Even if kickboxing bag reviews can be used to buy a boxing bag (check out our article here), the amount of money you spend is not always proportional to its performance, although you can always go for a century aerobic Wavemaster. However, professional boxers more than make up for that spending with the purses they earn and we must admit that, although the equipment isn’t a decisive factor, it can help in terms of comfort and improved performance, just like a good pair of Hayabusa MMA shorts can keep you dry and doesn’t limit your moves. Out of all of them, Floyd Mayweather Jr. is far and away in terms of winnings, raking in an estimated $560 million.
A rich sport
While boxing has always been quite popular, the changes undergone by the entire world led to an even more accelerated process. Therefore, the fortunes of the boxers started reflecting this, especially the high-tier ones who are now able to make millions upon millions, sometimes even for a single fight.
There are a hundred thousand dollar purses or handbags, and then there are the boxing purses. According to a source, the term ‘purse’ may stem from the literal old-time drawstring purses that were hung on the stakes planted in the ground to hold up the ropes.
Where does so much money come from, though? For instance, in the case of the famous Mayweather-Pacquiao fight, nearly 70% of the money came from the fans buying the fight on pay-per-view so that is how the publicity and the marketing of fights became every bit as important as the fights themselves.
With a suggested price of about $90, and the potential for 3 million or more buys, one pay-per-view fight is set to generate about $300 million. The development of TV and the Internet has ensured that more and more people get access to the bouts and, due to facilities like online streaming, they even get more and more cheaper.
How is the purse split?
Usually, the purse is split between the two fighters and their camps with a percentage agreed upon before the fight. However, the fighter with the bigger draw will usually get the bigger piece of the pie. For instance, in the Canelo vs Golovkin fight in 2017, it was a 55/45 split because Canelo had the bigger fan base at the time.
However, sadly for the fighters, that’s not the end of the story, not even by a longshot. It fact, it could be argued that the biggest winner of a boxing match, especially a big one, is the United States government.
For instance, the Mayweather-Pacquiao match benefited because it was held in Nevada, where there’s no state income tax and the two were able to save some of the money. However, the federal income tax rate still was about 39.6 percent of their entire prize winnings.
Since many of them have made quite a lot of money, we feel it’s quite important that we make a list of the top boxers who have had the most financial success in this sport.
Marvin Hagler – $45 million
In a time where boxing was not the money-making industry it is today, Marvin Hagler managed to distinguish himself from the herd between 1973 and 1987. From 1980 to 1987 he even resigned as the middleweight champion without somebody being able to defeat him.
Hagler also held the second unified championship reign in boxing history and, as of 2020, is estimated to have a worth of $45 million, not too shabby for somebody who shone brightest during a time when the Internet was not even invented.
Wladimir Klitschko – $60 million
Just like his brother Vitali, Wladimir Klitschko is a Ukrainian former professional boxer who actively competed from 1996 up until 2017. When it comes to in-ring success, Klitschko is a two-time world heavyweight champion and has managed to win the WBA, IBO, IBF, and WBO titles.
He is widely considered to be one of the best heavyweight boxers of all time and has also managed to build up a considerable net worth, estimated to be around $60 million as of 2020.
Anthony Joshua – $60 million
Anthony Joshua is a British professional boxer and the fact that he is currently active and still on this list is a testament to his worth. In March of 2020, he managed to hold three of the four major world championships in the world and also got his hands on the WBO title.
Due to this success, Anthony Joshua’s net worth has risen to an impressive $60 million and by the time his career is over, he would have surely climbed even higher.
Vitali Klitschko – $80 million
Funny enough, Vitali Klitschko is a Ukrainian former professional boxer who, along with his brother Wladimir, was thought to be one of the best in the world for a large part of his career. Now, however, he serves as Mayor of the city of Kyiv(Kiev) and head of the Kyiv City State Administration.
He is also a former member of the Ukrainian Parliament so we can say he was quite successful both inside and outside the ring. As of 2020, Vitali Klitschko’s net worth is estimated to be around $80 million.
Sugar Ray Leonard – $120 million
Nicknamed ‘Sugar’ for his sweet and smooth boxing skills, Leonard is an American former professional boxer who is widely regarded as one of the greatest of all time. He fought between 1977 and 1997 and has managed to win world titles in five weight divisions in those 20 years.
Pragmatically using his fame and name even after retiring, ‘Sugar’ Ray Leonard’s net worth, as of 2020, is estimated to be $120 million.
Lennox Lewis – $140 million
Lennox Lewis is a legendary former professional boxer who competed for quite a long time between 1989 to 2003. This boxer is a three-time world heavyweight champion and even a two-time lineal champion.
He also successfully represented Canada as an amateur at the 1988 Summer Olympics by winning the gold medal in the super-heavyweight division in a no-nonsense manner.
As of 2020, Lewis’ net worth is estimated to be around $140 million, making him one of the richest boxers in history.
Manny Pacquiao – $190 million
It seems that boxing and politics really do go hand in hand quite well since Manny Pacquiao is another example of that. The Filipino ranks number four in BoxRec’s greatest pound for pound boxers of all time list and also serves as a Senator of his country.
Since 2020, Manny Pacquaio’s net worth is estimated to be around the $190 million range, making him one of the richest and, at the same time, most successful boxers ever.
Oscar De La Hoya – $200 million
Oscar De La Hoya is another example of a former fighter who was smart enough to use his name and reputation to keep himself in the business even after his boxing days were gone.
As a pro, he competed from 1992 to 2008, managing to win multiple world titles in six different weight classes. Pound for pound, he is ranked as the 5th best boxer of all time and his skills got him the nickname ‘The Golden Boy’.
As of 2020 and combining both his fighting and promoting royalties, De La Hoya is said to value around $200 million.
George Foreman – $300 million
George Foreman’s prime time came from 1969 to 1977 and from 1987 to 1997, so the amount of money he was able to win is even more impressive due to this.
Nicknamed ‘Big George’, he is a two-time world heavyweight champion and an Olympic gold medalist whose net worth is estimated to be around $300 million as of 2020.
Floyd ‘Money’ Mayweather is an American professional boxing promoter as well as a former professional boxer who managed to define the sport for the period that he was active in. Mayweather competed from 1996 to 2007 and also from a 2009 comeback to 2015, as well as one more fight in 2017.
He has managed to win multiple world titles in five weight classes and ended his career with an undefeated 50-0 record. As of 2020, Floyd Mayweather is said to be worth an estimated $560 million, making him the richest boxer in the world by a wide margin and that is in large part due to his showmanship and very good boxing skills.