Canelo Álvarez, born Saúl Álvarez, is one of the biggest names in boxing today. Known for his powerful punches and incredible skills, he has risen to the top of the sport. As we move into 2024, Canelo Álvarez’s net worth continues to grow, making him one of the richest athletes in the world. Let’s take a detailed look at how much he is worth in 2024 and what contributes to his immense wealth. In 2024, Canelo Álvarez’s net worth is estimated to be around $180 million.
Who is Canelo Álvarez?
Canelo Álvarez is a Mexican professional boxer. He started boxing at the young age of 13 and quickly made a name for himself. Over the years, Canelo has become a multiple-time world champion in four different weight classes. His fame, talent, and dedication to the sport have made him one of the most well-known and respected boxers in the world. He has fought some of the biggest names in boxing and has earned millions from his matches.
Canelo Álvarez’s Net Worth in 2024
In 2024, Canelo Álvarez’s net worth is estimated to be around $180 million. This amount continues to grow as he participates in more high-profile fights and secures deals outside of the ring. He is one of the highest-paid boxers in history, and his earnings come from a mix of fight purses, sponsorship deals, and business ventures.
How Does He Make His Money?
Canelo Álvarez earns his money through several different channels. His main source of income comes from his boxing matches. Each fight earns him millions of dollars, especially when it’s a major event. His fight against Gennady Golovkin, for example, earned him over $40 million in 2022.
Apart from fights, Canelo also makes money through endorsements. He has signed lucrative deals with companies like Under Armour, Everlast, and Hennessy. These endorsement deals add millions to his net worth every year. He is also a smart businessman and owns multiple businesses. For example, he has his own brand of sports drinks and clothing.
Canelo Álvarez’s Biggest Fights
Canelo has fought against some of the best boxers in the world, which has helped boost his earnings. Some of his biggest fights include:
- Floyd Mayweather (2013) – Although Canelo lost this fight, it was one of the most-watched and highest-grossing boxing matches of all time.
- Gennady Golovkin (2017, 2018) – Canelo and Golovkin fought twice, with both fights being extremely close and exciting. These fights alone earned him tens of millions of dollars.
- Billy Joe Saunders (2021) – Canelo won this fight and continued to cement his status as a top boxer.
Each of these fights contributed greatly to Canelo’s net worth, and he is expected to have more high-profile matches in 2024 and beyond.
Investments and Business Ventures
Canelo Álvarez is not just a boxer; he’s also a successful businessman. He has made smart investments over the years, which have helped grow his wealth. In addition to his sports drink and clothing brand, Canelo has invested in real estate. He owns several properties in Mexico and the United States.
Canelo has also shown interest in promoting boxing. He started his own boxing promotion company, Canelo Promotions, which helps young boxers get the opportunities they need to succeed in the sport. This company is another source of income for him, as he earns a percentage from the fights he promotes.
Lifestyle and Spending
With a net worth of around $180 million, Canelo Álvarez enjoys a luxurious lifestyle. He owns multiple mansions, drives expensive cars, and travels in private jets. One of his most famous purchases is a lavish mansion in Mexico, which is reportedly worth over $10 million. He is also a fan of luxury cars and has been seen driving Ferraris, Lamborghinis, and Bugattis.
Despite his wealth, Canelo is known for being humble and often gives back to his community. He donates to charities in Mexico and helps those in need. His dedication to his roots and his family is a big part of who he is, despite living a life of luxury.
What’s Next for Canelo Álvarez in 2024?
As we look ahead to 2024, it’s clear that Canelo Álvarez’s net worth will continue to grow. He is still in the prime of his career and shows no signs of slowing down. Boxing fans are eagerly waiting for his next big fight, and with each match, his wealth will likely increase. He will also continue to expand his businesses and investments, ensuring that his fortune continues to grow even after he retires from the sport.
In conclusion, Canelo Álvarez is not only one of the greatest boxers of all time but also one of the wealthiest athletes in the world. His hard work, talent, and business acumen have made him a global superstar. With an estimated net worth of $180 million in 2024, Canelo’s legacy both inside and outside the ring is firmly established.
