With $5.3 Billion Entity’s Sponsorship, Will Canelo Alvarez Achieve Billionaire Status Like Michael Jordan and Floyd Mayweather?

Canelo Alvarez has long been regarded as one of the greatest boxers of his generation. He managed to capture multiple world titles in different weight classes and earned a rock-solid reputation as a fierce and determined fighter. Just in the sheer number of opponents he defeated, he has long surpassed his rival Floyd Mayweather Jr. However, the same cannot be said about his financial achievements. Even after being highly successful in selling his fights, according to Celebrity Net Worth, he is placed in the fifth position on the list of the most successful boxers of all time.

Meanwhile, Mayweather stands at the top of the list. Moreover, while ‘Money’ Mayweather places eight on the Sportico list, Alvarez resides at forty-eight number with an earning of $460 million. Michael Jordan hogs the top position with a $2.37B overall net worth. Furthermore, Saul Alvarez also ranked fifth in this year’s Forbes’ highest-paid athletes list as well. He is also in collaboration with one of the behemoths of the fashion industry. Will Alvarez be able to reach the status of a billionaire following the steps of athletes like Mayweather and Jordan?

Canelo Alvarez’s relationship with the $5.3 billion entity

Domenico Dolce and Stefano Gabbana founded the world-famous clothing brand Dolce&Gabbana. Many are aware that Canelo Alvarez has been with the brand since 2018. It’s a staple for the boxer now, who can be seen wearing the brand both in and out of the ring.

Moreover, even his spouse and children can be seen sporting D&G pajamas. The undisputed champion has the logo on all his clothing including his T-shirts, pants, and Pajamas. The brand is a giant in the fashion industry with both Dolce and Gabbana having a net worth of $2.2 billion and $2.1 billion respectively. With how keen Alvarez is about promoting the brand, it can be guessed that he must be receiving a huge paycheck from them as well. Moreover, he has also been sponsored by brands like, Under Armour, Tecate, Everlast, Value, Yaoca, and Hennessy.

Is he en route to becoming a billionaire like Floyd Mayweather and Michael Jordan?

To answer the question, one must look into how successful these athletes are in the first place. Both Mayweather and Jordan are one of the richest athletes in the world. In the case of Mayweather, he had an uncanny ability to play the role of the villain. However, blessed with extraordinary talent, he defeated opponent after opponent and landed huge fights such as the one against Manny Pacquiao. Combined with his own brand ‘TMT’ (The Money Team) he ventured into other businesses as well. He has claimed that he has a net worth of whopping $1.2 billion.

Michael Jordan has been highly regarded as one of the best basketball players of all time. Throughout his successful career, he managed to earn several accolades including six NBA championships and five MVP awards. Furthermore, Jordan’s endorsement deals are a significant source of his wealth. His partnership with Nike resulted in the creation of the iconic Air Jordan brand, which remains incredibly popular worldwide. He also has ownership and investments beyond basketball, which also further reinforced his earnings.

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Alvarez just might be able to become another billionaire boxer. He currently owns his own ‘VMC’ cocktail brand which recently expanded to America. Despite being launched just last year, the brand has been largely successful to the point of this expansion. Moreover, Alvarez also has his own ‘Canelo Store’ where he sells T-shirts, hats and other accessories. Thus in the future, as he grows further in the business world, he just might achieve the billionaire status as well.

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