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If you have even a passive interest in sports, professional fighting , or mixed martial arts, you’re undoubtedly aware of the UFC, which shattered records in 2023 as the largest MMA promotion in the world. The entity, whose title is short for Ultimate Fighting Championship, is one of the largest subsidiaries of Endeavor Group Holdings, which owns such massive companies as the Asylum Entertainment Group, TKO Group Holdings, and Professional Bull Riders. As of 2024, the UFC has ballooned its market capital to record highs , and run more than 700 events worldwide. According to BetMGM , the UFC is currently valued at a net worth of over $12 billion, with expectations to continue growing as the years carry on. Given that the outlet is so successful, it only makes sense that we perform a deep dive into the history and financial security of the business. Any entity which balloons from a humble MMA showcase to a multi-billion industry in the span of just 30 years is absolutely worth...
Floyd Mayweather Jr. , widely acclaimed as one of boxing’s most legendary figures, has enjoyed immense success inside the ring and built a substantial fortune. His strategic endeavors have solidified his status as a cultural icon, captivating both fans and investors. Based on recent evaluations up until 2023, Mayweather’s estimated net worth currently stands at $1.2 billion. Predicting his financial standing for 2024 is difficult due to the inherent volatility of investments and the multifaceted nature of his business ventures. Nevertheless, considering his track record, it’s foreseeable that Mayweather’s net worth could reach a whopping $1.5 billion by 2024. Mayweather’s Career Success Mayweather’s career in boxing is marked by a series of historic moments that solidified his status as one of the sport’s all-time greats. Beginning his professional journey after winning a bronze medal at the 1996 Olympics , Mayweather quickly rose through the ranks. In 2007, he faced off against...
The year 1997 was a good one for Black culture. The movie “B.A.P.S.” was in the theaters, and The Notorious B.I.G.’s “Hypnotize” was at the top of the charts. But it was a somewhat historic June night in Las Vegas, NV, that most people remember most. Mike Tyson and Evander Holyfield were going head to head in a boxing match, and something unbelievable happened out of nowhere. Tyson bit off a piece of Holyfield’s ear. That bizarre moment changed boxing forever and was a pinnacle moment in Tyson’s public life. Tyson is a New York native who rose to prominence in the mid-’80s for his boxing prowess. At one point, he boasted an undefeated record, dominating the industry and earning the heavyweight boxing title. According to ESPN, the 56-year-old would finish his 58-fight career with 50 victories, winning 44 by knockout. In 2011, he was inducted into the International Boxing Hall of Fame. And while Tyson’s talent in the boxing ring was commendable, his out-of-the-ring antics started to...
When the GOAT conversation regarding boxing comes up, the name Ali will likely appear near or at the top of everyone’s list. However, not many people thought there would be a day when Ali v. Ali could be a reality. A Notice of Opposition was filed by the company that owns Muhammad Ali’s trademark, attempting to stop his daughter Laila Ali from registering her name.
The sport of boxing has evolved. From the days of Jack Johnson to the era of Muhammad Ali, there has always been considerable momentum around boxing matches. And who can forget the ’90s that gave us the roller coaster that is Mike Tyson? However, you can’t have a whole conversation about the sport without mentioning the living legend, Floyd Mayweather. According to ESPN, Floyd Mayweather is the highest-grossing boxer of all time. Known as “Pretty Boy Floyd” in his early years, Mayweather entered the sport in 1996 and, in his 18 th professional fight, defeated the late Genaro Hernandez in the eighth round to win his first title and take the WBC super featherweight belt. He would go on to dominate his division, finishing his career with 50 wins, zero losses, and five division championships. His impact in the boxing ring earned him a spot in the Nevada Boxing Hall of Fame. During his acceptance speech, Mayweather told the adorning crowd that his best investment was using $750,000 to...
The Black cultural anthem “knuck if you buck” just took on a whole new meaning as heavyweight boxer Anthony Joshua inked a new deal with DAZN Group. The global sports entertainment company announced the new deal, which will broadcast Joshua’s future fights on their platform to customers across the globe.
Black boxers and fighters are amongst the richest athletes in the world. But the best part about these athletes is, many of them don’t just make money from filling stadiums or guaranteed purses. Rather, they — like George Foreman — make money from products featuring their name and likeness, from different investments, and even from Olympic medals. And, as AfroTech previously reported, one of the men on this list — Anthony Joshua — has started to diversify his investments into the cannabis arena. But not all of the richest Black boxers and fighters on this list are still active today. Many, like Mike Tyson and Lennox Lewis, no longer box professionally. But for the ones that have made this list due to their prowess in the ring, their commitment to the sport has paid off — something that was unheard of nearly 50 years ago. Cumulatively, there’s nearly $3 billion in net worths and salaries between these 10 men, and that alone means these men deserve their flowers. Let’s take a look at...
Video network app Triller is coming for Mike Tyson’s coins! According to ClutchPoints, after the former heavyweight refused to work with the app for his next exhibition fight, the streaming platform may be seeing him in court. When Tyson went up against Roy Jones, Jr., millions of dollars were allegedly spent on the former heavyweight, according to Triller CEO, Ryan Kavanaugh, who sent a letter detailing the spend. The CEO also claimed that the company had rights to a third fight against Evander Holyfield. “Rather than drop the price or renegotiate the deal, we agreed to keep the economics the same with the understanding that the Holyfield fight would be the next fight, and we pre-agreed to the terms,” wrote Kavanaugh. “No one else but Triller was willing to take $25 million dollars of risk on the initial fight, especially in the middle of Covid. We did. Every penny paid in full and no one has ever claimed we did not every penny in full.” Triller’s @RyanKavanaugh responds to Mike...
On Nov. 28, 2020, Triller will stream Mike Tyson’s return to the ring. According to CNBC , the highly anticipated pay-per-view boxing match —titled the “Frontline Battle”— against heavyweight champion Roy Jones Jr. will stream on the social media platform. The exclusive streaming rights cost the company north of $50 million, reportedly. Ahead of the fight, Triller will release a 10-part docuseries featuring footage of the fighters’ roads to the match. In addition, the company will announce the undercard matches and musical performances in the weeks leading up to the big day. View this post on Instagram A post shared by Roy Jones Jr. (@royjonesjrofficial) As he trains, Tyson has also launched Legends Only League , a sports league for legendary athletes from all sports to compete. “Legends Only League will support athletes in their individual sports, creating some of the most epic competitions products ad live events in the world,” Tyson said in the statement, according to CNBC. View...