Ryan Garcia Spends Big Chunk of His Net Worth on Luxurious L.A. Mansion

Ryan Garcia put the boxing world on notice after his dominant victory over Javier Fortuna back in July. ‘The Flash’ put on a show for the fans as he knocked down the Dominican boxer twice in the fifth round, eventually finishing him with a knockout in the 6th.

Garcia is not only a skilled boxer but also one of the most popular fighters in the sport. He has amassed a large following on social media and has over 7.8 million followers on Instagram, 3.1 million followers on TikTok, and 750 thousand subscribers on his YouTube channel. Moreover, his marketability has made him quite a fortune, with an estimated net worth of $10 million.

Ryan Garcia buys his first home

However, the 24-year-old has now spent a large part of this on his new home in California. According to TMZ, Garcia has purchased his first ever home, costing him a whopping $3.1 million. The house is located in Porter Ranch, which is around 30 miles north of downtown Los Angeles.

The property is spread across 3,680 square feet and comes with two stories, five bedrooms, and six bathrooms. It also has a luxury pool, spa, and an outdoor fireplace to justify its extravagant price tag.

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This was not all as Garcia’s buyer’s agent, Brandon Soufer of The Agency, was also very excited by this purchase congratulating Garcia on social media. “Congratulations to my brother @kingryan for purchasing his first home with me. I am honored to have had the opportunity to be a part of this big step in your life. Cheers to many more accomplishments together for us to celebrate. Love you my brother,” he wrote.

Garcia is only 24 years old and is still set to make a lot of money in his career. However, spending such huge sums on extravagant things can often leave boxers bankrupt.

Mike Tyson is the perfect example of this as he declared bankruptcy in 2003, spending all of his reported career earnings of $400 million.

Several boxers gain huge amounts of money and fame early in their career. However, they sometimes lack the financial advice necessary to handle such amounts of money and end up spending it all.

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