned $95 million from his empire. In the next 12 months, he made 40 million U.S. dollars.
early life
Saul Alvarez’s full name is Santos Saúl Álvarez Barragán, he was born on July 18, 1990. Alvarez was born on the outskirts of Guadalajara, although his family moved to Juna Catlán when he was five years old. Alvarez is the youngest of the 7 siblings, and the children grew up on their farm. Saul’s six brothers also became professional boxers. When Saul was young, he liked to ride horses. Alvarez is famous for his red hair, which is very rare in Mexico. The nickname “Canelo” means “cinnamon” in Spanish, which is a reference to Alvarez’s hair color.
Saul Alvarez followed in the footsteps of his brothers and started boxing for the first time at the age of 13. His amateur record is immediately impressive. He won a silver medal in the Mexican Junior Championships and then a gold medal at the age of 15 next year.
Profession
Soon after winning the gold medal, Alvarez became a professional player. Although amateur boxers don’t usually make their debut at the age of 15, Alvarez was able to jump off only because no one else wanted to fight him. Although he fought with boxers much older than him, he defeated most of his opponents. In 2006, he won the welterweight championship.
Alvarez then turned to light welterweight and won the WBC silver medal in 2010. That year, he also became the first boxer to defeat Carlos Baldomir. Alvarez continued to successfully defend his title time and time again, eventually defeating Austin Trout in 2013. Later that year, Alvarez suffered a major loss against Floyd Mayweather.
Sol Alvarez then won more games, starting with his victory over Alfredo Angulo in 2014. Another important victory in 2015 was Alvarez’s defeat of Miguel Cotto in 2015. With this victory, Alvarez won the WBC, ring, And direct middleweight champion. He defeated Amir Khan in an amazing knockout game and defended these titles.
In 2016, Alvarez lost weight to challenge Liam Smith, who won the WBO Light Welterweight World Championship. He won the title from Smith with a devastating blow to his body. After a long period of negotiations, Alvarez competed with Julio Cesar Chavez Jr. and won by unanimous decision. This started the battle that everyone has been waiting for: Alvarez vs. Golovkin.
Before the official announcement, negotiations for the Battle of Golovkin had been going on for many years. In September 2017, the two fighters were declared equal and decided to split. The rematch is inevitable and was originally scheduled to be held in May 2018. However, Alvarez tested positive for illegal substances and was suspended for six months. Strangely, Golovkin was also deprived of his title.
However, the rematch is still the top priority for the fighters of both sides. After a long period of negotiation, it is finally scheduled to be held in 2018. Alvarez won the game in another controversial decision, and many media and fans believed that Golovkin was beneficial to the game.
After winning the super middleweight, Alvarez returned to the middleweight to defeat Daniel Jacobs. Then, he raised two weight classes in the 2019 light heavyweight competition to defeat Sergey Kovalev.
Saul Alvarez Major wallet history
Sugar Shane Mosely: $1.2 million
Josesito Lopez: $2 million
Floyd Mayweather: $12 million
Miguel Cotto: $5 million
Amir Khan: US$25 million
Gennady Golovkin I: US$40 million
Gennady Golovkin II: 30 million US dollars
Total: 115 million US dollars (to date)
Ethan Miller/Getty Images
Boxing style
Saul Alvarez (Saul Alvarez) is known for his excellent counterattacking ability, he will find and make full use of the small loopholes of the opponent’s defender. Alvarez is also known for his powerful body punches, and he often ends punches by hitting the liver. In addition, he is known for his head movement, which makes him vulnerable to attack-but this strategy has its own set of rewards. Canelo has shown his extraordinary wisdom in almost every battle. He uses creative combinations to set traps for his opponents, so that everyone can’t guess. Canelo often ends the battle with these combinations, so when you see him punch more than 3 times, the battle is usually over.
Occupational income
Manny Pacquiao, one of the best boxers in the world, was allegedly offered an offer of up to 65 million U.S. dollars to play against Sol in Mexico, but Pacquiao refused. However, Alvarez will have more opportunities to make big money in major games. On May 5, 2012, Saul Alvarez (Saul Alvarez) faced and subsequently defeated Sugar Shane Mosley (Sugar Shane Mosley) and won a $1.2 million prize. On September 16, 2012, Saul Alvarez defeated Josesito Lopez and won a $2 million prize, plus a $100,000 knockout match from the Golden Boy promotion bonus.
In the game against Mayweather, Sol still made $5 million despite losing, plus part of the PPV profit, bringing his total income to $12 million. On November 21, 2015, Saul Alvarez won a prize of $5 million when he defeated Miguel Cotto. In that battle, HBO reported 900,000 PPV purchases and domestic revenue reached 58 million U.S. dollars. After defeating Amir Khan in May 2016, Saul Alvarez made an estimated $1.5-25 million. NCAS reported more than $7 million in traps.
Between June 2017 and June 2018, Sol earned $44 million from endorsements and boxing wallets. Alvarez earned more than 40 million U.S. dollars from Golovkin’s games. During this period, ESPN reported more than 20 million U.S. dollars in live tickets. When they fought again in September 2018, Canelo received a $25 million guarantee just to show up. The semi-finals generated more than $94 million in PPV purchases.
DAZN transactions and litigation
In 2018, DAZN and Alvarez reached a $365 million deal to ensure that his next 10 games will be broadcast through them. At the time this was one of the largest sports contracts in history. Between June 2018 and June 2019, Carneiro made $95 million from various sources of income, thanks in large part to the deal and some endorsements.
The deal should have been simple. DAZN will pay $40 million for Golden Boy in 10 games between 2019 and 2020. Canelo will receive 35 million U.S. dollars for each game.
In September 2020, Canelo filed a breach of contract lawsuit against Oscar De La Hoya, CEO of DAZN, Golden Boy Promotions and Golden Boy. At the time of submission of the application, his last match was against Sergey Kovalev in November 2019.
The lawsuit seeks compensation of US$280 million and lost sponsorship and ticket revenue. The lawsuit was triggered after a year of quarrel between the parties. When submitting the application, they predicted that Canelo will not have a battle throughout 2020. According to reports, DAZN was upset about the opponents Canelo chose to face and found out whether they were the “Prime Minister.” According to reports, DAZN gave Carneiro half of his $35 million deposit to fight a boxer named Billy Joe Sanders. A rejected proposal. The key to the lawsuit is that Canelo either wants to get 35 million dollars, he believes he can guarantee to fight against his proposed/selected opponents of DAZN and Goldenboy, or he wants to withdraw from the contract so that he can fight independently. Carneiro believes that, according to the contract, he can choose future opponents with Golden Boy. He further claimed that Golden Boy had a separate contract that gave DAZN the right to approve or reject potential opponents.
