Canelo Alvarez Net Worth 2020 – How Rich Is Saul?

Canelo Alvarez Net Worth - How Rich Is Saul?

‘Saul’ Canelo Alvarez net worth, salary, and his sources of wealth in 2020 analysed.

Net Worth:$120 Million
Career Earnings:$83 Million
Date of Birth:July 18, 1990
Age:29 years old
Nationality:Mexican
Source of Wealth:Professional Boxer
Last Update:2020

Overview

Saul Canelo Álvarez is a professional boxer from Mexico. One of the world’s best boxers, Alvarez antics in the ring since he turned pro when he was just 15, has earned him a reputation for being a tough fighter who has effectively mastered the act of counterpunching, while carefully observing an opponent’s lapses. Despite taking heavy punches, Alvarez has a knack for spotting openings in an opponent’s rigid defence, which he takes full advantage of in landing powerful punches. His boxing prowess, one of the best in the 21st century has earned several recognitions such as his pound for pound world best active boxer recognition by renowned boxing website, BoxRec, and by other stakeholders in the sport.

As of May 2020, Alvarez holds the unified WBC, WBA (Super), The Ring, and lineal middleweight. He has held the titles since 2018. In the past, Alvarez has held several titles such as his IBF Middleweight title, which he lost in May-August 2019. Alvarez has fought in 56 bouts since he turned Pro and has emerged victorious on 53 occasions. The three-division champion has tasted the bitter pill of defeat just once, seen about ends in a draw, twice, and also defeated opponents by Knockouts 36 times. 

With an emphasis on Saul Canelo Alvarez net worth in 2020, we summarise his wealth. Other highlights include his early life, career summary, earnings, endorsements, luxury lifestyle and lessons from Canelo Alvarez’s wealth and rise to fame.

Early Life

Canelo Álvarez is one of eight children born to the Álvarez family who originates from Los Reyes, Michoacán. Álvarez was born in Guadalajara, Jalisco. Young Álvarez grew up on a farm, his family’s farm along with his seven brothers and one sister. For the Alvarez boys, sports were not a strange phenomenon. The boys were all interested in one sport — boxing. As a result of interest, all 7 trained hard in the sport. Though Canelo was no stranger to boxing, his interest in the sport was said to be at the mundane level, until he saw his elder brother, Rigoberto Álvarez make his debut as a professional boxer. Seeing his brother box excited Canelo who thus began taking boxing seriously. He was just thirteen then. 

Career Summary

A year after he saw his brother make his professional debut in the sports, Canelo emerged the silver medalist at the 2004 Junior Mexican National Championships. By 2005, the had improved his skills to become Junior Mexican National Boxing Champion. In the two years, he spent as an amateur boxer, Canelo fought 46 times and was defeated on just two occasions. At the age of 15, Canelo turned Pro. His decision to turn pro was due to a lack of suitable junior opponents for the incredibly talented boxer. It was revealed that of the first 13 documented fights Canelo fought, against opponents older than him, he defeated 11 by KO. It has also been revealed that Canelo fought in 10 other bouts which were so poorly documented. Those bouts were won by Canelo by KO.

Canelo soon won the WBC Silver light middleweight title after defeating  Luciano Leonel Cuello. After series of a successful title defence, Alvarez added the WBC light middleweight title to his collection after he defeated Matthew Hatton in March 2011. Following title wins and defences, Álvarez’s name soon became a growing sensation in boxing. In 2011, he fought Kermit Cintrón in a Bout that averaged 1.5 million viewers on HBO. Álvarez emerged victoriously and earned $1 million from the bout. His next fight was against Shane Mosley in a title defence for his WBC light middleweight title. The fight was undercover for Floyd Mayweather Jr. Vs. Miguel Cotto’s fight was dominated by Álvarez who pocketed $1.5 million for his victory. He went on to do his WBC title against Josesito López, who he defeated.

Álvarez who had a guaranteed purse of $1. 2 million, earned $2 million from the bout. His next fight was against Austin Trout, who he defeated in front of 39,247 fans. He successfully defended his  WBC light middleweight title and added the WBA (Regular) and  Ring light middleweight titles to his win. He had a guaranteed purse earning of $1 million. In September 2013, Álvarez fought against Floyd Mayweather Jr., a fight that was highly anticipated. The fight was witnessed by 16,746 spectators, who watched Floyd defeat the young Álvarez. He earned $5 million from that bout. He lost his WBC and Ring light middleweight titles to Mayweather Jr. Álvarez went to fight Alfredo Angulo where he had a guaranteed earning of $1.25 million, as well as Erislandy Lara and James Kirkland, where he earned $3.5 million and $3 million respectively. He won all of those bouts.

