What Is Don King’s Net Worth in 2022?

In the history of boxing, Don King will always remain a prominent promoter, who staged some of the biggest events in the sport. His ways were uncanny and controversial, which later resulted in several kinds of mishaps. However, King always made the fans aware of his events, and in no way let his fighters run out of stardom.

He similarly benefitted from his boxers, amassing massive financial gains throughout his run. From hosting the Muhammad Ali vs George Foreman bout to promoting Mike Tyson for most of his career, Donald King once had a complete monopoly in the pugilism domain. The reign came to an end after several of his boxers, like Mike Tyson and Evander Holyfield, raised voices of being looted financially by the promoter.

That said, 90-year-old King could impact the entire combat world with his charisma. And even today, he is willing to put on shows that can fetch a new wave of audiences into the sport of boxing. Here’s a look at his net worth.

Don King’s net worth

According to reports, King has a net worth of $150 million in 2022. The number is bigger than many of the A-listed superstars of this generation, like Anthony Joshua or Oleksandr Usyk. This verifies the massive amount of money, which King had spun back in the days. It is said; he announced $10 million prize money to the winner of Ali and Foreman back in 1974. But it is unknown whether he acted on his claims.

Don King, therefore, leads a lavish life and worked with some of the best names in the sport. Most of his clients were heavyweight superstars whom he seemingly ripped off to a great extent. And most of his legendary fighters filed legal cases against Don King.

How did Don King get so rich?

King had been into legal turmoils before he became the iconic promoter. He reportedly ran an illegal bookmaking operation. He was even imprisoned for it. But King turned his fate to glory after entering the boxing business. That said, Don King applied some low-bailing tactics to grab most of the money into his pockets. Almost all of his legal accusations were settled outside the court, including Muhammad Ali’s.

Ali accused Don King of underpaying him $1.1 million from the Larry Holmes bout. Nevertheless, it was settled for $500,000. Others like Terry Norris, ‘Lion’ Lennox Lewis, and Larry Holmes also filed cases against Don King at some point with Holmes stating, “King’s an equal opportunity dirtbag he screws everybody.”

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In that case, Mike Tyson accused his former promoter of one of the biggest mishaps in financial settlements, which ultimately ruined the relationship between him and Don King.

How much money did Don King make off Mike Tyson?

‘The Baddest Man On The Planet’ Mike Tyson worked with Don King throughout his prime time, However, he realized he was conned and Tyson didn’t sit quietly. He sued his former promoter with a $100 million demand and ridiculed Don King publicly in several media interactions. Mike Tyson labeled Don King as “greedy” which put a dent in the promoter’s image.

To resolve it, Don King paid Mike Tyson a whopping $14 million outside the court. Although he eradicated the problems, the constant accusations tarnished his name, which eventually took down Don King from the boxing monopoly. However, the veteran promoter is back to the ride and is once again making it to the headlines. Here’s a look at his recent status.

What is Don King doing nowadays?

King will host a boxing event on January 29. Despite criticizing the modern-age boxers, he still went ahead to stage an event with them. But the scheduled main event and co-main event are off already. It has put down the charisma of the entire show. Bermane Stiverne is expected to headline the night against Trevor Bryan and the show will still go on. So, it’s safe to say that the veteran promoter still has something to offer to the boxing world.

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Are you interested to see Don King back in action?