Boxing is a popular game worldwide. People of all ages enjoy the crucial moment of a boxing match. Because of this demand, many people build their professional careers as a boxer. Canelo is one of those person. He built up an extreme position in the boxing games. Today, we will discover Canelo net worth and how he earns it.
Table of Contents
Who is Canelo?
Canelo is a Mexican professional boxer. He is well-recognized as the winner of multiple world championships in four weight classes. Canelo is the first and only boxer in history to become an undisputed champion in super middleweight by holding the WBA (Super), WBC, and Ring magazine titles since 2020, and also the IBF and WBO titles since 2021. Forbes magazine listed him in the world’s highest-paid athletes chart.
Short Bio of Canelo
|Full Name||Santos Saúl Álvarez Barragán|
|Birthdate||18 July 1990 (age 33)|
|Birthplace||Guadalajara, Jalisco, Mexico|
|Height||5’ 8” (1.73 m)|
|Social Media||Instagram, Twitter|
|Net Worth||$200 million|
Canelo Net Worth
As of 2023, Canelo’s net worth is recognized at $200 million. Being a successful boxer is the main reason behind this massive net worth. He has won a lot of championship matches in his entire career. This made him the most demanding as well as the highest-paying athlete.
Canelo was born in Guadalajara, Jalisco. But his family moved to Juanacatlán, Jalisco, when he was five years old. He has six elder brothers and one elder sister. All of his brothers also became a boxer.
Canelo grew his interest in boxing from his early childhood. His elder brother Rigoberto inspired him the most to be a boxer. As a result, Canelo started boxing at the age of 13. He quit his high school to pursue a boxing career.
Facts Behind Canelo Net Worth
Canelo started his boxing career in 2003. He participated in the Junior Mexican National Championships in 2004 at Sinaloa. He won the silver medal in this championship. In the following year, he again joined the Junior Mexican National Championships, which was held at Sinaloa. This time, Canelo won the gold medal and became the National Champion at the age of 15.
Later, he played in several championships. Canelo completed a total of 46 matches in the Amateur Career and won 44 of them. He also made 12 knockouts in this entire career.
Canelo got a massive amount of prize money from his winning games and championships. These earnings built a foundation for his future net worth and also allowed him to accumulate much wealth from the beginning of his career.
Professional Boxing Career
Canelo debuted in professional boxing at Arena Chololo Larios, Tonalá, Mexico, on 29 Oct 2005. He also fought against Abraham Gonzalez and won the match by a 1-0 knockdown score.
Later in the following month, he again fought in the same arena against Pablo Alvarado and gained the victory by 2-0. After this incredible early professional performance, he became a matter of discussion. His fame rose to the top after completing matches against many highly decorated boxers, such as Carlos Adán Jerez, Miguel Vázquez, Dmitry Bivol, Jermell Charlo, and others.
Canelo made a total of 64 fights and won 60 fights in total, where he won 39 fights by knockout and 21 by decision. Canelo achieved a vast amount of prize money from every game he won. These earnings became the main source of his net worth.
Canelo completed many pay-per-view shows on several streaming networks. With his incredible performance and aggressive fight, he got a vast number of fans worldwide. For this reason, his every streaming match got massive viewers. Various streaming platforms like Showtime, HBO, and DAZN organize boxing matches to stream on their platforms.
Canelo’s recent Pay-per-view Show was streamed on the DAZN network. It sold 550,000 online tickets, which is worth approximately $79,500,000. He completed a total of 12 Pay-per-view Shows. All of his shows earned over hundreds of millions in revenue. Canelo was paid a large portion of these earnings, which increased his net worth widely.
Canelo’s are also steamed online through subscription basic. Online streaming platform DAZN offers member subscriptions, where subscribers get a series of boxing shows or a particular period in which they will be able to watch upcoming matches. As DAZN network collaborated with Canelo, they paid him a high amount for every fight.
As Canelo has wide fame, many big brands want to promote their product through him. For this purpose, he signed promotion contracts with several brands. Canelo is involved in a long-time contract with Under Armour. He also became the face of the Tecate brand. It is estimated that Canelo earned almost $2 million from his brand deals and promotions.
Besides fighting, Canelo also managed several businesses. He owns a taco restaurant chain named Canelo’s Bar and Grill. He also holds a majority stake of a Mexican soccer team, Santos Laguna. Canelo established Canelo Promotions, a boxing promotion company in Mexico. In 2013, this company represented 40 boxers throughout Mexico. Undoubtedly, Canelo generated a vast profit from this business.
Canelo was engaged with Miss Mexico Universe 2003, Marisol González. But they ended their relationship very soon. Later, Canelo started a relationship with Fernanda Gómez. They continued it for a long time. Canelo and Fernanda married in May 2021 in Guadalajara, Mexico. Canelo has four children from his previous relationships with different women.
How much is Canelo net worth in 2023?
As of 2023, Canelo’s net worth is recognized at $200 million.
How much does Canelo earn per year?
By recognizing Canelo’s past year’s earnings, it is estimated that he earns almost $40 per year.
How much does Canelo earn per fight?
Currently, Canelo earns around 10-20 million US dollars per fight.
How many fights did Canelo lose?
Canelo lost only two fights in pro boxing fighting.
Canelo net worth is a result of his excellent fighting strength. He pushes himself to the edge and brings victory to his every fight. His unique techniques make him successful in the boxing ring as well as in his financial status.