How Canelo Alvarez Made a Net Worth of $200 Million?

Canelo Alvarez is a professional boxer from Mexico. He has won multiple global championships and is a three-time champion.

They include “The Ring Championship,” “World Boxing Council (WBC),” and the Unified “World Boxing Association (WBA) Super.” More information about Alvarez's net worth, wages, wife, and other relevant details may be found in this article.

Quick Facts About Canelo Alvarez

Name Canelo Alvarez
D.O.B July 18, 1990
Gender  Male
Profession Professional Boxer
Net Worth $200 million

His Early Life: Parents and Siblings

A Mexican professional boxer by the name of Canelo or Sal, Saul Alvarez Barragán was born on July 18, 1990.

In an interview, Alvarez revealed that although his family is from Los Reyes, Michoacán, he was born on the outskirts of Guadalajara, Jalisco. When he was five years old, his family relocated to Juanacatlán, Jalisco, where they still reside.

He learned to ride horses while growing up on his family's farm, a skill he still practices now. Alvarez is the youngest of eight kids—seven of them are boys—and the only one whose siblings are also successful professional fighters.

Canelo Alvarez Net Worth

Welterweight boxers Ramón, Ricardo, and former WBA interim world champion Rigoberto Lvarez are among his brothers. The Spanish term for cinnamon, Canelo, is used to refer to men and is a typical moniker for those with red hair.

Ana Maria, his mother, has red hair as well. Red hair is frequently associated in Mexico with Irish troops who served in the Saint Patrick's Battalion and fought for Mexico during the Mexican-American War. Alvarez once remarked, “There might have been an Irish grandfather someplace back in my background,” when discussing his ancestry.

When he was young, bullies would refer to him as “Jcama with Chile,” which is a Mexican delicacy made of jicama and chili flakes.

His Successful Wrestling Career

In the Vicente Fernández Arena, he defeated Luciano Leonel Cuello via TKO in the sixth round of their WBC silver light middleweight fight. Vicente Fernández, a Mexican singer, handed Alvarez a horse at the post-fight interview.

On the undercard of Shane Mosley vs. Sergio Mora, he then engaged in combat with former WBC welterweight champion Carlos Baldomir at the Staples Center in Los Angeles, California.

Canelo Alvarez Net Worth

For the vacant WBC light middleweight title, on March 5, 2011, Alvarez won a majority decision over EBU welterweight champion Matthew Hatton. The fight took place at the Honda Center in Anaheim, California, and was broadcast on HBO.

Ryan Rhodes, a super welterweight who is currently the EBU light middleweight champion and ranked #4 in the Ring, was the opponent for Alvarez's successful defense of his newly acquired WBC title. Rhodes was defeated by Alvarez via technical knockout in the twelfth round of their 2011 fight in Guadalajara, Jalisco.

At the Staples Center in Los Angeles on September 17, 2011, Alvarez defeated The Contender contestant Alfonso Gomez by technical knockout in round six to successfully defend his title.

Net Worth and Endorsements

Sports Manor estimates that Canelo Alvarez has an estimated net worth of $200 million in 2022. As a result, Alvarez earns the majority of his income during matches as well as from lucrative sponsorship deals. Currently, Under Armor (2012), Everlast (2014), Cleto Reyes, Tecate, Hennessy, and other companies sponsor the Mexican boxer.

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The sum of Canelo's boxing earnings is $170. (approx.). In addition to this and his lucrative endorsement deals, Saul has started to make significant investments in other industries.

Alvarez currently owns a clothing business called Store Canelo that specializes in sporting goods like tracksuits, t-shirts, caps, etc. Saul also makes money from his enterprises in real estate, petrol stations, and his own fighting promotion firm, Canelo Promotions, in addition to this.

The 32-year-influence old's is anticipated to keep growing since his career is still in its infancy, making him a very marketable athlete.

As a result, you may anticipate a sharp growth in Alvarez's endorsement income in the years to come. Additionally, when “Canelo” fights Gennadiy Golovkin on September 17, 2022, at the T-Mobile Arena in Las Vegas, Nevada, he will want to boost his net worth even more.

Instagram Account of Canelo Alvarez

He has 13.7 million followers on his Instagram Account. Check out his latest post below.

View this post on Instagram

 

A post shared by Saul Alvarez (@canelo)

Income From Boxing Career

In 2005, El Canelo Alvarez made his professional boxing debut. His first 22 fights took place throughout numerous Mexican towns, with his final one occurring in 2008.

Canelo's earnings have grown substantially as his career has developed. In 2011, he earned between $1 million and $5 million from each bout. During his well-known match with Floyd Mayweather Jr. in 2013, he earned $5 million.

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His earnings increased gradually till he knocked out Amir Khan in 2016 and set a new record of $20 million.

After Mayweather's defeat, Alvarez became unbeaten for a sizable amount of time. The majority of Canelo's wealth came from his professional boxing career.

In his boxing career, Saul “Canelo” Alvarez has fought 61 times, but he has said that there should have been closer to 70. His record does not reflect the roughly 8 to 10 professional fights he participated in.

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Final Words

Canelo Alvarez is rated seventh on the list of the World's Highest-Paid Athletes. Forbes published the list in May 2022. He works extremely hard, which is how he amassed a staggering net worth of $200 million. We send him our best wishes for continued success. Please leave your questions on Canelo Alvarez in the comment area.

Frequently Asked Questions

Who is the Wife of Canelo Lvarez?

Fernanda Gómez is the name of Canelo Alvarez's wife (m. 2021).

Alvarez is How Old?

The 32-year-old boxing legend is an icon.

How Many Times Has Canelo lost a World Title?

Alvarez's 61-fight career to date has seen him famously lose just two matches (57 wins, two draws). The first happened in September 2013, when Canelo's WBC and The Ring light-middleweight titles were won by the 50-0 Floyd Mayweather Jr.

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