In November 2015, Álvarez defeated Miguel Cotto to win the WBC, Ring, and lineal middleweight title. He earned 40% of the pay-per-view earnings which amounted to $5 million. He went on to defeat Amir Khan for his WBC Ring and lineal middleweight titles defence. Álvarez earned $20 million for his win and soon vacated his title. Álvarez returned to catch weight division where he won successive bouts before moving on to the Middleweight division where he faced Gennady Golovkin on two bouts. The first which ended in a draw saw Alvarez earns $5 million. The second bout ended in Álvarez favour with him earning another $5 million. Ahead of his bout against Ricky Fielding, he penned a five-year deal with DAZN, worth $365 million.

Saul 'Canelo' Alvarez
Photo: AFP / telegraph.co.uk

The deal which was the richest in the world of sports as at then will see the feature in 11 fights during the duration of the deal. His fight against Fielding where he claimed the WBA (Regular) super middleweight title, marked the first of his 11 fights. He earned $15 million from his fight. Álvarez then defended his WBC, WBA (Super), Ring, and lineal middleweight titles against Jacob Daniels. The bout which was won by Álvarez saw him earn $25 million and also claim Alvarez the IBF Middleweight title. His next bout against Sergey Kovalev saw him defeat Kovalev to claim WBO light heavyweight title as well as $25 million. For his 2019 season, Álvarez was named by The Ring Magazine,  Boxing Writers Association of America, Sports Illustrated, and ESPN, fighter of the year. 

Canelo Alvarez Net Worth in 2020

‘Saul’ Canelo Álvarez net worth is reportedly valued at $120 million. For a boxer set to enter his 30’s, Canelo has achieved several feats at a young age. His successive boxing wins have earned him millions of dollars in his career. Coupled with endorsement deals, Canelo Álvarez earnings is ranked as one of the highest in the world of boxing.

His 2018 five-year $365 million deal with DAZN, which will see his 11 fights stream on the platform, ranked as the richest deal in the world of sports surely had a significant impact on his net worth. Following the expiration of his deal with DAZN, Álvarez who still will be in top boxing shape will be in a position to negotiate another mouthwatering deal. The boxing star is also involved with Oscar De La Hoya Golden Boy Promotions. 

Saul Alvarez Career Earnings

Saul ‘Canelo’ Álvarez has fought in 53 bouts since he turned Pro, and these bouts have produced about $83 million in earning for the boxing star. His biggest pay night was his last two fights, the second and third bouts in his 11 bout deal with DAZN. Those fights against Daniels Jacob and Sergey Kovalev earned him $25 million each. 

Canelo Alvarez Endorsements in 2020

Saul ‘Canelo’ Álvarez endorsement deals portfolio include Hennessy, Under Armour, Coppel Tecate, and Everlast. Álvarez charges as much as $500,000 for endorsement and sponsorship deals with brands whenever he fights in a highly publicized bout.

Canelo Alvarez Luxury Lifestyle

House

Saul ‘Canelo’ Álvarez is currently based in his birth city of Guadalajara. The boxer has a reputation for carefully guarding his privacy. His current abode in Guadalajara is not known to the media. In 2015, Canelo put up his home in San Diego for sale. The home which covers 11,970 square feet, has six-bedrooms, a big library, and every other amenities, found in the home of the super-rich. He sold the home for £6 million.

Cars Collection

Saul ‘Canelo’ Alvarez car collections are said to be worth about £8 million. He own a Mercedes-Benz G63 AMG 6×6, Lamborghini Aventador, Ferrari 458 Italia, Porsche 911 GT3, Lamborghini Gallardo, Mercedes SLS AMG Black Series, McLaren P1, Mustang 500 Eleanor, Rolls Royce Ghost, AMG C64 BiTurbo, Mustang 500 Eleanor and a Ferrari Testarossa.

Lessons from Canelo Alvarez’s Wealth, Success & Fame

Now that you know the interesting story about Canelo’s rise to fame, his wealth, and how he became successful, here are lessons to learn from the Mexican professional boxer.

1. Train hard

Though Álvarez had been no stranger to boxing since he was born, he had to train extra hard to succeed in the ring. He lives in luxury but trains like a hungry man.

2. Train with the best

Before he turned Pro, Álvarez has always trained with Chepo Reynoso, one of the best boxing trainers in the world. His training with Reynoso, helped him improve his skills and also added to his experience. 

Summary

In 2020, Canelo Alvarez net worth is estimated to be $120 million. His career earnings from his boxing fights are a total of $83 Million. Saul Alvarez’s source of wealth is majorly from his career as a professional boxer. According to Forbes in 2020, Saul ‘Canelo’ Alvarez is the 30th highest-paid athlete in the world. Between May 2019 and May 2020, Saul Alvarez earned an estimated $37 million.

Conclusion

In order to enjoy success, one should not just train hard, but also train with the very best.

Finally,  what are your thoughts about ‘Saul’ Canelo Alvarez net worth? Feel free to share with us in the comments section below.

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