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Home Net Worth

Canelo Alvarez Net Worth- How Rich Is He?

From an Ice Cream Seller to One of the Highest-Paid Boxers

April 26, 2023
in Net Worth
Canelo Alvarez Net Worth

Canelo Alvarez

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  • Canelo Alvarez’s net worth is $180 million; He has the highest contract signed by a boxer
  • The 34 years old Mexican is one of the highest-paid boxers in the world 
  • His real estate business generates up to $4-5 million every 3 months and has made up to $2 million from endorsement deals

Canelo Alvarez (real name: Santo Saúl Álvarez Barragán) has his thriving boxing career, endorsement deals, real estate business, and gas business to thank for his $180 million net worth. Considered one of the greatest boxers in recent times, Alvarez’s net worth also lands him in the position of the richest boxers.

From his Canelo Energy (gas business) to real estate business, and boxing, here is every available way Canelo made his fortune.

Table of Contents

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  • All Contributors to Canelo Alvarez’s Net Worth
    • He Started Boxing at The Age of 13 and Became a Professional in 2015
    • He Recorded a $2 Million Win in a Single Fight When He Was 22
    • A $5 Million Win Against Floyd Mayweather Added to Canelo Alvarez’s Net Worth
    • Alvarez Signed a $365 Million 5-year Deal in 2018
    • Other Famous Fights that Led to the 34  Years Old to Become One of the Richest Boxers
    • He Earns From Different Business Ventures
    • How Endorsements Deals Help the Canelo Alvarez Net Worth
  • How He Spends His Fortune
  • The Life of Canelo Alvarez Before Recording a Huge Net Worth

All Contributors to Canelo Alvarez’s Net Worth

He Started Boxing at The Age of 13 and Became a Professional in 2015

In 2003 when Alvarez was 13 years old, he started boxing after his older brother, Rigoberto started a professional career in the sport.

A year later in 2004, he became good enough to win a silver medal at the Junior Mexican National Championships.

At 15 in 2005, Alvarez became his country’s National Boxing Champion. The same year, he started his professional career.

Although there is barely a record of how much he earned at the initial stage of his career, he was able to knock out 11 of the 13 opponents he fought.

He Recorded a $2 Million Win in a Single Fight When He Was 22

View this post on Instagram

A post shared by Saul Alvarez (@canelo)

In 2012, 7 years after he started his professional career, the then-22-year-old boxer recorded one of his most notable wins and also increased his net worth after earning $2 million in one of the numerous fights he was involved in.

Alvarez went ahead to claim another victory in a fight against boxer, Josesito Lopez. The Mexican and reported father of 4 dominated the fight and made a 41-0-1 record.

It also led to his winning the prize of $2 million against his opponent who went home with $212,500.

A $5 Million Win Against Floyd Mayweather Added to Canelo Alvarez’s Net Worth

The 34 years old Alvarez had a fight with the highest-paid boxer, Floyd Mayweather on September 14 2013 in the presence of 16,746 people.

He lost the game in a majority decision which ended up leaving Alvarez with $5 million while a $41.5 million guarantee sum went to Mayweather.

Alvarez Signed a $365 Million 5-year Deal in 2018

In 2018, the Mexican signed a deal of 5 years for 11 fights that are reportedly worth a minimum of $365 million with DAZN – a sporting streaming service.

The deal will last until 2023. Prior to the time that the contract was signed, he was part of HBO.

The contract became the richest athlete contract in sports history in 2018 before the record was surpassed by other athletes such as Lionel Messi ($673.9 million), Patrick Mahomes ($503 million), and Mike Trout ($426.5 million).

Other Famous Fights that Led to the 34  Years Old to Become One of the Richest Boxers

  • Alvarez and Anjulo fought on January 9, 2014 (paid $100,000 from his $1.25 million and was left with $850,000)
  • His fight against Miguel Cotto in 2015 peaked at $2.296 million, becoming the highest viewership for HBO in the year. He walked away with $5 million in his purse
  • In 2013, the boxing champion made $12 million from his fight with Mayweather per Celebrity Net Worth
  • Canelo Alvarez earned $5 million from the 2017 match against Gennady Golovkin
  • He made about $32 million from a fight against Callum Smith and Avni Yildirim

He Earns From Different Business Ventures

Real Estate

In an interview, the boxer says he’s into real estate and earns about $4 and $5 million every 3 months. He would also add that his finances from the business could stand tall for him if he chooses to retire from boxing but he’s still into the sport for the love of the sport.

Gas Stations

In 2021, the Mexican announced that he would venture into the Gas business to expand his finances as well as in a bid to become a billionaire in business.

He told of his thoughts to own about 90-100 gas stations in different parts of Mexico. Although at the time the business did not kick off, it is said to be named Canelo Energy.

See Also: Albert Pujols Net Worth – Every Detail About How He Made His Wealth

How Endorsements Deals Help the Canelo Alvarez Net Worth

According to a record from Forbes, the 1990-born-Mexican earns about $2 million from endorsements.

He has endorsed brands such as:

  • Under Armour (2012)
  •  Everlast (2014)
  • Tecate
  • Hennessey

How He Spends His Fortune

Houses

  • A mansion in Mexico

Cars

  • Bugatti Chiron (worth $2.3 pounds)
  • Mercedes SLS AMG Black Series
  • Mercedes-Benz G63 AMG 6×6
  • Rolls Royce Ghost
  • Lamborghini Aventador
  • Ferrari Testarossa
  • AMG C64 biTurbo
  • Ferrari 458 Italia
  • McLaren P1
  • Porsche 911 GT3
  • Lamborghini Gallardo (Renazzo Vorsteiner edition)
  • Shelby Mustang
  • Multiple motorcycles

The Life of Canelo Alvarez Before Recording a Huge Net Worth

The boxer was born Santo Saúl Álvarez Barragán on 18 1990 in Guadalajara Jalisco, Mexico.

He was born as the last of 8 children including boxers Ramon Alvarez, Ricardo Alvarez, and Rigoberto Alvarez.

At a young age, Canelo exposed himself to boxing mostly through his older brothers.

In a report, Canelo sold ice cream on buses in Mexico.

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