Santos Saúl Álvarez Barragán, known as Canelo, is a Mexican professional boxer born on July 18, 1990. He has won multiple world championships in four weight classes, from light middleweight to light heavyweight, and became the first undisputed super middleweight champion in 2021, holding the title until July 2024.
Renowned for his counterpunching and body shots, Álvarez is ranked among the world’s top pound-for-pound boxers. A major pay-per-view star, he has appeared on Forbes’ list of highest-paid athletes multiple times.
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Canelo Alvarez Net Worth
Canelo Álvarez has a net worth of $250 million. On October 17, 2018, he signed a 5-year, $365 million fight contract with Oscar De La Hoya’s promotion company and DAZN, covering 11 fights starting with his December 2018 bout against Rocky Fielding.
Between June 2018 and June 2019, Canelo earned $95 million, followed by $40 million in the next year. From June 2020 to June 2021, he made an additional $90 million.
Early Life
Canelo Álvarez was born near Guadalajara, Jalisco, but his family hails from Los Reyes, Michoacán. They moved to Juanacatlán, Jalisco, when he was five. Growing up on a farm, Canelo learned horseback riding, a skill he still enjoys.
The youngest of eight children, Canelo has seven brothers, all of whom became professional boxers, including welterweights Ramón and Ricardo Álvarez and former WBA interim champion Rigoberto Álvarez. His nickname, “Canelo,” means cinnamon in Spanish, referencing his red hair, a trait often associated with Irish ancestry in Mexico.
Career
Canelo Álvarez began boxing at 13 after watching his brother Rigoberto‘s professional debut. By 15, he turned pro, quickly knocking out 11 of his first 13 opponents. His early career highlights include defeating future IBF lightweight champion Miguel Vázquez twice and scoring a third-round knockout over Brian Camechis.
Canelo’s rise continued with victories over José Cotto and Carlos Baldomir, becoming the first to knock Baldomir out. In 2011, he won the WBC light middleweight title, defending it against Ryan Rhodes and Alfonso Gómez, solidifying his reputation as a formidable boxer.
Personal life
Álvarez is Catholic and married Fernanda Gómez in May 2021 at Guadalajara Cathedral.
He has three daughters and one son from previous relationships. An avid car collector, his garage includes a Ferrari LaFerrari, Bugatti Chiron, Lamborghini Aventador SVJ, Shelby Mustang, Mercedes-AMG G 63 6×6, Rolls Royce Ghost, and a Tesla Model X, along with several motorcycles.
Álvarez plans to retire from boxing by age 37 to focus on golf and business. He owns Canelo Promotions, representing 40 Mexican boxers, and appeared in Creed III (2023).
How much does Canelo make if he wins a fight?
Canelo’s earnings per fight can be significant. He earned $40 million against Caleb Plant and had a guaranteed purse of $15 million when he faced Dmitry Bivol. His matches against Gennadiy Golovkin brought him $40 million and $30 million, respectively.
Conclusion
Canelo Álvarez’s journey from the boxing rings of Mexico to global stardom is not just a tale of sporting excellence but also a testament to his acumen as a businessperson. His story serves as an inspiration for many, proving that with talent, hard work, and smart decisions, one can truly punch their way to millions.
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FAQs about Canelo Alvarez Net Worth
- How much is Canelo Álvarez worth?
- Canelo Álvarez has a net worth of $200 million.
- How did Canelo Álvarez amass his wealth?
- Most of his wealth comes from his successful boxing career and business ventures, including his real estate investments.
- Does Canelo earn more than Mayweather?
- No, Mayweather’s net worth of around 450 million dollars surpasses that of Canelo’s.
- How much did Canelo earn from his fight against Mayweather?
- Canelo was guaranteed $5 million for his fight against Mayweather, but both fighters also received a percentage of the pay-per-view revenue.
- How many businesses does Canelo own?
- Canelo currently owns eight companies.
