What Is Canelo Net Worth? Career And Lifestyle

Canelo birth date is July 18, 1990, and his full name is Santos Sal lvarez Barragán. Although Alvarez’s family originally lived on the outskirts of Guadalajara, they relocated to Juanacatlan when he was five years old. All seven of Alvarez’s siblings helped raise him on the family farm. Six of Saul’s brothers followed in his footsteps and became boxers. Saul used to be an avid horse rider when he was younger.

Red hair is unusual in Mexico, but not for Alvarez. Canelo is a nickname for Saul Alvarez that refers to his hair color (cinnamon) in Spanish. At the age of 13, Saul Alvarez took up boxing as his older brothers had done before him. His early success as an amateur was remarkable; he finished as runner-up at the Mexican Junior Championship and then won the title the following year, at age 15.

Canelo Contracts

Canelo Alvarez agreed to terms with Oscar De La Hoya’s promotional business and DAZN on October 17, 2018, signing a five-year, $365 million bout contract. The contract includes 11 fights, the first of which is on December 15, 2018, in New York, against Rocky Fielding. Canelo made $95 million from his business between June 2018 and June 2019. He made $40 million in the subsequent 12 months. Canelo brought in $90 million between June 2020 and June 2021.

Canelo Career

After winning gold, Alvarez turned professional quickly. Although it is unusual for a boxer to make their professional debut at the age of 15, Alvarez did so because nobody else was willing to face him in the amateur ranks. His opponents were considerably older boxers, yet he still managed to knock them out. He has previously defended the welterweight championship he had won in 2006.

After that, in 2010, Alvarez made the switch to light middleweight and won the WBC silver belt. In the same year, he made history by knocking out boxing legend Carlos Baldomir. Alvarez kept on defending his championship and in 2013, he finally defeated Austin Trout. When Alvarez faced Floyd Mayweather later that year, he was decisively defeated.

After beating Alfredo Angulo in 2014, Saul Alvarez went on to win a string of subsequent bouts. In 2015, Alvarez defeated Miguel Cotto in a major victory. Alvarez became the undisputed middleweight champion of the world after this win, having previously held the championships of the World Boxing Council, the Ring, and by lineal descent. By knocking out Amir Khan, he successfully defended his titles.

In 2016, Alvarez made the weight cut to challenge Liam Smith for the WBO light-middleweight world title. He knocked Smith out with a stunning blow and won the championship. Alvarez fought Julio Cesar Chavez Junior after protracted discussions and came out on top by unanimous decision. Everyone’s been anticipating Alvarez vs. Golovkin, and this finally made it happen.

Years of back-and-forth negotiations preceded the formal announcement of the Golovkin fight. In September of 2017, a split decision found both fighters to be on equal footing. Inevitably, a rematch was set for May of 2018. Although Alvarez tested positive for an illicit drug, he was only suspended for six months. It’s a strange turn of events, but Golovkin lost his belt as well. However, the rematch remained a priority for both boxers, and after much back-and-forth, an official date in 2018 was set. Many media outlets and fans scored the bout for Golovkin, but Alvarez was declared the winner.

Alvarez won at super middleweight and then moved down to the middleweight division, where he defeated Daniel Jacobs. Then in 2019, he boxed up to the light heavyweight division and defeated Sergey Kovalev.

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Income Over A Working Lifetime

Manny Pacquiao, widely regarded as the best boxer in the world, reportedly turned down $65 million to fight Saul in Mexico. On the other hand, Alvarez would have a lot more chances to fight in high-paying bouts. When Saul Alvarez fought Sugar Shane Mosley on May 5, 2012, and won, he took home a $1.2 million payday. Saul Alvarez won a $2 million purse and a $1,00,000 knockout bonus from Golden Boy Promotions for his September 16, 2012 fight against Josesito Lopez.

Despite losing to Mayweather, Saul still made $12 million ($5 million purse plus 10% of PPV income). Upon defeating Miguel Cotto on November 21, 2015, Saul Alvarez was awarded a $5 million purse. There were 900,000 pay-per-view purchases made during that bout, earning HBO $58 million in the United States alone. As a result of his victory with Amir Khan in May 2016, Saul Alvarez made between $15 and $25 million. NCAS claimed a live gate of over $7 million.

Canelo Net Woth

Money from endorsements and fight purses brought Saul to $44 million between June 2017 and June 2018. The Golovkin fight was worth over $40 million to Alvarez, and ESPN claimed a live gate of over $20 million. Canelo received $25 million to simply show up for their rematch in September of 2018. More than $94 million was made through PPV purchases of the rematch.

How Much Money Canelo Has Made Throughout His Life Work?

Mexican boxer Canelo, well known by his ring name “Canelo,” has a net worth of $180 million. It has been said that Alvarez is the best boxer pound for pound, and he has won four world titles in different weight classes. Every boxer Saul Alvarez has faced has found him to be an extremely tough opponent.

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