In a boxing world seeking another superstar, Canelo Alvarez is likely the biggest name. With a career dating back to his teen years, the Mexican boxing star is not yet 30 but he’s already one of the richest athletes on the planet. With Alvarez fighting some of his best matches ever, he will only get richer and add to his net worth.
Canelo Alvarez’s career
Alvarez fought his first match — a knockout fight — against Abraham Gonzalez in Larios, Tonala. Those who were lucky enough to see the small fight might not have known they were watching a coming-out party for one of the sport’s best young stars. With every passing contest, Alvarez showed that international stardom wasn’t a matter of if but when.
His first fight in America was in 2008 against Larry Mosley, whom Alvarez defeated with a unanimous decision. By 2010, he fought in the undercards of major events across the U.S. MGM Grand, Staples Center, the Alamodome, Canelo was putting on shows for boxing fans and letting them know he was here to stay.
To date, Alvarez’s only loss came at the hands of the undefeated Floyd Mayweather in 2013. With such a large match under his belt, however, this fight helped open the next chapter of Alvarez’s career. Since the 2013 loss, he’s won every fight except a draw against Gennady “GGG” Golovkin. Alvarez stands at 53-1-2 with 36 knockouts under his belt. Currently, he has one of the most lucrative deals in sports history.
Inside Alvarez’s bank account
Canelo has made himself a lot of money since his breakouts in the U.S. In 2017 alone, he brought in $42 million, a number only matched by other sports since then. He was the star boxing needed. Fans flocked to watch him take on some of the other biggest names in the sport.
In 2018, Alvarez signed a massive $365 million deal that covered his next 11 fights. This made him the highest-paid athlete ever, with the fighter getting a $50 million salary in his first match. In a sport desperate for new blood as Mayweather and Pacquiao entered their twilight, Alvarez was the real deal. According to Forbes, his fights were the first to get one million buys without Mayweather or Pacquiao involved since 2002.
Alvarez’s endorsements and business ventures
On top of his boxing income, Alvarez has several endorsement deals lining his pockets even heavier. He’s been under contract with Under Armour since 2012, although he uses Everlast gloves after signing a deal with them in 2014. He also has a healthy amount of non-fighting endorsement deals, from Hennessy to Tecate.
Furthermore, according to DAZN, Alvarez works closely with former boxing great Oscar De La Hoya and Golden Boy Promotions to help build that brand, as well. He spoke about this at the time of the deal.
“I want to show everyone that I will be a world champion and that I’m ready to fight the best fighters in the world,” Alvarez said. “The opportunity to work with Golden Boy is definitely one that I could not pass up as I feel it will help me achieve my goal of reaching my full potential as a fighter and becoming a huge success in boxing.”
What is Canelo Alvarez’s net worth?
With all of this money coming his way, Alvarez currently holds a net worth of $120 million according to Celebrity Net Worth. At just 30 years of age, however, this number will likely inflate throughout the rest of his career. By the time he gets to his next fighting deal, Alvarez could become the highest-earning boxer in the history of the sport.