Canelo Alvarez Net Worth: Only A Tenth of His Earnings Came From Non-Boxing Sources Last Year

Canelo Alvarez is a boxing powerhouse, who has dominated the ring, capturing titles across multiple weight divisions and etching his name as a relentless fighter. He’s even surpassed rival Floyd Mayweather Jr. in the sheer number of opponents conquered. Even when it comes to financial knockouts, Canelo is well on his way to the top. Celebrity Net Worth has ranked him third among the richest boxers of all time. However, that is not all.

The Mexican Icon also left the world shocked after he made his way to the fifth position on Forbes’ list of highest-paid athletes last year. He earned $10 million off-field, which is a million less than the tenth of what he cashed out through his boxing fight purses. As per Forbes’ Richest Athletes list of 2023, the 34-YO bagged $110 million off and on-field earnings in 2023.

As of now, Alvarez is set to face Edgar Berlanga at the T-Mobile Arena on the Mexican Independence Day weekend. With that in mind, let’s check out how is he faring financially in 2024 so far, along with the account of his biggest paydays over the years.

What is Canelo Alvarez’s net worth?

Canelo Alvarez already packs a punch when it comes to finances. As of 2024, his net worth is estimated at a cool $275 million, according to Forbes, making him one of boxing world’s wealthiest athletes.

His climb to riches wasn’t without its gloves-off moments. In 2018, he signed a record-breaking $365 million deal with DAZN, promising $35 million per fight. However, after feeling shortchanged, Canelo threw in the towel in 2020, suing for a whopping $280 million in unpaid earnings.

Despite the legal tussle, his career continued to flourish. Thanks to his victories and lucrative sponsorships, he landed another fight deal. This time, Canelo signed a $100 million plus 3-fight deal with PBC. However, it also had its fair share of controversies.

Akin to the DAZN deal, Canelo faced issues with PBC as well. After securing a sensational victory over Jermell Charlo, the first fight of his PBC deal, the Guadalajara native reportedly parted ways due to a disagreement over the second fight. He was supposed to fight Charlo’s twin Jermall on Cinco De Mayo weekend, which PBC failed to negotiate and help come to fruition. It led the Mexican Icon to contractually explore other options.

However, later, Canelo and PBC once again came together to form another one-fight deal, which saw Canelo Alvarez fight Jaime Munguia. Now, Canelo is facing his WBA mandatory Berlanga with PBC promoting the fight, in a way completing the original three-fight deal. 

With each fight and endorsement deal, Canelo cements his place among boxing’s financial heavyweights. So, the next time you see him in the ring, remember, those punches don’t just land blows, they land big bucks too. Here’s a peek into some of the biggest paychecks he has made through his fights.

From GGG to Charlo: Biggest fight purse of his illustrious career

Canelo Alvarez throws punches that pack a financial wallop, solidifying him as a boxing cash king. While guaranteed purses range from $5-$15 million, his true earnings come from PPV shares, often exceeding guaranteed amounts. From 2012 to 2018, some of his notable earnings are as follows:

Sugar Shane Mosely: $1.2 million

Josesito Lopez: $2 million

Floyd Mayweather: $12 million

Miguel Cotto: $5 million

Amir Khan: $25 million

Gennady Golovkin I: $40 million

Gennady Golovkin II: $30 million

Victories against Rocky Fielding and Daniel Jacobs saw estimated totals of $15 million and $7.5 million respectively.

Stepping up in 2019, Canelo challenged Sergey Kovalev for the light heavyweight title, boosting his purse to $15 million and estimated earnings to $30 million after the fight. Similar figures followed for Callum Smith and Avni Yıldırım. Fights against Billy Joe Saunders, Caleb Plant, and Dmitry Bivol pushed his earnings to a staggering $33-$38 million range.

Read More: Canelo Alvarez Demands $200 Million for David Benavidez Fight: Fair Play or Delusion?

Even recent victories showcase his dominance. The third Golovkin fight saw his PPV share reportedly climb to $45 million. Against John Ryder in 2023, his total earnings likely reached $38 million again. With Jermell Charlo, he bagged around $40-$50 million.

Edgar Berlanga vs Canelo Alvarez fight purse

The highly anticipated clash between Canelo Alvarez and Edgar Berlanga on September 14 at the T-Mobile Arena in Las Vegas is not only a major boxing event but also a financial spectacle. With three titles on the line—WBC, WBO, and WBA—the stakes are sky-high, and so are the earnings. Canelo Alvarez is set to take home a substantial sum from this bout. 

Following his recent fight with Jaime Munguia, where he earned between $30 to $35 million in guaranteed purse and PPV shares, Canelo is expected to surpass this figure. His share of the PPV revenue, estimated between 50% and 80%, could push his earnings well beyond $35 million.

On the flip side, Edgar Berlanga is stepping into the biggest fight of his career. Traditionally earning between $500,000 and $700,000 per bout, Berlanga’s purse for this fight will be a significant increase. Rumors suggested he could earn up to $30 million, with $17.5 million guaranteed, though Berlanga has downplayed these figures, calling them “too high.” Despite the uncertainty, Berlanga will undoubtedly see a substantial financial boost, marking a major leap in his career.

Now, he looks to do the same with the Edgar Berlanga fight on September 14, 2024, in Las Vegas. Do you think he will ever surpass his rival Floyd Mayweather in the highest career earnings?